Rider Benefits available on Sanima Saral Plan:
Accidental Death Benefit (ADB):
If the policy holder dies due to accident under enforce policy, the company shall pay additional basic sum assured but not exceeding maximum NPR 30 lakh.
This plan provides sum assured along with vested bonus to the policy holder (life assured) at the end of maturity of the policy term or to the beneficiary in case of untimely demise of the insured person before completion of term of the policy.
The salient features of the plan are as follows:
- Minimum Age at Entry: 16 Years (Nearer Birthday)
- Maximum Age at Entry: 60 Years (Nearer Birthday)
- Minimum Premium Paying Term: 7 Years
- Maximum Premium Paying Term: 54 Years
- Maximum Age at Maturity: 70 Years (Nearer Birthday)
- Minimum Sum Assured: NRs.25,000/-
- Maximum Sum Assured: Unlimited
- Mode of Premium Payment: Yearly/Half -yearly/Quarterly/single
- Riders: ADB, PTD+PWB
Discounts
Discounts on sum assured:
| Sum assured | Discount per thousands |
|---|---|
| Above 200000 | Rs2 |
| Rs100000 – Rs 199999 | Rs1 |
| Below Rs 100000 | No discount |
Discounts on payment mode:
| Mode | Discount % |
|---|---|
| Yearly | 2% |
| Half-Yearly | 1% |
| Quarterly | No discount |
