This is pure cover: it pays your family if something happens during the term, and there is no amount paid back at the end. iEnsure Jeevan Beema Yojana is a non‑participating return‑of‑premium term plan providing coverage for the policy term. On death during the policy term the sum assured is paid; if death occurs before risk commencement premium is refunded; at maturity total premiums paid are returned.
What's included
Key highlights
- Return of premium at maturity
- Refund of premium if death before risk commencement
- Sum assured paid on death
- Risk starts after 1 year (except accidental death)
Features
- Non‑participating return‑of‑premium term plan
- Refund of premium if death occurs before risk commencement
- Sum assured payable on death during policy term
- Total premiums paid returned at maturity
- Risk commencement after 1 year (except accidental death)
- Surrender value payable only after 3 full policy years and 3 full annual premium payments
Terms and conditions
- 1)Death Benefit : In the event of Death of the Person Covered, the Death Benefit shall be the total sum assured. Prior to risk commencement, this is a refund of premium.
- 2)Surrender Benefit : Surrender value is only applicable upon completion of three policy years where three full annual premiums payments have been made.
What happens in each case
Each plan pays out differently depending on what happens during the term. These are the situations that matter for this kind of plan.
If the insured passes away during the term
The nominee receives the full sum assured. There is no savings element, so nothing else accrues.
Typical for term plans — confirm the exact terms in the brochure.
If the policy runs to maturity
The premiums paid over the term are returned to you at maturity. There is no bonus on top.
Typical for term plans — confirm the exact terms in the brochure.
Optional riders
No optional riders are attached to this plan.
Loan & liquidity
- Surrender allowed
- After 3 years
Questions about this plan
What kind of plan is iEnsure Jeevan Beema Yojana?
iEnsure Jeevan Beema Yojana from Nepal Life Insurance is a term plan that is pure life cover for a fixed period, with no savings element, and suits people protecting family income or a loan.
Who can buy iEnsure Jeevan Beema Yojana?
The entry age for iEnsure Jeevan Beema Yojana is 18 – 60 years.
How long does iEnsure Jeevan Beema Yojana run?
The policy term for iEnsure Jeevan Beema Yojana is 5 to 25 years.
How much cover can I take on iEnsure Jeevan Beema Yojana?
The sum assured available on iEnsure Jeevan Beema Yojana is From Rs 1,00,000.
Premium
Quote on request