Sun Nepal Life Insurance Offers 75 Percent Discount on Lapsed Policy Renewal
24th September 2026, Kathmandu
Sun Nepal Life Insurance Company Limited has announced a 75 percent waiver on late fee interest for policyholders who renew (revive) their lapsed life insurance policies within a specified promotional window.
Sun Nepal 75% Discount Offered
The decision aims to encourage policyholders to reinstate their lapsed coverage and restore their financial protection benefits. The discount applies exclusively to accrued late payment interest charges during the revival period.
Advertisement
Renewal Timeline and Discount Parameters
The insurance provider has established specific dates and eligibility criteria governing the interest concession scheme.
- Promotional Renewal Window: Policyholders can avail of the 75 percent interest discount by renewing lapsed policies starting Ashwin 8 through Ashwin 26.
- Policy Eligibility Cap: The late fee interest waiver applies strictly to life insurance policies that have been lapsed for a duration not exceeding two years from the date of lapse.
- Usage Limit: Policyholders are eligible to receive this specific interest waiver facility only once during the entire tenure of the insurance policy.
Surrender Deduction and Compliance Conditions
The company has outlined key stipulations regarding policy surrender terms following discounted revival.
- Surrender Penalty Clause: If a policy reinstated under this interest concession scheme is subsequently surrendered, the waived interest amount will be deducted from the policy’s final surrender value.
- Objective: The condition ensures long-term policy retention while preventing short-term exploitation of the revival discount.
For More: Sun Nepal 75% Discount Offered
