KATHMANDU: Kumari Bank Ltd (KBL) has announced an extended term deposit scheme with life insurance facility.
Under the plan, customers will get an opportunity to manage risk through term life insurance besides doubling the term amount, as per a media release.
The deposit amount will be doubled in six years, eight months and nine days in 'Kumari Jeevan Beema 2X Muddati Khata Plus', while the bank will pay the fee for additional life insurance facility equal to the term amount.
In this scheme, customers in the age group of 18 to 50 years can open a term account with a minimum of Rs 50,000.
Under the scheme, term depositors can get life insurance benefits up to a maximum of Rs 10 million.
A version of this article appears in the print on March 16, 2023, of The Himalayan Times.
