Reliable Anticipated Plan, a unique insurance product designed to provide customers with regular returns while ensuring essential protection. This money-back (anticipated) policy offers refunds after the completion of every four years of premium payment, providing financial benefits at specified intervals during the policy term.
Minimum Insured Amount: NPR 200,000
Maximum Insured Amount: Subject to the customer's income
Minimum Age at Entry: 18 years (Last Birthday)
Maximum Age at Entry: 55 years (Last Birthday)
Policy Term: 10/12/14/16/18/20 years
Underwriting Requirements: Applicants above 50 years require specific medical examinations for rider issuance.
Accidental Death Benefit: In the unfortunate event of the policyholder's demise due to an accident during the policy term, the nominee receives the insured amount, accidental death benefit amount, and accrued bonus.
Permanent Total Disability Benefit: If the policyholder becomes permanently disabled due to accident or sickness, they will receive a sum equal to the insured amount. The policy remains active until maturity, with premiums paid by the policyholder. On maturity, the policyholder receives the insured amount plus bonus.
Premium Waiver Benefit: If the policyholder becomes permanently disabled due to accident or sickness, all future premiums are waived. On maturity, the policyholder receives the insured amount plus accrued bonus without further installment payments from the date of disability.
Critical Illness Benefit: This additional benefit, when purchased alongside another life insurance plan, provides protection in case of specific critical illnesses. If diagnosed during the policy term, a lump sum equal to the insured amount of this benefit is paid to the policyholder.
Features:
Minimum Insured Amount: NPR 50,000
Maximum Insured Amount: NPR 10,000,000
Minimum Age at Entry: 18 years (Last Birthday)
Maximum Age at Entry: 60 years (Last Birthday)
Maximum Age at Maturity: 65 years (Last Birthday)
Policy Term: 5 to 20 years
Waiting Period: A 90-day waiting period applies under this benefit from the date of inception or reinstatement, during which no claims are payable.
Survival Period: A 30-day survival period applies from the diagnosis of Critical Illness.
Critical Illness Covered: [List of critical illnesses covered]
Hospitalization Cash Benefit: This benefit provides cash benefits to cover hospitalization expenses resulting from accidents during the policy term.
Location of Hospitalization: Nepal
Premium: NPR 6 for an Insured Amount of NPR 100,000
First Policy Issue Date: 2074-06-31
Yearly, Half-Yearly, Quarterly, and Monthly
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