Limited Paying Endowment-cum-Whole Life 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. A limited-paying endowment cum whole life policy that combines endowment benefits with lifelong insurance coverage. Offers flexible payment options (single and limited payment terms).
Declared bonus
Rate by policy term
Declared FY 2081/82
| Policy term | Rate / 1,000 | Prev. year |
|---|---|---|
| 0-9 | Rs 35 | Rs 35 |
| 10-14 | Rs 35 | Rs 35 |
| 15-19 | Rs 40 | Rs 40 |
| 20-24 | Rs 45 | Rs 45 |
| 25 and above | Rs 70 | Rs 70 |
Recent years
- FY 2081/82
- Rs 35–70/ 1,000
- FY 2080/81
- Rs 35–70/ 1,000
- FY 2079/80
- Rs 35–70/ 1,000
- FY 2078/79
- Rs 50–75/ 1,000
- FY 2077/78
- Rs 35–70/ 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
- Minimum Sum Assured NPR 50,000
- Policy term 5–30 years
- Optional riders available
- Single and limited premium payment structures available
Features
- Combined endowment and whole-life benefits
- Flexible premium payment options: single and limited paying terms
- Death benefit during endowment term: Sum Assured + declared & vested bonus
- Post-endowment death benefit: Sum Assured (survival benefits already paid not deducted)
- Survival benefit at end of endowment term: Sum Assured + bonus and becomes fully paid-up whole life assurance
- 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: During endowment term: Sum Assured + declared & vested bonus; Post endowment term: Sum Assured (survival benefits already paid not deducted)
After the premium-paying term ends
This plan states: At end of endowment term: Sum Assured + declared & vested bonus and policy becomes fully paid-up whole life
If death is caused by an accident
This plan states: Additional amount equal to Sum Assured or NRs.10,000,000 whichever is lower (ADB up to age 70)
Optional riders
Accidental Death Benefit (ADB)
Additional sum equal to Sum Assured or NRs.10,000,000 whichever is lower (available up to age 70).
Permanent Total Disability (PTD)
Sum Assured or NRs.10,000,000 whichever is lower payable in 120 monthly installments; premium waiver and other conditions apply (available up to age 70).
Premium Waiver Benefit (PWB)
Waives future premiums on occurrence of covered permanent total disability due to accident.
Loan & liquidity
- Paid-up value
- Yes
What's not covered
- Suicide within policy-specific waiting period (as per company rule)
- War, invasion, civil commotion, nuclear risks
- Losses due to participation in criminal acts
Questions about this plan
What kind of plan is Limited Paying Endowment-cum-Whole Life Policy?
Limited Paying Endowment-cum-Whole Life Policy from Sanima Reliance Life Insurance is a whole life plan that covers the insured for life rather than a set number of years, and suits people who want to leave money behind for their family.
Who can buy Limited Paying Endowment-cum-Whole Life Policy?
The entry age for Limited Paying Endowment-cum-Whole Life Policy is 18 – 65 years.
How long does Limited Paying Endowment-cum-Whole Life Policy run?
The policy term for Limited Paying Endowment-cum-Whole Life Policy is 5 – 30 years.
How much cover can I take on Limited Paying Endowment-cum-Whole Life Policy?
The sum assured available on Limited Paying Endowment-cum-Whole Life Policy is From Rs 50,000.
What bonus rate does Limited Paying Endowment-cum-Whole Life Policy earn?
For FY 2081/82, Sanima Reliance Life Insurance declared Rs 19–75 / 1,000 of sum assured on Limited Paying Endowment-cum-Whole Life Policy. Bonus rates are set each year and are not guaranteed.
What is paid if the insured passes away during the term?
During endowment term: Sum Assured + declared & vested bonus; Post endowment term: Sum Assured (survival benefits already paid not deducted)
What is paid when Limited Paying Endowment-cum-Whole Life Policy matures?
At end of endowment term: Sum Assured + declared & vested bonus and policy becomes fully paid-up whole life
Which riders can be added to Limited Paying Endowment-cum-Whole Life Policy?
Limited Paying Endowment-cum-Whole Life Policy can be taken with the following optional riders: Accidental death (ADB), PTD / PWB. Each rider carries its own premium.
Premium
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