Asian Life - Karja Suraksha (Term)
This is pure cover: it pays your family if something happens during the term, and there is no amount paid back at the end. Asian Life Karja Suraksha (Term) is a short-term credit protection life plan insuring borrowers of banks, finance companies, microfinance and cooperatives. It is non-participating (no bonus) and single-premium. Pays sum assured on death during the term, double sum assured for accidental death, and a funeral expense benefit.
What's included
Key highlights
- न्यूनतम बीमाङ्क रु. १०,०००
- अधिकत्तम बीमाङ्क रु. २० लाख
- दुर्घटनात्मक मृत्युमा २x बीमाङ्क
- दाह संस्कार खर्च: २५% वा रु. ३०,०००
- समर्पण मूल्य/कर्जा नहुने
Features
- मुनाफामा सरिक नहुने (Non-participating)
- एकल बीमाशुल्क (Single premium)
- बैंक/फाइनान्स/लघुवित्त/सहकारीबाट लिएको कर्जा सुरक्षा गर्ने
- मृत्युमा बीमाङ्क भुक्तानी
- दुर्घटनात्मक मृत्युमा बीमाङ्कको दुई गुणा
- दाह संस्कार खर्च
- पूर्ण स्थायी अंगभंगमा बीमाङ्क भुक्तानी
- आंशिक स्थायी अंगभंगमा बीमाङ्कको ५०% भुक्तानी
- समर्पण मूल्य तथा कर्जा उपलब्ध छैन
Terms and conditions
- Condition of payment:
- a. Within the insurance period;
- 1) In case of death of the insured from time to time, the sum insured and the following cremation expenses will be paid in one lump sum.
- “Cremation expenses”: 25 percent of the insurance or Rs. 30,000.- Whichever is less, the equivalent amount will be provided.
- a) In case of death of the insured due to an accident, double the sum assured will be provided.
- b) Sum insured will be paid in case of complete permanent dismemberment of the insured due to the accident as follows:
- In case of complete loss of vision in both eyes (in case of irreversible total blindness),
- If both hands are lost above the wrist,
- If both legs are lost above the bullet,
- If you lose an arm above the wrist and a leg above the bullet.
- 2) In case of partial permanent dismemberment of the insured due to an accident within the insurance period, 50 (fifty) percent of the sum insured will be paid:
- If an arm is lost above the wrist,
- If you lose a leg above the bullet,
- If you lose sight in one eye,
- If unable to speak or unable to hear.
- Liability of lending institutions:
- The authorized creditor under the insurance policy, after deducting the balance and interest of the loan taken by the insured from the claim amount received under the insurance policy, if there is any amount remaining, the said amount shall be paid to the insured concerned and if he has died, to the person desired by him under the insurance policy or otherwise to the legal owner of the insured under the Insurance Act 2079.
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
If the policy runs to maturity
This plan states: None
Optional riders
दुर्घटना मृत्यु लाभ
बीमाङ्कको २ गुणा दुर्घटना मृत्यु लाभ अन्तर्निहित रूपमा उपलब्ध।
स्थायी पूर्ण अशक्तता लाभ
बीमाङ्क बराबरको स्थायी पूर्ण अशक्तता लाभ अन्तर्निहित रूपमा उपलब्ध।
आंशिक स्थायी अशक्तता लाभ
बीमाङ्कको ५०% आंशिक स्थायी अशक्तता लाभ अन्तर्निहित रूपमा उपलब्ध।
दाह संस्कार खर्च लाभ
दाह संस्कार खर्च बीमाङ्कको २५% वा रु.३०,००० मध्ये जुन कम हुन्छ सो बराबर।
Accidental Death Benefit
Inbuilt accidental death benefit of 2 times the sum assured.
Permanent Total Disability Benefit
Inbuilt PTD benefit equal to the sum assured.
Partial Permanent Disability Benefit
Inbuilt partial disability benefit of 50% of the sum assured.
Funeral Expense Benefit
Funeral expense benefit is 25% of sum assured or Rs 30,000, whichever is lower.
Loan & liquidity
- Policy loan
- Not available
Premium
Quote on request