This is pure cover: it pays your family if something happens during the term, and there is no amount paid back at the end. A micro/fixed-term life insurance plan available on single premium basis. Sum assured ranges from NPR 10,000 to NPR 300,000. Pays death benefit, funeral expense and specified accidental permanent disability benefits.
What's included
Key highlights
- Entry age: 18–64 years
- Sum assured: NPR 10,000 – NPR 300,000
- Payment: Single premium
- Funeral expense: NPR 10,000
- Max accidental/permanent disability payout: NPR 100,000
Features
- Minimum entry age 18 years
- Maximum entry age 64 years
- Maximum maturity age 65 years
- Single premium payment
- Premium payment term: min 1 year, max 15 years
- Minimum sum assured NPR 10,000
- Maximum sum assured NPR 300,000
- Funeral expense benefit NPR 10,000
- Accidental permanent total disability benefit up to NPR 100,000
- Preset partial disability payouts for loss of limbs/eyes/toes/fingers
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
There is no maturity payout. The premium buys cover for the term, not savings.
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 Myaadi Micro Life Insurance Plan?
Myaadi Micro Life Insurance Plan 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 Myaadi Micro Life Insurance Plan?
The entry age for Myaadi Micro Life Insurance Plan is 18 – 64 years.
How long does Myaadi Micro Life Insurance Plan run?
The policy term for Myaadi Micro Life Insurance Plan is 1 – 15 years.
How much cover can I take on Myaadi Micro Life Insurance Plan?
The sum assured available on Myaadi Micro Life Insurance Plan is Rs 1,000 – Rs 3,00,000.
What is paid if the insured passes away during the term?
Sum Assured
Which riders can be added to Myaadi Micro Life Insurance Plan?
Myaadi Micro Life Insurance Plan can be taken with the following optional riders: PTD / PWB. Each rider carries its own premium.
Premium
Quote on request