This is pure cover: it pays your family if something happens during the term, and there is no amount paid back at the end. Low-premium term life insurance providing high protection. On death during the policy term, full sum assured is payable. Riders available for additional coverage.
What's included
Key highlights
- Minimum SA: NPR 50,000
- Entry age: 18–60 years
- Policy term: 5–30 years
- No loan facility
- Premiums not refunded
Features
- Designed to provide high cover at low premium
- Minimum sum assured NPR 50,000
- No maturity benefit (term plan)
- Single, regular and limited premium payment options
- Riders: Accidental Death, Permanent Total Disability, Critical Illness (21 conditions)
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 IME Best Term (Individual Term)?
IME Best Term (Individual Term) from IME 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 IME Best Term (Individual Term)?
The entry age for IME Best Term (Individual Term) is 18 – 60 years.
How long does IME Best Term (Individual Term) run?
The policy term for IME Best Term (Individual Term) is Min 5 years - Max 30 years.
Which riders can be added to IME Best Term (Individual Term)?
IME Best Term (Individual Term) can be taken with the following optional riders: Accidental death (ADB), PTD / PWB, Critical illness (CI). Each rider carries its own premium.
Premium
Quote on request