Asian Group Term (Samuhik Myadi)
Term
About this plan
Group term (death-only) insurance plan: single premium, pays sum assured on death during policy term. Entry age 18–69, policy term 1–15 years, sum assured from NPR 10,000 up to NPR 2,000,000.
What's included
Key highlights
- Min Sum assured: NPR 10,000
- Single premium
- Term 1–15 years
- Optional ADB & funeral expense riders
Features
- Minimum sum assured NPR 10,000
- Maximum sum assured NPR 2,000,000
- Policy term 1–15 years
- Single premium payment
- Pays sum assured only if death occurs during term
- No maturity benefit if insured survives term
- Optional riders: Funeral expenses, Accidental Death Benefit (ADB), ADB with PTD/PWB
Eligibility & term
- Entry age
- 18 – 69 years
- Policy term
- 1 – 15 years
- Sum assured
- Rs 10,000 – Rs 20,00,000
- Premium modes
- Single
Benefits payout
- Death benefit
- Sum Assured paid if insured dies during policy term
- Maturity benefit
- No maturity benefit payable if insured survives term
Optional riders
Accidental death (ADB)PTD / PWBCritical illness (CI)
Funeral Expenses
Funeral expense cover can be added optionally.
Accidental Death Benefit (ADB)
Additional benefit if death is caused by an accident.
ADB, PTD, PWB
Extended cover for accidental death, permanent disability and premium waiver (optional).
Loan & liquidity
- Policy loan
- Not available
- Surrender allowed
- After 0 years
- Paid-up value
- No
- Partial withdrawal
- No
What's not covered
- Flights other than travel as a ticketed passenger on a scheduled air service
- War or war-related activity (whether lawful or not)
- Breach of civil or military law
- Suicide within two years of the policy commencement or revival date (whether sane or insane)
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