Group Term Assurance (Samuhik Myadi Jeevan Beema)
Term
Sum assured
On request
Premium / yr
On request
Term
1 yrs
Entry age
18–64
About this plan
A yearly-renewable group term life insurance for employees/members/customers of an organization. Minimum 25 members required (can be issued for as few as 10 with additional premium). Full sum assured paid on death during policy term; no maturity benefit.
What's included
Key highlights
- Full sum assured on death
- 1 year (renewable annually)
- Minimum members: 25
- No maturity benefit
Features
- Full sum assured payable on death
- Renewable annually (Policy term: 1 year)
- Minimum 25 members (can issue for 10 with extra premium)
- Optional rider: Sun Medicare (Emergency medical rider)
Eligibility & term
- Entry age
- 18 – 64 years
- Policy term
- 1 – 1 years
Benefits payout
- Death benefit
- Full Sum Assured
- Maturity benefit
- No benefit
Optional riders
Accidental death (ADB)PTD / PWBCritical illness (CI)
Sun Medicare
Emergency medical rider offering fixed payouts based on hospitalization days; available as an add-on to this group term assurance.
Loan & liquidity
- Policy loan
- Not available
Other plans from Sun Nepal Life Insurance
Premium
Quote on request