Kathmandu. KATHMANDU: Nepal Life Insurance Company Limited in collaboration with digital payment service provider eSewa has launched a term term life insurance scheme titled “Super Term Life Insurance”.

KATHMANDU: Nepal Life Insurance Company Limited has introduced ‘Super Term Life Insurance’ to reduce the financial risk that may occur in the family due to unforeseen events. The main objective of this scheme is to provide long-term financial security to the family in the absence of the insured person.

Designed considering the uncertainties of life and increasing financial liability, this plan will provide high insurance cover at a lower premium rate. This scheme is expected to be very useful especially for those with limited income and want to take life insurance for the first time.

Mr. Praveen Raman Parajuli, Chief Executive Officer of the company said, “The super term life insurance scheme will provide adequate financial support to the family in the time of crisis. The scheme is available at an easy, affordable and affordable premium with the goal of bringing life insurance to all sections of the citizens. He said that this plan will be effective in securing the future of the family from unexpected risks in life.

KATHMANDU: Nepal Life Insurance has been continuously offering innovative and customer-friendly insurance policies aimed at enhancing insurance literacy and bringing the general public under the purview of financial security. ‘Super Term Life Insurance’ has also been taken as an important step in this commitment. This scheme will ensure the financial stability of the family and motivate the citizens to make a long term financial plan.

The premium of this one-year term life insurance plan starts from Rs 725 per annum and the insured can get life insurance cover ranging from Rs 5 lakh to Rs 20 lakh and citizens between 18 years to 60 years can take this plan.

Under the ‘super term life insurance’, the insurance cover will be provided in case of accidental death or accidental death of the policyholder. The scheme is expected to provide financial support for daily living, debt load, and future necessities, keeping the family financially secure in the event of any unforeseen risk. Customers can easily purchase this insurance plan through eSewa app and the policy will be received instantly via email.