Golden Child Endowment Assurance Policy
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. If you are ever unable to keep paying, the plan carries on by itself and your child still receives the full amount when the term ends. The Golden Child Endowment Assurance Policy is a specially designed life insurance plan by Sun Nepal Life Insurance that helps parents build a secure financial future for their children. Combining long-term savings and life protection, this policy ensures that your child’s life goals whether education, marriage, or career are financially supported, even in your absence.
Maturity estimator
Estimated value at maturity
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Declared bonus
Rate by policy term
Declared FY 2081/82
| Policy term | Rate / 1,000 | Prev. year |
|---|---|---|
| 0-14 | Rs 33 | — |
| 15-19 | Rs 36 | — |
| 20-24 | Rs 55 | Rs 52 |
| 25-29 | Rs 60 | — |
Recent years
- FY 2081/82
- Rs 33–60/ 1,000
- FY 2080/81
- Rs 30–55/ 1,000
- FY 2079/80
- Rs 30–50/ 1,000
- FY 2078/79
- Rs 40–70/ 1,000
- FY 2077/78
- Rs 30–75/ 1,000
Source: Sun Nepal 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
- Multiple benefits on death of both proposer and child
- Death+Maturity benefits
- Optional riders to enhance protection
Features
- Minimum Sum Assured : 200,000
- Minimum Age at Entry : 31 days for child and 18 years for proposer
- Maximum Age at Entry : 17 years for child and 55 years for proposer
- Maximum Age at Maturity : 25 years for child, 65 years for proposer
Terms and conditions
- 1. Lump Sum Death Benefit:In case of the unfortunate death of the parent (proposer) during the policy term, the child receives the full Sum Assured.
- 2. Premium Waiver Benefit (PWB) and Monthly Income Benefit (MIB):
- On the proposer’s (parent’s) death or permanent disability due to accident, future premiums are waived. The full maturity (sum assured plus vested bonus) benefit is still paid at the end of the policy term, and monthly 2% of Sum Assured will be paid to child as Monthly Income Benefit.
- 3. Death Benefit:
- a. In Case of Death of the Proposer (Parent):
- Lump Sum Benefit : Full Sum Assured is paid immediately to the nominee.
- Premium Waiver Benefit (PWB) :All future premiums are waived
- Monthly Income Benefit (MIB) : Up to 2% of the Sum Assured is paid every month until the policy matures, ensuring continued financial support.
- b. In Case of Death of the Child
- i. Before Risk Commencement :
- If the child passes away before the risk start date, the total premium of base policy is refunded to the proposer. The policy is then terminated.
- ii. After Risk Commencement: 25% of the Sum Assured, along with vested bonus or total premium paid (whichever is higher), is paid to the nominee.
- The policy is then terminated.
- (iii). In Case of Death of Both Proposer and Child: 100% of the Sum Assured under lumpsum benefit + 25% of the Sum Assured + all vested bonus
- (iv). In Case of Child's Death After Proposer’s Demise: The beneficiary receives 25% of the Sum Assured plus Vested Bonus, or Total Premiums Paid, whichever amount is higher.
- 4. Maturity Benefit: At the end of the policy term, the full Sum Assured along with accumulated bonus is paid if the insured child survives.
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: 150% of Basic Sum Assured plus bonuses
If the parent or guardian passes away
Future premiums are waived and the policy continues on its own. The child still receives the full maturity amount at the set age. Many child plans also pay the child a regular income until then — the brochure states the rate.
Typical for child plans — confirm the exact terms in the brochure.
If the policy runs to maturity
This plan states: Basic Sum Assured + Enhanced Sum Assured at Maturity + bonuses
If death is caused by an accident
With the accidental death rider, an additional amount is paid on top of the sum assured. The rider is optional and carries its own premium.
Typical for child plans — confirm the exact terms in the brochure.
Optional riders
Sun Medicare
Medical rider for proposer and child aged 5 and above
Critical Illness Benefit
Optional critical illness rider
Premium Waiver Benefit
Available as rider; future premiums are waived on proposer death/permanent disability under the plan benefit
Monthly Income Benefit
Available as rider; 2% of Sum Assured paid monthly to child
Accidental Death Benefit
Optional accidental death rider
Lump-Sum Benefit
Optional lump-sum rider
Loan & liquidity
- Policy loan
- Available
- Surrender allowed
- After 2 years
What's not covered
- Suicide within waiting period
- War and civil commotion
- Pre-existing conditions (unless disclosed and accepted)
Questions about this plan
What kind of plan is Golden Child Endowment Assurance Policy?
Golden Child Endowment Assurance Policy from Sun Nepal Life Insurance is a child plan that is taken out by a parent or guardian to fund a child's education and future.
Who can buy Golden Child Endowment Assurance Policy?
The entry age for Golden Child Endowment Assurance Policy is 18 – 55 years.
How long does Golden Child Endowment Assurance Policy run?
The policy term for Golden Child Endowment Assurance Policy is 10 – 20 years.
How much cover can I take on Golden Child Endowment Assurance Policy?
The sum assured available on Golden Child Endowment Assurance Policy is From Rs 2,00,000.
What bonus rate does Golden Child Endowment Assurance Policy earn?
For FY 2081/82, Sun Nepal Life Insurance declared Rs 33–60 / 1,000 of sum assured on Golden Child Endowment Assurance Policy. Bonus rates are set each year and are not guaranteed.
What is paid if the insured passes away during the term?
150% of Basic Sum Assured plus bonuses
What is paid when Golden Child Endowment Assurance Policy matures?
Basic Sum Assured + Enhanced Sum Assured at Maturity + bonuses
Which riders can be added to Golden Child Endowment Assurance Policy?
Golden Child 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