Nepal Life Insurance has released 'Nepal Life Raksha Kavach Jeevan Bima Yojana'. The company has introduced the life plan with the aim of providing protection at a minimum insurance fee.

Praveen Raman Parajuli, Chief Executive Officer of the company announced the plan in an event organized by the company on December 18. The company said that it plans not to participate in life insurance profits. According to the company, the minimum sum insured is Rs 5 lakh and the maximum sum insured is Rs 1 crore.

To participate in this scheme, the age of the insured should be minimum 18 years and maximum 59 years. Similarly, the statement issued by the company mentions that the insurance period will be from a minimum of 1 year to a maximum of 35 years and the maximum age of the insured at the end of the insurance should be 60 years.