3rd March 2025, Kathmandu
Asian Life Insurance Company Limited has announced a new initiative to help policyholders with overdue payments. Starting from 3 March 2025, the company will offer up to a 50% interest discount on policy renewals for those whose payments have lapsed for over 6 months. The discount will be available until 1 April 2025.
Asian Life Insurance Nepal Discount
Discount Details:
Asian Life is offering varying interest discounts based on the remaining policy duration.
50% Discount for Policies with Over 5 Years Remaining: If your policy has more than 5 years left, you can get a 50% discount on interest charges.
25% Discount for Policies with 2-5 Years Remaining: Policies with a maturity period between 2 and 5 years will be eligible for a 25% discount.
No Discount for Policies with Less Than 2 Years Remaining: Unfortunately, policies with less than 2 years left will not receive any discount.
Conditions for Renewal Discounts:
The offer applies only to policies where the due payment has been delayed by more than 6 months.
Policyholders must renew their policies between 3 March 2025 and 1 April 2025 to avail themselves of the discount.
Those who have already benefited from this interest discount will not be eligible for a second discount.
Purpose Behind the Offer:
Asian Life Insurance introduced this offer to ease the burden on policyholders facing overdue payments. The company wants to provide financial relief by reducing interest charges and helping customers renew their policies at more affordable rates.
Clear Terms:
The offer aims to support policyholders whose premiums have been unpaid for an extended period. The company made it clear that it would only provide this discount once per policyholder. Those who took advantage of the discount previously will not qualify for the offer again.
Encouraging Timely Renewals:
Asian Life Insurance urges policyholders to act quickly and renew their expired policies within the given time frame. This will help them avoid further penalties or interest charges.
This initiative aligns with the company’s goal of making insurance services more accessible and affordable for its customers. Policyholders are encouraged to contact Asian Life Insurance to take advantage of the discount and renew their policies before the offer period ends.
For more: Asian Life Insurance Nepal Discount