This is pure cover: it pays your family if something happens during the term, and there is no amount paid back at the end. A life protection plan offered by Prabhu Mahalaxmi Insurance Limited focused on providing life coverage (protection).
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 full sum assured. There is no savings element, so nothing else accrues.
Typical for term plans — confirm the exact terms in the brochure.
If the policy runs to maturity
There is no maturity payout. The premium buys cover for the term, not savings.
Typical for term 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 Jeevan Surakshya Beema?
Jeevan Surakshya Beema from Prabhu Mahalaxmi Life Insurance is a term plan that is pure life cover for a fixed period, with no savings element, and suits people protecting family income or a loan.
Who can buy Jeevan Surakshya Beema?
The entry age for Jeevan Surakshya Beema is 18 – 65 years.
How long does Jeevan Surakshya Beema run?
The policy term for Jeevan Surakshya Beema is 5-30 years.
Premium
Quote on request