This is pure cover: it pays your family if something happens during the term, and there is no amount paid back at the end. One-year term (protection) life insurance that pays the sum assured on death during the policy year. No maturity benefit, surrender value, or loan facility.
What's included
Key highlights
- Policy term 1 year
- No surrender/loan
- Premium rates per thousand vary by age
Features
- Minimum entry age 18 years
- Maximum entry age 60 years
- Policy term: 1 year
- Minimum sum assured NPR 250,000
- Sum assured payable on death during policy term
- No surrender value or loan facility
- Premium rates specified per thousand by age group
- Discounts available for larger sum assured
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 payable on death during policy term
If the policy runs to maturity
This plan states: No maturity benefit (no payout at policy maturity)
Optional riders
Critical Illness (CI)
Lump-sum benefit on diagnosis of a specified critical illness.
Loan & liquidity
- Policy loan
- Not available
- Surrender allowed
- After 0 years
Questions about this plan
What kind of plan is Saral Suraksha (Short-term)?
Saral Suraksha (Short-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 Saral Suraksha (Short-term)?
The entry age for Saral Suraksha (Short-term) is 18 – 60 years.
How long does Saral Suraksha (Short-term) run?
The policy term for Saral Suraksha (Short-term) is 1 – 1 years.
How much cover can I take on Saral Suraksha (Short-term)?
The sum assured available on Saral Suraksha (Short-term) is From Rs 2,50,000.
What is paid if the insured passes away during the term?
Sum Assured payable on death during policy term
What is paid when Saral Suraksha (Short-term) matures?
No maturity benefit (no payout at policy maturity)
Which riders can be added to Saral Suraksha (Short-term)?
Saral Suraksha (Short-term) can be taken with the following optional riders: Critical illness (CI). Each rider carries its own premium.
Premium
Quote on request