One-year renewable group term life plan issued as a single master policy covering all scheme members. Members can join via agencies. Death benefit pays 100% of sum assured. Optional accidental and funeral riders available.
What's included
Key highlights
- Death benefit: 100% sum assured
- Minimum Sum assured: NPR 5,000
- Multiple new rider options: Funeral, Accidental Death/Disability
Features
- Single master policy covers all members
- One-year renewable term plan
- New members can join pro-rata during policy year
- Death benefit: 100% of sum assured
- Multiple Optional riders: Funeral Expense, Accidental Death, Accidental Total Permanent Disability, Accidental Partial Permanent Disability
- Minimum group size 10
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 sum assured, and the policy ends.
Typical for life insurance plans — confirm the exact terms in the brochure.
If the policy runs to maturity
You receive the sum assured on the maturity date.
Typical for life insurance 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 life insurance plans — confirm the exact terms in the brochure.
Optional riders
Questions about this plan
Who can buy Group Affinity Plan?
The entry age for Group Affinity Plan is 16 – 70 years.
How long does Group Affinity Plan run?
The policy term for Group Affinity Plan is One year.
Which riders can be added to Group Affinity Plan?
Group Affinity Plan can be taken with the following optional riders: Accidental death (ADB), PTD / PWB. Each rider carries its own premium.
Premium
Quote on request