One Years' Renewable Group Term Assurance
This is pure cover: it pays your family if something happens during the term, and there is no amount paid back at the end. Sanima Reliance Life one-year renewable group term assurance. Designed for groups (min. 25 members); death benefit payable as Sum Assured. No maturity benefit.
What's included
Key highlights
- Renewable annually
- Group plan (min. 25 members)
- Death benefit = Sum Assured
- Sum Assured from NPR 50,000
- Policy term: 1 year
Features
- One-year renewable group term cover
- Death benefit = Sum Assured
- Minimum group size: 25
- Sum assured range: NPR 50,000 – NPR 20,000,000
- Entry age 18–64 years
- Premium mode: One Year (single)
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
If the policy runs to maturity
This plan states: Nil
Optional riders
No optional riders are attached to this plan.
Loan & liquidity
- Policy loan
- Not available
- Paid-up value
- No
- Partial withdrawal
- No
What's not covered
- Suicide within waiting period (as per company policy)
- War and national calamities
- Pre-existing conditions not disclosed
- Participation in hazardous occupations/activities unless specifically covered
Questions about this plan
What kind of plan is One Years' Renewable Group Term Assurance?
One Years' Renewable Group Term Assurance from Sanima Reliance 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 One Years' Renewable Group Term Assurance?
The entry age for One Years' Renewable Group Term Assurance is 18 – 64 years.
How long does One Years' Renewable Group Term Assurance run?
The policy term for One Years' Renewable Group Term Assurance is 1 – 1 years.
How much cover can I take on One Years' Renewable Group Term Assurance?
The sum assured available on One Years' Renewable Group Term Assurance is Rs 50,000 – Rs 2,00,00,000.
What is paid if the insured passes away during the term?
Sum Assured
What is paid when One Years' Renewable Group Term Assurance matures?
Nil
Premium
Quote on request