Sun Nepal Life launches 'Sun Smart Protection' insurance plan
Sun Nepal Life Insurance has unveiled the 'Sun Smart Protection' insurance plan on the occasion of its 9th anniversary. Designed for individuals aged 18 to 65, the plan offers financial security with a minimum insured sum of NPR 1 million, extendable based on income source.
Kathmandu. Sun Nepal Life Insurance Company Limited has launched a new life insurance plan, 'Sun Smart Protection', to mark its 9th anniversary. The plan was inaugurated at a grand event on Asoj 1, in the presence of the company's Chief Executive Officer Raj Kumar Aryal and senior management team.
The plan is specifically designed for individuals aged 18 to 65, aiming to provide substantial financial security at a low cost. Its primary objective is to offer long-term financial protection by balancing the professional and family responsibilities of young family guardians.
The plan can be easily purchased through all branch offices of the company as well as via digital channels. For digital purchases, customers can use the company's website www.sunlife.com.np or the Sun Connect app.
Key features and benefits of the plan:
- Minimum insured sum of NPR 1 million, with the option to choose higher amounts based on income source.
- Premium payment options: monthly, quarterly, half-yearly, or annually.
- 100% claim payment of the insured sum in case of the insured's death.
- Optional benefit of up to NPR 50,000 for funeral expenses.
- Up to NPR 100,000 for 'Sun Medicare' emergency health services.
Company background and reach
Registered as an insurer in 2074/76 BS and commencing formal operations, the company has an authorized capital of NPR 10 billion and paid-up capital of NPR 5.28 billion. Certified with ISO 27001:2022, it is established as Nepal's first digital technology-friendly life insurance company.
Currently, the company serves through more than 40,000 agents and 136 branches and sub-branches. Its main goal is to provide long-term financial security by mitigating economic risks arising from accidents, disabilities, and critical illnesses.