Sanima Life Insurance

Sanima Dirghayu (Endowment Cum Whole Life) Life Assurance Plan

This plan provides sum assured along with vested bonus to life assured at the end of maturity of the policy term or to the beneficiary on untimely demise of the insured person before term of the policy. After maturity, risk coverage equal to basic sum assured continues up to 100 years of age of life assured. In case of death of life assured after maturity, additional sum assured will be paid to beneficiary. In case, insured is alive up to age of 100, sum assured will be paid to insured himself/ herself.

The salient features of the plan are as follows:

  • Minimum Age at Entry: 16 Years (Nearer Birthday)
  • Maximum Age at Entry: 65 Years (Nearer Birthday)
  • Minimum Premium Paying Term: 5 Years
  • Maximum Premium Paying Term: 54 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/single
  • Riders: ADB, PTD+PWB, CI

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. 30,00,000/- 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) :

This rider covers 11 critical illness 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 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 on sum assured:

Sum assured Discount per thousands
Above 300000 Rs2
Rs200000 – Rs 299999 Rs1
Below Rs 200000 No discount

Discounts on payment mode:

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