Details on SunLife Endowment Assurance Life Insurance by SunLife
17th December 2025, Kathmandu
SunLife Endowment Assurance is a comprehensive life insurance plan from Sun Nepal Life Insurance Company Limited. This plan is specifically designed for individuals in Nepal who are looking for a dual-purpose financial instrument that combines disciplined long-term savings with robust life protection. It ensures that the financial future of your family remains secure while simultaneously helping you build a substantial fund to meet important life milestones such as a child’s higher education, a wedding, or a comfortable retirement.
SunLife Endowment Assurance
Under this endowment model, the policyholder commits to saving a fixed amount through periodic premiums over a chosen policy term. This plan is particularly popular among teachers, civil servants, and business owners in Nepal who value both the security of life coverage and the growth of their capital through the annual bonuses declared by the company.
Eligibility and Policy Features
The SunLife Endowment Assurance plan is designed with flexible parameters to accommodate a wide demographic of the Nepali population. It allows individuals to start their insurance journey as early as 18 years of age and provides a wide window for entry up to 65 years. The policy terms are highly versatile, ranging from a short term of 5 years to a maximum duration of 52 years, depending on the age of the proposer and their financial goals.
The maximum age at which the policy can mature is 70 years. To make the plan accessible for all income levels, the minimum sum assured is set at a low threshold of NPR 25,000, while the maximum sum assured is determined based on the source and level of income of the individual. To suit the cash flow of different professions, the bank offers multiple payment modes including monthly, quarterly, semi-annually, and annually.
Core Benefits: Security and Savings
The primary benefit of the SunLife Endowment Assurance is the guaranteed financial security it provides. If the policyholder survives the entire term of the policy, they receive a lump sum payout known as the maturity benefit. This payout consists of the full sum assured plus all the bonuses that have been added to the policy every year. This accumulated amount often serves as a significant financial cushion for the later years of life.
In the unfortunate event of the demise of the insured person during the policy term, the plan provides immediate relief to the family. The nominee receives the full sum assured along with the vested bonuses that have accumulated up to that date. This ensures that the family can maintain their standard of living and meet their financial obligations even in the absence of the primary breadwinner. By participating in the annual profits of Sun Nepal Life Insurance, the policyholder sees their savings grow over time, making it a more attractive option than a simple bank savings account.
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Optional Riders for Enhanced Protection
One of the strongest aspects of SunLife Endowment Assurance is the ability to customize the plan with optional riders. These are add-on benefits that provide extra protection for specific risks at a very nominal additional premium.
The Accidental Death Benefit (ADB) is a popular choice that provides an additional sum assured if the death occurs due to an accident. The Permanent Total Disability and Premium Waiver Benefit (PTD and PWB) ensures that if the policyholder becomes permanently disabled and cannot earn an income, all future premiums are waived while the policy remains active and the maturity benefits stay intact.
Furthermore, the Sun Medicare rider is a unique health benefit that provides a fixed daily payout during hospitalization without the need for submitting complicated medical bills. Other riders include coverage for critical illnesses, where a lump sum is paid upon the diagnosis of a major disease, and funeral expenses coverage, which provides immediate cash to handle the last rites and associated costs.
Why Choose SunLife Endowment Assurance in 2025?
As the cost of living and the price of education continue to rise in Nepal, having a planned savings habit is more important than ever. SunLife Endowment Assurance offers a trusted platform where your savings are guaranteed to grow. The company has a strong track record of claim settlement, boasting a 99 percent success rate, and operates through a vast network of over 140 branches and 15,000 agents nationwide.
This plan is not just an insurance policy; it is a smart financial strategy. It provides the peace of mind that comes with knowing your family is protected while giving you the flexibility to design a savings plan that suits your specific budget and timeline. Whether you are looking for a tax-saving tool or a way to leave a lasting financial legacy, this endowment plan stands out as a reliable and strategic choice for the citizens of Nepal.
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