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Endowment/Whole Life

Endowment/Whole Life

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Endowment/Whole Life

This plan guarantees lifetime protection and also caters as estate planning vehicle. Even after the premium paying term, the coverage will continue until insured attain an age of 100 years. It is an ideal way of creating an asset while also protecting your family against financial loss in case of any eventuality.

Eligibility Criteria

Minimum Sum Assured: 100,000/-
Maximum Sum Assured: No Limit/-
Minimum Entry Age (Nearest Birthday): 18 years
Maximum Entry Age (Nearest Birthday): 65 years
Maximum Maturity Age: 70 years
Minimum Policy Term: 5 years
Maximum Policy Term: 52 years

Benefits/Special Features

Death Benefit:
- On death of the life assured during the Premium Paying term of the policy: Sum Assured plus Bonus Declared and Vested.
- On death of the life assured post the Premium Paying term of the policy: Sum Assured without deducting the survival benefit already paid
Survival Benefit:
- On survival to end of Premium Paying Term: Sum Assured plus Bonus Declared and Vested and a fully paid-up whole life assurance.
- On survival to age 100: Fully Paid-up part of the policy. (Life assure age of 100 years)

Rider Benefits (Optional)

Accidental Death Benefit (ADB) (up to age 70): Additional amount equal to sum assured or 1,00,00,000/-, whichever is lower.
Permanent Total Disability (PTD) (up to age 70): Sum assured or 1,00,00,000/-, whichever is lower payable in 120 monthly installments; Should the remaining term to maturity be less than 120 months, the balance installment will be paid in lump sum on maturity or at death, if earlier.
Critical Illness (CI): On onset of any of the CI provided by the company, 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)
200,001 to 300,000	NRe 1
300,001 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.