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Group Term Assurance (Samuhik Myadi Jeevan Beema)

Approval Date:2074/08/07

Group Term Assurance is a yearly renewable life insurance plan designed for employees, members, customers of an organization. This policy requires minimum of 25 people. However, it can also be issued for groups with as few as 10 members by paying an additional premium.

Benefits

  • On Death During the Policy Term: Full sum assured is paid to the beneficiary.
  • On Survival to Maturity: No benefit is payable.

Riders

  • Sun Medicare
Group Term Assurance (Samuhik Myadi Jeevan Beema)

Features

  • Minimum Entry Age: 18 years
  • Maximum Entry Age: 64 years
  • Policy Term: 1 year (Renewable annually)
  • Maximum Age at Maturity: 65 years
  • Premium Payment Mode: Yearly

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