The plan is a non-participating single premium one year term assurance plan. It provides pre-decided sum assured on death of the life assured during the policy period.
Death Benefit: In the event of unfortunate death of the life assured during the policy term, the Sum assured will be paid to the nominee / beneficiary.
The policy will terminate on payment of the death benefit and nothing will be payable thereafter.
Maturity Benefit: No maturity benefit will be payable under this plan.
Minimum Age at Entry: 16 years (Last Birthday)
Maximum Age at Entry: 60 years (Last Birthday)
Policy Term: 1 year
Premium Payment Term: Single Premium
Minimum Sum Assured: NRs. 250,000
Maximum Sum Assured: No limit, subject to medical and financial underwriting. Sum Assured more than 20 lakhs requires other conventional policies equal to desired sum assured.