First Date of Issuance: 2022-05-20

Mero Sunishchit Pratifal Beema Yojana

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.

Features:

Maturity Benefit:

• For 16-year policy term: Guaranteed return equivalent amounting to 2 times of basic premium paid
• For 20-year policy term: Guaranteed return equivalent amounting to 2.5 times of basic premium paid

Death Benefit:

• 2 times to 20 times of total basic premium paid shall be paid to the beneficiary depending upon the age of the insured at policy commencement, policy term, and time of eventuality during the policy term.

Rider Benefit:

• Option to choose Accidental Death Benefit (ADB), Total Permanent Disability Benefit (TPD), Premium Wavier Benefit (PWB), and Critical Illness (CI) Benefit for a minimal additional premium.

Eligibility:

Policy term and corresponding 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.

Optional Benefits

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.