Saral Endowment 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. An affordable protection-cum-savings plan that provides financial protection and encourages regular savings over the policy term. Suitable as an alternative retirement or future corpus-building plan.
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 · regular premium | Rs 40 | Rs 40 |
| 15-19 · single premium | Rs 38 | Rs 40 |
| 20-24 · regular premium | Rs 45 | Rs 45 |
| 20-24 · single premium | Rs 43 | Rs 45 |
| 25 and above · regular premium | Rs 70 | Rs 70 |
| 25 and above · single premium | Rs 65 | 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 45–60/ 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
—
What's included
Key highlights
- Minimum Sum Assured: NPR 25,000
- Entry age: 18–60 years
- Policy term: 7–52 years
- Optional riders available
Features
- Death benefit: Sum Assured plus declared and vested bonus
- Maturity benefit: Sum Assured plus declared and vested bonus
- Optional riders: Accidental Death Benefit, Permanent Total Disability, Premium Waiver Benefit, Critical Illness
- Minimum Sum Assured: NPR 25,000; No upper limit
- Premium rebates per thousand for Sum Assured bands and frequency-based discounts/loadings
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 + Bonus Declared and Vested
If the policy runs to maturity
This plan states: Sum Assured + Bonus Declared and Vested
If death is caused by an accident
This plan states: Additional amount equal to Sum Assured or NPR 10,000,000 whichever is lower
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 (balance on maturity if remaining term <120 months)
Premium Waiver Benefit (PWB)
Future premiums waived after PTD due to accident
Critical Illness (CI)
Onset of specified critical illnesses, additional amount equal to Sum Assured or NPR 5,000,000 whichever is lower
Loan & liquidity
- Policy loan
- Available
- Surrender allowed
- After 3 years
- Paid-up value
- Yes
- Partial withdrawal
- No
Questions about this plan
What kind of plan is Saral Endowment Policy?
Saral Endowment Policy from Sanima Reliance Life Insurance is an endowment plan that pairs savings with life cover for a single adult, and suits people who want a guaranteed amount on a fixed future date.
Who can buy Saral Endowment Policy?
The entry age for Saral Endowment Policy is 18 – 60 years.
How long does Saral Endowment Policy run?
The policy term for Saral Endowment Policy is 7 – 52 years.
How much cover can I take on Saral Endowment Policy?
The sum assured available on Saral Endowment Policy is From Rs 25,000.
What bonus rate does Saral Endowment Policy earn?
For FY 2081/82, Sanima Reliance Life Insurance declared Rs 19–75 / 1,000 of sum assured on Saral Endowment Policy. Bonus rates are set each year and are not guaranteed.
What is paid if the insured passes away during the term?
Sum Assured + Bonus Declared and Vested
What is paid when Saral Endowment Policy matures?
Sum Assured + Bonus Declared and Vested
Which riders can be added to Saral Endowment Policy?
Saral Endowment 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