Surya life Insurance Nepal ::.

Features

S.N.	Parameters	5 Parts Payment plan for child
1	Minimum Age at Entry	0 Yrs (Near B’day)
2	Maximum Age at Entry	15 Yrs
3	Minimum term	10 Yrs
4	Maximum term	30 Yrs
5	Minimum Age at maturity	20 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. 2,000,000
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 this plan

Rebate in Premium

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.

i) Loans: Not available

ii) Surrender Value: available after completion of two years from date of commencement and payment of two full years premium.

iii) Benefits :

a) At maturity( completion of premium paying term)

If the Life assured is alive during the premium term and up to maturity, than annual payments @ 20% of SA is paid as per following:

Age of Life Assured	Payable Amount
4^th anniversary before the date of the maturity	20% of SA
3^rd anniversary before the date of the maturity	20% of SA
2^nd anniversary before the date of the maturity	20% of SA
1^st anniversary before the date of the maturity	20% of SA
On maturity date	20% of SA + vested Bonus

Note: - Above payments are available if all the premiums have been paid.

b) After death of Life assured

· Death before risk commences refund of all the premiums excluding rider premiums and without any Bonus.

· Death during risk period : Payments to be made

Basic SA +Vested Bonus to nominee or legal guardian payments made.

Payments made on yearly basis shall not be deducted from claim amount

c) 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:
For Riders Benefit see Riders For child

Note: Contact for detail Information at suryalife Insurance company.