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Contact Number +977-1 4545740 | 4545741 | 4545742 Contact Email info@mahalaxmilife.com Location Kamalpokhari, Kathmandu

Mahalaxmi Endowment Plan

Untitled-5

“Mahalaxmi Endowment Insurance Plan” combines both the risk coverage and saving element at reasonable premium. This plan, upon payment of level premiums for the policy term, is designed to pay back a lump sum amount of sum assured and bonus declared and vested in the policy after completion of the policy term (i.e. upon maturity) or upon death of the insured person.

  • Name and type of insurance

    Mahalaxmi Endowment Plan/Participating Endowment

  • Policy Term

     5 years to 30 years

  • Mode of Premium Payment

    Yearly, Half-Yearly, Quarterly and Monthly

  • Maximum Sum Assured

    Rs.  5,00,00,000, (in intervals of 10,000)

  • Supplementary Benefits

    ADB and PTD (Accidental Death Benefit and Permanent Total Disability Benefit) and PWB (Premium Waiver Benefit) is available for full policy term, equal to sum assured but not more than 1,00,00,000 upon payment of additional premium.

  • Age at Entry

    18 years to 65 years

  • Maximum Maturity Age

    70 years

  • Minimum Sum Assured

    Rs. 50,000 (Fifty Thousand)

  • Benefits under this policy

    • Death Benefit 
      Full sum assured and accrued bonus is payable upon death of insured provided that the policy is in force till that date.
    • 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.
    • Paid-up Value, Surrender Value and Loan
      The policy will gain paid-up value or surrender value upon payment of premiums for 3 full years. The paid-up calculation is done as per the approved method prescribed by Beema Samiti. Loan of up to 90% of the surrender value can be availed.

First Policy Issued Date: 10th February 2019