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 is a regular premium paying term assurance plan. If the life assured dies during the premium-paying term, the pre-decided sum assured is payable provided the policy is in force.
What's included
Key highlights
- Term assurance plan
- Min sum assured NPR 500,000
- Entry age 18–60 yrs
Features
- Regular premium paying term assurance
- Death benefit (sum assured) payable during premium-paying term if policy in force
- Entry age 18–60 years
- Sum assured from NPR 500,000 to NPR 10,000,000
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
No optional riders are attached to this plan.
Questions about this plan
What kind of plan is Amulya Jeevan?
Amulya Jeevan from LIC Nepal 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 Amulya Jeevan?
The entry age for Amulya Jeevan is 18 – 60 years.
How long does Amulya Jeevan run?
The policy term for Amulya Jeevan is 10 – 44 years.
How much cover can I take on Amulya Jeevan?
The sum assured available on Amulya Jeevan is From Rs 5,00,000.
Premium
Quote on request