Liberty Term Life Insurance

In today’s fast-moving world, uncertainties are part of life, but financial insecurity doesn’t have to be. Term life insurance is one of the simplest and most effective ways to ensure that your loved ones remain financially protected, even in your absence.

To make insurance more accessible, eSewa brings you affordable and easy-to-purchase term life insurance plans directly through the app. In partnership with Liberty Micro Life Insurance Ltd., these plans are designed to offer reliable coverage with minimal hassle, so you can focus on living life confidently.

Liberty Micro Term Life Insurance  

Key Features: 

1. Age Eligibility: 18 to 50 years 
2. Premium: Rs. 1,000 
3. Policy Period: 1 year 
4. Coverage: Rs. 5,00,000
     - Life Insurance Coverage - Rs. 4,80,000 
     - Accidental Hospitalization Coverage - Rs. 20,000 

Terms and Conditions

General terms and conditions

1. The Insured must be in good health and free from any physical or mental impairment at the time of purchasing the policy.
2. The insured understand and agree that this insurance shall not cover death arising from:
     - Flying in an aircraft except as a fare-paying passenger.
     - War, riot, rebellion, or invasion.
     - Breaking any civil military, or prevailing law.
3. The insured confirms that all the information provided is true, correct, and complete.

Exclusions

• Death resulting directly or indirectly from suicide (Whether sane or insane at the time) within a year from risk commencement date are not eligible for claims.
• Death due to any type of murder by the legal heir(s) or the life assured is not eligible for the payment of death claim.

Exclusions for Accidental Medical Reimbursement

The benefits under this rider shall be void and the company will not pay any reimbursement by virtue of this rider in case of accidental bodily injury met with:

• Through suicide, attempted suicide or self-inflicted injury or illness.
• While under the influence of drugs or alcohol or liquor.
• Arising or committing from any breach of law with criminal intent.
• Any injury/disablement directly or indirectly arising out or contributed to any pre-existing conditions.

To be applied for woman only

• If the insured is pregnant for less than six months, then she must submit the medical examination report from Gynaecologist declaring she and her baby status are healthy at the time of purchasing the policy.
• If the insured is pregnant for six or more months, then she is not eligible to purchase the policy.

Death Benefit

On the death of the life assured (member of the group scheme) during the policy term, sum assured is payable to the master policy holder who in turn pays the benefit amount to the nominee/beneficiary.

Accidental Medical Reimbursement Benefit

During the policy term, if the member of the group scheme (life assured) is injured due to an accident and undergoes medical treatment, then medical/ treatment expense will be paid up to the amount of 20% of the base plan sum assured subject to maximum of Rs.20,000 or actual bill amount, whichever is lower.