IME Micro Term (One Year's Micro Term Assurance Plan)
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 micro term life insurance plan covering death, accidental death, and total permanent disability due to accident. A fixed funeral expense payment is also provided.
What's included
Key highlights
- Min Sum assured: NPR 5,000
- Max Sum assured: NPR 700,000
- Policy term: 1 year (renewable)
- 100% SA for accidental death/TPD
Features
- Death cover (non-accidental): full sum assured payable
- Accidental death: 100% of sum assured plus funeral expense (up to NPR 50,000)
- Total permanent disability due to accident: 100% of sum assured
- Policy term: 1 year (renewable annually)
- Loan facility: Not applicable
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 Micro Term (One Year's Micro Term Assurance Plan)?
IME Micro Term (One Year's Micro Term Assurance Plan) 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 Micro Term (One Year's Micro Term Assurance Plan)?
The entry age for IME Micro Term (One Year's Micro Term Assurance Plan) is 18 – 64 years.
How long does IME Micro Term (One Year's Micro Term Assurance Plan) run?
The policy term for IME Micro Term (One Year's Micro Term Assurance Plan) is 1 year.
Which riders can be added to IME Micro Term (One Year's Micro Term Assurance Plan)?
IME Micro Term (One Year's Micro Term Assurance Plan) can be taken with the following optional riders: Accidental death (ADB), PTD / PWB. Each rider carries its own premium.
Premium
Quote on request