NRB Global Life insurance co. launched this 5 stage scheme to relieve the public of their temporary financial crisis & in hopes of creating a comfortable life. The policy holders is in financial needs due to receiving money during the term of the insurance period such as child’s higher education , marriage expenses, land or flat purchase etc. can provide money in the sector. On the other hand, full- time risk coverage can keep the policy holder in the loop.
The policy holder will receive:
(a) 10% of the basic sum assured at the end of one fifth of the premium payment term.
(b) 15% of the basic sum assured at the end of two fifth of the premium payment term.
(c) 20% of the basic sum assured at the end of three fifth of the premium payment term.
(d) 25% of the basic sum assured at the end of four fifth of the premium payment term.
(e) 30% of the basic sum assured together with accured bonuses on maturity at the end of the premium payment term.
The nominee of the policy holder will receive full sum assured on death within the term of the policy together with bonuses accured up to the date of his/her death.
This plan also provides accident coverage by supplementary plan of Double Indemnity and Accidental Benefit (DIAB), Permanent Disability and Accident Benefit (PDAB), Health Insurance (HI), Waiver Of Premium (WP), Family Income Rider (FIR) or Major Diseases Benefit (MDB).