Last updated on April 27th, 2021 at 06:43 am
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.
- 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
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
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