Sanima Reliance’s ‘Saral Endowment’ Policy Gains Widespread Popularity
Kathmandu — Sanima Reliance Life Insurance has seen a significant rise in customer interest following the launch of its innovative Saral Endowment insurance policy. The scheme has attracted attention for offering a blend of high savings, comprehensive protection, and flexible premium payment options at a relatively low cost.
Designed to cater to a broad demographic, the plan is available to individuals aged 18 to 60 years, with policy terms ranging from a minimum of 7 years to a maximum of 52 years. The minimum sum assured under this plan is Rs 25,000, while the upper limit is determined based on the insured’s income source.
One of the key features driving its appeal is the option for policyholders to pay premiums in a lump sum or through quarterly, half-yearly, or annual installments. Additionally, policyholders can enhance their coverage by opting for four supplementary riders, which include: accidental death benefit, total permanent disability cover, premium waiver benefit, and critical illness protection.
In the event of accidental death, the nominee will receive double the sum assured. For policyholders who suffer a total permanent disability, the plan ensures monthly disbursements of the sum assured over a period of 120 months, while also waiving all future premiums.
The critical illness rider provides lump sum coverage of up to Rs 5 million against 18 severe medical conditions, including cancer, kidney failure, Parkinson’s disease, and paralysis — offering much-needed financial support during critical health emergencies.
Upon maturity of the policy term, the insured will receive the full sum assured along with accrued bonuses. In the unfortunate event of the insured’s death during the policy term, the nominee will be entitled to both the sum assured and the accumulated bonus.
With its wide range of benefits, low entry barrier, and customer-friendly flexibility, the Saral Endowment Policy is rapidly emerging as a preferred financial safety net among Nepalese families seeking both protection and long-term savings.