Foreign Employment Term Policy by IME Life Insurance: Complete Guide for Nepali Migrant Workers

31st May 2026, Kathmandu

The Foreign Employment Term Life Policy offered by IME Life Insurance Company Limited is a specialized insurance product designed specifically for Nepali citizens going abroad for employment.

Foreign Employment Term Policy

This policy provides comprehensive financial protection covering death, disability, critical illness, and related risks faced by migrant workers during their foreign employment period.

As foreign employment involves significant risks, this insurance policy plays a crucial role in ensuring financial security for both the worker and their family back in Nepal.

What is IME Life Foreign Employment Term Policy

The Foreign Employment Term Life Policy is a compulsory insurance requirement for individuals traveling abroad for work.

It is structured to provide financial compensation in case of unfortunate events such as death, permanent disability, or serious illness during the policy term.

The policy ensures that migrant workers and their families receive financial support in emergencies, reducing the economic burden caused by unexpected incidents overseas.

Eligibility Criteria

The policy is available under explicit conditions designed to align with labor migration guidelines.

Entry Age
Minimum Age: 18 years
Maximum Age: 64 years

Policy Term
Minimum Term: 1 year
Maximum Term: 6.5 years

Sum Assured
Fixed Sum Assured: NPR 1000000

These eligibility rules ensure coverage for a wide range of migrant workers across different age groups and employment durations.

Key Benefits of the Policy

The Foreign Employment Term Life Policy provides multiple layers of financial protection to manage overseas hazards.

Death Benefit
In case of death of the insured during the policy term, the full Sum Assured of NPR 1000000 is paid directly to the nominee. This ensures strong financial support for the family of the deceased worker.

Funeral Expense Benefit
An additional NPR 100000 is provided for funeral expenses. This helps families manage immediate post death financial obligations without delay.

Repatriation Expense
If the insured dies abroad and repatriation is proven, NPR 100000 is provided as repatriation support. This assists in covering logistical and transportation costs to bring the deceased back home.

Loss of Income Benefit
An additional NPR 200000 is provided to compensate for income loss. This helps families cope with the sudden loss of regular financial support.

Permanent Total Disability
If the insured suffers permanent total disability during the policy term, NPR 1000000 is paid as compensation. This ensures financial stability when the worker can no longer earn an income.

Temporary Partial Disability
An amount up to NPR 500000 is provided depending entirely on the severity of the disability. This supports recovery and partial loss of income situations.

Critical Illness Benefit
A payout of NPR 500000 is provided upon diagnosis of covered critical illnesses. An additional NPR 400 is added to the premium setup specifically for critical illness coverage.

Medical Reimbursement
Up to NPR 100000 is provided for medical treatment. This covers traumatic events and critical illness related expenses, reducing the financial burden during medical emergencies.

Policy Term and Premium Structure

The premium varies based on the specific age group of the migrant worker and the total duration of the policy term. The age groups are divided into 18 to 35, 36 to 50, and 51 to 64 years.

The policy term can span anywhere from 1 year up to 6.5 years. Longer terms and higher age groups result in higher premiums due to increased risk exposure.

The structure ensures affordability for younger workers while maintaining adequate coverage for all applicants.

Why This Policy is Important for Migrant Workers

Foreign employment involves risks such as accidents, severe illness, and job related hazards. This policy addresses those risks through comprehensive coverage.

Financial Security for Families
Ensures dependents in Nepal receive strong financial support in case of death or disability.

Emergency Medical Support
Helps cover expensive medical treatments and traumatic events abroad.

Income Protection
Compensates for the sudden loss of earning ability due to disability or illness.

Mandatory Protection
Since it is compulsory under national laws, it ensures all migrant workers are insured before departure.

Regulatory Product Information

Product Name: Foreign Employment Plan (Baideshik Rojgar Jeevan Beema Yojana)
Product Category: Term Life Insurance
Regulatory Code: NIA/LI010/2074/075/TEP/0065
Approval Date: 2017-09-07 A.D. / 2074-05-22 B.S.
First Issue Date: 2017-10-01

This data ensures that the policy is fully regulated and compliant with the national insurance standards of Nepal.

Who Should Buy This Policy

This insurance is mandatory and highly suitable for Nepali citizens going for foreign employment.

It applies to workers traveling under valid labor permits, individuals seeking financial protection for families back home, and migrants working in high risk job environments abroad.

It is especially important for those who are the primary income earners for their families.

Final Thoughts

The Foreign Employment Term Life Policy by IME Life Insurance Company Limited is a crucial financial safety tool for Nepali migrant workers.

With coverage for death, disability, critical illness, medical expenses, and income loss, it provides comprehensive protection during foreign employment.

Given the risks associated with overseas work, this policy ensures that workers and their families are financially protected against unexpected life events, making it an essential requirement for safe and secure foreign employment.

For More: Foreign Employment Term Policy