Chamatkarik Herchah Insurance
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. This is Endowment Assurance Plan that combines both the risk coverage and saving element at reasonable premium. Upon payment of premiums during the policy term, a lump sum amount of sum assured and vested bonus is paid on maturity or death of the insured.
Declared bonus
Rate by policy term
Declared FY 2081/82
| Policy term | Rate / 1,000 | Prev. year |
|---|---|---|
| 5-15 | Rs 50 | — |
| 15 and above | Rs 51 | — |
Recent years
- FY 2081/82
- Rs 50–51/ 1,000
- FY 2080/81
- Rs 33–70/ 1,000
- FY 2079/80
- Rs 50–51/ 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
- Maturity + Death Benefit
- Discount on Premium
- Raiders available
Features
- Maturity Benefit: Full sum assured and accrued bonus is payable on maturity
- Death Benefit: -In case of death during the policy term, 100% sum assured will be paid to the beneficiary immediately.
- Regular monthly income benefit of 2.5% available quarterly upon death
- Loan/Paid up value and surrender value available
- Optional raiders included
- Discount on premium available
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 life insurance 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 on the maturity date.
Typical for life insurance plans — confirm the exact terms in the brochure.
Optional riders
No optional riders are attached to this plan.
Questions about this plan
Who can buy Chamatkarik Herchah Insurance?
The entry age for Chamatkarik Herchah Insurance is 18 – 60 years.
How long does Chamatkarik Herchah Insurance run?
The policy term for Chamatkarik Herchah Insurance is 5-25 Years.
What bonus rate does Chamatkarik Herchah Insurance earn?
For FY 2081/82, Prabhu Mahalaxmi Life Insurance declared Rs 23–73 / 1,000 of sum assured on Chamatkarik Herchah Insurance. Bonus rates are set each year and are not guaranteed.
Premium
Quote on request