This is pure cover: it pays your family if something happens during the term, and there is no amount paid back at the end. Group term life insurance for employees providing death, accident, disability and coverage for 15 critical illnesses. Minimum 10 members and minimum sum assured starts at NPR 10,000. Renewable annually.
What's included
Key highlights
- Minimum members: 10
- Minimum sum assured: NPR 10,000
- Policy term: 1 year (renewable annually)
Features
- Death benefit (minimum NPR 10,000 or based on designation/income)
- Accidental death, dismemberment and permanent total disability benefits
- Funeral expense benefit: 10% of Sum assured up to NPR 200,000)
- Accidental weekly indemnity and accidental medical reimbursement
- Accelerated critical illness benefit covering 15 illnesses
- Yearly premium mode; policy renewable annually
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
The nominee receives the full sum assured. There is no savings element, so nothing else accrues.
Typical for term plans — confirm the exact terms in the brochure.
If the policy runs to maturity
There is no maturity payout. The premium buys cover for the term, not savings.
Typical for term plans — confirm the exact terms in the brochure.
If death is caused by an accident
With the accidental death rider, an additional amount is paid on top of the sum assured. The rider is optional and carries its own premium.
Typical for term plans — confirm the exact terms in the brochure.
Optional riders
Questions about this plan
What kind of plan is SuryaJyoti Group Term Assurance Plan?
SuryaJyoti Group Term Assurance Plan from SuryaJyoti 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 SuryaJyoti Group Term Assurance Plan?
The entry age for SuryaJyoti Group Term Assurance Plan is 18 – 69 years.
How long does SuryaJyoti Group Term Assurance Plan run?
The policy term for SuryaJyoti Group Term Assurance Plan is 1 year (renewable annually).
Which riders can be added to SuryaJyoti Group Term Assurance Plan?
SuryaJyoti Group Term Assurance Plan can be taken with the following optional riders: Accidental death (ADB), PTD / PWB, Critical illness (CI). Each rider carries its own premium.
Premium
Quote on request