Endowment Plan

Mahalaxmi Dhandhanya Beema
“Mahalaxmi Dhandhanya Beema” is a with-profit (participating) Anticipated Endowment Policy. The policy provides Sum Assured plus vested bonus on death of the life assured during the policy term, a fixed percentage of Sum assured as survival benefit in form structured payments, and a maturity benefit on survival of the policyholder till the end of the policy term. This product shares the profits of the company during the policy term if surplus arises after actuarial valuation, by allocation in the form of simple reversionary bonus. The product offers two policy terms: 15 years and 20 years.
Name of the plan
Mahalaxmi Dhandhanya Beema
Participating/Non-Participating
Participating, Simple Reversionary Bonus
Maximum Age at Maturity
70 years nearest birthday
Minimum Sum Assured
Rs. 50,000 (Fifty thousand)
Rider Available
ADB, TPD, PWB and CI
Premium Payment Term
Equal to Policy Term
Policy Benefits
- On Death
In Case of assured’s death during the policy term, following benefit will be payable 100% Sum Assured + Vested Bonus declared and vested till the time of death - Moneyback
Subject to survival of the assured and policy being in force, two payments of 20% of Sum Assured will be made to the life assured at the interval of 5 years as illustrated below. The Survival Benefit (Money-back) payment shall be made only after receiving the due premiums.
Policy Year / Term 15 yrs 20 yrs
5 20% –
10 20% 20%
15 – 20% - On maturity
On survival of the assured till Maturity, following benefits will be paid: 60% of Sum Assured (i.e. 100% Sum Assured – Total Moneyback payments made) + Vested Bonus will be paid - Surrender Value
The surrender value will be payable on surrender, as prescribed by Beema Samiti, subject to premium having been paid at least for 3 years.
- Benefits (Paid UP)
If Premium payment ceases after at least 2 years, a paid-up value is secured payable on death/ maturity
Reappointment Of CEO
मितिः २०७९।०८।२३ प्रमुख....
Bal Bachat Beema
"Mahalaxmi Bal Bachat Beema" is a participatory Endowment Plan....
Mahalaxmi Saral Jeevan Beema
“Mahalaxmi Saral Jeevan Beema” is a Limited Payment Endowment....
Mahalaxmi Jeevan Surakshya Beema
"Mahalaxmi Jeevan Surakshya Beema" is a term life plan that provides....
Barshik Dhan Firta Beema Yojana
'"Mahalaxmi Barshik Dhanfirta Beema" is an Anticipated Endowment....
Micro Term Assurance Plan
Micro Term Life Product This is Single Premium Micro Term Policy....
Jeevan Herchah Beema
Every parents wish to provide good education to their child and....
Gandaki Bikas Bank Ltd. to sell insurance policy of Mahalaxmi Life Insurance Ltd.
Date: 2076-01-26 A contract has been signed between Gandaki Bikas....
Accidental Death Benefit (ADB) & Permanent Total Disability (PTD) Benefit
Accidental Death Benefit - (ADB) If policy assured dies due....
Accidental Death Benefit (ADB)
If policy assured dies due to accident during the policy period,....
Double Endowment Plan
Guaranteed Return Endowment Plan The plan is a non-participating....
Lagani Firta Myadi Beema
Term Plan with Return of Premium "Mahalaxmi Life Lagani Firta Myadi....
Mahalaxmi Endowment Plan
Mahalaxmi Sabadhik Beema Yojana Mahalaxmi Endowment Insurance Plan....