National Life Insurance launches Bal Amrit 4 Term Insurance Policy

KATHMANDU:The National Life Insurance Company has launched the 'Bal Amrit-4' term insurance policy an upgraded version of the previously popular  Bal Amrit Insurance Policy. 

CEO Suresh Prasad Khatri formally inaugurated the strategy during a ceremony attended by all of the company's province and branch leaders, marketing staff, senior agents, and department heads from the central office, who were linked by Zoom. He stated that he was thrilled to launch the Bal Amrit Term Insurance Policy-4 plan, which had previously been well received by agents and insureds, after additional refinement. He stated that this idea, which is tied to children's bright future, is an excellent business concept.

Regarding the features of this insurance plan, Bibek Sharma, Head of Marketing Department, emphasized that the insured's minimum age to enter the insurance policy is 1 month (30 days) and a maximum of 15 years, while the proposer's age is 20 years and a maximum of 50 years. It is stated that the proposer of this insurance coverage must be a father, mother, or legal guardian. This insurance policy, which may be purchased for a minimum sum assured of Rs 1 lakh and a maximum of Rs 50 lakh depending on income source, is touted to provide risk protection for the proposer as well.

The insurance premium can be paid monthly, quarterly, semi-annually, or yearly. This plan has a maximum insurance coverage.