This is pure cover: it pays your family if something happens during the term, and there is no amount paid back at the end. Combination life and accident group micro-term insurance with limited underwriting, issued through microfinance institutions and cooperatives to protect borrowers and accountholders. Pays lump-sum for death, accidental death/permanent total disability and funeral expenses.
What's included
Key highlights
- समेकित जीवन र दुर्घटना बीमा
- माइक्रो वित्त/सहकारी ग्राहक लक्षित
- सीनस (census) अनुसार प्रीमियम
Features
- जीवन र दुर्घटना दुवैको कवरेज
- सीमित अण्डरराइटिङ (census आधारित प्रीमियम निर्धारण)
- शवयत्क्रम खर्चका लागि एकचोटि रकम
- माइक्रो फाइनान्स र सहकारीमार्फत जारी
- इशु उमेर: 18–70 वर्ष
- पॉलिसी अवधि: 1 देखि 6 वर्ष
Terms and conditions
- Benefits
- (i) Loss of Life Minimum coverage- Rs 5000 Maximum Coverage- Rs.2000,000
- (ii) Accidental Death, Permanent Total disability Minimum coverage- Rs 5000 Maximum Coverage- Rs.2000,000
- (iii) Funeral expenses. Minimum coverage- Rs 500 Maximum Coverage- 40% of (i) loss of life
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