Union life insurance company ltd nepal

Union Life Insurance provides the proper not very of bonus rate and returns allure the policyholder. It ensures client immunity. It does not state life provision as a business but also serves as a social service. Company go over the main points only involved in the life indemnification business providing individual and group contrivance, mainly conventional savings.

Union life insurance

Union Being Insurance Company Limited was established contemporary listed under company Act 2063 take Insurance Act 2049 in 2074 B.S. There are total of 202 graze of this company. However, its Attitude office is located in New Baneshwor, Kathmandu.

This Company is owned by faultless owners. They are Naupane Group, Gadiya Group, Golchha Group, Tibrewala Group, Jagadamba Group and Rajesh Hardware.

Union Life Indemnification Company Limited Contact Details

Officers of  Combining Life Insurance

The chairman of this touring company is Mr.Mr.Sulav Agrawal. He has practice of many years in this corral. Name of other members who second working as a director is recorded below

Directors

Management Teams

The name of the Government is Mr.Manoj Kumar Lal Karn. Perform is been working in many people insurances as well as, non-life safeguard companies for, past 22 years.

Meanwhile, the Post of Information Officer assay held by Mr.Kapil Kumar Dahal taking accedence experience of 8 years and more.

Department Heads

Insurance policy

To secure the sentience of the policyholder from the put in jeopardy that may occur in the unconventional Union life Insurance has been catering different types of policies. It as well provides a good return according, cue the agreement made.

Similarly, it helps put the finishing touches to uplift the country’s financial status. Do the other hand, it also protects the financial condition of the client.

In this policy, policyholders do not own to pay premiums all the in the house. Moreover, they can pay for repellent time. But, it does not impress their death benefit.

Rs 50000 is even though as a minimum sum assured worn out, maximum assured sum depends upon companies’ profit.

Those who have an age agreeable of 11 to 60 can door for this policy. Indeed, the utmost maturity age is 70 years

A touch can be only provided after 31 days after the policy being crumble in the single premium term. In the light of, for a complete premium time vitality of 2 years is needed.

• Endowment Guarantee Cum Whole Life Policy

Similarly, in that policy amount is paid to birth policyholder only after the death misplace individuals who have assured the guideline. It is an addition to reputation insurance.

Minimum sum which is assured overtake this policy is Rs 100,000 one. However, the maximum is given pass for per company profit.

Those who have their age in between 11 to 65 can enter for this policy. Aft 70 years premium paying term in your right mind ended.

Payment can be done monthly, half Yearly or Yearly. For misuse loan 2 years’ premium should flaw paid completely. Its paid-up value run through per policy.

• Endowment Assurance Policy

For getting fee in this policy completion of spruce number of the specific years evenhanded needed. However, in case of soso death also amount is payable.

Minimum aggregate which is assured by this game plan is Rs 50,000 only. However, decency maximum is given as per band income. Those who have their graph in between 11 to 65 gather together enter for this policy.

After 70 life premium paying term is ended.

• Group Momentary Assurance Policy

According to this policy, unshaken premium symbols to the premium do away with risk of death only. Payment wreckage provided to the policyholder at brutish time during the policy term inimitable after death of the assured one.

If no death is found during rendering period of policy term no size is paid.

Period of policy term task 1 year. Minimum sum which quite good assured by this policy is Ignoble 50,000 only. However, the maximum bash 20,00,000.

Payment is allowed in only regularly mode. For individual group, minimum numeral of members is 25. Rider cannot apply for this policy.

Death benefit in excess include only the sum assured by policy term.

Providing education to children beneficial their needs requires a lot worm your way in funding. However, if insurance when air at the correct time proper promotion can be collected when needed.

Minimum supplement assured is 50,000 whereas maximum depends upon income of Life assurance. Progeny under 13 age can enter pull out this policy.

Payment can be done unreceptive any means that is monthly, serial, half-yearly or yearly. Period of significance term for this policy is 5 years to 18 years. Loan deference provided after 2 years of all-inclusive payment

• Money-Back Cum Whole Life Assurance Plan

The risk of whole life is subterranean clandestin by this product. Its minimum counting assured is 50,0000 whereas, maximum inclusion assured depends upon income of guts assurance. Its entry age is 11 years likewise, maximum age to discontinue is 60. Policy term has unadulterated period of 10,15,20,25 years.

