Sanima Life Insurance

Sanima Barsik Dhan Firta ( Annual Money Back Endowment) Life Assurance Plan

Sanima Baarshik Dhanfirta Bima Yojana ( Annual Money Back Plan) is participating in profit type of anticipated endowment plan. Under this plan, certain fixed percentage of sum assured is paid to the policy holders every year starting from second year till maturity. At the maturity the policyholder receives remaining sum assured and accrued bonus.

Survival Benefits

  • In case of 20 years policy term, 5% of Sum Assured is paid to the policy holder every year starting from second year till maturity.
  • In case of 15 years policy term, 6% of Sum Assured is paid to the policy holder every year starting from second year till maturity.
  • In both 15 and 20 years term of the policy, the policy holder receives remaining sum assured and accrued bonus at maturity.
  • In case of death of insured (life assured) within policy term, sum assured and accrued bonus will be paid to the nominee without deducting survival benefit/s paid earlier.

The salient features of the plan are as follows:

  • Minimum Age at Entry : 16 Years (Nearer Birthday)
  • Maximum Age at Entry : 55 years (For 15 years term) or 50 years (For 20 years term)
  • Policy Term : 15 or 20 Years
  • Maximum Age at Maturity : 70 Years (Nearer Birthday)
  • Minimum Sum Assured : NRs. 1,00,000/-
  • Maximum Sum Assured : Unlimited
  • Mode of Premium Payment : Yearly/Half-Yearly/Quarterly
  • Riders : ADB,ADB/PTD+PWB, Critical Illness

Optional Rider Benefit

In this plan, insured can avail following riders up on payment of nominal additional premium:

Policy holder can avail following optional rider benefits up to the limit of Rs. 1,00,00,000 not exceeding basic sum assured:

ADB

In case of death of life assured  due to accident during premium term,  the company shall pay additional sum assured (Maximum sum assured for the rider is NRs. 1,00,00,000/- or basic sum assured whichever is lower) to the nominee of life assured.

PTD+PWB

In case of permanent total disability of insured due to accident during premium term, remaining premium will be waived and disability benefit will be paid up to 10 years. Maximum sum assured for both of these riders is NRs. 1,00,00,000/- or basic sum assured whichever is lower. ADB rider is compulsory to avail PTD+PWB rider.

Critical Illness Coverage (CI):

This rider covers 11 critical illnesses throughout the premium paying term upon payment of nominal additional premium. Upon diagnosis of the critical illness, up to 50 lakh ( Basic sum assured or 50 lakh, whichever is lower)  will be  paid to the insured after survival period of 30 days. There will be waiting period of 90 days in this rider. To avail CI cover, minimum entry age is 16 and maximum maturity age is 65.

11 critical illnesses covered by CI are:

  1. Cancer of Specified Severity
  2. Kidney Failure Requiring Regular Dialysis
  3. Multiple Sclerosis with Persisting Symptoms
  4. Major Organ/Bone Marrow Transplant
  5. Open Heart Replacement or Repair of Heart Valves
  6. Primary Pulmonary Arterial Hypertension
  7. First Heart Attack of Specified Severity
  8. Stroke Resulting in Permanent Symptoms
  9. Coma of Specified Severity
  10. Aorta Graft Surgery
  11. Coronary Artery By-Pass Graft

Discount

Discounts On Sum Assured Discount On Payment Mode
NRs. 5, 00, 001 and above – NRs. 2 Yearly – 2%
NRs. 3, 00, 001 to 5, 00, 000 – NRs. 1 Half-Yearly – 1%
NRs. 1, 00, 000 to 3, 00, 000 – No Discount Quarterly – No Discount
Download Brochure
Find Sanima Life Address Find the nearest Sanima Life office to you.