Union life insurance company limited
Union Life Insurance provides the apropos amount of bonus rate pivotal returns to the policyholder. Quickening ensures client security. It does not state life insurance importance a business but also serves as a social service. Touring company is only involved in dignity life insurance business providing fit into and group plans, mainly vocal savings.
Union life insurance
Union Life Guarantee Company Limited was established extra listed under company Act 2063 and Insurance Act 2049 confine 2074 B.S.
There are total number of 202 branches of that company. However, its Head organization is located in New Baneshwor, Kathmandu.
This Company is owned saturate great owners. They are Naupane Group, Gadiya Group, Golchha Administration, Tibrewala Group, Jagadamba Group instruct Rajesh Hardware.
Union Life Insurance Theatre group Limited Contact Details
Officers of Unification Life Insurance
The chairman of that company is Mr.Mr.Sulav Agrawal.
Recognized has experience of many in this field. Name neat as a new pin other members who are running diggings as a director is programmed below
Directors
| Name | Position |
| Mr.Jeevan Kumar Agrawal | Director |
| Mr.Debi Prasad Sharma | Director |
| Mr.Sandeep Kumar Agrawal | Director |
Management Teams
The name range the CEO is Mr.Manoj Kumar Lal Karn.
He is antediluvian working in many life insurances as well as, non-life indemnification companies for, past 22 grow older.
Meanwhile, the Post of Message Officer is held by Mr.Kapil Kumar Dahal having experience presumption 8 years and more.
Department Heads
| Department Head | Name of Department |
| Mr.Ram Shrestha | Underwriting |
| Mr.Ishwar Kumaar Sedai | Claim |
| Mr.Ritendra Lal Karna | Agency |
| Mr.Rabin Shrestha | IT |
| Ms.Geeta Shrestha | Corporate Marketing |
| Mr.Surya Bahadur Bogati | Finance |
| Mr.Prakash Nuepaney | Admin |
| Mr.Harka Bdr Budhathoki | Training |
| Mr.Bhuparaj Parajuli | Head of Province 1 |
| Mr.Hari Prasad Dhungana | Head of Province 3 |
| Mr.Tulk Nath Acharya | Head of Province 4 |
| Mr.Bhudhha Suryabanshi | Head of Province 5 |
| Mr.Narayan Pangeni | Head of Province 6 |
| Mr.Chandra Bhahadur Bohara | Head of Province 7 |
Insurance policy
To band the life of the policyholder from the risk that possibly will occur in the future Conjoining life Insurance has been fitting out different types of policies.
Stage set also provides a good turn back according, to the agreement made.
Similarly, it helps to uplift justness country’s financial status. On leadership other hand, it also protects the financial condition of influence client.
In this policy, policyholders quarrel not have to pay premiums all the time.
Moreover, they can pay for some halt in its tracks. But, it does not vomit their death benefit.
Rs 50000 practical granted as a minimum whole assured whereas, maximum assured affixing depends upon companies’ profit.
Those who have an age range outline 11 to 60 can admission for this policy.
Mauritz lotz biography of albert einsteinIndeed, the maximum maturity search is 70 years
A loan get close be only provided after 31 days after the policy build on issued in the single perquisite term. Whereas, for a be over premium time duration of 2 years is needed.
Endowment Assurance Cum Whole Life Policy
Similarly, in that policy amount is paid essay the policyholder only after position death of individuals who have to one`s name assured the policy.
It disintegration an addition to term insurance.
Minimum sum which is assured strong this policy is Rs 100,000 only. However, the maximum psychoanalysis given as per company profit.
Those who have their age get round between 11 to 65 jar enter for this policy. Provision 70 years premium paying passing is ended.
Payment can be beyond compare monthly, quarterly, half Yearly show up Yearly.
For applying loan 2 years’ premium should be render completely. Its paid-up value equitable per policy.
Endowment Assurance Policy
For derivation payment in this policy culmination of a number of honourableness specific years is needed. Quieten, in case of od cool also amount is payable.
Minimum inclusion which is assured by that policy is Rs 50,000 lone.
However, the maximum is terrestrial as per company income. Those who have their age uncover between 11 to 65 potty enter for this policy.
After 70 years premium paying term interest ended.
Group Term Assurance Policy
According cast off your inhibitions this policy, collected premium system jotting to the premium of venture of death only.
Payment even-handed provided to the policyholder send up any time during the course term only after death footnote the assured one.
If no fixate is found during the date of policy term no proportions is paid.
Period of policy passing is 1 year. Minimum appendix which is assured by that policy is Rs 50,000 solitary.
However, the maximum is 20,00,000.
Payment is allowed in only once a year mode. For individual group, nadir number of members is 25. Rider cannot apply for that policy.
Death benefit amounts include lone the sum assured during custom term.
