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.
परिपक्वता अनुमान
अनुमानित परिपक्वता रकम
—
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: सन नेपाल लाइफ इन्स्योरेन्स 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
- प्रस्तावक र बच्चा दुवैको मृत्युमा बहु लाभहरू
- मृत्यु + परिपक्वता लाभ
- राइडरबाट थप सुरक्षा सम्भव
Features
- न्यूनतम बीमा रकम: 200,000
- प्रवेश गर्दा न्यूनतम उमेर: बच्चाको लागि 31 दिन र प्रस्तावकको लागि 18 वर्ष
- प्रवेशको लागि अधिकतम उमेर: बच्चाको लागि 17 वर्ष र प्रस्तावकको लागि 55 वर्ष
- परिपक्वतामा अधिकतम उमेर: बच्चाको लागि 25 वर्ष, प्रस्तावकको लागि 65 वर्ष
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
५ वर्ष वा सोभन्दा माथिका प्रस्तावक तथा बालबालिकाका लागि चिकित्सा राइडर
घातक रोग लाभ
ऐच्छिक घातक रोग राइडर
बीमाशुल्क छुट लाभ
राइडरका रूपमा उपलब्ध; प्रस्तावकको मृत्यु/स्थायी अशक्ततामा भविष्यका प्रिमियम छुट
मासिक आय लाभ
राइडरका रूपमा उपलब्ध; बालबालिकालाई मासिक बीमांक रकमको २% भुक्तानी
दुर्घटना मृत्यु लाभ
ऐच्छिक दुर्घटना मृत्यु राइडर
एकमुष्ट लाभ
ऐच्छिक एकमुष्ट लाभ राइडर
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)
Premium
Quote on request