One Year Renewable Group Term Assurance Plan

Product Features:
 
  • Minimum Group Size: 25 Members
  • Minimum age at Entry: 16 Years (Last Birthday)
  • Maximum age at Entry: 64 Years (Last Birthday)
  • Minimum Policy Term : 1 year
  • Maximum Policy Term: 1 Year
  • Maximum Maturity Age: 65 Years
  • Mode of Premium: 1 Year (Single)
  • Minimum Sum Assured: NRs. 50,000/-
  • Maximum Sum Assured:
    •  For each member: 3 times of annual salary or NRs. 2,000,000 which ever is less
  • Declaration of Good Health: Compulsory
  • Declaration of Good Health: NRs. 500,000.
  • Policy does not acquire any maturity, paid up or surrender value
Brief Description of the Benefits:
On the death of the life assured during the term of the policy: Full sum assured.Who will receive the benefit?
Nominee or dependent as per insurance act 2049 (38) or legal heir or assignee.
Top