This term insurance plan covers loss of life, accidental death, total permanent disability due to accident. This plan also pays a fixed funeral expense.
Maximum Face Amount/Basic Sum Assured: NRs.700,000/-
Minimum Entry Age: 18 Years
Maximum Entry Age: 64 Years
Minimum Policy Term: 1 Year
Maximum Policy Term: 1 Year
Maximum Maturity Age: 65 Years
Premium Payment Mode: Single Premium Renewable Every Year
Benefits:
On Death of Life Assured during the term of policy: Full Sum Assured Plus 10% of Sum Assured subject to maximum of NPR 50,000 is payable as Funeral Expenses.
On Death of Life Assured during the term of policy due to accident: 100% of Sum Assured (Inclusive of Basic Sum Assured IN (a) Above) plus 10% of Sum Assured subject to maximum of NPR 50,000 is payable as Funeral Expenses.
Total Permanent Disability due to accident: 100% of the Sum Assured (In cancellation of entire policy).
On Survival to Maturity Date: NIL
Loan Facility: Not Applicable
*Terms and conditions apply.
The benefits and coverage provided under this plan are determined by the terms and conditions outlined in the policy and rider documents. In the event of any dispute arising under this policy, resolution will be in accordance with the provisions of the Insurance Act of 2079.
