New Bonus Rate Announced by Reliance on Sanima, Maximum Bonus up to 75 Rupees

Kathmandu: Sanima Life Insurance Company has announced the new bonus rate of former Reliance Life. The new bonus rate has been published on the basis of actuarial evaluation based on the company’s year 2021/.022. According to the new bonus rate, the insured will get a maximum bonus of 75 rupees.

According to the new bonus rate of the company, the term security insurance plan will get a bonus at the rate of 24 rupees per thousand per year for all periods in the regular fee insurance policy. Similarly, term protection insurance policy will get a bonus at the rate of Rs.54 per thousand per annum in all term insurance policies of single charge.

Similarly, the bonus rate for 15-year advance payment plan has been set at Rs.41 per thousand per year, while the bonus rate for 20-year insurance policy has been set at Rs.45.

A bonus of Rs 30 per thousand per annum has been fixed in the converted annual advance payment insurance plan. According to the new bonus rate of former Reliance Life, a bonus of 19 rupees has been determined for the group term insurance policy. Similarly, bonus rate of 30 to 60 rupees has been fixed for term and lifetime.

According to the new bonus rate applicable only to former Reliance Life Insurance policies, term insurance policies have a maximum premium of Rs 30 for up to nine years, Rs 35 for 10 to 14 years, Rs 40 for 15 to 19 years, Rs 45 for 20 to 24 years and Rs 75 for insurance policies above 25 years. They will get bonus at the rate of 1000 per year.

Similarly, a bonus rate of Rs 40 to Rs 65 has been fixed in the limited payment term insurance policy. According to the declared bonus rate, the maximum 20 thousand 528 insurance policies are seen to get a bonus of 35 rupees, while the second largest insurance policy is seen to get a bonus of 45 rupees, 6 thousand 378 insurance policies.