eSewa and Nepal Life Launch Digital “Super Term Life Insurance” Plan for Family Financial Security
15th December 2025, Kathmandu
eSewa, a leading digital payment service provider, has forged a significant partnership with Nepal Life Insurance Company to introduce the innovative Super Term Life Insurance plan. This collaborative venture leverages digital technology to make essential financial protection widely accessible across Nepal.
Super Term Life Insurance
The scheme has been strategically introduced with the core objective of substantially reducing the financial burden that families might face following unexpected risks, untimely death, or other unforeseen catastrophic events affecting the insured member.
This new product marks a crucial step in the ongoing digitalization of Nepal’s financial and insurance sectors, providing a modern, efficient solution for risk management that is easily integrated into the consumer’s daily digital life. The fully digital nature of the plan is intended to remove traditional barriers to insurance access.
Features and Accessibility of the Super Term Life Plan
The Super Term Life Insurance plan is defined by its simplicity, affordability, and comprehensive coverage, making it an attractive option for digital-savvy consumers seeking immediate financial protection.
Digital Process: The entire purchase process for this life insurance plan is fully digital. It has been specifically designed to be simple, fast, and completely hassle free, contrasting sharply with the often lengthy and paper-intensive procedures associated with traditional insurance policies. This ease of acquisition is expected to boost insurance penetration among the younger demographic.
Term and Eligibility: This policy is a one-year term life insurance plan, meaning the coverage is valid for a period of twelve months and must be renewed annually. It is available to citizens across a wide age range, specifically those aged 18 to 60 years, ensuring that a large segment of the working population can access the protection.
Affordable Premiums: The annual premium structure is highly accessible, starting at just 725 Nepalese Rupees. This low entry price point makes critical life insurance protection affordable for a broader base of consumers, aligning with the national goal of increasing financial inclusion.
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Coverage Range: Insured individuals can secure a substantial level of life insurance coverage, ranging from a minimum of 500,000 Nepalese Rupees up to a maximum of 2,000,000 Nepalese Rupees. This flexibility allows customers to choose a coverage amount that best fits their financial responsibilities and budget.
Comprehensive Risk Coverage and Financial Protection
A critical feature of the Super Term Life Insurance plan is the breadth of its risk coverage, ensuring protection against multiple sources of mortality risk.
Dual Coverage: The insurance coverage provided under this plan extends to both natural death and accidental death. This dual protection ensures comprehensive financial security for the insured’s family, regardless of the cause of the unfortunate event. The inclusion of natural death coverage is particularly important as it addresses the most common risks faced by policyholders.
Family Financial Security: The central objective of this plan is to act as a financial safety net. In the event of the insured’s death, the stipulated coverage amount is paid out to the nominees. This payout is crucial for the family, allowing them to cover outstanding debts, manage daily living expenses, fund future education, and maintain their standard of living, thereby mitigating the financial crisis often triggered by the loss of a breadwinner. Term life insurance is internationally recognized as the most cost-effective way to secure a high level of coverage for a specific period of financial exposure.
Promoting Digital Adoption: The partnership between eSewa and Nepal Life is a powerful example of synergy between the FinTech sector and traditional insurance. By routing the entire insurance application and payment process through a platform like eSewa, the initiative strongly promotes the adoption of digital financial services, simultaneously making insurance more convenient and encouraging the use of mobile payment gateways.
The Future of Insurance in Nepal
The introduction of products like the Super Term Life Insurance plan signifies a major trend towards simplifying and democratizing insurance access in Nepal. By making policies easy to understand, simple to purchase through digital means, and highly affordable, such schemes are vital tools for moving the country closer to universal insurance coverage. The backing of Nepal Life Insurance Company, one of the nation’s most established insurers, combined with the technological reach of eSewa, provides a strong foundation for the success and reliability of this innovative digital product.
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