Kathmandu. Human life is uncertain. No one knows when what happens to whom. Unimaginable events such as accidents, illnesses, and deaths can occur at any time in human life. Everyone wants to be sure of an uncertain life. Financial security from all these events in uncertain life. And life insurance can be an important choice to stay certain.
Various insurance companies have introduced new schemes keeping in mind the needs of the customers in the Nepali market. Sanima Reliance Life is also running various insurance plans in the market. One of them is the ‘Sanima Reliance Couple Life Insurance’ scheme.
Therefore necessary ‘couple life insurance’ plan
This life insurance plan is in line with the Nepali social structure. In our society, there is a tradition of couples living together, building a house, raising children, educating and building a future. Therefore, this insurance plan is very important for couples with joint liabilities like loans, family expenses. This insurance plan ensures that one or both of them are financially protected if anything happens to them.
This policy can be an appropriate choice for married couples who want to bear financial responsibilities among themselves, protect each other and dependents. This plan will not only take the risk of the couple but also help in strengthening the relationship and saving for the future.
Key feature of the scheme
The insured who buys this scheme will get various benefits. Under this policy, the insured will get four benefits including accidental death benefit, complete permanent disability, insurance fee waiver facility and fatal disease protection.
For example, 32-year-old Laxmi and her 35-year-old husband Hari Kuber have purchased an insurance couple’s life insurance plan of Rs 2.5 million. The policy period purchased by the Kuber couple is 21 years. They have to pay a premium of Rs 165,250 every year.
in the case of a mature
Now in the case of maturity of the policy, if one or both of the insured are alive, at the end of the insurance term, the sum assured and the accrued bonus will be paid in lump sum.
Complete permanent disability
There is a complete exemption on payment of insurance fee in case of complete permanent disability of one or both of the couple due to the accident when the policy is operational within the insurance period. In addition, full permanent disability facility will be provided as per the conditions mentioned in the policy.
After the complete permanent disability of one insured due to accident, in the event of complete permanent disability of another insured due to accident within the insurance policy, the full permanent disability benefit of the insured will be paid to the insured.
accidental death
In case of death of one of the couple due to accident, the insured will be given a lump sum of up to two times in case of death of the insured within the insurance period. There is also a discount on the remaining premium fee under the policy. At the end of the insurance, reinsurance and accrued bonus will be paid in lump sum.
After the death of one of the insured due to an accident, in the event of the death of another insured due to an accident within the insurance policy, the insurance will be paid to the legal entitled near the accident benefit of the insured.
Natural death
In case of natural death of one or both of the insured in case of commencement of the policy within the insurance period, the first death insurance and the second death will get the sum assured and the earned bonus in lump sum.
In the event of the introduction of fatal disease benefit policy, one or both of the insured will be paid Rs 2.5 million each for the treatment of one or both of them in case of any of the 18 fatal diseases under the deadly disease and if it is medically proven.
Eligibility for purchasing an insurance plan
This insurance plan can be purchased by couples in the minimum age group of 21 years and maximum age of 50 years. In this scheme, the age difference of husband and wife will be valid only up to 7 years. The term of the insurance plan is minimum 15 years to maximum 30 years. Under this insurance scheme, the insured will be able to buy according to his financial status. The insured can buy a minimum amount of Rs 50,000 to a maximum amount.
How to pay premium
The way premium is paid to the insured who buys this scheme is flexible. The insured will be able to pay the premium in three ways – yearly, half-yearly and quarterly.
can be purchased at any time
There is no need for a couple to wait for any special time to buy this policy or any policy as it can be a difficult situation in life at any time. The insured can buy it at any time.
in case of couple life insurance
It is advisable for a couple to have life insurance soon after marriage. It is very beneficial to buy this insurance without delay as the husband÷ wife have savings and risk in the same insurance policy.
If all husbands and wives understand the importance of life insurance like every single man and woman, then the couple life insurance plan becomes the first choice of all married couples.
Why choose Sanima Reliance for insurance?
Sanima Reliance has been providing excellent life insurance policies in Nepal. The company has been able to identify the needs of The Nepali society and introduce different and new types of insurance policies. Financially strong, prosperous and financial condition of the company is strong. At the same time, the company is running with transparent and excellent institutional good governance, so the future can be secured by buying sanima Reliance’s insurance with confidence.
