- info@gmli.com.np
- Biratnagar(Head Office)
- 021-590902
- Kathmandu(Regional Office)
- 01-5918017/18
Guardian Micro Term Insurance Plan
Guardian Micro Term Insurance Plan is a Non-linked, Non-Participating, Individual Life Term Insurance plan, which offers protection benefits to the life assured. It is offered to the individual lives who takes loans from the banks, finance companies and self-help groups, credit societies etc. It can be offered to the individual life who did not have formal life insurance cover.
Plan Features: Criteria
| Minimum Sum Assured | 5000.00 |
| Maximum Sum Assured | 500000.00 |
| Minimum Policy Term | 1 Yrs |
| Maximum Policy Term | 1 Yrs |
| Minimum Entry Age | 16 Yrs |
| Maximum Entry Age | 65 Yrs |
| Maximum Maturity Age | 66 Yrs |
| Premium Payment Frequency | Yearly |
Death Benefits
On death of the life assured during the policy term, the Sum Assured will be payable to the nominees/legal heirs of the life assured. The policy will be terminated upon such payment.
- With or Without Profits: Without Profits
- Survival Benefits: No survival benefits are payable under this plan
- Paid up Value: Not available
- Surrender Value: Not available
- Policy Loan Provisions: Not available
- Bonus: Not applicable.