Sarbashrestha Aajeevan Beema

by Prabhu Mahalaxmi Life Insurance

Whole lifeParticipatingCode 374
2.9% market share100.0% claims settled

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 whole-life insurance plan from Prabhu Mahalaxmi Insurance. The source page did not provide detailed coverage or premium information.

Declared bonus

Rate by policy term

Declared FY 2081/82

Policy termRate / 1,000Prev. year
0-9Rs 38
10-14Rs 38
15-19Rs 38
20-24Rs 38
25 and aboveRs 38

Recent years

FY 2081/82
Rs 38/ 1,000
FY 2079/80
Rs 38/ 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

Rs
Rs 1.00 lakhRs 2.00 crore
years

Estimated value at maturity

What's included

Key highlights

  • Lifetime protection
  • Simple claims process (typical)
  • Participating/bonus potential (typical)

Features

  • Whole-life coverage
  • Death benefit payable
  • Likely participates in declared bonuses / profits

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.

  1. If the insured passes away during the term

    The nominee receives the sum assured plus the bonus built up to that date, whenever the claim arises — there is no end date on the cover.

    Typical for whole life plans — confirm the exact terms in the brochure.

  2. After the premium-paying term ends

    There is no maturity date. Once the premium-paying term ends, no further premiums are due and the cover stays in force for the rest of the insured's life.

    Typical for whole life plans — confirm the exact terms in the brochure.

Optional riders

Accidental death (ADB)PTD / PWBCritical illness (CI)

No optional riders are attached to this plan.

Questions about this plan

What kind of plan is Sarbashrestha Aajeevan Beema?

Sarbashrestha Aajeevan Beema from Prabhu Mahalaxmi Life Insurance is a whole life plan that covers the insured for life rather than a set number of years, and suits people who want to leave money behind for their family.

Who can buy Sarbashrestha Aajeevan Beema?

The entry age for Sarbashrestha Aajeevan Beema is 18 – 65 years.

How long does Sarbashrestha Aajeevan Beema run?

The policy term for Sarbashrestha Aajeevan Beema is 5-30 years.

What bonus rate does Sarbashrestha Aajeevan Beema earn?

For FY 2081/82, Prabhu Mahalaxmi Life Insurance declared Rs 23–73 / 1,000 of sum assured on Sarbashrestha Aajeevan Beema. Bonus rates are set each year and are not guaranteed.

Premium

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