A term life insurance plan providing life cover for a specified period. Pays the basic sum assured on death; no maturity benefit. Offers high coverage at affordable premium and optional riders.
What's included
Key highlights
- Death benefit = Sum Assured
- Minimum Sum Assured: NPR 500,000
- Riders: ADB / PTD / PWB
- Affordable premium rates at high coverage
Features
- Basic sum assured payable on death
- No maturity benefit
- Riders available: Accidental Death Benefit (ADB), Permanent Total Disability (PTD), Premium Waiver Benefit (PWB)
- Policy term: 1–35 years (maximum maturity age 60)
- Surrender value or policy loan not available
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 sum assured, and the policy ends.
Typical for life insurance plans — confirm the exact terms in the brochure.
If the policy runs to maturity
You receive the sum assured on the maturity date.
Typical for life insurance plans — confirm the exact terms in the brochure.
If death is caused by an accident
With the accidental death rider, an additional amount is paid on top of the sum assured. The rider is optional and carries its own premium.
Typical for life insurance plans — confirm the exact terms in the brochure.
Optional riders
Accidental Death Benefit
Optional ADB rider.
Permanent Total Disability Benefit
Optional accidental PTD rider.
Premium Waiver Benefit
Optional accidental premium waiver rider.
Loan & liquidity
- Policy loan
- Not available
Questions about this plan
Who can buy Rakshya Kawach Jeewan Beema Yojana?
The entry age for Rakshya Kawach Jeewan Beema Yojana is 18 – 59 years.
How long does Rakshya Kawach Jeewan Beema Yojana run?
The policy term for Rakshya Kawach Jeewan Beema Yojana is 1-35 years.
How much cover can I take on Rakshya Kawach Jeewan Beema Yojana?
The sum assured available on Rakshya Kawach Jeewan Beema Yojana is Rs 5,00,000 – Rs 1,00,00,000.
Which riders can be added to Rakshya Kawach Jeewan Beema Yojana?
Rakshya Kawach Jeewan Beema Yojana can be taken with the following optional riders: Accidental death (ADB), PTD / PWB. Each rider carries its own premium.
Premium
Quote on request