नेपाल लाइफ इन्स्योरेन्सको विलम्ब शुल्कमा छुट सम्बन्धी सूचनाNepal Life Insurance Notice Regarding Late Fee Waiver

Regarding Late Fee Waiver

Published Date: 2083/07/10

In this regard, we hereby inform that insureds of this company whose insurance policies have lapsed for more than 180 days due to non-payment of renewal insurance premiums, if they pay the renewal premium and reinstate the policy between dates 2083/07/10 to 2083/08/24, a waiver on the late fee applicable during policy renewal will be provided as detailed below.

Details

Particulars Late Fee Waiver

For policies lapsed up to 3 years 30 percent

For policies lapsed over 3 years up to 5 years 25 percent

For policies lapsed over 5 years 20 percent

Conditions

1. If insurance policies included in this scheme are surrendered within 1 year from the date of reinstatement, the entire amount of the late fee waiver facility provided will be deducted.

2. Insureds who have already received a late fee waiver once will not be granted a waiver again during the entire insurance policy tenure.

3. The insurance policy must have been lapsed for more than 180 days.