Sanima Life Insurance

Sanima Dhanapati (Money Back Endowment) Life Assurance Plan

The company has introduced this plan to meet the financial needs of life assured during the term of policy wherein certain
percentages of sum assured are paid to life assured at certain fixed intervals.

PAYMENT PERCENTAGE OF SUM ASSURED AND TIME INTERVAL IS AS FOLLOWS:
Term Time interval and percentage of sum assured to be paid
4th year 5th year 8th year 10th year 12nd year 15th year 20th year
12 years 25% of sum assured 25% of sum assured 50% of sum assured along with vested bonus
15 years 25% of sum assured 25% of sum assured 50% of sum assured along with vested bonus
20 years 20% of sum assured 20% of sum assured 20% of sum assured 40% of sum assured along with vested bonus

The salient features of the plan are as follows:

  • Minimum Age at Entry: 16 Years (Nearer Birthday)
  • Maximum Age at Entry: 50 Years (Nearer Birthday)
  • Premium Paying Term: 12, 15 or 20 Years
  • Maximum Age at Maturity: 70 Years (Nearer Birthday)
  • Minimum Sum Assured: NRs.50,000/-
  • Maximum Sum Assured: Unlimited
  • Mode of Premium Payment: Yearly/Half -yearly/Quarterly
  • Riders: ADB,PTD+PWB, CI
RIDER BENEFITS AVAILABLE ON SANIMA DHANAPTI PLAN:

Accidental Death Benefit (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.

Permanent Total Disability (PTD) and Premium Waiver Benefit (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) :

11 critical illness 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

Discounts

Discounts on sum assured:

Sum assured Discount per thousands
Above 200000 Rs.2
Rs100000 – Rs 199999 Re.1
Below Rs 100000 No discount

Discounts on payment mode:

Mode Discount %
Yearly 2%
Half-Yearly 1%
Quarterly No discount
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