Asian Life Insurance brings Janakalyan Laghu Jiwan Bima; life insurance of Rs 1.50 lakh in less than Rs.1 per day now
Asian Life Insurance Limited (ALICL) made public its new life insurance policy “Janakalyan Laghu Jiban Bima” for people with minimal income on Poush 6, 2074 targeting people with minimal savings.
Issuing the press note, the insurance company informed that this is a term life insurance scheme under which the customers can avail the insurance compensation amount of Rs 1.50 lakh even by saving less than Rs. 1 per day as s/he is expected to make payment of Rs. 223 per year as insurance premium.
Main attractions of the policy:
- Compensation amount Rs. 1.5 lakh
- Eligible Age bracket between 16 to 64 years
- Maximum insured age limit: 69 years
- Insurance premium payment window: 5 to 15 years for regular payment and 1 to 15 years for one-time payment
- Insurance compensation of Rs 1.50 lakh as well as funeral charge of Rs 10,000 will be provided to the desired nominee in case of the death of the insured whereas the compensation amount will be provided to the insured in case of his/her serious physical deformities following an accident.
