Nepal Life Insurance has introduced the ‘Nepal Life Rakshya Kavach Term Life Insurance Plan,‘ designed to provide maximum financial protection at minimal premiums. The plan was officially launched by CEO Praveen Raman Parajuli on December 18, 2024.
Key Features of the Plan:
- Coverage Amount: Rs. 5 lakhs to Rs. 1 crore
- Eligibility: Individuals aged 18 to 59 years
- Policy Term: 1 to 35 years
- Benefits:
- If the insured passes away during the policy term, the insured amount is paid, and the policy ends.
- Optional riders like Accidental Death Benefit (ADB), ADB with Permanent Total Disability (PTD), and Premium Waiver Benefit (PWB) can be added for additional protection.
Flexibility and Accessibility:
- The plan can be purchased as a standalone policy or as an add-on to six existing Nepal Life policies, offering substantial risk coverage at an affordable cost.
- National Sales Head Umapati Pokharel emphasized the plan’s adaptability, making it suitable for diverse customer needs.
- Deputy CEO Amit Kumar Kayal highlighted its goal to make insurance more accessible across all income groups, reinforcing Nepal Life’s commitment to customer-centric solutions.
Enhancing the Insurance Landscape:
- The plan not only provides financial security to families but also addresses modern-day insurance requirements.
- Training Department Head Rajesh Basnet elaborated on how the plan integrates with savings and whole-life policies, offering comprehensive benefits.
Nepal Life aims to set new standards in the insurance sector with this initiative, ensuring affordability and extensive coverage. The Nepal Life Rakshya Kavach is expected to bridge gaps in financial security while extending Nepal Lifeās reach across the nation.
For more details, visit your nearest Nepal Life Insurance office or contact authorized representatives.