Term Life Plan Group (Hamro Jeevan Beema)
This is pure cover: it pays your family if something happens during the term, and there is no amount paid back at the end. A term life insurance plan providing pure life cover: pays a death benefit to the nominee in case of the insured's death. Offers affordable premiums, flexible policy terms and essential protection for the employees and members of organisation
What's included
Key highlights
- Pure protection (no savings component)
- Flexible policy terms
- High cover at affordable premium
Features
- Pure life (death) cover only
- Affordable and flexible premium options
- Multiple policy term choices
- Pays death benefit to nominee
- Options/initiatives for migrant workers
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
This plan states: Sum Assured payable to nominee on death of the insured
If the policy runs to maturity
This plan states: None (term plan)
If death is caused by an accident
This plan states: Optional if rider taken
Optional riders
Accidental Death Benefit Rider
Additional death benefit on accidental death
Critical Illness Rider
Lump sum on diagnosis of covered critical illnesses
Waiver of Premium Rider
Waives future premiums on specified events (e.g., disability)
Loan & liquidity
- Policy loan
- Not available
- Surrender allowed
- After 0 years
- Paid-up value
- No
- Partial withdrawal
- No
What's not covered
- Suicide within waiting period
- War and civil commotion
- Pre-existing conditions subject to waiting period
- Self-inflicted injuries
Questions about this plan
What kind of plan is Term Life Plan Group (Hamro Jeevan Beema)?
Term Life Plan Group (Hamro Jeevan Beema) from Rastriya Jeevan Beema Company 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 Term Life Plan Group (Hamro Jeevan Beema)?
The entry age for Term Life Plan Group (Hamro Jeevan Beema) is 18 – 65 years.
How long does Term Life Plan Group (Hamro Jeevan Beema) run?
The policy term for Term Life Plan Group (Hamro Jeevan Beema) is 5 – 35 years.
How much cover can I take on Term Life Plan Group (Hamro Jeevan Beema)?
The sum assured available on Term Life Plan Group (Hamro Jeevan Beema) is Rs 1,00,000 – Rs 5,00,00,000.
What is paid if the insured passes away during the term?
Sum Assured payable to nominee on death of the insured
What is paid when Term Life Plan Group (Hamro Jeevan Beema) matures?
None (term plan)
Which riders can be added to Term Life Plan Group (Hamro Jeevan Beema)?
Term Life Plan Group (Hamro Jeevan Beema) can be taken with the following optional riders: Accidental death (ADB), Critical illness (CI). Each rider carries its own premium.
Premium
Quote on request