“Mahalaxmi Jeevan Surakshya Beema” is a term life plan that provides insurance coverage to the insured during the policy term at very low amount of premium.
Jeevan Surakshya Beema

Name of the plan
Mahalaxmi Jeevan Surakshya Beema
Age of Entry
18 yrs to 65 yrs
Maximum Age of Maturity
70 yrs
Maximum Sum Assured
Rs. 50,000,000 ( Fifty Million) -(in intervals of 10,000)
Grace Period
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30 days in case of yearly, half-yearly and quarterly modes of payment
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15 days in case of monthly mode premium payment
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Benefits 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.
Insurance Plan Type
Non-Participating Term Life Insurance
Policy Term
5 yrs to 30 yrs
Minimum Sum Assured
Rs. 100,000 (One Hundred Thousand)
Mode of Payment
Single, Yearly, Half-Yearly, Quarterly and Monthly
Supplementary Benefits
Accidental Death Benefits (ADB), Permanent Total Disability (PTD) and Premium Wavier Benefit (PWB) available for full policy term, equal to sum assured but not more than Rs. 1,00,00,000 upon payment of additional premium.
First Policy Issued Date: 17th Sept 2019