Contact Number +977-1 4545740 | 4545741 | 4545742 Contact Email info@mahalaxmilife.com Location Kamalpokhari, Kathmandu
“Mahalaxmi Sawadhik-Aajeevan Beema” is a unique plan that combines features of both Endowment as well as Whole Life Insurance Plan. This plan has features of saving as well as risk coverage during the term of the policy and it pays 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. Further, the policy remains in force for the Basic Sum Assured till completion of 84 years of the insured.
[info_list icon_color=”#7d2d50″ font_size_icon=”24″ eg_br_width=”1″][info_list_item list_title=”Name of the plan” list_icon=”Defaults-check”]

Mahalaxmi Sawadhik-Aajeevan Beema

[/info_list_item][/info_list][info_list icon_color=”#7d2d50″ font_size_icon=”24″ eg_br_width=”1″ el_class=”plan-list”][info_list_item list_title=”Age at Entry” list_icon=”Defaults-check”]

18 yrs to 65 yrs

[/info_list_item][/info_list][info_list icon_color=”#7d2d50″ font_size_icon=”24″ eg_br_width=”1″ el_class=”plan-list”][info_list_item list_title=”Minimum Age at Maturity” list_icon=”Defaults-check”]

18 yrs

[/info_list_item][/info_list][info_list icon_color=”#7d2d50″ font_size_icon=”24″ eg_br_width=”1″ el_class=”plan-list”][info_list_item list_title=”Minimum Sum Assured” list_icon=”Defaults-check”]

Rs. 50,000

[/info_list_item][/info_list][info_list icon_color=”#7d2d50″ font_size_icon=”24″ eg_br_width=”1″ el_class=”plan-list”][info_list_item list_title=”Maximum Sum Assured” list_icon=”Defaults-check”]

Rs. 250,000,000 (at interval of Rs. 10,000)

[/info_list_item][/info_list][info_list icon_color=”#7d2d50″ font_size_icon=”24″ eg_br_width=”1″ el_class=”plan-list”][info_list_item list_title=”Supplementary Benefits” list_icon=”Defaults-check”]

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

[/info_list_item][/info_list]

[info_list icon_color=”#7d2d50″ font_size_icon=”24″ eg_br_width=”1″][info_list_item list_title=”Policy Type” list_icon=”Defaults-check”]

Participating Endowment cum Whole Life Plan

[/info_list_item][/info_list][info_list icon_color=”#7d2d50″ font_size_icon=”24″ eg_br_width=”1″ el_class=”plan-list”][info_list_item list_title=”Policy Term” list_icon=”Defaults-check”]

5 yrs to 30 yrs

[/info_list_item][/info_list][info_list icon_color=”#7d2d50″ font_size_icon=”24″ eg_br_width=”1″ el_class=”plan-list”][info_list_item list_title=”Maximum Age at Maturity” list_icon=”Defaults-check”]

70 yrs

[/info_list_item][/info_list][info_list icon_color=”#7d2d50″ font_size_icon=”24″ eg_br_width=”1″ el_class=”plan-list”][info_list_item list_title=”Mode of Payment” list_icon=”Defaults-check”]

Single, Yearly, Half-Yearly, Quarterly or Monthly

[/info_list_item][/info_list][info_list icon_color=”#7d2d50″ font_size_icon=”24″ eg_br_width=”1″ el_class=”plan-list”][info_list_item list_title=”Benefits under this policy” list_icon=”Defaults-check”]

  • 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.
  • 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. 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.
  • 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 up to 90 % of the surrender value can be availed. The policy can be surrendered during the policy term only after completion of 3 years. Loan and surrender value can be provided to the policyholder even after 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.

[/info_list_item][/info_list]

First Policy Issued Date: 17th August 2019