Sanima Reliance’s ‘Shubha Lakshmi’ Plan Gains Popularity for High-Risk Coverage at Affordable Premiums

Kathmandu – Sanima Reliance Life Insurance’s ‘Shubha Lakshmi Life Insurance Plan’ is receiving increasing interest among policyholders, especially those in high-risk professions and with moderate incomes. The plan stands out in the market for offering up to three times the sum assured at a comparatively low premium, combining both protection and savings benefits.

According to the company, this insurance plan provides double the sum assured in case of natural death and triple in the event of accidental death. In addition, it includes a critical illness benefit of up to Rs 1 million for any of 18 specified life-threatening diseases, helping ease the financial burden during medical emergencies.

For instance, an individual purchasing the plan with a sum assured of Rs 1 million will receive a lump sum along with accumulated bonuses at the end of the policy term. In case of accidental death before maturity, the nominee will receive Rs 3 million plus the earned bonus; for natural death, the payout will be Rs 2 million plus the bonus.

Eligibility is open to individuals aged 18 to 60 years, with policy terms ranging from 10 to 52 years. The insured can select coverage amounts between Rs 25,000 and Rs 1 million based on their financial capacity. A person entering the plan at age 18 for the longest term will have the policy mature at age 70. Flexibility in premium payment is another highlight of the plan, with options for annual, half-yearly, or quarterly payments.

Sanima Reliance Life Insurance, known for its innovation and customer-focused services, has built a strong reputation in the market. With over 169 branches nationwide, more than 20,000 agents, a capital base exceeding Rs 5 billion, and investments crossing Rs 20 billion.