Life insurance just got a little more cost effective and convenient with the \'One year Renewable Group Term Assurance Plan (RGTP)' introduced by Insurance Corporation (LIC) Nepal, which offers pure term insurance cover. It begins on completion of 18 years and ends at the age of 55, and covers both accidental and natural deaths. Under this plan, the head of the group is issued a Master Policy. The premium is payable once a year.