This is pure cover: it pays your family if something happens during the term, and there is no amount paid back at the end. Sampurna Rakshya is a regular-premium, non-participating group term life plan. It pays the basic sum assured on death prior to policy maturity and covers funeral expenses.
What's included
Key highlights
- Group term policy — death benefit payable
- Funeral expenses up to NPR 50,000 or 10% of SA
- Sum assured range: NPR 10,000–10,000,000
Features
- Group term, regular-premium, non-participating plan
- Premium term equals policy term (payable up to maturity or death)
- Death benefit: Basic sum assured payable + funeral expenses (NPR 50,000 or 10% of SA whichever is lower)
- Large sum assured & group-size discounts availiable
- Riders available: ADB, ADB/PTD/PWB, Critical Illness (CI)
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 Sampurna Rakshya Insurance Plan?
Sampurna Rakshya Insurance Plan from Nepal 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 Sampurna Rakshya Insurance Plan?
The entry age for Sampurna Rakshya Insurance Plan is 18 – 70 years.
How long does Sampurna Rakshya Insurance Plan run?
The policy term for Sampurna Rakshya Insurance Plan is 1 month to 30 years.
Which riders can be added to Sampurna Rakshya Insurance Plan?
Sampurna Rakshya Insurance Plan 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