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 traditional life insurance plan offered by Prabhu Mahalaxmi Insurance Limited providing death and maturity benefits with participation in declared bonuses.
What's included
Key highlights
- Traditional protection only life plan
- Single premium mode only
- Benefits on death only
Features
- Death benefit (Sum Assured)
- Single premium mode only availiable
- Optional raiders 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 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 Sabaiko Jeevan Beema?
Sabaiko Jeevan 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 Sabaiko Jeevan Beema?
The entry age for Sabaiko Jeevan Beema is 18 – 65 years.
How long does Sabaiko Jeevan Beema run?
The policy term for Sabaiko Jeevan Beema is 1 year.
Premium
Quote on request