IME Micro Term (One Year's Micro Term Assurance 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. One-year micro term life insurance plan covering death, accidental death, and total permanent disability due to accident. A fixed funeral expense payment is also provided.
What's included
Key highlights
- न्यूनतम बीमांकन रु.5,000
- अधिकतम बीमांकन रु.700,000
- नीति अवधि: 1 वर्ष (नवीकरणयोग्य)
- अकस्मात मृत्यु र स्थायी अपाङ्गतिमा १००% बीमांकित रकम
Features
- मृत्यु कवच : पूर्ण बीमा रकम भुक्तानी
- अकस्मात मृत्युमा १००% बीमा रकम र अन्त्येष्टि भुक्तानी (५०,००० सम्म)
- आकस्मात कारण हुने स्थायी अपाङ्गतिमा १००% बीमा रकम
- नीति अवधि: 1 वर्ष (प्रति वर्ष नवीकरणयोग्य)
- लोन सुविधा: लागू छैन
Terms and conditions
- 1.On Death of Life Assured during the term of policy: Full Sum Assured Plus 10% of Sum Assured subject to maximum of NPR 50,000 is payable as Funeral Expenses.
- 2.On Death of Life Assured during the term of policy due to accident: 100% of Sum Assured (Inclusive of Basic Sum Assured IN (a) Above) plus 10% of Sum Assured subject to maximum of NPR 50,000 is payable as Funeral Expenses.
- 3.Total Permanent Disability due to accident: 100% of the Sum Assured (In cancellation of entire policy).
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
The nominee receives the full sum assured. There is no savings element, so nothing else accrues.
Typical for term plans — confirm the exact terms in the brochure.
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
दुर्घटना मृत्यु लाभ
दुर्घटना मृत्यु लाभ मूल नीतिमा समावेश
स्थायी पूर्ण अशक्तता लाभ
दुर्घटनाजन्य स्थायी पूर्ण अशक्तता मूल नीतिमा समावेश
अन्त्येष्टि खर्च लाभ
अन्त्येष्टि खर्च मूल नीतिमा समावेश
Accidental Death Benefit
Accidental death benefit included in core policy
Total Permanent Disability Benefit
Accidental total permanent disability included in core policy
Funeral Expense Benefit
Funeral expense included in core policy
Loan & liquidity
- Policy loan
- Not available
Premium
Quote on request