Skip Navigation
Close

सूचना

यो पृष्ठमा निर्माण कार्य भइरहेको छ ।

This page is under construction.

Rural Term Insurance

Ensure your borrowers and accountholders are financially secure in the event of loss of life or disability.

About Rural Term Insurance

Rural Term Insurance is a combination of life and accident coverage with limited underwriting. In addition, the policy pays a lump sum amount to cover Funeral Expenses in case of death.

The plan is issued through Micro Financial Institutions & Financial Cooperatives. The product aims at covering borrowers and accountholders of Micro Financial Institution & Cooperatives and these organizations cater to low-income group. The plan also caters to customers segment who are self-employed or Small and Medium Enterprise (SME) owners. Those are the owners of small scale proprietorship-shops or tradesmen.

Overview:

The product features are as follows:

Issues age: 16 -70 Years

Policy Term: 1 to 6 Years

Benefits: (i) Loss of Life; (ii) Accidental Death, Permanent Total disability (iii) Funeral expenses.

Minimum and maximum coverage amount in Nepalese Rupee:

Benefits:

Minimum Coverage Amount

(in NPR)

Maximum Coverage

Amount (in NPR)

(i)  Loss of Life;

(ii) Accidental Death, Permanent Total disability

(iii) Funeral expenses.

(i) 5,000

(ii) 5,000

(iii) 500

(i) 2,000,000

(ii) 2,500,000

(iii) up to 2,000,000 including loss of Life

 

 

Premium rate: Will be provided based on census.

Policy Wording