Annual Money Back Policy
by Sanima Reliance Life Insurance
In simple terms: you pay a fixed amount each year, and at the end of the term you get your cover amount back together with the bonus the insurer adds along the way. You also receive part of the cover amount at set points during the term, not only at the end. This is a participating (profit) anticipated endowment plan. Under this plan a fixed 5% of Sum Assured is paid to the policyholder every year starting from the second year until maturity. Death benefit includes Sum Assured plus declared and vested bonus; maturity includes remaining percentage of Sum Assured plus extra benefit as per term along with declared and vested bonus.
Declared bonus
Rate by policy term
Declared FY 2081/82
| Policy term | Rate / 1,000 | Prev. year |
|---|---|---|
| 15-19 | Rs 19 | Rs 19 |
| 20-24 | Rs 21 | Rs 21 |
Recent years
- FY 2081/82
- Rs 19–21/ 1,000
- FY 2080/81
- Rs 0–21/ 1,000
- FY 2079/80
- Rs 19–21/ 1,000
- FY 2078/79
- Rs 42–45/ 1,000
- FY 2077/78
- Rs 19–21/ 1,000
Source: Sanima Reliance Life Insurance declaration for FY 2081/82
Bonus rates are declared annually and are not guaranteed. Past rates do not guarantee future rates.
Maturity estimator
Estimated value at maturity
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What's included
Key highlights
- Annual 5% survival benefit
- Min Sum Assured NPR 100,000
- Optional riders available
Features
- 5% of Sum Assured paid annually from 2nd year until maturity
- Death benefit: Sum Assured + declared & vested bonus
- Maturity benefit: Remaining % of Sum Assured + extra benefit by term (15y=0%, 20y=10%)
- Optional riders available
What happens in each case
Each plan pays out differently depending on what happens during the term. These are the situations that matter for this kind of plan.
If the insured passes away during the term
This plan states: Sum Assured + Declared and Vested Bonus
Along the way, while the policy is in force
A set share of the sum assured is paid at fixed points during the term. The schedule on this page shows when each instalment falls due.
Typical for money-back plans — confirm the exact terms in the brochure.
If the policy runs to maturity
This plan states: Remaining percentage of Sum Assured + Extra maturity benefit as per term + Declared and Vested Bonus
If death is caused by an accident
With the accidental death rider, an additional amount is paid on top of the sum assured. The rider is optional and carries its own premium.
Typical for money-back plans — confirm the exact terms in the brochure.
Optional riders
Accidental Death Benefit (ADB)
Additional amount equal to Sum Assured or NPR 10,000,000 whichever is lower.
Permanent Total Disability (PTD)
Sum Assured or NPR 10,000,000 (whichever is lower) payable in 120 monthly installments (or lump sum if remaining term <120 months).
Premium Waiver Benefit (PWB)
Waiver of future premiums in case of PTD due to accident.
Critical Illness (CI)
On diagnosis of covered critical illness, additional amount equal to Sum Assured or NPR 5,000,000 (whichever is lower).
Loan & liquidity
- Paid-up value
- Yes
- Partial withdrawal
- No
What's not covered
- Suicide clause (as per policy conditions)
- War and nuclear perils
- Undisclosed pre-existing conditions / waiting period terms
Questions about this plan
What kind of plan is Annual Money Back Policy?
Annual Money Back Policy from Sanima Reliance Life Insurance is a money-back plan that releases part of the sum assured at set points during the term instead of only at the end.
Who can buy Annual Money Back Policy?
The entry age for Annual Money Back Policy is 18 – 55 years.
How long does Annual Money Back Policy run?
The policy term for Annual Money Back Policy is 15 – 20 years.
How much cover can I take on Annual Money Back Policy?
The sum assured available on Annual Money Back Policy is From Rs 1,00,000.
What bonus rate does Annual Money Back Policy earn?
For FY 2081/82, Sanima Reliance Life Insurance declared Rs 19–75 / 1,000 of sum assured on Annual Money Back Policy. Bonus rates are set each year and are not guaranteed.
What is paid if the insured passes away during the term?
Sum Assured + Declared and Vested Bonus
What is paid when Annual Money Back Policy matures?
Remaining percentage of Sum Assured + Extra maturity benefit as per term + Declared and Vested Bonus
Which riders can be added to Annual Money Back Policy?
Annual Money Back Policy can be taken with the following optional riders: Accidental death (ADB), PTD / PWB, Critical illness (CI). Each rider carries its own premium.
Premium
Quote on request