Sunaulo Bhabisya Jeevan Beema Yojana by Nepal Life Insurance: Complete Guide to Benefits, Features and Coverage

31st May 2026, Kathmandu

The Sunaulo Bhabisya Jeevan Beema Yojana offered by Nepal Life Insurance Company Limited is a comprehensive endowment and whole life insurance plan designed to help individuals build long term financial security while protecting their families against unforeseen risks.

Sunaulo Bhabisya Jeevan Beema

This insurance product combines savings, protection, bonuses, maturity benefits, and optional riders, making it suitable for individuals seeking both wealth accumulation and life coverage under a single policy.

What is Nepal Life Sunaulo Bhabisya Jeevan Beema Yojana

The Sunaulo Bhabisya Jeevan Beema Yojana is a participating life insurance plan that offers both protection and savings benefits. Policyholders can choose between two plan options depending on their financial goals and coverage requirements. The plan is structured to provide maturity benefits, death benefits, bonus accumulation, policy loan facilities, and optional rider coverage. It also offers flexibility through various premium payment modes and policy terms. One of the major attractions of this plan is its ability to provide financial support during the policy term while ensuring long term security for the insured and their beneficiaries.

Plan Options Available

Option 1: Endowment Assurance Plan

This option focuses on savings and protection during the policy term. Upon maturity, the policyholder receives the sum assured along with accrued bonuses, if applicable. It is suitable for individuals seeking a traditional savings oriented life insurance policy with a fixed maturity benefit.

Option 2: Endowment Cum Whole Life Assurance Plan

This option combines endowment benefits with extended life coverage. Under this plan, one hundred percent of the sum assured is paid at the end of the premium paying term. After premium completion, five percent of the sum assured is paid annually on each policy anniversary. Annual payouts continue until the policyholder reaches seventy nine years of age. At age eighty, accumulated bonuses are paid to the policyholder. Additional death coverage remains available after maturity. This option is ideal for individuals looking for regular post retirement income and long term protection.

Eligibility Criteria

The plan offers flexible eligibility conditions suitable for a wide range of customers.

Entry Age
Minimum Entry Age: 18 years
Maximum Entry Age: 65 years

Sum Assured
Minimum Sum Assured: NPR 25000
Maximum Sum Assured: Based on income level and underwriting assessment

Policy Term
Policy Term: 5 to 35 years
Risk Coverage Period Option 2: 15 to 62 years

Maturity Age
Maximum Maturity Age Option 1: 70 years
Maximum Maturity Age Option 2: 80 years

Premium Payment Modes

Policyholders can choose from several methods to clear their dues. The available options include the Yearly mode, Half Yearly mode, Quarterly mode, and Monthly mode. Customers can also opt for the Salary Saving Mode. For those looking to clear the entire premium at once, the Single Premium Mode is available exclusively under Option 1.

Why Choose Sunaulo Bhabisya Jeevan Beema Yojana

Dual Benefit of Savings and Protection
The policy not only provides life insurance coverage but also encourages systematic savings over time.

Bonus Participation
Policyholders are eligible to receive accrued bonuses, which can significantly increase overall returns.

Flexible Plan Selection
Customers can choose between traditional endowment benefits and anticipated whole life benefits based on their financial goals.

Long Term Financial Security
The policy helps create a financial safety net for both policyholders and their families.

Extended Lifetime Benefits
Option 2 provides long term income and protection benefits extending up to eighty years of age and beyond.

Maturity Benefits

Under Option 1
At maturity, the policyholder receives the Full Sum Assured along with the Accrued Bonuses if any are applicable.

Under Option 2
The policyholder receives one hundred percent of the Sum Assured upon completion of the premium payment term. They also receive an annual payout equal to five percent of the Sum Assured until age seventy nine. Finally, the accrued bonuses are payable at age eighty. These benefits help create a structured source of income during later stages of life.

Death Benefits

Option 1
If the insured dies during the premium payment period, beneficiaries receive one hundred percent of the Sum Assured along with any Accrued Bonuses.

Option 2
During the premium payment period, the beneficiaries receive one hundred percent of the Sum Assured plus any Accrued Bonuses. After completion of the premium payment term and before age eighty, the policy pays out fifty percent of the Sum Assured along with the Accrued Bonuses if applicable. This ensures continued protection even after maturity related benefits have begun.

Policy Loan and Surrender Facility

The policy includes loan and surrender provisions to help policyholders manage unexpected financial situations.

Surrender Benefit
The policy becomes eligible for surrender after the completion of three policy years. Additionally, the policyholder must have completed the payment of three full annual premiums.

Policy Loan
After acquiring surrender value, policyholders can obtain a loan of up to ninety percent of the surrender value. This provides liquidity during financial emergencies without terminating the insurance coverage.

Optional Rider Benefits

Policyholders can enhance coverage through additional riders.

Accidental Death Benefit
Provides an additional payout if death occurs due to an accident during the rider term.

Permanent Total Disability Benefit
Offers financial protection if the insured becomes permanently disabled.

Premium Waiver Benefit
Future premiums are waived if the insured suffers permanent total disability.

Critical Illness Benefit
Provides financial support upon diagnosis of specified critical illnesses.

Risks Not Covered

Like most life insurance policies, certain exclusions apply. Claims may be restricted or reduced in situations involving suicide within two years of policy commencement. It also excludes participation in undeclared hazardous occupations, war, rebellion, invasion, or civil unrest. Other exclusions include the violation of civil or military law, and high risk aviation activities other than as a fare paying passenger. However, the policy does not generally restrict foreign travel, migration, or overseas employment except under specified conditions.

Who Should Buy This Plan

This policy is suitable for salaried employees seeking disciplined savings and parents planning long term financial security. It is also excellent for individuals preparing for retirement and business owners seeking life protection and wealth creation. Anyone looking for a combination of insurance coverage and guaranteed savings can benefit from this product. The flexibility of two plan options allows customers to select coverage based on their personal financial objectives.

Final Thoughts

The Sunaulo Bhabisya Jeevan Beema Yojana from Nepal Life Insurance Company Limited is a well rounded life insurance product that combines savings, protection, bonus accumulation, and long term financial security. With flexible policy terms, attractive maturity benefits, optional rider coverage, and whole life protection features, it serves as an effective tool for wealth creation and family protection. Whether you are planning for retirement, building a financial safety net, or seeking lifetime insurance coverage, this plan offers a balanced solution that addresses both present and future financial needs.

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