Term Life

Term Life Insurance covers the risk of death and Permanent Total Disability but does not provide any maturity value in case of non- claim during maturity period. This has cheapest insurance premium rate so customer can have bigger risk coverage with paying lowest premiums.
Features:
  • Most affordable and cheapest life insurance policy.
  • Maturity benefits are not available, only Death during policy is covered under this policy.
  • Higher Sum Assured can be covered by paying lesser premium.

Benefits:
  • Death Benefit: In the event of unfortunate death of the life assured during the policy term, the Sum assured will be paid to the nominee / beneficiary. The policy will terminate on payment of the death benefit and nothing will be payable thereafter.
  • Maturity Benefit: No maturity benefit will be payable under this plan.

Basic Criteria:
Minimum Age at Entry:     16 years (Last Birthday)
Maximum Age at Entry:    60 years (Last Birthday)
Minimum Sum Assured:    NRs. 100,000
Maximum Sum Assured:   No limit, subject to medical and financial underwriting.

Other:

Various life insurance policy designed for specific customer base falls under this category which may have unique features and benefits. You need to understand the product described below before choosing the product for comparison.
Currently, we have products in this category as below:
  1. Universal Life Insurance Policy,
  2. Dual Policy (husband and Wife)
CLICK HERE to compare Term Life Policy of various insurance companies
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