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 renewable term life insurance plan offering straightforward, cost-effective protection for a specified policy term. It is a non-participating (no bonuses) pure term plan that pays the sum assured on death during the policy term.
What's included
Key highlights
- Cost-effective life protection
- Simple and easy-to-understand plan
- Focused coverage for specified years
- Yearly premium payment mode
Features
- Policy term selectable from 5 to 25 years
- Entry age 18–65 years
- No maturity payout (pure term) — lower premiums
- Non-participating: no bonus, surrender, or paid-up value
- Annual premium payment mode
- Death benefit: full sum assured payable if death occurs during policy term
- Optional riders availiable
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: Full Sum Assured payable if death occurs during policy term
If the policy runs to maturity
This plan states: No maturity benefit (pure term)
Optional riders
Sun Medicare
Emergency medical rider offering fixed payouts based on hospitalization days.
Critical Illness
Pays lump sum on diagnosis of covered critical illnesses (rider details per policy brochure).
Funeral Expense
Lump sum to cover funeral expenses on death of the insured.
Loan & liquidity
- Policy loan
- Not available
- Paid-up value
- No
What's not covered
- Suicide within specified waiting period as per policy terms
- War, civil commotion and related events
- Pre-existing conditions not disclosed at proposal
Questions about this plan
What kind of plan is Nabikaran Myadi Jeevan Beema?
Nabikaran Myadi Jeevan Beema from Sun Nepal 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 Nabikaran Myadi Jeevan Beema?
The entry age for Nabikaran Myadi Jeevan Beema is 18 – 65 years.
How long does Nabikaran Myadi Jeevan Beema run?
The policy term for Nabikaran Myadi Jeevan Beema is 5 – 25 years.
How much cover can I take on Nabikaran Myadi Jeevan Beema?
The sum assured available on Nabikaran Myadi Jeevan Beema is From Rs 2,50,000.
What is paid if the insured passes away during the term?
Full Sum Assured payable if death occurs during policy term
What is paid when Nabikaran Myadi Jeevan Beema matures?
No maturity benefit (pure term)
Which riders can be added to Nabikaran Myadi Jeevan Beema?
Nabikaran Myadi Jeevan Beema can be taken with the following optional riders: Critical illness (CI). Each rider carries its own premium.
Premium
Quote on request