| Feature | Details |
|---|---|
| Basic Sum Assured | Minimum: NRs 25,000 Maximum: NRs 500,000 |
| Total Sum Assured Limit | As per Micro Insurance Guidelines, total sum assured including riders should not exceed NRs 500,000 |
| Entry Age | Minimum 18 years Maximum 60 years |
| Policy Term | Minimum 1 year Maximum 15 years |
| Maximum Maturity Age | 65 years |
| Mode of Premium Payment | Yearly, Half-yearly |
| Premium Payment Term | Same as policy term |
Samriddhi Kawach Micro Term Life is a Non-linked, Non-Participating Individual Life Term Insurance plan that offers protection benefits to the life assured. It is designed for individuals taking loans from banks, finance companies, self-help groups, credit societies, and for those without formal life insurance coverage.
On death of the life assured during the policy term, the Sum Assured is payable to the nominee or legal heirs. The policy terminates after the payment.
No survival or maturity benefits are payable under this plan.
