FAQ

Choosing the right insurance plan starts with understanding your personal needs, financial goals, and level of risk. Consider factors such as your income, family responsibilities, existing financial commitments.

Group policy is single Insurance policy purchased by a company for its specified staff.

National Life Insurance Company Limited (formerly known as National Life & General Insurance Company Limited) was established in 1988 under the Nepal Companies Act, 1964 and Insurance Act of Nepal, 1968 with the main objective of meeting the growing insurance needs of the country

A group insurance policy is a policy purchased by a company for its designated employees or members.

Life insurance is a contract that guarantees the payment of a specified amount of monetary benefits at the end of a specified period or on the death of the life insured. Different life insurance policies have different characteristics.

Life insurance is generally done with the aim of providing the following benefits. Financial security in case of death or physical disability

The company is offering various traditional with profit endowment/anticipated policies like Jeevan Amrit, Sabhadhik Amrit, Amrit Barsha etc. It is also offering term policies, pension plans, micro insurance products etc

The company has been providing anticipatory insurance policies with various traditional profits such as Jeevan Amrit, Sabhadhi Amrit, Amrit Varsh, etc. and has also been providing term insurance policies, pension plans, micro insurance products, etc.

Please browse through our insurance section of our website and select the plan that suits your needs. If there is any confusion, please contact any of our branch offices.

The eligibility criteria for each plan we provide might be different. Please visit our product link to find details. Entry age, medical conditions, source of income among others are considered for eligibility.

The eligibility criteria may be different for each scheme we offer. Please visit our product link to find details. Entry age, medical condition, source of income are considered for eligibility.

Completed policy proposal form, medical report and proof of date of birth are minimum required documents. The other documents may be needed depending on type of insurance, sum insured etc.

Completed insurance policy offer form, medical report and date of birth proof are the minimum required documents. Other documents may be required depending on the type of insurance, sum insured, etc.

A group policy generally covers until you are employed. The cover may also be limited. After leaving company you might not have coverage. However, personal life policy assures adequate coverage regardless of your employment and may provide coverage after retirement.

National Life Insurance Co. Ltd. (formerly known as National Life & General Insurance Co. Ltd.) was incorporated in 1988 AD under Nepal Company Act 1964 and the Insurance Act 1968 of Nepal with prime objective to meet growing insurance requirement of the country.

A group insurance policy is usually covered unless you are employed. Cover may also be limited. You may not have coverage after leaving the company. However, personal life insurance assures adequate coverage regardless of your employment and can provide coverage after retirement.

They are two separate covers and you can get both benefits.

They are two different covers and you can get both benefits.

There are great advantages, purchasing a policy for your child. Insurance premium increases with age. Therefore it will be beneficial to purchase an insurance policy at low premiums for a long period of time. This will prepare them for more financially secure future.

This is a person(s)/party(ies) designated to receive life insurance or annuity proceeds upon the death of the insured. The beneficiary is named when a policy is taken out and can be changed at the request of the policy owner.

It is a person(s)/party(s) designated to receive life insurance or annuity on the death of the insured. When the policy is taken, the beneficiary's name is kept and can be changed at the request of the policy owner.

Nomination facilitates speedy settlement of claim in event of unfortunate death of assured. Name of the nominee should be clearly mentioned in the Proposal Form. In case of any changes, please ensure to update new Nominee's Name in our records. Any close relative or any one you choose can be selected as nominee.

Enrollment facilitates faster settlement of claims in the event of an insurer's unfortunate death. The name of the nominee should be clearly mentioned in the proposal form. If there are any changes, please be sure to update the name of the new nominee in our records. Any close relative or anyone you choose can be selected as a nominee.

We have offices and personal advisers (agents) all over Nepal. Please click here to find closest to your location.

We have offices and personal advisors (agents) all over Nepal. Please click here to find one closer to your location. (https://nationallife.com.np/branches)

Our branch office provides services related to premium collection, issuance of policies, etc. You can pay the premium at any branch of the company.

We provide you with a receipt of payment. We also send text message with acknowledgement of payment to all policyholders who provide us their mobile number.

We will provide you with a receipt of payment. We also send us an SMS message with approval of payment to all the policyholders who provide us with their mobile number.

Policies lapse if premium is not paid within policy time. In such cases, policies may earn paid up value under given circimstances but shall not have other benefits like death claims etc.

If the premium is not paid within the term of the policy, the policies will lapse. In such cases, the insured may earn the value paid in the given circumstances but will not have other benefits such as death claims, etc.

For reviving lapsed policies within 3 Years of lapse date the person will have to show he is medically fit to continue the policy. He will also have to pay interest charges. The company may also demand suitable documents to ensure that policy can be revived.

In order to revive the erring policy within 3 years of the expiry date, the individual will have to show that he or she is medically fit to continue the policy. He will also have to pay interest. The company may also ask for appropriate documentation to ensure that the policy can be revived.

No, there is not much difference. However an agent can provide after sales services to a client.

No, it's not much different. However, an agent can provide after-sales services to the customer.

No, sum assured cannot be changed. Howeveradditional policy can be purchased after fulfilling specified criteria.

No, the insurance amount cannot be changed. However, additional insurance policies can be purchased only after meeting the specified criteria.

Bonus is the profit earned by the insurance company while operating an insurance company. It is paid in the event of the death of the insured or the maturity of the policy, whichever occurs earlier, in the event of the benefit insured.

In case a policy is lost, you must immediately apply for duplicate copy. You will have to pay necessary charge for duplicate policy being issued. Since policy document are crucial legal agreement, it is advised that they be preserved with utmost care.

If the insurance policy is lost, you should apply for a duplicate copy immediately. You will have to pay the required fee to issue a duplicate insurance policy. Since insurance documents are an important legal contract, it is advisable to protect them with utmost care.

You will have to submit an application in one of our branches with necessary details.

You will need to submit an application to one of our branches with the required details.

The policyholder should apply for maturity claim, among others, with original policy, last premium receipt, signed claim discharge voucher etc. For claim death, among others, death certificate, relationship certificate, death registration certificate etc are needed. You may contact any of our branches for full details.

The insured must apply for maturity claim with, among other things, the original insurance policy, the final premium receipt, the signed claim discharge voucher, etc. For claimed death, death certificate, relationship certificate, death registration certificate, etc. are required. You can contact any of our branches for complete details.

No, a policy once issued cannot be changed.

No, an insurance policy once issued cannot be changed.

No, premium will not be refunded but if the policy had run for a minimum of two years, surrender value as specified may be received.

No, the premium will not be refunded but if the policy was in place for at least two years, the surrender value may be received as prescribed.

A policyholder can receive loan against a policy which has earned surrender value. Surrender Value is calculated as per method specified by Beema Samiti.

Life Insurance is an agreement that guarantees payment of a stated amount of monetary benefits at the end of a specified term or on the death of the life insured. Different life policies have different features.

This is a product .

Choosing the right insurance plan starts with understanding your personal needs, financial goals, and level of risk. Consider factors such as your income, family responsibilities, existing financial commitments.