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 traditional life insurance plan offered by Prabhu Mahalaxmi Insurance Limited providing death and maturity benefits with participation in declared bonuses.
What's included
Key highlights
- Traditional protection only life plan
- Single premium mode only
- Benefits on death only
Features
- Death benefit (Sum Assured)
- Single premium mode only availiable
- Optional raiders available
Terms and conditions
- Benefit under this policy: Full sum assured is payable to the nominee upon death of insured within the policy term provided that the policy is in force. No amount will be provided upon maturity
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
Loan & liquidity
- Policy loan
- Not available
Questions about this plan
What kind of plan is Sabaiko Jeevan Beema?
Sabaiko Jeevan 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 Sabaiko Jeevan Beema?
The entry age for Sabaiko Jeevan Beema is 18 – 65 years.
How long does Sabaiko Jeevan Beema run?
The policy term for Sabaiko Jeevan Beema is 1 year.
How much cover can I take on Sabaiko Jeevan Beema?
The sum assured available on Sabaiko Jeevan Beema is From Rs 1,00,000.
Which riders can be added to Sabaiko Jeevan Beema?
Sabaiko Jeevan Beema can be taken with the following optional riders: Accidental death (ADB). Each rider carries its own premium.
Premium
Quote on request