Contact Number +977 1 4445634 Contact Email info@mahalaxmilife.com Location Kamalpokhari, Kathmandu

This is Single Premium Micro Term Policy covering death or partial/total disability of life assured during policy period on small amount of premium.

Eligibility & Benefits

  1. Sum Assured : 300,000
  2. Entry Age: 16 to 60 Yrs
  3. Policy Term:               1 to 15 yrs
  4. Premium Payment :      Single
  5. Surrender Value & Loan: No Surrender value or loan is available
  6. Maturity Benefit: NONE
  7. Death Benefit: Sum Assured + Funeral Expenses Rs.10,000
  8. Disability Benefit due to accident
A. Total Permanent Disability
a) Permanently total Disabled or
b) irrecoverable and complete loss of both eye sight or
c) Physically useless of wrist of the both hand or both legs from
joint of the ankle or
d) Loss of a wrist of a hand or an ankle of a foot with loss of one eye sight
Sum Assured
B. Partial disability
a) irrecoverable and complete loss of one eye sight or
b) Physically useless of wrist of the one hand or one legs from joint
of the ankle or
c) complete loss of speech or
d) complete loss of hearing (both ear)
50% of Sum Assured
C. Loss of Limbs or Partial Disability
a) complete loss of hearing of the one ear
b) Complete loss of one thumb
c) Total loss of one Index finger
d) permanent damage of any hand finger
e) Total damage of one toe
f) total damage of any finger of the leg
20% of SA
20% of SA
15% of SA
7% of SA
5% of SA
4% of SA
Note: In any case total Disability or loss of limbs liability shall be maximum of Sum Assured only including all events.