Nepal Life Insurance Introduces 'Rakshya Kavach Term Life Insurance Plan'

Nepal Life Insurance has launched the 'Nepal Life Rakshya Kavach Term Life Insurance Plan', offering maximum financial protection at minimal premiums. Unveiled by CEO Praveen Raman Parajuli on December 18, 2024, the plan provides coverage ranging from Rs. 5 lakhs to Rs. 1 crore for individuals aged 18 to 59, with policy terms from 1 to 35 years. In case of the insured’s demise during the term, the insured amount is paid, and the policy terminates. Optional riders like ADB, ADB/PTD/PWB are available for enhanced benefits.

The plan aims to ensure economic security for families, addressing today’s insurance needs. It can be availed either as a standalone policy or as an add-on to six existing plans, allowing significant risk coverage at an affordable cost. National Sales Head Umapati Pokharel emphasized its flexibility, while Deputy CEO Amit Kumar Kayal highlighted its focus on extending insurance accessibility across all income groups, enhancing Nepal Life’s portfolio and customer reach.

Training Department Head Rajesh Basnet provided a detailed presentation on the plan’s features and its integration with other savings and whole-life policies for added benefits. Nepal Life believes this initiative will cater to modern financial security needs, ensuring affordability and comprehensive protection while setting a new benchmark in Nepal's insurance sector.