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 to 15 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.

Benefits You Get:

1. Risk Start Period:

Coverage for the child begins 2 years after policy commencement or when the child turns 6, whichever is later. Risk coverage period will start after a year and risk coverage will start immediately in case of child.

2. 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.

3. Premium Waiver Benefit (PWB) and MIB:

On the proposer’s (parent’s) death, future premiums are waived. The child’s full maturity benefit is still paid at the end of the policy term.

4. Death Benefit:

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

·        Full Sum Assured is paid immediately to the nominee.

·        All future premiums are waived — thanks to the Premium Waiver Benefit (PWB).

·        Monthly Income Benefit (MIB): 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:

a. Before Risk Coverage Begins:

• If the child passes away before the risk start date, the total premium paid is refunded to the proposer.

b. After Risk Coverage Has Started:

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

c. In Case of Death of Both Proposer and Child:

• A Lump Sum Death Benefit is paid:
  100% of the Sum Assured + 25% of the SA + all vested bonuses.

d. In Case of Child's Death After Proposer’s Demise:

• The nominee receives 25% of the Sum Assured plus Vested Bonuses, orTotal Premiums Paid, whichever amount is higher.

5. Maturity Benefit:

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

Optional Riders:

Accidental Death Benefit (ADB): Get an additional payout up to Nrs. 50 Lakh in case of the policyholder's accidental death.

Critical Illness Benefit (CI):

Sun Nepal Life Insurance offers a Critical Illness Rider designed to provide financial protection in the event of a serious health diagnosis. This rider ensures that policyholders receive a lump-sum benefit up to Nrs. 50 Lakh upon the diagnosis of any of the 18 specified critical illnesses, including cancer, heart attack, stroke, major organ failure, and so on.