Liberty Micro Life Introduces ‘Guaranteed Growth Plan’ to Promote Financial Security

Kathmandu — Liberty Micro Life Insurance Limited has launched a new insurance product, the ‘Guaranteed Growth Plan’, targeting Nepal’s low and middle-income groups. Designed to support long-term financial planning and savings habits, the policy aims to meet the growing market demand for accessible and reliable insurance solutions.

The Guaranteed Growth Plan is open to individuals aged between 18 and 65, with flexible policy durations ranging from a minimum of eight years to a maximum of twenty-five years. The sum assured starts from Rs. 10,000 and can go up to Rs. 500,000, depending on the policyholder’s choice. Premiums can be paid annually, semi-annually, quarterly, or as a lump sum, providing convenience and flexibility in payment.

One of the defining features of the plan is the guaranteed return based on the term of the policy. Liberty Micro Life has assured that policyholders will receive an additional fixed income annually, which increases with the length of the policy. This guaranteed income will be added to the main sum assured, enhancing the final payout. If the insured passes away during the policy term, the accumulated guaranteed income along with the sum assured will be handed over to the nominee as a lump sum.

The policy also offers added benefits such as the Accidental Death Benefit (ADB) and Total Permanent Disability Benefit (ATPD), available at a minimal additional cost. Moreover, after the completion of three years from the policy’s commencement date, and if all premiums have been duly paid, the policyholder will have the option to either surrender the policy or take a loan of up to 90 percent of the policy’s surrender value, in accordance with the Nepal Insurance Authority’s regulations.

The company has emphasized that the plan is tailored to encourage individuals to save small amounts regularly, eventually providing a lump sum upon maturity. Furthermore, in the unfortunate event of the policyholder’s death while the policy is active, the plan offers financial protection to the family, ensuring continued stability.