Dirghayu Bachat Laghu Beema Yojana

This is a non-linked, non-participating, limited and single premium Micro Endowment Insurance plan, which provides savings and insurance cover to the life assured. This is specially designed to cover individual life who did not have formal life insurance cover and savings arrangements particularly in the micro finance sector. The description of the benefits is given below.

Plan Features: Criteria

Minimum Sum Assured	NRs. 10,000 /-
Maximum Sum Assured	NRs. 500,000 /-
Minimum Policy Term	12
Maximum Policy Term	16
Minimum Entry Age	18 Yrs
Maximum Entry Age	55 Yrs
Maximum Maturity Age	70 Yrs
Mode of Premium Payment	Single, Half-yearly & Yearly

Basic Benefits:

On survival to the end of policy term, the following benefit will be payable to the life assured:
For 12-year policy term - 110% of Sum Assured plus Accrued Guaranteed Additions.
For 16-year policy term - 120% of Sum Assured plus Accrued Guaranteed Additions.

Guaranteed Additions:

The following guaranteed addition is applicable under this plan.
For single premium option – NPR 40 per 1,000 Sum Assured per annum starting from the first policy year till the end of policy term.
For other limited premium option – NPR 50 per 1,000 Sum Assured per annum starting from the first policy year till the end of policy term.

Death Benefits:

On death of the life assured during the policy term, sum assured plus accrued guaranteed addition is payable to the nominee/beneficiary.

Accidental Benefit Rider:

ABR provides medical/treatment expense reimbursement in the event of an injury due to accident and a life cover protection in the event of death due to an accident of the life assured.

Accidental Death Benefit:

During the policy term, on death of the life assured due to an accident (ie due to external cause), rider sum assured is payable to the nominee/beneficiary.

The policy terminates upon such payments.

Accidental Total and Permanent Disability Benefit Rider:

In the event of total and permanent disability of the life assured due to any cause, within six months of the date of the accident, following benefits will be paid to the policyholder:

Loss of both hands/ both feet – 100% of Sum Assured
Complete and irrecoverable loss of sight in both eyes – 100% of Sum Assured
Loss of one hand or one foot together with complete and irrecoverable loss of sight in one eye – 100% of Sum Assured
Loss of one hand/foot – 50% of Sum Assured
Complete and irrecoverable loss of hearing in both ears – 50% of Sum Assured
Complete and irrecoverable loss of sight in one eye – 50% of Sum Assured

The rider benefit will terminate upon such payment.

For more details;

Guardian Micro Life Insurance
Munal Path, Biratnagar Phone no. 021-590902
Sano Gaucharan, Kathmandu Phone no. 01-5918017 / 18
Email: info@gmli.com.np