Sambridhha Jeevan Beema Endowment Plan - Regular
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. Sambridhha Jeevan Beema Endowment (Regular) is a traditional participating endowment life insurance plan designed for long-term savings and life protection. It provides the sum assured on death and maturity benefits with declared bonuses.
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 eligible) plan
- Flexible premium modes
- Loan and surrender value facility
Features
- Death benefit: Sum assured + bonuses
- Maturity benefit: Sum assured + declared bonuses
- Policy loan and surrender options
- Multiple premium payment modes
- Riders 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
This plan states: Sum Assured + Bonus (as declared)
If the policy runs to maturity
This plan states: Sum Assured + Bonus (as declared)
If death is caused by an accident
With the accidental death rider, an additional amount is paid on top of the sum assured. The rider is optional and carries its own premium.
Typical for endowment plans — confirm the exact terms in the brochure.
Optional riders
Accidental Death Benefit Rider
Additional benefit on accidental death
Critical Illness Rider
Lump sum on diagnosis of covered critical illnesses
Waiver of Premium on Disability
Waives future premiums on permanent disability of proposer
Loan & liquidity
- Policy loan
- Available
- Surrender allowed
- After 3 years
- Paid-up value
- Yes
- Partial withdrawal
- No
What's not covered
- Suicide within waiting period
- War, riots, civil commotion
- Pre-existing illnesses not disclosed
Questions about this plan
What kind of plan is Sambridhha Jeevan Beema Endowment Plan - Regular?
Sambridhha Jeevan Beema Endowment Plan - Regular 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 Sambridhha Jeevan Beema Endowment Plan - Regular?
The entry age for Sambridhha Jeevan Beema Endowment Plan - Regular is 18 – 60 years.
How long does Sambridhha Jeevan Beema Endowment Plan - Regular run?
The policy term for Sambridhha Jeevan Beema Endowment Plan - Regular is 10 – 30 years.
How much cover can I take on Sambridhha Jeevan Beema Endowment Plan - Regular?
The sum assured available on Sambridhha Jeevan Beema Endowment Plan - Regular is Rs 1,00,000 – Rs 1,00,00,000.
What bonus rate does Sambridhha Jeevan Beema Endowment Plan - Regular earn?
For FY 2081/82, Prabhu Mahalaxmi Life Insurance declared Rs 23–73 / 1,000 of sum assured on Sambridhha Jeevan Beema Endowment Plan - Regular. Bonus rates are set each year and are not guaranteed.
What is paid if the insured passes away during the term?
Sum Assured + Bonus (as declared)
What is paid when Sambridhha Jeevan Beema Endowment Plan - Regular matures?
Sum Assured + Bonus (as declared)
Which riders can be added to Sambridhha Jeevan Beema Endowment Plan - Regular?
Sambridhha Jeevan Beema Endowment Plan - Regular can be taken with the following optional riders: Accidental death (ADB), Critical illness (CI). Each rider carries its own premium.
Premium
Quote on request