Kathmandu. To ensure a bright future for children, Sanima Reliance Life Insurance Limited has launched the ‘Mero Mutu Baljeevan Bima’ scheme.
This scheme provides the facility to insure the life of a child from the age of one month. The special thing is that the life of both the parent (proponent) and the child will be insured simultaneously, according to the company.
According to the company, this insurance policy combines both savings and security. In case of death or permanent disability of the proposer due to any reason during the insurance period, the entire remaining insurance fee will be waived. Similarly, 1 percent of the sum assured will be available monthly in the name of the child, which will help him/her from education to future building.
What happens in case of unexpected death?
1. In the case of the insured: The company has stated that 25 percent of the sum assured or the accrued bonus or the insurance premium paid, whichever is higher, will be paid.
2. In the case of the proposer: In the event of the proposer’s death, the sum assured will be paid in case of additional premiums paid and in the event of non-payment of additional premiums, the sum assured will not be paid.
3. If the insured and the proposer die in the same event while the policy is in force before the expiry of the insurance period, the company has stated that the sum assured and the accrued bonus will be paid for the death of the proposer and 25 percent of the sum assured for the death of the child.
4. If the insured child also dies after the death of the proposer within the insurance period, 25% of the sum assured and the accrued bonus or premium paid, whichever is higher, will be paid and the insurance policy will automatically terminate.
Why choose ‘Mero Mutu Baljeevan Bima’?
To secure children’s higher education, emergency expenses and long-term plans
Insurance policy with monthly income facility
Disciplined savings for the future Assurance
Long-term benefits at low premiums
When is the right time to get insurance?
By taking out this insurance at the initial stage of the child’s birth, you can get great benefits in the future. In line with the idea of ‘Life Insurance Today, Right Now’, you can ensure your children’s future by taking out an insurance policy on time.
Sanima Reliance: Insurance of Trust
Sanima Reliance has been identifying the needs of Nepali families and providing the latest and most practical insurance plans. Due to its financially strong, transparent management and the participation of a socially reputable founding group, this organization has become a trusted option.
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