- info@gmli.com.np
- Biratnagar(Head Office)
- 021-590902
- Kathmandu(Regional Office)
- 01-5918017/18
Guardian Micro Group Plan
Guardian Micro Group Plan is a Traditional Non-Participating Term Micro Insurance Plan. This is a One Year Renewable Group Insurance Plan targeting the Members of Organized Institutions, Micro Finance and Cooperatives by giving protection to the extent of small loans availed by the Members. A Master Policy will be issued to the Group Policyholder which is an Institution covering their Members by way of a Group Policy. Certificate of Insurance will be issued to the Members covered under this Plan. The Minimum Group Size is 20.
Policy Benefits:
- Death Benefit:
An amount equal to Base Sum Assured is payable in case of death of the Member during the Policy Term - Accidental Death Benefit:
An additional amount equal to Base Sum Assured is payable in case of death of the Member during the Policy Term due to Accident - Accidental Total Permanent Disability Benefit:
An amount equal to Base Sum Assured is payable in case of Disability of the Member arising from Accident during the Policy Term
The Insurance Cover of the Member terminates once if any one of the above Policy Benefits is settled
If Spouse Cover is taken by the Insured Member, an amount equal to Base Sum Assured is payable in case of death of the Spouse during the Policy Term and the Spouse Cover terminates
There are no Survival, Surrender and Maturity Benefits under this Plan. At the end of one year, the Insurance coverage can be renewed for another one year by payment of Renewal Premium