Myadi Laghu Sanyukta Jeevan Beema Yojana
One policy covers both partners, instead of buying two separate ones. Joint term life assurance for husband and wife under a single policy (term 2–5 years). On death of either life, the full sum assured plus 10% as funeral expenses is paid. Accidental total permanent disability pays full sum assured in 120 monthly instalments. No maturity benefit.
What's included
Key highlights
- Joint life cover
- Short term term life insurance plan (2–5 yrs)
- Death benefit + 10% funeral expenses
Features
- Joint coverage for husband and wife under one policy
- Policy term 2–5 years
- On death: Full Sum Assured + 10% of SA as funeral expenses
- Accidental total permanent disability: Full SA payable in 120 monthly instalments
- No maturity benefit
- Premium is single one-time payment
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 either partner passes away during the term
This plan states: Full Sum Assured + 10% of Sum Assured as funeral expenses
If the policy runs to maturity
This plan states: No maturity benefit
Optional riders
Loan & liquidity
- Policy loan
- Not available
- Paid-up value
- No
- Partial withdrawal
- No
What's not covered
- Suicide (within waiting period as per company rules)
- War/terrorism/armed conflict
- Pre-existing conditions unless specifically accepted
Questions about this plan
What kind of plan is Myadi Laghu Sanyukta Jeevan Beema Yojana?
Myadi Laghu Sanyukta Jeevan Beema Yojana from Sun Nepal Life Insurance is a couple plan that covers both spouses under one policy, usually for less than two separate policies would cost.
Who can buy Myadi Laghu Sanyukta Jeevan Beema Yojana?
The entry age for Myadi Laghu Sanyukta Jeevan Beema Yojana is 22 – 65 years.
How long does Myadi Laghu Sanyukta Jeevan Beema Yojana run?
The policy term for Myadi Laghu Sanyukta Jeevan Beema Yojana is 2 – 5 years.
How much cover can I take on Myadi Laghu Sanyukta Jeevan Beema Yojana?
The sum assured available on Myadi Laghu Sanyukta Jeevan Beema Yojana is Rs 10,000 – Rs 3,00,000.
What is paid if the insured passes away during the term?
Full Sum Assured + 10% of Sum Assured as funeral expenses
What is paid when Myadi Laghu Sanyukta Jeevan Beema Yojana matures?
No maturity benefit
Which riders can be added to Myadi Laghu Sanyukta Jeevan Beema Yojana?
Myadi Laghu Sanyukta Jeevan Beema Yojana can be taken with the following optional riders: PTD / PWB. Each rider carries its own premium.
Premium
Quote on request