Nepal | January 27, 2020

LIC’s new scheme

• BIZ BRIEFS

Himalayan News Service

KATHMANDU: Life Insurance Corporation (Nepal) has launched ‘Jeevan Bachat’, a non-linked with profits, single premium payment endowment plan which offers the policyholder a combination of protection as well as savings.

The minimum sum assured has been set at Rs 100,000, with no limit to the maximum sum assured, as per a press statement.

Those between 16 years and 65 years of age can sign up for the plan. The policy term is for a period of five to 25 years, with maximum age of the policyholder at maturity has been set at 70 years.


A version of this article appears in print on January 08, 2020 of The Himalayan Times.


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