Couple Plan

A couple plan is a type of life insurance policy that provides coverage to two individuals (Husband and Wife). Marriage brings additional responsibilities and additional expenses which could drain your bank account unless you organize your finances carefully. Thus the couple plans are most common among married couples as it covers two individuals within a single plan.


This is a joint life plan for couple introduced by NLIC with a unique feature of providing the life risk coverage to both husband and wife via single policy. In case of death of any one spouse, bonus is payable to the spouse alive and remaining premium is waived. In case of death of survivor before maturity, sum assured with bonus is payable to the nominee. In case of both spouse being alive, S.A. with bonus is paid to the policy holder upon maturity of the policy. ADB/PTD/PWB and CI benefit available. Lone, surrender as well paid up facilities are available.

Features :

Entry Age: 18 to 50 years
Maximum Maturity Age: 65 years
Terms of Policy: 15 to 30 years
Minimum SumAssured: NRs. 50,000
Maximum SumAssured: As Per Income.
Medical Requirement: As per Company Rule.
Payment Mode: Yearly, Half-Yearly and Quarterly basis.
Accidental Benefit: ADB/PWB/PTD Available up to Max. 100,00,000/-.
Loan Facility: Upto 90% of the surrender value after payment of 2nd yearly premium.


1. Discount on mode of payment:

Mode of Payment Discount
Yearly                   Nill
Half Yearly          3% Extra
Quarterly    4% Extra

2. Discount on Sum Assured:

Sum Assured Discount (Per thousand)
Up to Rs.1,50,000/- Nill
Rs.1,51,000/- to Rs.3,00,000/- Rs.1/-
Rs.3,01,000/- to Rs.5,00,000/- Rs.1.5/-
Rs.5,01,000/- & above Rs.2/-

Accidental Benefit : 
Accidental Benefit is available to both the partners on payment of Rs.1/- per thousand. This covers the accidental death risk. If a insured partner dies in accident additional sum equal to insured Amount (Sum Assured) will be paid to the living partner. At present total maximum Accidental Benefit coverage amount is Rs. 100,00,000/-.

Payment on Maturity : 
Insured Amount (Sum Assured) along with Bonus will be paid at the time of maturity.

Payment on Death:

  1. In case of death of one partner before the maturity date, Sum Assured will be paid to the living insured partner. Policy will continue till maturity without paying the remaining premium (installment) by the living partner, and finally Sum Assured along with Bonus will be paid to the living partner at the time of maturity. This plan has the benefit of providing Insured Amount (Sum Assured) two times.
  2. In case of death of both the insured partners before maturity the Insured Amount (Sum Assured) along with Bonus will be paid to the nominee.