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Mero Mutu (Child) Plan

Mero Mutu (Child) Plan

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Mero Mutu (Child) Plan

This plan is ideal for protecting a child's future. By keeping aside/saving a certain amount of money regularly, a good corpus build-up will cater to the future need of your child's educational and social needs, ln the case of an eventuality, the current and the future financial needs of the child will be well-taken care.

Eligibility Criteria

Minimum Sum Assured: 50,000/-
Maximum Sum Assured: No Limit
Minimum Entry Age [Child] (Nearest Birthday): 1 month
Maximum Entry Age [Child (Nearest Birthday)]: 17 years
Minimum Entry Age [Proposer] (Nearest Birthday):21 years
Maximum Entry Age [Proposer] (Nearest Birthday): 55 years
Maximum Maturity Age [Child]: 27 years
Maximum Maturity Age [Proposer]: 65 years
Minimum Policy Term: 10 years
Maximum Policy Term: 27 years

Benefits/Special Features

Death Benefit:
- On death of child: 25% of Sum Assured plus Bonus Declared and Vested or premium paid, whichever is higher.
On death of proposer:
- All the future premiums are waived.
- 1% of sum assured every month till maturity.
- Basic Sum Assured (on optional basis)
On death of child & Proposer at the same time.
- On death of child: 25% of Sum Assured plus Bonus Declared and Vested or premium paid, whichever is higher.
- On death of proposer: Sum Assured.
On death of child after death of proposer: 25% of Sum Assured plus Bonus Declared and Vested or premium paid, whichever is higher.
Maturity Benefit: Sum Assured plus Bonus Declared and Vested.
Survival Benefit:

Rider Benefits

Permanent Total Disability (PTD):
- All the future premiums are waived.
- 1% of sum assured every month till maturity.
Critical Illness (CI): On onset of any of the CI listed in the CI TN, Additional amount equal to sum assured or 50,00,000/-, whichever is lower.

Premium Payment Mode/Structure

Mode: Yearly/Half-Yearly/Quarterly

Discounts/Rebate

Discount on Sum Assured

Sum Assured Band	Premium Rebate (per thousand)
200,000 to 399,999	NRe 1
400,000 onwards	NRs 2

Discount on Payment

Frequency of Payment	Premium Adjustment
Yearly	Less 2%
Half yearly	Less 1%
Quarterly & SSS	Nil
Monthly	Add 5%

Mr. Shiva Nath Pandey

Chief Executive Officer

Appointed Date: 2080/10/11

Mr. Pandey has taken the charge as Chief Executive Officer of Sanima Reliance Life Insurance Limited from March 23, 2023.

He has rich experience in banking sector of Nepal as he has worked in different major areas of Nepal Rastra Bank for more than 30 years and played instrumental role in overall policy making and supervision of financial institutions. Eventually he retired from the position of Executive Director of Nepal Rastra Bank. He was also appointed by Nepal Rastra Bank as member and Co-ordinator of Management Committee of Lumbini Bank and NCC Bank, when the management of banks were taken over by Nepal Rastra Bank. He was also appointed as Tax expert for Inland Revenue Department of Nepal . He has also worked for privatization cell of Ministry of Finance and has been involved in entire process and settlement of all issues regarding privatization.

He has also served as Chief Executive Officer of Surya Life Insurance Limited for about 4 years.

He has completed his Chartered Accountancy from the Institute of Chartered Accountants of India(ICAI) and later he became FCA member of ICAI.

Mr. Pandey is a life member of the Association of Chartered Accountants of Nepal (ACAN) and the Founder Chairman of the Life Insurance Association of Nepal.

He believes in three core values for any organization's success, which are being customer centric, build good governance and promote system driven approach.