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PRODUCTS WITH FEATURES:

i.    Saral ( Endowment ) Bima Yojana

Sanima Saral (Regular or Single Premium Endowment) Life Insurance Plan:

This plan provides sum assured along with vested bonus to the policy holder (life assured) at the end of maturity of the policy term or to the beneficiary in case of untimely demise of the insured person before completion of term of the policy.

The salient features of the plan are as follows:
  • Minimum Age at Entry: 16 Years (Nearer Birthday)
  • Maximum Age at Entry: 60 Years (Nearer Birthday)
  • Minimum Premium Paying Term: 7 Years
  • Maximum Premium Paying Term: 54 Years
  • Maximum Age at Maturity: 70 Years (Nearer Birthday)
  • Minimum Sum Assured: NRs.25,000/-
  • Maximum Sum Assured: Unlimited (Based on reliable income source)
  • Mode of Premium Payment: Yearly/Half -yearly/Quarterly/single
  • Riders: ADB, PTD+PWB

ii.    Dhanapati (Money Back) Bima Yojana

Sanima Dhanapti (Money Back Endowment) Life Insurance Plan : The company has introduced this plan to meet the financial needs of the policy holder during the term of policy wherein certain percentages of sum assured are paid to the insured at certain fixed intervals as under:

Term Time interval and percentage of sum assured to be paid
4th year 5th year 8th year 10th year 12th year 15th year 20th year
12 years 25% of
sum assured
- 25% of
sum assured
50% of sum assured
along with vested bonus
- -
15 years - 25% of
sum assured
- 25% of
sum assured
- 50% of sum assured
along with vested bonus
-
20 years - 20% of
sum assured
- 20% of
sum assured
- 20% of
sum assured
40% of sum assured
along with vested bonus

The salient features of the plan are as follows:

  • Minimum Age at Entry: 16 Years (Nearer Birthday)
  • Maximum Age at Entry: 50 Years (Nearer Birthday)
  • Premium Paying Term: 12, 15 or 20 Years
  • Maximum Age at Maturity: 70 Years (Nearer Birthday)
  • Minimum Sum Assured: NRs.50,000/-
  • Maximum Sum Assured: Unlimited (Based on reliable income source)
  • Mode of Premium Payment: Yearly/Half -yearly/Quarterly
  • Riders: ADB,PTD+PWB

iii.    Dirghayu (Whole life cum endowment) Bima Yojana

This plan provides sum assured along with vested bonus to the policy holder on maturity of the policy term or to the beneficiary on untimely demise of the insured person before term of the policy. After maturity, risk coverage equal to basic sum assured continues up to 100 years of age of the policy holder (life assured). In case of death of the policy holder after maturity, additional sum assured will be paid to the beneficiary. In case, insured is alive up to age of 100, sum assured will be paid to insured himself / herself. The salient features of the products:

  • Minimum Age at Entry: 16 Years (Nearer Birthday)
  • Maximum Age at Entry: 65 Years (Nearer Birthday)
  • Minimum Premium Paying Term: 5 Years
  • Maximum Premium Paying Term: 25 Years
  • Maximum Age at Maturity: 70 Years (Nearer Birthday)
  • Minimum Sum Assured: NRs.1,00,000/-
  • Maximum Sum Assured: Unlimited (Based on reliable income source)
  • Mode of Premium Payment: Yearly/Half -yearly/Quarterly
  • Riders: ADB,PTD+PWB

iv.    Baal Saugat ( Child ) Bima Yojana

This policy aims at securing the future of children especially with focus towards their higher education. Considering the focus on higher education, this plan has the unique facility of providing certain percentages of sum assured to the policy holder certain fixed intervals. Total Bonus will be paid to the insured at the maturity of the policy.

Payment percentage of sum assured and time interval is as follows:
Payment Time Payment %
17th birthday of insured 20% of sum assured
18th birthday of insured 20% of sum assured
19th birthday of insured 20% of sum assured
20th birthday of insured 20% of sum assured
At Maturity 20% of sum assured along with total bonus

The salient features of the plan are as follows:

  • Minimum Age at Entry: 3 month (last Birthday)
  • Maximum Age at Entry: 11 Years (last Birthday)
  • Maximum Premium Paying Term: 21- age of child
  • Maturity Age: 21 years
  • Minimum Sum Assured: NRs.50,000/-
  • Maximum Sum Assured: Unlimited (Based on reliable income source)
  • Mode of Premium Payment: Yearly/Half -yearly/Quarterly
  • Riders: PWB
  • Special features of the policy:
    • Guaranteed Bonus Rs 65 per thousand per year for first five years of the policy.
    • Extended risk cover for 5 years after maturity.

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