Sanima Reliance Life Insurance was formed from the merger of Sanima Life and Reliance Life – one of the consolidations driven by the Nepal Insurance Authority’s higher capital rules. On our derived measure it sits at 80.97% for FY 2081/82, ranking #13 of 14, and its riders cover accident and disability. Its term and endowment base rates are among the more competitively priced in our data. This review covers its plans, how reliably it pays, and who it suits.
Quick Facts
| Detail | Information |
|---|---|
| Full name | Sanima Reliance Life Insurance Limited |
| NEPSE symbol | SRLI |
| Type | Private, Nepali-owned (merger of Sanima Life + Reliance Life) |
| Regulator | Nepal Beema Pradhikaran (NIA) |
| Market share (premium) | 3.86% |
| Life fund | NPR 19.30 arba |
| Claim ratio FY 2081/82 (derived) | 80.97% (rank #13 of 14) |
| Claim ratio FY 2080/81 (derived) | 81.60% (declining slightly) |
| Total claims paid FY 2081/82 | NPR 1.77 billion (Rs. 177.12 crore) |
| Entry age | 16 – 60 years (adult plans) |
| Policy terms | 5 – 30 years |
| Riders | Accident, Disability |
Claim Settlement Ratio: An Honest Look at #13
An honest note on the number first. The NIA does not publish a per-company “claim settlement ratio.” It publishes claims paid and claims outstanding for each insurer, and the 80.97% here is a ratio we derive from those (claims paid divided by claims paid plus outstanding). It is amount-based, a year-end snapshot, and excludes rejected claims.
Sanima Reliance ranks #13 of 14 on this measure. In FY 2081/82 it paid Rs. 177.12 crore (about NPR 1.77 billion) in claims, with roughly a fifth of its claim value still sitting in the outstanding queue at year-end – which is what pulls an amount-based ratio down. As a relatively young merged insurer with a smaller book than the market leaders, a sizeable pending queue weighs more heavily on the percentage. The figure dipped slightly from 81.60% the year before. Read this for what it is: it reflects an outstanding/pending queue at a point in time, not proof of denied claims (rejections are not in the formula), so it is fair to ask the company about its settlement timelines rather than to assume the worst.
Plans Available (FY 2081/82)
Endowment: Saral Endowment Policy (flagship)
Its main savings-plus-protection plan, and one of a broad endowment menu it sells (others include Limited Endowment, Triple Endowment, Joint Life Endowment, and a child plan). It pays the sum assured plus accumulated bonus at maturity, or the full sum assured to your nominee on death during the term. See the full list on Sanima Reliance Life’s own site.
- Endowment bonus (FY 2081/82): Rs. 35 to Rs. 70 per 1,000 sum assured per year
- Riders available: Accident, Disability
- Policy loan: Yes, after 3 years | Surrender: Yes
Term: Term Assurance Policy (flagship)
Pure life protection – the highest cover for the lowest premium. Sanima Reliance’s term base rate is among the lower ones in our data, so it is worth a look if price is your priority. It also offers Micro Term Assurance and group term plans (including a one-year renewable group term).
Whole Life: Endowment-cum-Whole-Life
Sanima Reliance offers lifelong cover through its Endowment Assurance cum Whole Life plan (coverage continues to age 100) and a Limited Paying WholeLife plan – lasting protection combined with a savings benefit.
Don't buy based on reviews alone. Compare claim ratios and IRR instantly.
Compare All PlansMoney Back: Annual Money Back Policy (flagship)
An anticipated-endowment plan that pays back a fixed 5% of the sum assured each year from the second policy year until maturity, with full life cover maintained throughout – designed for buyers who want a regular cash inflow during the term. Sanima Reliance also offers a Dhanapati money-back plan for the same need.
A Note on Bonus Rates
Sanima Reliance’s declared endowment bonus for FY 2081/82 is Rs. 35 to Rs. 70 per 1,000 sum assured (dual-sourced from Beemapost and its own declaration). That is a mid-range rate – contrary to a common claim, it is not the lowest in Nepal; several insurers declare similar or lower floors. Its money-back plan pays a lower bonus in the Rs. 32 to Rs. 42 range. Rates differ by plan type and policy term, so confirm the bonus for the specific plan you are buying. To weigh insurers side by side, see our comparison of all 14 companies.
Who Should Choose Sanima Reliance?
Choose Sanima Reliance if:
- Price is your priority – its term and endowment base rates are among the more competitive in our data
- You want an annual cash-back plan (5% of the sum assured each year from year two)
- You accept a #13-of-14 claim ratio, understanding it is an amount-based snapshot, not proof of denial
Consider alternatives if:
- You want the strongest claim record – Asian Life (98.85%), Sun Nepal (98.71%), and most other insurers rank well above on this measure
- You want the highest bonus – National Life (up to Rs. 85) declares more than Sanima Reliance’s range
- You are under 16 or above 60 – Sanima Reliance’s adult entry age is 16 to 60
See Your Own Numbers
Premiums depend on your age, sum assured, and term, so a single sample figure can mislead. Use the Premium Calculator to compare Sanima Reliance’s estimated premium against all 13 other insurers for your exact inputs.
Data source: NIA Annual Report FY 2081/82 (Schedules 14 and 15) for financials and claim amounts; plan names from Sanima Reliance Life’s own website; bonus rates from Beemapost and the company’s own declaration. The claim “ratio” is our amount-based derivation (claims paid over paid plus outstanding, in NPR crore); the NIA does not publish a per-company settlement ratio. Any premium shown by our calculator is an estimate, not a quote. Full disclaimer.