Sulav Jeevan Beema

Sulav Jeevan Beema, a highly esteemed life insurance plan among the offerings of life insurance companies in Nepal. Designed for adults, this policy provides a range of benefits and optional add-ons to cater to your evolving needs, all with the convenience of flexible premium payment frequencies – yearly, half-yearly, quarterly, or monthly.

• Features:

  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: 65 years (Last Birthday)
  Policy Term: 5 to 54 years

• Policy Term:

  Additional benefits are available from the age of 18 years.

  Accidental Death Benefit : In case of death of the policy holder during the term of the policy due to accident the nominee gets Insured amount plus accidental death benefit amount plus accrued bonus.

  Permanent Total Disability Benefit : If a policy holder becomes permanently disable due to accident or sickness then the policy holder will received a sum equal to the Insured amount and policy will remain continue till maturity by paying the premium by the policy holder. On maturity policy holder will again receive the insured amount plus bonus.

  Premium Waiver Benefit : If a policy holder becomes permanently disable due to accident or sickness then all the future premium will be waived. On maturity the policy holder will receive the Insured amount plus accrued bonus without paying any installment from the date of disability.

• Risk Commencement Date:

  The risk commences immediately upon policy commencement.

• Benefits:

  • 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: Should the policyholder pass 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 since the date of disability.
    Critical Illness Benefit: This additional protection, when paired with another life insurance plan, offers coverage for 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 5,000,000
    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

• Payment Mode:

  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.
  Payment Mode: Yearly, Half-Yearly, Quarterly, and Monthly
  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 5,000,000
  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: 2074-11-20
  Bonus Rate: [Enter bonus rate here]
   

• Premium Calculator:

  Under development process..