Product Launch Date:15/02/2022

“Nepal Life – iEnsure” Jeevan Beema Yojana is a non – participating return of premium term plan. This plan provides coverage to the policyholder up to the expiry of the term.

This product offers the following benefits:

• In the event of death before the commencement of risk, refund of premium will be paid to the beneficiary of the insured.
• In the event of death prior to maturity of policy, the basic sum assured will be paid to the beneficiary of the insured.
• At maturity of policy, the total premium paid will be returned to the insured

Policy Term : 5 to 25 years, depending on maximum age at expiry

Premium Term : Same as policy term

Mode of payment : Single, Regular (Monthly, Quarterly, Half-yearly or Yearly)

Entry Age, Coverage Age and Commencement of Risk (Person Covered)

Minimum Entry Age : 18 years old

Maximum Entry Age : 60 years old

Maximum age at policy maturity is 65 years.

Age definition is age next birthday.

Risk commencement begins after one year of the commencement of policy.

Benefits

1. Death Benefit : In the event of Death of the Person Covered, the Death Benefit shall be the total sum assured. Prior to risk commencement, this is a refund of premium.
2. Surrender Benefit : Surrender value is only applicable upon completion of three policy years where three full annual premiums payments have been made.