Bumper Shreevriddhi Jeevan Beema
by Prabhu Mahalaxmi Life Insurance
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 traditional endowment life product from Prabhu Mahalaxmi Insurance providing death benefit and maturity benefit at policy term end. Participating plan with potential bonuses/dividends.
Declared bonus
Rate by policy term
Declared FY 2081/82
| Policy term | Rate / 1,000 | Prev. year |
|---|---|---|
| 0-9 | Rs 33 | Rs 33 |
| 10-14 | Rs 33 | Rs 33 |
| 15-19 | Rs 40 | Rs 40 |
| 20-24 | Rs 51 | Rs 51 |
| 25 and above | Rs 70 | Rs 70 |
Recent years
- FY 2081/82
- Rs 33–70/ 1,000
- FY 2080/81
- Rs 33–70/ 1,000
- FY 2079/80
- Rs 33–70/ 1,000
- FY 2078/79
- Rs 33–70/ 1,000
- FY 2077/78
- Rs 33–70/ 1,000
Source: Prabhu Mahalaxmi Life Insurance declaration for FY 2081/82
Bonus rates are declared annually and are not guaranteed. Past rates do not guarantee future rates.
Maturity estimator
Estimated value at maturity
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What's included
Key highlights
- Participating (bonus-bearing) traditional life plan
- 5% increase in sum assured annually
- Policy loan facility available
Features
- Death benefit (sum assured)
- Maturity benefit sum assured with potential bonuses
- Multiple premium payment frequencies
- Loan facility against policy surrender value
- Possible tax benefits (subject to local law)
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, and the policy ends.
Typical for endowment plans — confirm the exact terms in the brochure.
If the policy runs to maturity
You receive the sum assured plus the bonus built up to that date as a lump sum on the maturity date.
Typical for endowment plans — confirm the exact terms in the brochure.
Optional riders
No optional riders are attached to this plan.
Questions about this plan
What kind of plan is Bumper Shreevriddhi Jeevan Beema?
Bumper Shreevriddhi Jeevan Beema from Prabhu Mahalaxmi Life Insurance is an endowment plan that pairs savings with life cover for a single adult, and suits people who want a guaranteed amount on a fixed future date.
Who can buy Bumper Shreevriddhi Jeevan Beema?
The entry age for Bumper Shreevriddhi Jeevan Beema is 18 – 60 years.
How long does Bumper Shreevriddhi Jeevan Beema run?
The policy term for Bumper Shreevriddhi Jeevan Beema is 10-20 years .
What bonus rate does Bumper Shreevriddhi Jeevan Beema earn?
For FY 2081/82, Prabhu Mahalaxmi Life Insurance declared Rs 23–73 / 1,000 of sum assured on Bumper Shreevriddhi Jeevan Beema. Bonus rates are set each year and are not guaranteed.
Premium
Quote on request