Sanima Reliance Life Insurance was formed from the merger of Sanima Life and Reliance Life. It offers one of the most competitive term premiums in Nepal — and its claim settlement ratio of 80.97% ranks #13 of 14. If keeping your annual premium as low as possible matters to you, Sanima Reliance is worth a close look.
Quick Facts
| Detail | Information |
|---|---|
| Full name | Sanima Reliance Life Insurance Limited |
| NEPSE symbol | SRLI |
| Type | Private/Merged — Nepali-owned |
| Regulator | Nepal Beema Pradhikaran (NIA) |
| Claim ratio FY 2081/82 | 80.97% — NIA Rank: #13 of 14 |
| Claim ratio FY 2080/81 | 81.60% (declining ▼) |
| Entry age | 16 – 60 years |
| Policy terms | 5 – 30 years |
| Riders | Accident, Disability |
Plans Available (FY 2081/82)
Endowment — Dhanalaxmi
- Bonus rate: Rs. 35–70 per 1,000 SA/year — lowest endowment bonus range in Nepal
- Estimated annual premium (Rs. 25L, age 30, 20yr): ~NPR 122,700 — among the lowest
- Riders: Accident, Disability
- Loan & surrender: Yes
Term — Term First
- Estimated annual premium (Rs. 50L, age 28, 20yr): ~NPR 16,500 — second cheapest in Nepal
Whole Life — Whole Life Plan
Bonus: Rs. 40–75/1,000 SA/year.
ULIP — ULIP Plan
Market-linked returns.
Money Back — Money Back Plan
Bonus: Rs. 32–60/1,000 SA/year.
The Premium-Bonus Trade-Off
Sanima Reliance offers the lowest premiums in the market. The trade-off is the lowest bonus rate. This is not a coincidence — lower premiums generally mean less surplus for bonus declarations. If you are a disciplined investor who will invest the premium difference elsewhere, this trade-off works in your favour. If you rely on the endowment’s bonus for long-term accumulation, choose a higher-bonus insurer.
| Sanima Reliance | National Life | Difference | |
|---|---|---|---|
| Annual premium (Rs. 25L, 20yr, age 30) | ~NPR 122,700 | ~NPR 122,400 | NPR 300/yr higher |
| Endowment bonus (midpoint) | Rs. 52/1,000/yr | Rs. 74/1,000/yr | Rs. 22/1,000/yr less |
| 20yr bonus accumulation (Rs. 25L) | ~Rs. 26 lakh | ~Rs. 37 lakh | ~Rs. 11 lakh less |
The premium saving is NPR 300/year. The bonus shortfall over 20 years is approximately NPR 11 lakh. Choose accordingly.
Who Should Choose Sanima Reliance?
Choose Sanima Reliance if:
- You want the lowest endowment or term premium in Nepal
- You are a disciplined investor who will deploy the premium saving independently
- A 80.97% claim ratio (#13 of 14) is acceptable given the competitive premium
- You need a policy term up to 30 years
Consider alternatives if:
- You want maximum bonus accumulation — National Life’s bonus is approximately Rs. 11 lakh more over 20 years on the same policy
- You are under 16 or above 60 — Sanima Reliance’s entry age is 16–60
- You need Critical Illness rider coverage
Data source: NIA Annual Report FY 2081/82. Plan names from NIA product registry (verified April 2026). Premiums are estimates. Claim ratios are amount-based (NPR Crore per NIA Schedules 14 & 15); per-company claim settlement counts are not separately published — only an industry-wide total is available. Full disclaimer →
