This is pure cover: it pays your family if something happens during the term, and there is no amount paid back at the end. Himalayan Life New Term Assurance. Pays basic sum assured on death. Optional riders available (ADB, CI, PA). Minimum sum assured NPR 100,000; policy term 5–35 years; entry age 18–65.
What's included
Key highlights
- Min sum assured NPR 100,000
- Entry age 18–65
- Riders available
Features
- Minimum sum assured NPR 100,000
- Policy term 5–35 years
- Premium paying term equal to policy term
- Pays basic sum assured on death
- Riders available: Accidental Death Benefit (ADB), Critical Illness (CI), Personal Accident (PA)
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.
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
Questions about this plan
What kind of plan is New Term Assurance?
New Term Assurance from Himalayan 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 New Term Assurance?
The entry age for New Term Assurance is 18 – 65 years.
How long does New Term Assurance run?
The policy term for New Term Assurance is 5-35 years.
Which riders can be added to New Term Assurance?
New Term Assurance can be taken with the following optional riders: Accidental death (ADB), Critical illness (CI). Each rider carries its own premium.
Premium
Quote on request