Group Term Assurance Plan for Affinity Groups
Term
About this plan
Group term assurance for affinity groups — a group term life policy paying the member's sum assured to the nominee on death. No maturity benefit.
What's included
Key highlights
- Min SA: NPR 10,000
- Max SA: NPR 5,000,000
- Entry age: 18–70 yrs
- Minimum group size: 10
- Riders available
- Yearly premium mode
Features
- Death benefit: member's sum assured payable to nominee
- No maturity benefit
- Optional riders: Accidental Death Benefit, Permanent Total Disability, Permanent Partial Disability, Funeral benefit
- Minimum group size: 10 members
- Sum assured range NPR 10,000 to NPR 5,000,000
- Entry age 18–70 years
- Policy term 1 month to 30 months
- Premium payment mode: Yearly
Eligibility & term
- Entry age
- 18 – 70 years
- Policy term
- Minimum: 1 month, Maximum: 30 months
- Sum assured
- Rs 10,000 – Rs 50,00,000
- Premium modes
- Yearly
Benefits payout
- Death benefit
- Sum Assured payable to nominee/beneficiary
- Maturity benefit
- Not applicable
- Accidental benefit
- Optional up to NPR 5,000,000
Optional riders
Accidental death (ADB)PTD / PWBCritical illness (CI)
Accidental Death Benefit (ADB)
Optional accidental death sum as opted, subject to maximum NPR 5,000,000
Permanent Total Disability (PTD)
Optional PTD sum as opted, subject to maximum NPR 5,000,000
Permanent Partial Disability (PPD)
Optional PPD sum as opted, subject to maximum NPR 5,000,000
Funeral Benefit
Up to 40% of member SA subject to maximum NPR 50,000
Loan & liquidity
- Policy loan
- Not available
- Surrender allowed
- After 0 years
- Paid-up value
- No
- Partial withdrawal
- No
Other plans from Sanima Reliance Life Insurance
Premium
Quote on request