First Date of Issuance: 2022-05-20
This is a non-participatory plan which avails you the option to choose the premium based on your earning capacity and requirement. Additionally, by paying the premium for a limited period you can enjoy the coverage throughout the policy term.
|Minimum Premium Amount:||NPR. 25,000|
|Maximum Premium Amount:||Depends on the premium-paying capacity of the insured.|
|Minimum and Maximum Sum Assured:||Depends on the premium amount paid by the insured.|
|Minimum Entry Age:||16 Years|
|Maximum Entry Age:||44 Years|
|Maximum Maturity Age:||60 Years|
Policy term and corresponding premium paying term:
|Policy Term||Premium Paying Term|
Surrender Value and Loan:
Surrender and loan are only applicable upon completion of 3 full policy years and 3 full annual premium payments. The maximum loan amount will be 90 percent of the surrender value.
Critical Illness Benefit (CI):
On the insured being diagnosed with the onset of any of the listed Critical Illnesses during the term of the policy, an additional sum equal to Maturity Value under the basic policy or NPR 50 Lakhs, whichever is less, is payable subject to the survival of the insured and continuity of the said illness for 30 days from the date of diagnosis.
Accidental Death Benefits (ADB):
On the death of the insured due to an accident, an additional amount equal to Maturity Value or NPR 1 Crore, whichever is less, is payable to the beneficiary.
Permanent Total Disability (PTD):
On Permanent Total Disability of the insured due to accident, an additional amount equal to Maturity Value or NPR 1 Crore, whichever is less, is payable in monthly installment spread over 120 months. If the remaining term to maturity is less than 120 months, the balance installments are payable in a lump sum on maturity or at death, whichever is earlier.
Premium Waiver Benefits (PWB):
On the Permanent Total Disability of the insured due to the accident, the entire future premiums due subsequent to the date of Total Permanent Disability will be waived.
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