This policy pays the outstanding loan to a Bank or Financial Institution in case the insured borrower dies, suffers permanent total disability, involuntary unemployment, or is diagnosed with any of the 18 listed critical illnesses. It is designed to mitigate lenders' losses from borrower defaults caused by circumstances beyond the borrower's control.
What's included
Key highlights
- ऋणदाताको हित संरक्षण
- मृत्यु र स्थायी अपाङ्गता समावेश
- १८ वटा क्रिटिकल इल्यनेस समावेश
- अनैच्छिक बेरोजगारी कवरेज
Features
- बीमाले बैंक/वित्तीय संस्थाप्रति बाँकी ऋण भुक्तान गर्दछ
- मृत्यु, स्थायी पूर्ण अपाङ्गता, १८ क्रिटिकल इल्यनेस र अनैच्छिक बेरोजगारी समावेश
- दावी घटना भएको मितिको बाँकी ऋण रकममा दावी स्वीकारिने
- प्रि-एग्जिस्टिङ अवस्थाहरू र नीति सुरुवातदेखि ९० दिनभित्र पत्ता लागेको क्रिटिकल इल्यनेस विचारमा नरहने
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.
Optional riders
No optional riders are attached to this plan.
Premium
Quote on request