This is pure cover: it pays your family if something happens during the term, and there is no amount paid back at the end. This policy is a compulsory term life insurance for those going abroad for foreign employment. Premium rates are provided by age group.
What's included
Key highlights
- Age-based premium rates
- Permanent disability and medical expenses accident related covered
- Critical illness rider applicable
- Simple term life product targeted at migrant workers
Features
- Compulsory for foreign employment
- Premium rates by age groups (18–35, 36–50, 51–64)
- Critical illness loading: additional Rs.400
- If the insured dies during the policy period , the family gets NPR 1,000,000 (Ten lakh rupees).
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
The nominee receives the full sum assured. There is no savings element, so nothing else accrues.
Typical for term plans — confirm the exact terms in the brochure.
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
Questions about this plan
What kind of plan is Foreign Employment Term Life Policy?
Foreign Employment Term Life Policy from Citizen 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 Foreign Employment Term Life Policy?
The entry age for Foreign Employment Term Life Policy is 18 – 64 years.
How long does Foreign Employment Term Life Policy run?
The policy term for Foreign Employment Term Life Policy is 1–6.5 years.
Which riders can be added to Foreign Employment Term Life Policy?
Foreign Employment Term Life Policy can be taken with the following optional riders: PTD / PWB, Critical illness (CI). Each rider carries its own premium.
Premium
Quote on request