This is pure cover: it pays your family if something happens during the term, and there is no amount paid back at the end. Asian Life Karja Suraksha (Term) is a short-term credit protection life plan insuring borrowers of banks, finance companies, microfinance and cooperatives. It is non-participating (no bonus) and single-premium. Pays sum assured on death during the term, double sum assured for accidental death, and a funeral expense benefit.
What's included
Key highlights
- Minimum Sum assured: NPR 10,000
- Maximum Sum assured: NPR 2,000,000
- Accidental death: 2x Sum assured
- Funeral benefit: 25% of SA or NPR 30,000
- No surrender value / no loan
Features
- Non-participating (no bonus)
- Single premium
- Protects loans from banks, finance companies, microfinance and cooperatives
- Death benefit: Sum assured
- Accidental death: 2x Sum assured
- No surrender value or loan under the policy
What happens in each case
Each plan pays out differently depending on what happens during the term. These are the situations that matter for this kind of plan.
If the insured passes away during the term
This plan states: Sum Assured
If the policy runs to maturity
This plan states: None
If death is caused by an accident
With the accidental death rider, an additional amount is paid on top of the sum assured. The rider is optional and carries its own premium.
Typical for term plans — confirm the exact terms in the brochure.
Optional riders
Loan & liquidity
- Policy loan
- Not available
- Paid-up value
- No
- Partial withdrawal
- No
Questions about this plan
What kind of plan is Asian Life - Karja Suraksha (Term)?
Asian Life - Karja Suraksha (Term) from Asian Life Insurance is a term plan that is pure life cover for a fixed period, with no savings element, and suits people protecting family income or a loan.
Who can buy Asian Life - Karja Suraksha (Term)?
The entry age for Asian Life - Karja Suraksha (Term) is 18 – 64 years.
How long does Asian Life - Karja Suraksha (Term) run?
The policy term for Asian Life - Karja Suraksha (Term) is 1 – 15 years.
How much cover can I take on Asian Life - Karja Suraksha (Term)?
The sum assured available on Asian Life - Karja Suraksha (Term) is Rs 10,000 – Rs 20,00,000.
What is paid if the insured passes away during the term?
Sum Assured
What is paid when Asian Life - Karja Suraksha (Term) matures?
None
Which riders can be added to Asian Life - Karja Suraksha (Term)?
Asian Life - Karja Suraksha (Term) can be taken with the following optional riders: Accidental death (ADB). Each rider carries its own premium.
Premium
Quote on request