Kathmandu. Sanima Reliance Life Insurance’s ‘Sanima Reliance Saral and Single Life Insurance Scheme’ has become the choice of the insured. This plan has also been the choice of the customers as it is full of attractive features. In this policy, maximum savings and protection facilities are available with minimum insurance fee. The payment method in this scheme is also flexible. In this, the insured can pay the insurance fee in two ways.
First, the insured will be able to pay a lump sum insurance at the time of insuring. Another way is to pay the insurance premium in installments throughout the insurance period. In this, the insured will be able to choose quarterly, half-yearly and annual payment options. In this insurance plan, the insured can get 4 types of facilities by paying additional fees. Under this, the insured will get accidental death facility, full permanent disability, insurance fee exemption facility and fatal disease protection facility. In case of accidental death of the insured while the policy is in operation, the insured can receive a lump sum payment up to double the sum assured.
Also, under the full permanent disability facility, the sum assured will be paid in monthly installments for a maximum of 120 months. Apart from this, there will also be a discount facility on insurance fees. If the insured is completely permanently disabled after an accident, the remaining insurance fee will be completely waived.
Under the fatal disease protection facility, the insured will get a lump sum payment of up to Rs 5 million in case of any fatal disease. These include 18 different fatal diseases (cancer, kidney failure (end-stage kidney failure), primary pulmonary arterial hypertension, multiple sclerosis, major organ transplant, paralysis, Parkinson’s etc.
Not only for saving insurance, but also to cover the risk of fatal diseases in the future, the attraction of insurers in this insurance scheme is increasing. The age of the insured to purchase this insurance plan is at least 18 years and the maximum age has been fixed at 60 years. Similarly, the minimum term of insurance will be 7 years and maximum 52 years.
In this scheme, the insured can buy a minimum sum assured of Rs 25,000, but the sum assured will be determined on the basis of the source of income of the insured. In this scheme, the insured will get the sum assured and full term bonus in lump sum after the expiry of the insurance period. In case of death of the insured within the insurance period, the insured will get the sum assured and bonus up to that period.
Sanima Reliance’s insurance plan will help develop saving habits. This will help ease the economic crisis from future risks. Sanima Reliance, which is providing the best life insurance in Nepal, has identified the needs of the Nepali society and is bringing different and new types of insurance accordingly.
