Mero Mutu Child Plan by Sanima Reliance Life Insurance: A Complete Guide

29th May 2026, Kathmandu

Sanima Reliance Life Insurance Limited offers the Mero Mutu (Child) Plan – Single, a child-focused life insurance policy designed to secure a child’s future educational, financial, and social needs through long-term financial protection and savings.

Mero Mutu Child Plan

The plan helps parents build a financial corpus for their children while also providing protection in case of unforeseen events involving either the child or the proposer.

What is the Mero Mutu Child Plan?

The Mero Mutu Jeevan Beema Yojana – Single is a single-premium child insurance policy where a one-time premium payment provides life coverage, maturity benefits, bonus accumulation, and optional rider protections.

This plan is especially suitable for parents seeking long-term financial security for their children with guaranteed savings and insurance protection.

Eligibility Criteria

Child Eligibility

• Minimum Entry Age: 1 month
• Maximum Entry Age: 17 years
• Maximum Maturity Age: 27 years

Proposer Eligibility

• Minimum Entry Age: 21 years
• Maximum Entry Age: 55 years
• Maximum Maturity Age: 65 years

Policy Details

• Minimum Sum Assured: NPR 50,000
• Maximum Sum Assured: Subject to financial underwriting
• Minimum Policy Term: 10 years
• Maximum Policy Term: 27 years
• Premium Payment Mode: Single Premium

The policy also offers fixed guaranteed premium rates at the inception of the policy without future premium revisions.

Key Benefits of Mero Mutu Child Plan

Death Benefit During Policy Term
If the Child Dies

The nominee receives:

• 25% of the Sum Assured plus declared and vested bonus, or
• Premium paid, whichever is higher

After payment, the policy terminates.

If the Proposer Dies

If the proposer dies during the policy term:

• Monthly income equal to 1% of the sum assured is paid until policy maturity or child’s death, whichever occurs earlier.

This ensures continuity of the child’s financial support even after the proposer’s death.

If Both Child and Proposer Die Simultaneously

Benefits Include:

• On child’s death: 25% of Sum Assured
• On proposer’s death: Full Sum Assured plus declared bonus

If the child dies after the proposer’s death:

• 25% of Sum Assured plus vested bonus or premium paid, whichever is higher, is provided.

Optional Additional Death Coverage

The plan also allows optional additional death coverage for the proposer.

Under this option:

• Full Sum Assured is payable on proposer’s death while the child remains alive.
• The policy continues until maturity or child’s death.

In simultaneous death cases:

• 125% of Sum Assured plus declared bonus is payable.
• Maturity Benefit

If the child survives until policy maturity, the policyholder receives:

• Full Sum Assured
• Plus declared and vested bonus

This maturity corpus can help fund:

• Higher education
• Career development
• Marriage expenses
• Other long-term child-related financial goals

Rider Benefits

Permanent Total Disability (PTD) Benefit

If the proposer suffers permanent total disability due to accident or sickness:

• Monthly income equal to 1% of the Sum Assured is paid until maturity or child’s death.

Critical Illness (CI) Rider

The plan also offers an optional Critical Illness rider.

Upon diagnosis of covered critical illnesses:

• Additional payout equal to the CI Rider Sum Assured is provided.

Premium Rebate Structure

The plan offers premium rebates for higher sum assured amounts.

• Sum Assured between NPR 200,000 and NPR 399,999 receives a rebate of NPR 1.
• Sum Assured of NPR 400,000 and above receives a rebate of NPR 2.

Why Choose Mero Mutu Child Plan?

Major Advantages

• One-time premium payment
• Long-term child financial protection
• Maturity savings with bonus accumulation
• Income protection for children after proposer’s death
• Optional critical illness and disability coverage
• Suitable for education and future planning

Conclusion

Sanima Reliance Life Insurance Limited has designed the Mero Mutu (Child) Plan – Single as a comprehensive child insurance and savings solution for Nepali families.

With life coverage, maturity benefits, disability support, and optional critical illness protection, the plan provides financial stability for children while helping parents secure their future goals through disciplined long-term planning.

For More: Mero Mutu Child Plan