NIA Product Code
NIA/LI002/2068/069/TEP/0011
NIA Approved Date
2068-05-13
This is single premium plan designed to cover life risk for 1 to 6 years term and is compulsory for people going overseas for job as per Overseas Employment Act 2064. This minimum sum assured is Rs.5 Lac payable at death of the assured and also covers specified Disability Risk and Body transportation cost not exceeding Rs.1 Lac.
Policy Benefits:
- Full sum assured amount will be paid on death of Life assured during term of the policy
- If insured dies in foreign country and proof of body repatriation is provided, insurer will pay Rs.100,000/- or body repatriation expenses occurred ,whichever is minimum
- Benefit payable in the event of accident or sickness resulting in:
| Permanent sickness | 100% of Sum Assured |
| Loss of wrist or hands above wrist; loss of ankle or legs above ankle or permanent loss of both eye sight | 100% of Sum Assured |
| Loss of wrist or two hands above wrist; loss of ankle or two legs above ankle | 100% of Sum Assured |
| Loss of wrist or one hand above wrist; loss of ankle or one leg above ankle & permanent loss of one eye sight | 100% of Sum Assured |
| Permanent loss of ear hearing | 50% of Sum Assured |
| Loss of wrist or one hand above wrist; loss of ankle or one leg above ankle | 50% of Sum Assured |
| Permanent loss of sight of one eye | 50% of Sum Assured |
