Kathmandu. Sun Nepal Life Insurance Company Limited has launched ‘Sun Smart Protection Insurance Plan’ on the occasion of its 9th anniversary. The company has introduced a new life insurance plan with the aim of providing great financial security to the citizens at a low cost.

Chief Executive Officer (CEO) of the company, Mr. Raj Kumar Aryal inaugurated the scheme amidst a function held on September 18.

According to the company, people between the ages of 18 and 65 can buy this insurance plan. The company has said that the scheme has been brought with the aim of providing financial security keeping in mind the professional and family responsibilities of the guardians of the family especially at a young age.

Custom Insured from 10 Lakh

Under the ‘Sun Smart Protection Insurance’ scheme, the insured can be selected from a minimum of Rs 10 lakh to be selected on the basis of their income source.

The insurance premium can be paid monthly, quarterly, half-yearly or annually.

In case of the death of the insured, 100 percent of the sum assured will be paid as a claim. Apart from this, under the optional facility, funeral expenses up to Rs 50,000 and ‘Sun Medicare’ emergency health care benefits can also be availed up to Rs 1 lakh.

Purchase facility from branch to digital medium

According to the company, this insurance plan can be purchased from all branches and sub-branches of Sun Nepal Life. Also, the plan can be purchased through digital means.

The company has said that the policy can also be purchased from its digital platform with the objective of making insurance services easy and accessible through digital technology.

136 Services through branches and sub-branches

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Sun Nepal Life Insurance has an authorized capital of Rs 10 billion and a paid-up capital of Rs 5. It has a paid-up capital of Rs 28 billion.