NLIC Insurance plan

Single Premium Endowment Policy  (NLIC Saral Jeevan Beema Yojana)

NLIC Saral Jeevan Beema is one of the unique product in Nepali’s Insurance market.It is a Single Premium Endowment Plan . Specially it has been designed for those customers, who wants to pay the Lump sum premium and be relief from premium payment on yearly basis.

Features of Single Premium Endowment Policy :
  1. In this plan we have 5 & 10 years of Term.
  2. Minimum S.A is 50,000/- and maximum S.A depends upon the income source of the life to be assured .
  3. Under this plan one can get loan upto 90% of the surrender value after the policy has run for a minimum Two Years.
  4. Riders are not applicable in this plan.
  5. Under this plan Lump sum premium should be paid at the time of Insurance.
Under this Plan Sum assured is payable on the following terms :
  1. Basic Sum Assured will be payable at the time of Death or Maturity Period which is earlier.
  2. Under this plan in 5 Yrs Term either Death or in Maturity which is earlier, Sum Assured + 50 percent of Sum Assured would be payable .
  3. Under this plan in 10Yrs. Term either Death or in Maturity whichever is earlier , Sum Assured + 100 percent of Sum Assured would be payable .
  4. In this plan Agent Commission would be of Gross Premium .