Sarbashrestha Aajeevan Beema
by प्रभु महालक्ष्मी लाइफ इन्स्योरेन्स
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 whole-life insurance plan from Prabhu Mahalaxmi Insurance. The source page did not provide detailed coverage or premium information.
परिपक्वता अनुमान
अनुमानित परिपक्वता रकम
—
Declared bonus
Rate by policy term
Declared FY 2081/82
| Policy term | Rate / 1,000 | Prev. year |
|---|---|---|
| 5-9 | Rs 38 | — |
| 10-14 | Rs 38 | Rs 38 |
| 15-19 | Rs 43 | Rs 43 |
| 20-24 | Rs 54 | Rs 54 |
| 25+ | Rs 73 | Rs 73 |
Recent years
- FY 2081/82
- Rs 38–73/ 1,000
- FY 2080/81
- Rs 38–73/ 1,000
- FY 2079/80
- Rs 38/ 1,000
- FY 2078/79
- Rs 35–70/ 1,000
- FY 2077/78
- Rs 35–70/ 1,000
Source: प्रभु महालक्ष्मी लाइफ इन्स्योरेन्स 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
- आजीवन सुरक्षा
- साधारण दावी प्रक्रिया
- परम्परागत लाभ (बोनस) सम्भावना
Features
- आजीवन कवरेज (Whole life)
- मृत्यु लाभ उपलब्ध
- परम्परागत लाभप्राप्ति (profit participating) सम्भावना
Terms and conditions
- 1)Maturity Benefit: Full sum assured and accrued bonus is payable on maturity if the policy remains in force and the insured survives till maturity date. In addition, the insured will again receive sum assured if he/she survives till completion of 84 years of age.
- 2)Death Benefit: Full Sum Assured and accrued bonus is payable to the nominee upon the death of insured within the policy term provided that the policy is in force. Further, full sum assured will be paid to the nominee if the insured surviving till policy maturity unfortunately dies before completion of 84 years of age.
- 3)Paid-up value, Surrender value and Loan: The policy will gain paid up value or surrender value upon payment of premiums for full 3 years in Nepal. The paid-up calculation is done as per the approved method prescribed by Beema Pradhikaran. Loan upto 90% of the surrender value can be availed. The policy can be surrendered during the policy term only after the completion of 3 years. Loan and surrender value can be provided to the policyholder even after the maturity of the policy till his/her completing 84 years of age, provided that the policy remains in force till the end of the policy term.
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, whenever the claim arises — there is no end date on the cover.
Typical for whole life plans — confirm the exact terms in the brochure.
After the premium-paying term ends
There is no maturity date. Once the premium-paying term ends, no further premiums are due and the cover stays in force for the rest of the insured's life.
Typical for whole life 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 whole life plans — confirm the exact terms in the brochure.
Optional riders
Loan & liquidity
- Policy loan
- Available
- Loan facility
- Up to 90% of surrender value
Premium
Quote on request