Decision to Suspend the Single Insurance Policy of Nepal Life’s “Sunaulo Bhabisya Life Insurance”, Whereas Term Policy Will Continue

Kathmandu : Nepal Life Insurance Company has decided to postpone the insurance policy to be issued under the single insurance fee under the “Sunaulo Bhabisya Life Insurance Policy” from the 17th of November, 2023 A.D. The company said that the term insurance policies under the same insurance policy are continuing.

According to the circular issued by Nepal Life on the 29th of October, it has been decided to suspend the system (single premium) which can be insured by paying the advance insurance fee at the beginning of the term under Sunaulo Bhabisya Life Insurance with effect from the 17th of November.

According to the company, such insurance policies will not be issued with a lump sum insurance fee of the total sum assured under policy code No. 18 from the coming 17th of November. The new system will not affect the insured who pay insurance premiums annually or monthly.