Contact Number +977-1 4445740 | 4445741 | 4445742 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 64 Yrs
  3. Policy Term:               1 to 15 yrs
  4. Premium Payment :      Single
  5. Surrender Value & Loan: No Surrender value or loan is available
  6. Maximum Age at Maturity: 65 years
  7. Maturity Benefit: NONE
  8. Death Benefit: Sum Assured + Funeral Expenses Rs.10,000
  9. Disability Benefit due to accident
A. Total Permanent Disability
a) Permanently total Disabled or
b) Irrecoverable and total loss of both eye sight or
c) Loss of use or physical severance of both the arms at or above wrist or loss of use or physical severance of both the legs at or above the ankle.
d) Loss of use or physical severance of one arm at or above wrist or loss of use or physical severance of one leg at or above the ankle along with loss of sight of one eye.
Sum Assured
B. Partial disability
a) Irrecoverable and total loss of one eye sight or
b) Loss of use or physical severance of one arm at or above wrist or loss of use or physical severance of one leg at or above 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) Complete loss of one Index finger
d) Permanent damage of any hand finger
e) Complete damage of one toe
f) Complete 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 case of multiple events of partial disability mentioned above, the maximum liability including all events shall be limited to Sum Assured only.

 

First Policy Issued Date: 15th January 2019