Call Us Now

01-5911351

Email address

info@merobeemaa.com

Address

Pingalasthan, Ktm
Brouchure Get Quote

Term Life Insurance

Term life insurance is simply a life insurance. On term life insurance, you pay a premium for a period of time generally between ten and thirty years. If you die during that time a cash benefit is paid to your family (or anyone else you name as your beneficiary) by the the insurance company.

BUY INSURANCE ONLINE

Get insured from the comfort of your home

मेरो बीमा नै किन ?

  • लाइफ तथा ननलाइफ सम्पूर्ण बीमा सम्बन्धी सुविधा एकै ठाउँबाट पाउन । ।
  • सरल तथा सहज ढङ्गबाट पोलिसी लिन ।
  • विभिन्न कम्पनीहरुका बीमा पोलिसीको फरक छुट्याएर राम्रो पोलिसी लिन ।
  • दावी भुक्तानीको सहजताका लागि ।

Term Life

Term life insurance is a simple a life insurance.

What is a Term Plan?

Term Insurance plan is a simple and pure risk cover form of life insurance. It provides financial protection to your family against a fixed premium paid for a specified term. You can get a large amount of term insurance cover (sum assured) at affordable premiums. The nominee receives the term insurance amount in case of death of the policyholder

Who should buy a term plan?

Parents

If you have children or dependent adult family members and are responsible for paying for their needs and upkeep then you must buy a term plan

Young individuals

The premium for term insurance increases with age. So it makes smart sense for young professionals without financial liabilities to buy term plan early – this way they get lower premium rates and the rates will not increase over time

Newly married couples

A term plan can help you create a financial safety net for your growing family so that their dreams are never compromised, even when you are not around

Home loan repayment

In case of an unfortunate incident, the responsibility of paying the outstanding loans should not fall on your loved ones. In case of your unfortunate demise, the death benefit payout from the term plan can be used by your family to repay your loans

FAQ

Term life insurance is simply a life insurance.

While traditional life insurance plans have both a protection and an investment component, term insurance plans are pure protection plans that don’t give any payout on surviving the policy term. However, as compared to traditional life insurance plans, term plans have the advantage of providing large sum assured coverage at much more affordable rates.

Yes, the minimum and maximum age for buying a term plan are 18 and 60 years respectively.

You should get a policy till your retirement age. But financial liabilities can continue beyond retirement too. Our term plan also gives you the option to get a whole life plan till the age of 99 years. It will be cheaper to buy a policy for a longer term now than to purchase another one later.

Our term insurance plan offers a term insurance cover up to Rs2 crore and an additional critical illness benefit (optional) of up to Rs25 lakh with only telemedicals process (subject to underwriting). The same can be completed from the safety of your home. In case you are required to undergo physical medicals, our team will contact you for the same.

The term insurance cover you need depends on your current annual income. We recommend that a term insurance cover equivalent to 10-15 times your annual income is sufficient to provide for a safe future for your family. If budget is a problem, you can go for a monthly premium payment option over a yearly commitment. However, it is important to have a sufficient term insurance cover so that your family's financial security is not comprmised. A term insurance premium calculator will help you in choosing the term insurance cover well suited to your budget