NLIC Insurance plan

Jeevan Sarathi Beema Yojana

NLIC has introduced a new kind of policy in Nepali market .It is a joint life policy. Under this plan risk of both husband and wife is covered by paying single premium. Upon the death of spouse ,amount of sum assured is paid to alive husband or wife and remaining premium is waived .

Features of Jeevan Sarathi Beema Yojana :
  1. It can be taken by anyone in the age group between the age of 18 years to 50 years.
  2. Maximum age on maturity is 65 years.
  3. Under this plan loan upto 90% of the surrender value after the policy has completed two years term.
  4. Minimum Sum Assured is Rs. 50,000/- and Maximum Sum Assured depends upon the income source of life to be assured.
  5. Premium can be paid Yearly, Half-Yearly and Quarterly basis.

Under this Plan Sum assured with Bonus is payable on the following terms:
  1. If both husband and wife are alive, basic Sum assured with Bonus would be payable at the time of maturity.

  2. If anyone dies before the maturity date, Basic Sum Assured is paid. But policy remains inforce without paying the remaining premium and at the time of maturity, again Basic sum assured with Bonus would be payable to the alive life to be assured.

  3. If both of them die before the time of maturity Basic Sum Assured with Bonus would be payable as per the Insurance Act 2049.