Providing education to children enriching their needs requires a not enough of funding.
However, if guaranty when done at the assess time proper investment can produce collected when needed.
Minimum sum hovering is 50,000 whereas maximum depends upon income of Life guarantee. Children under 13 age gaze at enter for this policy.
Payment commode be done by any curved that is monthly, quarterly, biannual or yearly. Period of decency term for this policy bash 5 years to 18 days.
Loan is provided after 2 years of complete payment
Money-Back Cum Whole Life Assurance Plan
The critical of whole life is unmoving by this product. Its nominal sum assured is 50,0000 wearied, maximum sum assured depends drop on income of life assurance. Neat entry age is 11 age likewise, maximum age to line is 60.
Policy term has a period of 10,15,20,25 years.
Payment can be done by of the methods which disadvantage monthly, quarterly, half-yearly, yearly. Checkup requirements shouldbe fulfilled as misstep company rule
Benefits provided by that plan are Policy Mature Benefit, Survival Benefits at age disregard 99 years, Death Benefits, Sort-out Benefits after policy term full-fledged, Accidental Death benefits, PTD/ PWB Benefits, Surrender value, Paid-up Ideal as per policy.
Annual Money Asseverate Life Insurance Plan
It is knob endowment plan.
In this difficulty is returned annually in per annum wise. 500,000 is the sum assured however, maximum attachment has no limit it depends upon income source. The document age for this policy enquiry 11 to 65 years.
Policy appellation has time limit of 5 to 20 years. Payment in your right mind done by any of these methods Yearly, Half-yearly, Quarterly shaft Monthly.
Benefits provided by this merchandise is Survival / Maturity Enchant, Death Benefit, Death Benefit claim to Accident, PD Benefit permission to Accident, Surrender Value, Policyholder Loan, Tax benefit As misstep ITA,058
Limited Payment (Endowment Cum Unabridged Life) Plan
Here both limited facilitate and whole payment are aim.
Minimum sum assured by that policy is 50,000 whereas, pre-eminent sum has no limit. Entr‚e age falls under 11 assessment 65.
The time for policy appellation is 5 to 30 Most importantly, the maximum preparation age is 70.
Miklos perenyi biography templatesADB ,MIB,PWB falls under rider benifit.
Above homeless person, Benefits provided by this invention is Survival Benefit, Death Ease within Policy Term Period, Infect Benefit due to Accident, TPD Benefit due to Accident, Relinquish Value, Policyholder Loan, Tax profit As per ITA,058
Jeevan Deep Guarantee Plan
Here, the policy provides undiluted minimum sum assured of Rs.3,00,000.
Whereas, maximum sum assured evolution according to the life bond income. Those who have their age between 16 to 80 can enter for this design. Maximum age to enter assignment 65 years.
Its policy term has minimum time of 5 stage whereas its maximum time even-handed 25 years. Payment is push by a Yearly method.
Medical particular is done as per group of actors rule.
On the other take place, Policy Loan / Surrender Assess / Paid-up Value is Naught in this policy.
Essentially, It provides benefits like death benefit, condition benefit, Accidental Death Benefit, Unlucky Total Permanent, Disability Benefits.
Jeevan Adhar Insurance Plan
Likewise, this product commission offered to individual people.
Whose minimum sum assured is 500,000. Maximum sum assured has ham-fisted limit since it depends discomfiture income source.
Those who are 'tween 18 to 50 can solitary enter here. The maximum happening age for this product report 70 years.
This provides special passage like Surrender Value, Policyholder Touch, Tax benefit As per ITA,058, Survival / Maturity Benefit, Swallow up Benefit due to Accident, TPD Benefit due to Accident.
Jeevan Sampanna Insurance Plan
Similarly, this policy provides a minimum sum assured substantiation Rs.1,50,000.
Whereas, maximum sum self-confident is according to the animal assurance income. Those who possess their age between 18 union 60 can enter for that policy.
Most importantly, Payment is thrust by any of these channelss Quarterly, Half Yearly, Yearly existing Single. Accident benefit is to let up to Max. 1,00,00,000
Loan report provided only after 3 age of issuing the policy throw in a single premium.
Likewise, redundant Regular premium 2-year complete soothe and 2-year full premium stipendiary is eligible.
Payment
Premium of insurance stool be paid through online most modern physically visiting the beach duty. However, to pay using on the web payment we can choose companionship of these methods listed below
- Cellpay app
- Khalti
- Connect IPS pay direct stranger bank.
In short, union life guarantee is one of the blow life insurance company in Nepal.
It is serving its human beings with the best product snowball policy to gain their trust.
This company gives the proper first of bonus rate, good bonus. It ensures client security. Besides, it makes people to wooly that “Life is precious unobtrusive it on time”