Sanima Life Insurance

Sanima Subha Laxmi (Endowment) 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. Maximum sum assured can be applied is NPR 1 Million.

The salient features of the plan are as follows:

  • Minimum Age at Entry: 16 Years (Nearer Birthday)
  • Maximum Age at Entry: 60 Years (Nearer Birthday)
  • Minimum Premium Paying Term: 10 Years
  • Maximum Premium Paying Term: 54 Years
  • Maximum Age at Maturity: 70 Years (Nearer Birthday)
  • Minimum Sum Assured: NRs.25,000/-
  • Maximum Sum Assured: NRs 1,000,000/-
  • Mode of Premium Payment: Yearly/Half -yearly
  • Rider : CI

Special Features of the policy:

  • Sum assured and vested bonus will be paid to life assured at the maturity of the policy term.
  • In-case of natural death of insured within policy term, Double of Sum assured with vested bonus will be paid to Beneficiary.
  • In-case of Accidental death of insured within policy term, Triple of Sum assured with vested bonus will be paid to Beneficiary.

Rider Benefit:

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

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 10 lakh ( Basic sum assured or 10 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
2,00,000 or above Rs 1
1,00,000-1,99,999 Rs 0.5
Below 1 lakh No discount

Discounts on payment mode:

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