KATHMANDU: Nepal Life Insurance Company (NLIC) has announced Nepal Life Sunaulo Bhavishya Jeevan Beema Scheme. The company's Deputy Chief Executive Officer Amit Kumar Kayal unveiled the insurance plan amidst a programme held here.

This plan provides savings and protection at the same time at a low premium, as per a press release.

Two types of benefits can be obtained from this life insurance plan which is term advance payment and whole life insurance (passing on profit) with age of the insured from 18 years to 65 years and the minimum insurance fee payment period will be five years to the maximum of 35 years.

The minimum sum assured of this scheme is Rs 25,000 and maximum sum assured can be determined based on the source of income.

A version of this article appears in the print on March 24, 2023, of The Himalayan Times.