IME Saral Sawadhik Beema Yojana: Simple Endowment Plan For Lifetime Security & Savings in Nepal
5th August 2025, Kathmandu
In an ever-changing world, securing your financial future and that of your loved ones is paramount. IME Life Insurance introduces the IME Life Saral Jeevan Insurance Plan (IME Saral Sawadhik Beema Yojana), a straightforward yet comprehensive solution designed to offer both financial protection and disciplined savings at an affordable cost.
IME Saral Sawadhik Beema Yojana
It’s more than just an insurance policy; it’s a promise of a lifetime of trust, ensuring peace of mind for you and your family.
What is the IME Simple Endowment Plan?
The Simple Endowment Plan is an ideal blend of protection and savings. It’s crafted for individuals who seek financial security against unforeseen risks while simultaneously fostering a regular saving habit over a chosen policy term. This plan ensures that either the life assured receives the sum assured along with any vested bonuses upon policy maturity, or their designated beneficiary receives the same benefits in the unfortunate event of the insured person’s untimely demise before the policy term ends.
Key Features at a Glance:
Minimum Sum Assured: NPR 25,000/-
Maximum Sum Assured: No Limit (subject to underwriting guidelines)
Minimum Entry Age: 18 Years
Maximum Entry Age: 65 Years
Minimum Policy Term: 5 Years
Maximum Policy Term: 52 Years
Maximum Maturity Age: 70 Years
Premium Payment Modes: Flexible options including Yearly, Half-Yearly, and Quarterly.
Core Benefits You Can Rely On:
The IME Saral Jeevan plan is designed with your financial security at its core:
On Death of Policyholder: In the unfortunate event of the policyholder’s demise during the policy term, the full Sum Assured, along with any accumulated Vested Bonus, will be paid out to the nominated beneficiary. This ensures that your loved ones are financially protected during a difficult time.
On Survival Till Maturity: If the policyholder survives till the end of the policy term, they will receive the full Sum Assured plus any Vested Bonus. This serves as a significant corpus for your future goals, whether it’s retirement, education, or other aspirations.
Loan Facility: Once the policy acquires a surrender value, you can avail a loan against it, providing liquidity when you need it most.
Tax Benefits: As per prevailing Nepalese tax laws, premiums paid towards this policy may be eligible for tax benefits, further enhancing its value proposition.
Enhance Your Protection with Optional Rider Benefits:
For comprehensive coverage tailored to your specific needs, the IME Simple Endowment Plan offers a range of additional optional riders (available for an extra premium):
Accidental Death Benefit (ADB): Provides an additional sum equal to the Rider Sum Assured if the life assured’s death before age 70 is due to an accident during the rider policy term.
Income Benefit (IB): In case of permanent total disability due to sickness or accident during the policy term, this rider pays a regular Monthly Income Benefit (1.0%, 1.5%, 2.0%, or 3.0% of Rider Sum Assured) or Quarterly Income Benefit (3.0%, 4.5%, 6.0%, or 9.0% of Rider Sum Assured) up to the policy maturity.
Lump-Sum Benefit: Provides a one-time lump-sum amount equal to the Rider Sum Assured in the event of permanent total disability due to any cause (sickness or accident) during the policy term.
Premium Waiver Benefit (PWB): If the life assured experiences permanent total disability due to accident or sickness during the policy term, all future premiums payable under the base policy (equal to the Rider Sum Assured of this rider) are waived, ensuring your coverage continues without financial burden.
Funeral Expenses: In the event of the life assured’s death during the policy term, a lump sum amount equal to 25% of the Sum Assured or NPR 200,000 (whichever is less) is paid immediately, helping to cover immediate expenses.
Critical Illness Rider (CI): Upon diagnosis of any of the 21 specified Critical Illnesses during the policy term, a lump sum amount equivalent to the Sum Assured of the rider is paid. The maximum Sum Assured for CI rider is NPR 5,000,000/-, or Basic SA, or as determined by underwriting guidelines.
Your Trust, Our Commitment
The benefits and coverage of the IME Life Saral Jeevan Insurance Plan, along with its riders, are governed by the specific terms and conditions outlined in the policy and rider documents. In case of any dispute, resolution will adhere to the provisions of the Insurance Act of 2079, ensuring transparency and fairness.
Choose IME Life Saral Jeevan Insurance Plan today and embark on a journey towards a secure future with a lifetime of trust at an affordable cost.
For more: IME Saral Sawadhik Beema Yojana
