Guardian 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. A non-linked, non-participating individual term life insurance plan providing protection (death benefit) to the life assured. Targeted at micro borrowers and individuals without formal life cover.
What's included
Key highlights
- सस्तो माइक्रो सुरक्षा
- रु.5,000 बाट
- ऋणग्राही र माइक्रो ग्राहक लक्षित
Features
- गैर-लिङ्क्ड, गैर-प्रति·भागी म्यादी जीवन बीमा
- नीतिको अवधि: 1 वर्ष
- मृत्युको अवस्थामा सुनिश्चित रकम भुक्तानी र नीति समाप्त
- सर्भाइभल/परिपक्वता लाभ छैन
- पेड-अप/लोन उपलब्ध छैन
- बोनस/प्रति·भागी लाभ छैन
- वार्षिक प्रिमियम भुक्तानी
Terms and conditions
- Death Benefits
- On death of the life assured during the policy term, the Sum Assured will be payable to the nominees/legal heirs of the life assured. The policy will be terminated upon such payment.
गार्डियन माइक्रो लाइफ इन्स्योरेन्स नेपाल’s page for this plan
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.
Optional riders
No optional riders are attached to this plan.
Premium
Quote on request