This is pure cover: it pays your family if something happens during the term, and there is no amount paid back at the end. Group term (death-only) insurance plan: single premium, pays sum assured on death during policy term. Entry age 18–69, policy term 1–15 years, sum assured from NPR 10,000 up to NPR 2,000,000.
What's included
Key highlights
- Min Sum assured: NPR 10,000
- Single premium
- Term 1–15 years
- Optional ADB & funeral expense riders
Features
- Minimum sum assured NPR 10,000
- Maximum sum assured NPR 2,000,000
- Policy term 1–15 years
- Single premium payment
- Pays sum assured only if death occurs during term
- No maturity benefit if insured survives term
- Optional riders: Funeral expenses, Accidental Death Benefit (ADB), ADB with PTD/PWB
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 paid if insured dies during policy term
If the policy runs to maturity
This plan states: No maturity benefit payable if insured survives term
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
Funeral Expenses
Funeral expense cover can be added optionally.
Accidental Death Benefit (ADB)
Additional benefit if death is caused by an accident.
ADB, PTD, PWB
Extended cover for accidental death, permanent disability and premium waiver (optional).
Loan & liquidity
- Policy loan
- Not available
- Surrender allowed
- After 0 years
- Paid-up value
- No
- Partial withdrawal
- No
What's not covered
- Flights other than travel as a ticketed passenger on a scheduled air service
- War or war-related activity (whether lawful or not)
- Breach of civil or military law
- Suicide within two years of the policy commencement or revival date (whether sane or insane)
Questions about this plan
What kind of plan is Asian Group Term (Samuhik Myadi)?
Asian Group Term (Samuhik Myadi) 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 Group Term (Samuhik Myadi)?
The entry age for Asian Group Term (Samuhik Myadi) is 18 – 69 years.
How long does Asian Group Term (Samuhik Myadi) run?
The policy term for Asian Group Term (Samuhik Myadi) is 0 – 15 years.
How much cover can I take on Asian Group Term (Samuhik Myadi)?
The sum assured available on Asian Group Term (Samuhik Myadi) is Rs 10,000 – Rs 20,00,000.
What is paid if the insured passes away during the term?
Sum Assured paid if insured dies during policy term
What is paid when Asian Group Term (Samuhik Myadi) matures?
No maturity benefit payable if insured survives term
Which riders can be added to Asian Group Term (Samuhik Myadi)?
Asian Group Term (Samuhik Myadi) can be taken with the following optional riders: Accidental death (ADB), PTD / PWB. Each rider carries its own premium.
Premium
Quote on request