18th May 2025, Kathmandu
Sanima Reliance Life Insurance has launched a special campaign to help customers renew their lapsed insurance policies. The company offers a 100% waiver on late fees for policyholders who missed the renewal deadline. This initiative aims to support clients facing difficulties in paying premiums on time.
Sanima Reliance Lapsed Policy Renewal
The campaign runs from Jestha 1 to Jestha 25 (15 May – 8 June). Customers can renew their lapsed policies without paying any late fees during this period. This campaign provides a rare opportunity to revive insurance coverage affordably.
Why the Campaign?
Many customers miss premium payments due to financial challenges or other reasons. When a policy lapses, the insured loses their coverage and faces additional charges. These extra fees often discourage policyholders from renewing their policies promptly.
Sanima Reliance Life Insurance recognizes these challenges. The company designed this campaign to reduce customers’ financial burdens. It encourages lapsed policyholders to restore their coverage with ease and without penalty. This move reflects the company’s commitment to customer welfare.
Important Details About the Campaign
The waiver on late fees applies only once during the policy period. This means that policyholders can use this facility just once to renew their lapsed policy. If a customer misses renewal again, standard late fees will apply.
The campaign offers a limited-time window, running from 15 May to 8 June. Customers must act within these dates to benefit from the waiver. The company stresses that timely action will help safeguard policyholders’ coverage.
During the renewal, customers regain their insurance protection. The policy becomes active again, restoring benefits for the insured and their families. Therefore, this campaign helps ensure continuous protection.
The Role of Life Insurance in Financial Security
Life insurance plays a crucial role in protecting families from financial hardship. It provides economic stability by offering financial support during emergencies, such as illness, accidents, or death. The company stresses that life insurance is essential for every Nepalese citizen.
Sanima Reliance Life Insurance encourages everyone to stay insured. It believes that expanding insurance coverage strengthens individuals and families economically. By renewing lapsed policies, policyholders protect their loved ones and build a more secure future.
How to Participate
Policyholders can renew their lapsed policies at any of the company’s 169 branch offices across Nepal. This extensive network ensures accessibility for customers in both urban and rural areas.
Moreover, the company provides online payment options for added convenience. Customers can complete the renewal process from their homes or offices. This flexibility helps reach more people, especially those unable to visit branches.
Sanima Reliance Life Insurance’s customer service teams are available to assist throughout the campaign. They guide customers on how to renew policies smoothly and make payments securely.
Company’s Message to Policyholders
Sanima Reliance Life Insurance urges all lapsed policyholders to seize this opportunity. The company reminds them that renewing their policies now avoids losing coverage or paying heavy fees later. It emphasizes the importance of financial protection for policyholders and their families.
The company also asks customers to plan premium payments carefully in the future. This practice will prevent policies from lapsing again and ensure continuous benefits.
Benefits of the Campaign
This campaign offers multiple benefits for policyholders. First, it removes the financial barrier posed by late fees. This relief makes renewal more affordable. Second, it reinstates coverage, safeguarding policyholders and their dependents.
Finally, it builds trust between the insurer and customers. Sanima Reliance Life Insurance shows that it values its clients and supports them during difficult times. This campaign reflects a customer-first approach that can inspire loyalty and confidence.
Conclusion
Sanima Reliance Life Insurance’s late fee waiver campaign provides a valuable chance for lapsed policyholders. The 100% waiver on late fees, limited to one use during the policy period, runs from 15 May to 8 June. It helps customers regain coverage and avoid financial penalties.
By expanding access through branch offices and online payments, the company ensures convenience for all. The campaign highlights the critical role of life insurance in securing financial futures and supporting families.
Sanima Reliance Life Insurance’s initiative demonstrates a strong commitment to its customers. It encourages all policyholders to act quickly and renew their policies within the campaign period. Doing so will protect their coverage, provide peace of mind, and contribute to financial stability.
For more: Sanima Reliance Lapsed Policy Renewal