Salient Features :

• • Minimum age at entry: 18 Years
  • Maximum age at entry: 64 Years
  • Maximum Policy Maturity Age: 65 Years
  • Policy Term: 1 to 15 Years
  • Minimum Sum Assured: Rs. 10,000
  • Maximum Sum Assured: Rs. 20,00,000
  • Premium Paying Mode: Single

Terms of Payment :

• • a. Sum Assured will be paid incase of death of Life Insured within policy term.
  • b. No amount will be paid incase of survival of Life Insured till the date of maturity.

Surrender Value and Loan :
No surrender Value or Loan will be provided against this policy. Features of Asian Karja Surachha (Term) Life Insurance

• 7. The plan is suitable for the loanee of any financial institute. This plan provides risk coverage against the death of a loanee. It helps the financial institute (bank, finance, microfinance, cooperative, hire purchase company) to recover loan without the sale of collateral.
• 8. Terms & Conditions of payment:
• A) Within maturity period:
• i) Incase of natural death, sum assured and cremation expenses will be paid:
  “Cremation Expenses” either 25 percent of Sum Assured or 30 percent whichever is lower will be paid.
• ii) Incase of accidental death, Double of Sum Assured will be paid.
• iii) Incase of permanent disability due to accident:
• Loss of vision of both eyes(Complete blindness),
• Loss of both hand above wrist,
• Loss of both leg above ankle,
• Loss of one hand and loss of one leg above ankle
• iv) Incase of partial disability as mentioned below due to accident 50 percent of Sum Assured will be paid:
• Loss of one hand above wrist
• Loss of one leg above ankle
• Loss of one eye sight.
• Loss of speech or hearing.
• After the claim payment on any one of above conditions, no other payment will be made.
• B) No payment will be made incase of survival of life insured till maturity.
• C) Surrender value and loan: No surrender value or loan will be available under this plan.
• First policy issued date: 2077/07/06