Group Term Assurance Plan for Affinity Groups
- Eligibility Criteria
- Minimum Sum Assured: 10,000/-
- Maximum Sum Assured: 5,000,000/-
- Minimum Entry Age (Nearest Birthday): 18 years
- Maximum Entry Age (Nearest Birthday): 70 years
- Maximum Maturity Age: 71 years
- Minimum Policy Term: 1 Month
- Maximum Policy Term: 10 Year
- Minimum group size: 10 or 75% of eligible members, whichever is higher
- Benefits/Special Features
- Death Benefit: Sum Assured pertaining to the member will be payable to nominee/beneficiary.
- Maturity Benefit: Not Applicable
- Rider Benefits (Optional)
- Accidental Death Benefit (ADB): Additional amount as opted in the policy, subject to maximum of 5,000,000.00
- Permanent Total Disability (PTD): Additional amount as opted in the policy, subject to maximum of 5,000,000.00
- PPD: Additional amount as opted in the policy, subject to maximum of 5,000,000.00
- Funeral: up to 40% of members SA, subject to maximum of 50,000.00
- Maternity/Paternity Benefit: Sum assured up to Rs. 5,000/- given to parent (Mother or Father) of the new born child upon confirmation of birth by Government body or with a birth certificate issued by the hospital. This benefit is restricted up to two new born children.
- Nomenclature Benefit: Policyholders are eligible for a total benefit of up to NPR 5,000, which can be allocated at the time of policy issuance toward one or more predefined micro-benefits. These benefits are tailored based on local vulnerabilities:
1. Hospitalization Cash Benefit
2. Snake bites, animal attacks
3. Widow Support/Child education Continuation.
4. Natural Disaster Relief (Emergency Relief)
5. Marriage Allowance for Daughters (Insured being the parent)
- Premium Payment Mode/Structure
- Mode: Yearly/Single
- Premium Rates: Fixed Premium Rates
Approval Date : 2082/07/28
