HimalayanLife Single And Limited Payment
HimalayanLife Single And Limited Payment
HimalayanLife Single and Limited Payment Plan is designed to the people who wish to pay the premium in lump sum basis and who wish to pay premium for the 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.
Product Launched On :- 23 May, 2013
Policy Requirements
Minimum Sum AssuredNpr 50,000
Maximum Sum Assured
No Limit
Minimum Entry Age
18 Years
Maximum Entry Age
65 Years
Minimum Policy Term
5 Years
Maximum Policy Term
30 Years
Max Maturity Age
70 Years
Premium Paying Term
Single or 5 / 10 / 15 / 20
Premium Payment Frequency
Yearly, Half Yearly, Quarterly & Monthly
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Benefits
Maturity Benefits
Full sum assured plus bonus
Death before maturity:
Basic Sum Assured plus Vested Bonus
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