Sanima Reliance Introduces Mero Mutu (Child) Plan for Child-Focused Savings and Security

Kathmandu – Sanima Reliance Life Insurance Limited has launched a new insurance scheme, Mero Mutu (Child) Plan aimed at ensuring a secure and bright future for children by offering a unique combination of life insurance and disciplined savings. The scheme allows parents to insure their child from as early as one month of age, with the added benefit of insuring both the child and the parent (proposer) under a single policy.

A key feature of the plan is that in the event of the proposer’s death or permanent disability during the insurance period, the remaining premiums will be waived. Additionally, the child will receive 1 percent of the sum assured every month, providing consistent financial support for education and long-term development.

The scheme also outlines specific benefits in case of unforeseen deaths. If the insured child dies, the higher amount among 25 percent of the sum assured, the accrued bonus, or the total premium paid will be paid. In the event of the proposer’s death, the full sum assured will be provided. If both the proposer and child die in the same incident before the policy expires, the policy will pay out the sum assured, accrued bonus, and an additional 25 percent of the sum assured. If the child dies after the proposer within the insurance period, the policy pays either the sum assured with bonus or the total premium paid—whichever is higher and terminates.

Sanima Reliance designed the plan to assist families in covering future education expenses, emergencies, and financial goals, while also promoting long-term saving habits. The company advises that purchasing this policy early, particularly at the time of a child’s birth, ensures the best benefits over time.