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Naulo Dhana Barsa Jeewan Beema Yojana

Nepal Life's merchant targeted money insurance, the sum insured will be available in installments according to the term

The company has stated that any amount of insurance can be kept from a minimum of Rs 50,000 depending on the source of income. In other insurance policies, if you have 15 years of insurance, even if you have risk cover, you have to pay regular installments during that period. Only after the completion of the insurance period will you get the sum assured and bonus.

Umapati Pokharel, Deputy General Manager of Nepal Life Insurance, informed that the new Dhanvarsha life insurance will be paid every two / two years, 15 years in three years, 20 years in four years and 25 years in five years.

Pokharel said that the insurer will receive a bonus of 10% on the first payment of each insurance period, 20% on the second, 30% on the third, 40% on the fourth and no payment during the last insurance period.

Consumers will be able to insure for 10 to 25 years through the new Dhanvarsha life insurance. The company has stated that the entry age of this policy, which has term life insurance, is 16 to 60 years. Nepal Life has set the optional facility entry age at 16 years and the maximum age at the end of insurance is 70 years.

The company has stated that it will provide packages of 10, 15, 20 and 25 years of insurance. Nepal Life Insurance has stated that the premium payment period of 10 years will be single or eight years, 15 years single or 12 years.

He said that the company will pay the sum assured and the bonus amount as per the rules earned by the policyholder in case of death of the insured before the expiry date of the insurance policy. Pokharel informed that the partial payment amount already paid will not be deducted while making such payment.

However, in case of single premium payment, the amount equal to 2.5 times the sum assured and the earned bonus will be paid in one lump sum and the amount paid for term payment will not be deducted.

The premium payment period of 20 years insurance period will be single or 16 years and 25 years single or 20 years.

'Businesses want to keep their business moving forward, at the same time trying to manage or transfer the financial risks that may come into their lives. This scheme provides funds to the business community on a fixed date according to the insurance period. This is a policy that covers risk and runs the business smoothly, 'said Pokharel.

The company has also implemented a scheme to give discounts on insurance fee payment. The company has stated that it will give 2 percent discount on annual premium payment and 1 percent discount on half-yearly premium payment. The company has stated that it will not give any discount on the payment of quarterly insurance fee and will give an additional five percent discount on the payment of monthly insurance fee.

Similarly, the company has also stated that the discount will be given on the basis of the sum insured. The company will give a discount of 50 paisa per thousand from five lakh one thousand to two and a half lakh. 2.5 million to Rs. 5 million per thousand.

Nepal Life has stated that it will give a discount of Rs. 2,000 per thousand on all insured amount above Rs. One crore one thousand.  

The company has stated that the optional facility under this insurance plan includes accident benefit, insurance fee waiver and disability facility. The optional facility is equal to the sum insured of the original policy or up to a maximum of Rs 10 million.

Among other facilities, the company has stated that in case of an insurance policy issued by paying a single premium for the loan and surrender fee, the surrender fee and loan can be availed after one year from the date of commencement of insurance.

The company has stated that in case of payment of insurance fee other than single insurance payment, surrender price and loan will be available only after completion of two years from the date of commencement of the policy.

Naulo Dhana Barsa Jeewan Beema Yojana