Sajilo Jeevan Beema, an insurance plan designed to offer ease and convenience in premium payment, catering to the needs of adults seeking comprehensive life coverage. This policy can be purchased with a single payment or for a fixed period, with flexible premium payment options available on a yearly basis.
Minimum Insured Amount: NPR 50,000
Maximum Insured Amount: Subject to the customer's income
Minimum Age at Entry: 18 years (Last Birthday)
Maximum Age at Entry: 65 years (Last Birthday)
Maximum Age at Maturity: 70 years (Last Birthday)
Single Premium: 5 to 25 years
Limited Premium Payment Term: 10/15/20/25 years
Premium Payment Term: 1/5/10/15/20 years
For minors, the risk commences after completion of 6 years or two years after the commencement date, whichever is later.
Death Benefit: In the unfortunate event of the policyholder's demise during the policy term, the nominee receives the insured amount along with accrued bonus.
Maturity Benefit: Upon policy maturity, the policyholder receives the insured amount plus accrued bonus.
Optional Benefits:
Accidental Death Benefit: If the policyholder passes away due to an accident during the policy term, the nominee receives the insured amount, accidental death benefit, and accrued bonus.
Permanent Total Disability Benefit: In the event of permanent disability due to accident or sickness, the policyholder receives a sum equal to the insured amount. The policy remains active until maturity, with premiums paid by the policyholder. Upon maturity, the insured amount plus bonus is received.
Premium Waiver Benefit: If the policyholder becomes permanently disabled due to accident or sickness, all future premiums are waived. Upon maturity, the policyholder receives the insured amount plus accrued bonus without further installment payments from the date of disability.
Monthly Income Benefit: For minor policyholders, in the event of their proposer's demise, the child receives 1% of the insured amount every month until they reach the age of 16.
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]
Underwriting Requirements: Applicants above 50 years require specific medical examinations for rider issuance.
Hospitalization Cash Benefit: This benefit, when bundled with another life insurance plan, provides cash benefits to cover hospitalization expenses resulting from accidents during the policy term.
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: 55 years (Last Birthday)
Maximum Age at Maturity: 60 years (Last Birthday)
Policy Term: 5 to 20 years
First Policy Issue Date: 2018-06-21
Bonus Rate: [Enter bonus rate here]
Yearly, Half-Yearly, Quarterly, and Monthly
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