Asian Karja Surachha (Term) Life Insurance

Asian Karja Surachha (Term) Life Insurance

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

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