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
• Accidental Benefit : Available Up to Nrs. 500000/-
• 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.

First Policy Issue Date :  13.01.2017