This is pure cover: it pays your family if something happens during the term, and there is no amount paid back at the end. A life protection plan offered by Prabhu Mahalaxmi Insurance Limited focused on providing life coverage (protection).
What's included
What happens in each case
Each plan pays out differently depending on what happens during the term. These are the situations that matter for this kind of plan.
If the insured passes away during the term
The nominee receives the full sum assured. There is no savings element, so nothing else accrues.
Typical for term plans — confirm the exact terms in the brochure.
If the policy runs to maturity
There is no maturity payout. The premium buys cover for the term, not savings.
Typical for term plans — confirm the exact terms in the brochure.
If death is caused by an accident
With the accidental death rider, an additional amount is paid on top of the sum assured. The rider is optional and carries its own premium.
Typical for term plans — confirm the exact terms in the brochure.
Optional riders
Accidental Death Benefit (ADB)
Additional accidental death benefit according to rider conditions.
Permanent Total Disability Benefit (PTD)
Benefit for permanent total disability according to rider conditions.
Premium Waiver Benefit (PWB)
Premium waiver benefit according to rider conditions.
Critical Illness Benefit (CI)
Critical illness benefit according to rider conditions.
Loan & liquidity
- Policy loan
- Not available
Questions about this plan
What kind of plan is Jeevan Surakshya Beema?
Jeevan Surakshya Beema from Prabhu Mahalaxmi Life Insurance is a term plan that is pure life cover for a fixed period, with no savings element, and suits people protecting family income or a loan.
Who can buy Jeevan Surakshya Beema?
The entry age for Jeevan Surakshya Beema is 18 – 65 years.
How long does Jeevan Surakshya Beema run?
The policy term for Jeevan Surakshya Beema is 5-30 years.
Which riders can be added to Jeevan Surakshya Beema?
Jeevan Surakshya Beema can be taken with the following optional riders: Accidental death (ADB), PTD / PWB, Critical illness (CI). Each rider carries its own premium.
Premium
Quote on request