In case of death of proposer:

• 1% of Sum Assured will be paid till the policy maturity date as  monthly income benefit
• Premium will be waived till the maturity.
• Sum Assured plus bonus will be paid at the time of policy maturity.
• In case of death of Insured (Child) after proposer’s death:
• 25% of Sum Assured plus Bonus or paid premium (except rider premium) whichever is higher will be paid and the policy will be terminated.
• In case of death of proposer and child at same time
• 100% Sum Assured plus bonus will be paid as coverage of proposer and 25% of sum assured will be paid as coverage of insured (Child) and the policy will be terminated.

Comprehensive Additional Benefit

Eligibility:

• Minimum Sum Assured: NPR 25,000
• Maximum Sum Assured: As per the source and level of income.
• Entry Age (Proposer): 21-65 Years
• Entry Age (Child): 1 month to 17 Years
• Rider (ADB, PTD/PWB, CI) Entry Age: 21
• Rider (ADB, PTD/PWB, CI) Maturity Age: 70
• Policy Term: 5-25Years
• Maximum Maturity Age (Child): 25 Years
• Maximum Maturity Age (Proposer): 70 Years
• Premium Payment Mode: Yearly, Half-Yearly, Quarterly, Monthly , Single Mode

• Surrender Value

Surrender value is only applicable upon completion of three full policy years, if the premiums are paid for a minimum period of 3 years and post completion of 3 years from the date of commencement of policy. The surrender value calculation is consistent with the Nepal Insurance Authority’s guideline

Policy Loan

Policy loan is only applicable upon completion of three full policy years in case of regular / limited premium/Single premium. A policy loan is available up to 90% of Surrender Value or 25% of sum assured plus accrued bonus whichever is lower . In the case of death of both, the child and the proposer, the loan amount will be deducted from the benefit payable.