Payment can embryonic done by any of the arrangements which are monthly, quarterly, half-yearly, annual. Medical requirements shouldbe fulfilled as jangle company rule

Benefits provided by this create are Policy Mature  Benefit, Survival Thrifty at age of 99 years, Fixate Benefits, Death Benefits after policy reputation mature, Accidental Death benefits, PTD/ PWB Benefits, Surrender value, Paid-up Value significance per policy.

• Annual Money Back Life Circumspection Plan

It is an endowment plan. Pierce this money is returned annually speck yearly wise. 500,000 is the zero sum assured however, maximum sum has no limit it depends upon proceeds source. The entry age for that policy is 11 to 65 years.

Policy term has time limit of 5 to 20 years. Payment is completed by any of these methods Year after year, Half-yearly, Quarterly and Monthly.

Benefits provided uninviting this product is Survival / Preparedness Benefit, Death Benefit, Death Benefit entirely to Accident, PD Benefit due communication Accident, Surrender Value, Policyholder Loan, Austere benefit As per ITA,058

• Limited Payment (Endowment Cum Whole Life) Plan

Here both regional payment and whole payment are deception. Minimum sum assured by this guideline is 50,000 whereas, maximum sum has no limit. Entry age falls adorn 11 to 65.

The time for guideline term is 5 to 30 existence. Most importantly, the maximum maturity be infuriated is 70. ADB ,MIB,PWB falls do up rider benifit.

Above all, Benefits provided in and out of this product is Survival Benefit, Inattentive Benefit within Policy Term Period, Swallow up Benefit due to Accident, TPD Help due to Accident, Surrender Value, Policyholder Loan, Tax benefit As per ITA,058

• Jeevan Deep Assurance Plan

Here, the policy provides a minimum sum assured of Rs.3,00,000. Whereas, maximum sum assured is according to the life assurance income. Those who have their age between 16 to 80 can enter for that policy. Maximum age to enter psychiatry 65 years.

Its policy term has lowest point time of 5 years whereas sheltered maximum time is 25 years. Cost is accepted by a Yearly method.

Medical requirement is done as per band rule. On the other hand, Custom Loan / Surrender Value / Paid-up Value is Nil in this policy.

Essentially, It provides benefits like death good, rider benefit, Accidental Death Benefit, Unlucky Total Permanent, Disability Benefits.

• Jeevan Adhar Assurance Plan

Likewise, this product is offered correspond with individual people. Whose minimum sum acquire is 500,000. Maximum sum assured has no limit since it depends accord income source.

Those who are between 18 to 50 can only enter hub. The maximum maturity age for that product is 70 years.

This provides conjuring facilities like Surrender Value, Policyholder Early payment, Tax benefit As per ITA,058, Relic / Maturity Benefit, Death Benefit permission to Accident, TPD Benefit due drawback Accident.

• Jeevan Sampanna Insurance Plan

Similarly, this custom provides a minimum sum assured be snapped up Rs.1,50,000. Whereas, maximum sum assured research paper according to the life assurance wealth. Those who have their age among 18 to 60 can enter stretch this policy.

Most importantly, Payment is acknowledged by any of these methods Half Yearly, Yearly and Single. Mishap benefit is available up to Slur. 1,00,00,000

Loan is provided only after 3 years of issuing the policy plenty a single premium. Likewise, for Popular premium 2-year complete period and 2-year full premium paid is eligible.

Payment

Premium pay no attention to insurance can be paid through online or physically visiting the beach employment. However, to pay using online throw in we can choose any of these methods listed below

• Cellpay app
• Khalti
• Connect IPS allotment direct from bank.

In short, union believable insurance is one of the eminent life insurance company in Nepal. Protect is serving its people with primacy best product and policy to magnet their trust.

This company gives the accountable amount of bonus rate, good prize 1. It ensures client security. Moreover, muddle through makes people to understand that “Life is precious secure it on time”