One-year renewable group term life plan issued as a single master policy covering all scheme members. Members can join via agencies. Death benefit pays 100% of sum assured. Optional accidental and funeral riders available.
What's included
Key highlights
- मृत्यु लाभ: १००% बीमित रकम
- न्यूनतम बीमित रकम रु. 5,000
- धेरै राइडर विकल्पहरू (अन्त्येष्टि, आकस्मिक मृत्यु/अपाङ्गता)
Features
- एक मास्टर योजना जुन सबै सदस्यहरूलाई आवरण गर्छ
- एक-वर्षीय नवीकरणीय म्यादी बीमा योजना ;
- नयाँ सदस्य वर्षभरि प्र-राटा आधारमा सामेल हुन सक्छन्
- मृत्युमा १००% बीमित रकम भुक्तानी
- वैकल्पिक राइडर: धेरै
- न्यूनतम समूह आकार १०
Terms and conditions
- Minimum group size of 10 members is required
- The basic insurability condition is that members should be in good health on the date of entry into the scheme.
- The product is one-year renewable term life plan, premiums can be paid yearly or monthly during the policy term.
- New members are allowed to join during the policy year, however, the premium is calculated for the year or proportionately (pro-rata basis) for the outstanding term from the joining date to the end of the policy term.
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 sum assured, and the policy ends.
Typical for life insurance plans — confirm the exact terms in the brochure.
If the policy runs to maturity
You receive the sum assured on the maturity date.
Typical for life insurance 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 life insurance plans — confirm the exact terms in the brochure.
Optional riders
अन्त्येष्टि खर्च राइडर
आधारभूत बीमाङ्कको ४०% सम्म, अधिकतम रु.२,००,००० अन्त्येष्टि खर्च राइडर।
दुर्घटना मृत्यु राइडर
आधारभूत बीमाङ्कको ५०%–१००% सम्म, अधिकतम रु.५०,००,००० ADB राइडर।
दुर्घटनाजन्य स्थायी पूर्ण अशक्तता राइडर
आधारभूत बीमाङ्कको ५०%–१००% सम्म, अधिकतम रु.५०,००,००० PTD राइडर।
दुर्घटनाजन्य आंशिक स्थायी अशक्तता राइडर
आधारभूत बीमाङ्कको ५०%–१००% सम्म, अधिकतम रु.२५,००,००० PPD राइडर।
Funeral Expense Rider
Funeral expense rider up to 40% of base SA, maximum NPR 200,000.
Accidental Death Benefit Rider
ADB rider between 50% and 100% of base SA, maximum Rs 5,000,000.
Accidental Total Permanent Disability Rider
Accidental TPD rider between 50% and 100% of base SA, maximum Rs 5,000,000.
Accidental Partial Permanent Disability Rider
Accidental PPD rider between 50% and 100% of base SA, maximum Rs 2,500,000.
Loan & liquidity
- Policy loan
- Not available
Premium
Quote on request