Periodic Micro Life Insurance Plan
In simple terms: you pay a fixed amount each year, and at the end of the term you get your cover amount back together with the bonus the insurer adds along the way. Periodic micro life insurance targeted at low-income earners. Allows small sums assured with low premiums and simple claim procedures.
Declared bonus
Rate by policy term
Declared FY 2081/82
| Policy term | Rate / 1,000 | Prev. year |
|---|---|---|
| 0-14 | Rs 45 | Rs 45 |
| 15-19 | Rs 48 | Rs 48 |
| 20-24 | Rs 55 | Rs 55 |
| 25 and above | Rs 62 | Rs 62 |
Recent years
- FY 2081/82
- Rs 45–62/ 1,000
- FY 2080/81
- Rs 45–62/ 1,000
- FY 2079/80
- Rs 45–65/ 1,000
Source: Asian Life Insurance declaration for FY 2081/82
Bonus rates are declared annually and are not guaranteed. Past rates do not guarantee future rates.
Maturity estimator
Estimated value at maturity
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What's included
Key highlights
- Sum assured NPR 10,000-100,000
- Entry age 18–60
- Policy term 5 years
- Lump-sum payout (Sum Assured + Bonus)
Features
- Targeted at low-income earners
- Small sum assured (NPR 10,000–100,000)
- Affordable premiums
- Simple lump-sum claim payouts
- Minimal paperwork
- Required docs: proposal form and ID copy
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 + Bonus
If the policy runs to maturity
This plan states: Sum Assured + Bonus
Optional riders
No optional riders are attached to this plan.
Loan & liquidity
- Policy loan
- Not available
- Paid-up value
- No
- Partial withdrawal
- No
Questions about this plan
What kind of plan is Periodic Micro Life Insurance Plan?
Periodic Micro Life Insurance Plan from Asian Life Insurance is an endowment plan that pairs savings with life cover for a single adult, and suits people who want a guaranteed amount on a fixed future date.
Who can buy Periodic Micro Life Insurance Plan?
The entry age for Periodic Micro Life Insurance Plan is 18 – 60 years.
How long does Periodic Micro Life Insurance Plan run?
The policy term for Periodic Micro Life Insurance Plan is 5 – 60 years.
How much cover can I take on Periodic Micro Life Insurance Plan?
The sum assured available on Periodic Micro Life Insurance Plan is Rs 10,000 – Rs 1,00,000.
What bonus rate does Periodic Micro Life Insurance Plan earn?
For FY 2081/82, Asian Life Insurance declared Rs 42–75 / 1,000 of sum assured on Periodic Micro Life Insurance Plan. Bonus rates are set each year and are not guaranteed.
What is paid if the insured passes away during the term?
Sum Assured + Bonus
What is paid when Periodic Micro Life Insurance Plan matures?
Sum Assured + Bonus
Premium
Quote on request