Surya life Insurance Nepal ::.

Features:

S.N.	Parameters	Endowment Plan for child
1	Minimum Age at Entry	0 Yrs
2	Maximum Age at Entry	15 Yrs
3	Minimum term	10 Yrs
4	Maximum term	30 Yrs
5	Minimum Age at maturity	16 Yrs (Near B’day)
6	Maximum Age at maturity	30 Yrs (Near B’day)
7	Minimum Sum Assured	NRs.50, 000
8	Minimum Sum Assured	Rs. 20, 00,000
The sum assured should be in multiples of Rs 10,000

Risk to commence at age for this plan:

Risk to commence at age 6years age of the child or two years after commencement of policy, which ever takes place later. However in case of policy purchased on the life of child aged 15 years the risk shall commence one year after commencement. The premiums need to be paid regularly.

Vesting age – 16 yrs completed for all these plans

Rebate in Premium (for all these plans)

a) Large Sum Assured:

No rebate in SA upto Rs 249,999 /-

SA Rs 250,000 to Rs 499,999/- Rs 1 per thousand in Tabular premium.

SA Rs 500000 and above- Rs 2 per thousand in Tabular premium.

b) Mode of payment of Premium

Quaterly no Discount

Half yearly 1% Discount of Tabular premium.

Yearly 2% Discount of Tabular premium.

Loan:

Facility of Loan available after 16 yrs age of life assured but only in Endowment plan.

Medical examination

1) Necessary if proposer has opted for riders.

2) Necessary if life assured (Childs) age 10 years or more

Benefits

a) At maturity: sum assured + vested Bonus

b) After death: Before commencement of risk: refund of all premiums excluding premium charged for riders without bonus to be paid to legal guardian.

After commencement of risk: Sum Assured + vested Bonus

c) Bonus: At maturity or after death during risk period which ever event takes place earlier from the date of commencement of policy.

d) Surrender value (in all plans): available after payment of 2 full years of premium and completion of two years period.

Bonus:

Bonus is available on this policy plan from the date of commencement till maturity or death whichever event takes place earlier if the risk has commenced. However no bonus is available if the death is during no risk period.

Riders Benefit

For Riders Benefit see Riders benefit for child page

Note: For futher detail Information contact at suryalife Insurance company.