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 assurance plan offering high-risk coverage at low premium to provide financial protection to your beneficiaries. Death benefit is Sum Assured; no survival/maturity benefit.
What's included
Key highlights
- Min Sum assured: NPR 250,000
- Entry age 18–65 years
- Policy term 5–25 years
- Death benefit: Sum Assured
Features
- Death benefit: Sum Assured
- No maturity/survival benefit
- Premium mode: Yearly
- Designed for affordable high-risk coverage
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
Questions about this plan
What kind of plan is Term Assurance Policy?
Term Assurance Policy 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 Term Assurance Policy?
The entry age for Term Assurance Policy is 18 – 65 years.
How long does Term Assurance Policy run?
The policy term for Term Assurance Policy is 5 – 25 years.
How much cover can I take on Term Assurance Policy?
The sum assured available on Term Assurance Policy is From Rs 2,50,000.
What is paid if the insured passes away during the term?
Sum Assured
What is paid when Term Assurance Policy matures?
NIL
Premium
Quote on request