Crest Micro Term Insurance Plan
This is pure cover: it pays your family if something happens during the term, and there is no amount paid back at the end. Short-term (micro) term life insurance plan targeted to provide death cover for families at affordable premiums.
What's included
Key highlights
- सस्तो प्रिमियम
- सरल कागजात
- छोटो अवधिको सुरक्षा
Features
- माइक्रो—सानो अवधि र सस्तो प्रिमियमको लागि डिजाइन गरिएको
- मृत्यु बीमाले परिवारलाई आर्थिक सुरक्षा प्रदान गर्छ
- सरल आवेदन र न्यूनतम कागजात आवश्यकताहरु
Terms and conditions
- 1)Death Benefit: An amount equal to Base Sum Assured is payable in case of death of the Member during the Policy Term
- 2)The Insurance Cover of the Member terminates once if any one of the above Policy Benefits is settled
- 3)There are no Survival, Surrender and Maturity Benefits under this Plan. At the end of one year, the Insurance coverage can be renewed for another one year by payment of Renewal Premium
- 4)With or Without Profits: Without Profits
- 5) Paid up Value/Surrender Value/Policy Loan Provision: Not available
- 6) Bonus: Not applicable.
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
This plan states: Sum Assured payable on death
If the policy runs to maturity
There is no maturity payout. The premium buys cover for the term, not savings.
Typical for term 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 term plans — confirm the exact terms in the brochure.
Optional riders
Loan & liquidity
- Policy loan
- Not available
- Paid-up value
- No
- Partial withdrawal
- No
What's not covered
- Suicide within first 12 months
- War and civil commotion
- Self-inflicted injuries
- Undisclosed pre-existing conditions
Premium
Quote on request