Coverage
रु. 15 लाख (NPR 15 Lakh)
NPR
Description
Government insurance scheme with guaranteed returns. The most trusted name in Nepali insurance with the highest claim settlement ratio.
Features
- Government backed
- Guaranteed returns
- Maturity benefit
- Death benefit
- Bonus accumulation
- Loan against policy
Highlights
- Government
- 98% settlement
- Most trusted
Bonus Rate
Range45 - 70 per thousand
Fiscal Year2080/81
Riders
ADB
Accidental Death Benefit
Disability Benefit
Monthly income on permanent disability
Pros & Cons
Pros
- Government-owned - highest trust and security
- Highest claim settlement ratio in Nepal (~98%)
- Guaranteed returns backed by government
- Widest age range: 16-60 years entry
- Longest policy terms available: up to 30 years
Cons
- −Slower claim processing compared to private insurers
- −Limited branch network compared to large private insurers
- −Fewer product varieties and rider options
- −Lower bonus rates than some private companies
Claim Process
- 1Submit claim to nearest branch
- 2Provide death certificate and policy documents
- 3Government verification process
- 4Settlement after departmental approval
Eligibility
Age16 - 60 years
Policy Term10-30 years