Kathmandu. Sanima Reliance Life Insurance’s ‘Sanima Reliance Simple and Single Life Insurance Plan’ has become the choice of the insured. This plan has also become the choice of the customers because it is full of attractive features.
This insurance policy provides maximum savings and protection at a minimum premium. The payment method is also flexible in this plan. In this, the insured can pay the premium in two ways.
First, the insured can pay the premium in a lump sum at the time of insurance. The second way is to pay the premium in installments throughout the insurance period. The company has stated that the insured can choose quarterly, half-yearly and annual payment options.
In this insurance plan, the insured can get 4 types of facilities by paying an additional fee. Under which the insured will get accidental death facility, complete permanent disability, insurance fee waiver facility and critical illness protection facility. The company has stated that if the insured dies due to an accident while the insurance policy is in force, the dependent can get a lump sum payment of up to double the sum assured amount.
Also, according to the company, under the complete permanent disability facility, the insured will be paid the sum assured amount in monthly installments for a maximum of 120 months. In addition, the insurance fee will also be discounted. If the insured becomes completely permanently disabled after an accident, his remaining premium will be waived.
Under the Critical Illness Protection Facility, the insured will receive a lump sum payment of up to Rs. 5 million in the event of a fatal illness. This includes 18 different fatal diseases (cancer, kidney failure (end-stage renal failure), primary pulmonary arterial hypertension, multiple sclerosis, major organ transplant, stroke, Parkinson’s, etc.).
This insurance plan is increasingly attractive to insureds not only for insurance savings but also to cover the risk of fatal diseases that may occur in the future. The insured must be at least 18 years of age to purchase this insurance plan, and the maximum age has been set at 60 years. Similarly, the insurance period will be a minimum of 7 years and a maximum of 52 years.
Insureds can purchase an insurance policy worth a minimum of 25 thousand insurance points in this plan, while the maximum amount of insurance will be determined based on the income source of the insured. In this plan, insureds will receive the insurance amount and the bonus for the entire period in a lump sum after the insurance period ends. If the insured dies within the insurance period, the insured’s heirs will receive the insurance amount and the bonus for that period.
This insurance plan of Sanima Reliance will help develop the habit of saving. It helps to ease financial crises from possible risks in the future. Sanima Reliance, which is providing the best life insurance policies in Nepal, is identifying the needs of Nepali society and introducing different and new types of insurance policies accordingly.
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