Triple Endowment Assurance 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. Endowment plan targeted at individuals with higher risk exposure and comparatively lower income. Natural death pays double sum assured; accidental death pays triple sum assured.
Maturity estimator
Estimated value at maturity
—
Declared bonus
Rate by policy term
Declared FY 2081/82
| Policy term | Rate / 1,000 | Prev. year |
|---|---|---|
| 10-14 | Rs 20 | Rs 20 |
| 15-19 | Rs 20 | Rs 20 |
| 20-24 | Rs 25 | Rs 25 |
| 25+ | Rs 30 | Rs 30 |
Recent years
- FY 2081/82
- Rs 20–30/ 1,000
- FY 2080/81
- Rs 20–30/ 1,000
- FY 2079/80
- Rs 20–30/ 1,000
- FY 2078/79
- Rs 20–30/ 1,000
- FY 2077/78
- Rs 20–30/ 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.
What's included
Key highlights
- 2× Sum Assured on natural death
- 3× Sum Assured on accidental death
- Min Sum Assured: NPR 25,000
- Riders: ADB, PTD, PWB, CI
Features
- Double sum assured on natural death
- Triple sum assured on accidental death
- Maturity benefit: 1× Sum Assured + declared & vested bonus
- Riders available
- Discounts/rebates available by sum-assured band and payment frequency
Terms and conditions
- Death Benefit: Two Times the Sum Assured plus Bonus Declared and Vested.
- Survival till Maturity Benefit: One Times the Sum Assured plus Bonus Declared and Vested.
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: 2× Sum Assured + Bonus (natural death)
If the policy runs to maturity
This plan states: 1× Sum Assured + Bonus
If death is caused by an accident
This plan states: 3× Sum Assured (accidental death)
Optional riders
Accidental Death Benefit (ADB)
Additional amount equal to sum assured or NPR 10,000,000, whichever is lower.
Permanent Total Disability Benefit (PTD)
Sum assured or NPR 10,000,000, whichever is lower, payable in 120 monthly installments.
Premium Waiver Benefit (PWB)
All future premiums after PTD due to accident are waived.
Critical Illness Benefit (CI)
On onset of a covered critical illness, additional amount equal to sum assured or NPR 5,000,000, whichever is lower.
Loan & liquidity
- Policy loan
- Available
- Surrender allowed
- After 3 years
Questions about this plan
What kind of plan is Triple Endowment Assurance Policy?
Triple Endowment Assurance 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 Triple Endowment Assurance Policy?
The entry age for Triple Endowment Assurance Policy is 18 – 60 years.
How long does Triple Endowment Assurance Policy run?
The policy term for Triple Endowment Assurance Policy is 10 – 52 years.
How much cover can I take on Triple Endowment Assurance Policy?
The sum assured available on Triple Endowment Assurance Policy is Rs 25,000 – Rs 10,00,000.
What bonus rate does Triple Endowment Assurance Policy earn?
For FY 2081/82, Sanima Reliance Life Insurance declared Rs 20–30 / 1,000 of sum assured on Triple Endowment Assurance Policy. Bonus rates are set each year and are not guaranteed.
What is paid if the insured passes away during the term?
2× Sum Assured + Bonus (natural death)
What is paid when Triple Endowment Assurance Policy matures?
1× Sum Assured + Bonus
Which riders can be added to Triple Endowment Assurance Policy?
Triple Endowment Assurance 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