Corporate Solutions

Reliance Samuhik Myadi Jeevan Beema Yojana (Reliance Group Term Life Plan)


This plan is designed to offer life insurance coverage by employer to its employees. This plan will give financial assistance and stability to the beneficiaries of the employees in case of eventuality.

By offering this plan, the organization is being responsible towards its employees which creates strong bonding and assists in their retention.

Benefits:

  • High risk coverage to employees at affordable price
  • On death of an employee, beneficiary of concerned employee will receive a lump sum amount equivalent to full Sum Assured.
  • Employee can be added or removed from the group at any point of time.
  • Additional financial security can be offered to employees by adding rider benefits to cover critical illness, accidental death benefits and permanent total disability.

Maturity Benefits: Nil

Eligibility Criteria:

Minimum Group Size                                      10

Minimum Sum Assured                                 NPR 50,000

Maximum Sum Assured                                NPR 20,000,000

Minimum Entry Age                                        16 Years

Maximum Entry Age                                       64 Years

Minimum Policy Term                                    1 Year

Maximum Policy Term                                   1 Year

Maximum Maturity Age                                65 Years

Death Benefits

On death of the life assured during the policy term, beneficiary will receive a lump sum amount equivalent to full Sum Assured (Death Benefits = Sum Assured).

Premium Payment Mode: Annual Basis

 

Micro Insurance


This plan is designed to offer insurance coverage to the members of micro insurance companies & co-operatives who are mainly low-income people who do not have access to adequate risk management tools and are vulnerable to fall back to poverty in times of hardship and require low insurance coverage. This plan will give ­financial assistance and stability to the bene­ficiaries of the members in case of eventuality. Besides this, additional bene­fits like Accidental Death Bene­t (ADB), Total Permanent Disability (TPD), & Funeral Expense can also be availed as per request.

 

One Year Renewable Group Term Assurance Plan for Affinity Groups (non-par)


This plan is designed to offer life insurance coverage to the non-employer’s employee groups such as members of co-operatives, self-help groups, member of association, members of lending institutions and others. This plan will give financial assistance and stability to beneficiary of the members in case of eventuality. Besides this, additional benefits like Accidental Death Benefit (ADB), Total Permanent Disability (TPD) & Funeral Expense can also be availed as per request.

 

Minimum Sum Assured                                 NPR 10,000

Maximum Sum Assured                                NPR 50,00,000

Minimum Entry Age                                        16 Years

Maximum Entry Age                                       69 Years

Minimum Policy Term                                    1 Year (To be renewed every year)

Maximum Maturity Age                                70 Years

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