Samriddha Jeevan Beema Endowment Plan (Single Premium)
by Prabhu Mahalaxmi Life Insurance
In simple terms: you pay a fixed amount each year, and at the end of the term you get your cover amount back together with the bonus the insurer adds along the way. A participating traditional endowment life plan from Prabhu Mahalaxmi Insurance offered as a single (one‑time) premium — provides sum assured plus bonuses on maturity and death benefit.
Maturity estimator
Estimated value at maturity
—
Declared bonus
Rate by policy term
Declared FY 2081/82
| Policy term | Rate / 1,000 | Prev. year |
|---|---|---|
| 5-9 | Rs 33 | — |
| 10-14 | Rs 33 | Rs 33 |
| 15-19 | Rs 40 | Rs 40 |
| 20-24 | Rs 51 | Rs 51 |
| 25+ | Rs 70 | Rs 70 |
Recent years
- FY 2081/82
- Rs 33–70/ 1,000
- FY 2080/81
- Rs 33–70/ 1,000
- FY 2079/80
- Rs 33–70/ 1,000
- FY 2078/79
- Rs 33–70/ 1,000
- FY 2077/78
- Rs 33–70/ 1,000
Source: Prabhu Mahalaxmi Life Insurance declaration for FY 2081/82
Bonus rates are declared annually and are not guaranteed. Past rates do not guarantee future rates.
What's included
Key highlights
- Single premium plan
- Participating traditional product
- Bonus eligible
- Loan and surrender available
Features
- Single (one‑time) premium option
- Death benefit (sum assured)
- Maturity benefit: sum assured plus bonuses
- Loan and surrender facilities
- Participating (bonus‑bearing) traditional plan
Terms and conditions
- 1. Maturity Benefit: Full sum assured and accrued bonus for the whole policy term is payable on maturity if the policy remains in force and the insured survives till maturity date.
- 2. Death Benefit: Full sum assured and accrued bonus is payable to the nominee upon death of insured within the policy term provided that the policy is in force.
- 3. Tax Benefit: Rs 40,000.00 annual premium is deductible while computing your annual taxable income.
- 4. Payment Method: This option is designed for individuals who prefer to pay the premium as a lump sum payment.
- 5. Riders: Accidental Death Benefit (ADB) , Critical Illness (CI) ,Total Permanent Disability (TPD) Benefit due to accident and Premium Waiver Benefit (PWB).
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 sum assured plus the bonus built up to that date, and the policy ends.
Typical for endowment plans — confirm the exact terms in the brochure.
If the policy runs to maturity
You receive the sum assured plus the bonus built up to that date as a lump sum on the maturity date.
Typical for endowment 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 endowment plans — confirm the exact terms in the brochure.
Optional riders
Accidental Death Benefit
Provides an additional benefit in case of accidental death.
Accidental Death Benefit / Permanent Total Disability
Provides benefit for accidental death and permanent total disability.
Critical Illness
Provides benefit upon diagnosis of covered critical illness.
Medical / Income Benefit
Provides the applicable benefit associated with medical/income protection.
Premium Waiver Benefit
Provides premium-waiver protection when the applicable covered event occurs.
Loan & liquidity
- Policy loan
- Available
- Loan facility
- Up to 90% of surrender value
Questions about this plan
What kind of plan is Samriddha Jeevan Beema Endowment Plan (Single Premium)?
Samriddha Jeevan Beema Endowment Plan (Single Premium) from Prabhu Mahalaxmi Life Insurance is an endowment plan that pairs savings with life cover for a single adult, and suits people who want a guaranteed amount on a fixed future date.
Who can buy Samriddha Jeevan Beema Endowment Plan (Single Premium)?
The entry age for Samriddha Jeevan Beema Endowment Plan (Single Premium) is 18 – 65 years.
How long does Samriddha Jeevan Beema Endowment Plan (Single Premium) run?
The policy term for Samriddha Jeevan Beema Endowment Plan (Single Premium) is 5-52 years.
How much cover can I take on Samriddha Jeevan Beema Endowment Plan (Single Premium)?
The sum assured available on Samriddha Jeevan Beema Endowment Plan (Single Premium) is From Rs 25,000.
What bonus rate does Samriddha Jeevan Beema Endowment Plan (Single Premium) earn?
For FY 2081/82, Prabhu Mahalaxmi Life Insurance declared Rs 33–70 / 1,000 of sum assured on Samriddha Jeevan Beema Endowment Plan (Single Premium). Bonus rates are set each year and are not guaranteed.
Which riders can be added to Samriddha Jeevan Beema Endowment Plan (Single Premium)?
Samriddha Jeevan Beema Endowment Plan (Single Premium) 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