Nepal’s first ‘SuryaJyoti Sahi Plan’: Lifetime cover, full refund

KATHMANDU: According to the Insurance Board of Nepal, over 40% of the country’s population currently holds life insurance.

On average, Nepalis purchase policies with total coverage ranging between Rs 600,000 to 650,000 annually.

However, in today’s inflationary and unstable economic climate, experts question whether such coverage can adequately protect families in times of financial crisis.

Financial planners warn that insufficient coverage can leave policyholders and their families vulnerable to future economic risks.

Inadequate insurance may not be able to shoulder responsibilities such as children’s education, treatment of critical illnesses, retirement support, or the economic wellbeing of dependent family members.

Currently, policyholders in Nepal pay approximately Rs 40,000 to 45,000 annually for coverage of Rs 600,000–650,000.

Critics argue that this amount may not provide sufficient financial relief if unexpected events occur.

Key Responsibilities Insurance Should Cover

Experts highlight that life insurance should protect against several critical financial responsibilities:

• Children’s education

• Future security of loved ones

• Treatment costs for critical illnesses

• Coverage against unforeseen economic risks

• Financial security for dependent family members

• Support during old age

SuryaJyoti Life Launches ‘SunJyoti Sahi Plan’

Responding to these gaps, SuryaJyoti Life Insurance has launched the innovative ‘SuryaJyoti Sahi Plan’, designed to offer extensive coverage at an affordable premium.

For the same annual premium of Rs 40,000–45,000 (rates vary by age), policyholders can now secure up to Rs 2.5 million in coverage, offering significant financial relief against potential economic risks.

The plan is marketed under the slogan: “Think Right, Choose Right.” SuryaJyoti Life emphasizes that the plan provides exceptional benefits, aiming to reach every household in Nepal under the concept of “One Insurance per Home.”

Even those who already hold insurance policies may find the Sahi Plan to be a smart second policy, as it offers the following advantages:

• High coverage at minimal premium

• Full return of paid premiums upon reaching age 70

• Lifetime protection even after completing premium payments

• Up to 5–6 times greater financial security compared to other savings-type policies

Unlike other life insurance policies that end coverage after the policy term, the Sahi Plan ensures lifelong protection even after the premium payment period ends.

Policyholders can remain worry-free about losing their financial safety net.

Additional Benefits and Optional Coverages

The Sahi Plan also includes optional and additional benefits:

• Double insurance benefit in case of accidental death

• Full premium waiver in case of permanent disability due to accident

• Monthly disability benefits for at least 10 years based on coverage amount

• Up to Rs 5 million coverage for treatment of 35 critical illnesses, the highest in Nepal

• Access to convenient, regulated loans at preferential rates if required

SuryaJyoti Life’s Track Record

SuryaJyoti Life Insurance has achieved remarkable milestones in the life insurance sector.

The company has completed a historic merger and introduced services providing coverage for the highest number of critical illnesses in Nepal.

It is also the first Nepali life insurance company certified with ISO 9001:2015, and the only company offering up to Rs 5 million for 35 critical illnesses, demonstrating a strong commitment to quality and customer benefit.

With its Sahi Plan, SuryaJyoti Life aims to ensure that policyholders and their families can secure a stable, financially protected future.

Experts recommend that both new and existing policyholders consider this plan for comprehensive protection in today’s unpredictable economy.