Asian Karja Surachha

Features of Asian Karja Surachha (Term) Life Insurance

Credit Term Insurance

• This plan will not participate in profit.
• Entry age: 18 years to 64 years
• Maximum age at maturity: 65 years
• Premium Payment Mode: Single
• Policy Term: 1 year to 15 years
• Sum Assured: Rs. 10 thousand to Rs. 20 lakh
• The plan is suitable for the loanee of any financial institute. This plan provides risk coverage against the death of a loanee.

Terms & Conditions of Payment:

A) Within maturity period:

1. In case 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.
2. In case of accidental death, Double of Sum Assured will be paid.
3. In case of permanent disability due to accident:
   • Loss of vision of both eyes (Complete blindness).
   • Loss of both hands above wrist.
   • Loss of both legs above ankle.
   • Loss of one hand and loss of one leg above ankle.
4. In case of partial disability 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 the above conditions, no other payment will be made.

B) No payment will be made in case of survival of life insured till maturity.

C) Surrender value and loan: No surrender value or loan will be available under this plan.