Reliable Nepal Life Insurance Limited – Reliable Nepal Life Insurance Limited

Reliable Higher Education Life Insurance

Reliable Higher Education Plan

Reliable Higher Education Life Insurance is a best life insurance policy for children. Parents can plan for the higher education of the children by purchasing this plan. The maturity value received from this policy will be used for the higher education of the children. The parents can purchase the policy from the time of birth till age of 15 years. Premium can be paid in Yearly/Half Yearly/Quarterly/Monthly. Company has proposed a Simple Reversionary Bonus of Nrs. 50 per thousand from the date of purchase of this policy.

Risk date will start only when child attains age of 6 years or completion of 2 policy years whichever is later.

Benefits:

Death Benefits:

On death of the child during the policy term but before commencement of risk, the Return of Premium excluding extra premiums till the date of death will be payable to the nominee / beneficiary. The policy will terminate upon such payment.

On death of the child during the policy term but after commencement of risk, the Insured Amount under the policy plus the Accrued Bonus as on the date of death will be payable to the nominee / beneficiary. The policy will terminate upon such payment.

Maturity Benefits:
On the survival of the child to the end of the policy term, the Insured Amount plus the Accrued Bonus shall be payable.

Features:
Minimum Insured Amount : Nrs. 50,000
Minimum Age at Entry : 0 years (Last Birthday)
Maximum Age at Entry : 15 years (Last Birthday)
Minimum Age at Maturity : 10 years (Last Birthday)
Maximum Age at Maturity : 25 years (Last Birthday)
Policy Term : 10 to 25 years

Other Benefits:

Monthly Income Benefits:
By purchasing this child will be covered by additional benefit. On death of the proposer/parent during the policy term, a monthly benefit equal to 1% of the Insured Amount under the rider will be payable to the life assured (child) under the base policy on every monthly anniversary of the rider from the date of death of the proposer/parent upto the end of the rider term or the death of the life assured (child) whichever is earlier and the rider shall terminate thereafter.

Premium Waiver Benefits:
By purchasing this child will be covered by additional benefit. All future Premiums under the base policy to which the rider is attached shall be waived off on disability of the proposer/parent resulting from accident or sickness. On maturity child will receive Insured Amount plus additional bonus.

A Flexible Solutions Secure The Future, Protects What’s Important

We have been providing stability and reliability to our clients to help them live their lives with confidence give them peace of mind.

A Guarantee For Life, Level Premium For Life Time Protection

We have been providing stability and reliability to our clients to help them live their lives with confidence give them peace of mind.

About Us

Reliable Nepal Life Insurance Limited – a life insurance company is duly approved by the Insurance Board and Government of Nepal. The company is promoted by the eminent group of economists, industrialists, bankers and reputed professionals, and it is being led by team of experienced workforce. It is in market to serve the customers by offering unique products with leverage on cutting edge technology and being customer-oriented in the approach. Reliable Nepal Life Insurance Limited (RNLIL) has the core philosophy of customer centricity. RNLIL aims to serve customers at their door steps with quality services and a hassle-free claim settlement. RNLIL offers various kind of policies for long-term savings and protection to meet different life stage requirements of its customers. Reliable Nepal Life Insurance Limited having Registration No: 1036-064/065, was incorporated under the Companies Act 2063, on 2064.08.18 B.S. It started its operation from 2074.05.15..

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Premium can be deposited from the following banks

Nepal Bangladesh Bank Limited

Global IME Bank Limited

Machhapuchchhre Bank Limited

Kailash Bikas Bank Limited

Prabhu Bank limited

Hamro Bikash Bank Limited

Kankai Bikash Bank Limited

Deva Bikas Bank Limited

Reliance Finance Limited

NIC ASIA Bank

Civil Bank Limited

Gandaki Bikash Bank limited

Miteri Development Bank Limited

Lumbini Bikas Bank Ltd.

Excel Development Bank Ltd.

Mahalaxmi Bikas Bank Ltd.

Mega Bank Nepal Limited

Kamana Sewa Bikas Bank Ltd.

Garima Bikas Bank Ltd.

Prime Commercial Bank Ltd.

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