Nirdhakka 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 life insurance plan from Prabhu Mahalaxmi providing death and maturity benefits.
Declared bonus
Rate by policy term
Declared FY 2081/82
| Policy term | Rate / 1,000 | Prev. year |
|---|---|---|
| 5-15 | Rs 52 | — |
| 15 and above | Rs 55 | — |
Recent years
- FY 2081/82
- Rs 52–55/ 1,000
- FY 2080/81
- Rs 33–70/ 1,000
- FY 2079/80
- Rs 52–55/ 1,000
- FY 2078/79
- 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
- Traditional participating life plan
- Covers both death and maturity benefits
- Policy loan available
Features
- Death benefit payable to nominee
- Maturity benefit on policy term completion
- Participating bonuses (if declared)
- Policy loan facility against surrender value
- Tax benefits as per local law
- Flexible premium payment options
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 Nirdhakka Jeevan Beema?
Nirdhakka 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 Nirdhakka Jeevan Beema?
The entry age for Nirdhakka Jeevan Beema is 18 – 65 years.
How long does Nirdhakka Jeevan Beema run?
The policy term for Nirdhakka Jeevan Beema is 5-25 Years.
What bonus rate does Nirdhakka Jeevan Beema earn?
For FY 2081/82, Prabhu Mahalaxmi Life Insurance declared Rs 23–73 / 1,000 of sum assured on Nirdhakka Jeevan Beema. Bonus rates are set each year and are not guaranteed.
Premium
Quote on request