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A Smart Way to Secure Your Child’s Future with Guaranteed Returns and Life Coverage

The Golden Child Endowment Assurance Policy is a specially designed life insurance plan by Sun Nepal Life Insurance that helps parents build a secure financial future for their children. Combining long-term savings and life protection, this policy ensures that your child’s life goals  whether education, marriage, or career  are financially supported, even in your absence.

Why Choose the Golden Child Plan?

This plan allows you to start early and save consistently for your child while also offering insurance protection. It is suitable for children aged between 1 month to 17 years and offers maturity benefits at the end of the policy term, along with death benefits if the insured child or parent passes away during the policy period.

Risk Start Period:

Coverage for the child begins 2 years after policy commencement or when the child completes 6 years of age, whichever comes later. In case of child is 10 years risk will commence after 1 year and immediate coverage for child age  11 to 17 years .

Benefits You Get:

1. Lump Sum Death Benefit:

In case of the unfortunate death of the parent (proposer) during the policy term, the child receives the full Sum Assured.

2. Premium Waiver Benefit (PWB) and Monthly Income Benefit (MIB):

On the proposer’s (parent’s) death or permanent disability due to accident, future premiums are waived. The full maturity (sum assured plus vested bonus) benefit is still paid at the end of the policy term, and monthly 2% of Sum Assured will be paid to child as Monthly Income Benefit.

3. Death Benefit:

a. In Case of Death of the Proposer (Parent):

•  Lump Sum Benefit : Full Sum Assured is paid immediately to the nominee.
•  Premium Waiver Benefit (PWB) :All future premiums are waived  
• Monthly Income Benefit (MIB) : Up to 2% of the Sum Assured is paid every month until the policy matures, ensuring continued financial support.

b. In Case of Death of the Child 

i. Before Risk Commencement :

• If the child passes away before the risk start date, the total premium of base policy is refunded to the proposer.
• The policy is then terminated.
  

ii. After Risk Commencement:

• 25% of the Sum Assured, along with vested bonus or total premium paid (whichever is higher), is paid to the nominee.
• The policy is then terminated.

(iii). In Case of Death of Both Proposer and Child:

• 100% of the Sum Assured under lumpsum benefit + 25% of the Sum Assured + all vested bonus

(iv). In Case of Child's Death After Proposer’s Demise:

• The beneficiary receives 25% of the Sum Assured plus Vested Bonus, or Total Premiums Paid, whichever amount is higher.

4. Maturity Benefit:

At the end of the policy term, the full Sum Assured along with accumulated bonus is paid if the insured child survives.

Riders:

• Sun Medicare for both Proposer and Child (For Age 5 and Above)
• Critical Illness Benefit (CI)
  
• Premium Waiver Benefit (PWB)
• Monthly Income Benefit (MIB)
• Accidental Death Benefit (ADB)
• ​Lump Sum Benefit (LSB)