HimalayanLife Single And Limited Payment

HimalayanLife Single And Limited Payment

Key Features

• Premium can be paid in lump sum basis as a single payment or for the desired period.
• Upon maturity of policy, Sum assured and vested bonus will be paid.
• In case of death of the insured within the premium paying term, subject to policy in force, Sum Assured and vested bonus will be paid to the legal heir or beneficiary of the insured.

Policy Requirements

Benefits

Rider Benefits

• Flexibility to add in riders like Accidental death benefits and permanent total disability in case of an unfortunate event of death of disability during policy enforce period, additional benefits will be paid as covered by ADB. All future premiums will be waived and monthly benefit will be paid to the insured in case of total permanent disability due to accident. The maximum sum assured of ADBTPDPW (Equal to basic sum assured or maximum NPR. 10,000,000 which ever is less)
• Critical Illness (CI) – This is optional rider coverage which shall be allowed to take our existing policyholders in the condition of medical fitness with effect from the policy anniversary date in all the product portfolio. However, the Company has sole discretion to accept or reject the application. The medical cost shall be borne by an applicant whatsoever. The maximum rider sum assured shall be NPR. 25,00,000 or actual basic sum assured whichever is lower.

• Personal Accident (PA) – This is optional rider coverage  which offers immense benefits during the policy period. This rider shall be allowed to take new policy holder as well as existing policy holders with effect from the policy anniversary date by paying additional rider premium. The maximum rider sum assured shall be NPR. 50,00,000 or actual basic sum assured whichever is lower