Sambridhha Jeevan Beema Plan by Prabhu Mahalaxmi Life: A Complete Guide to Features, Benefits, and Coverage

31st May 2026, Kathmandu

The Sambridhha Jeevan Beema plan offered by Prabhu Mahalaxmi Life Insurance Limited is a traditional endowment life insurance policy that combines savings and protection in a single financial product.

Sambridhha Jeevan Beema Plan

It is designed to help policyholders build long term financial stability while ensuring life coverage for their dependents. This plan is especially suitable for individuals who want disciplined savings, guaranteed maturity benefits, and financial protection for their families in case of unexpected life events.

What is Sambridhha Jeevan Beema Plan

Sambridhha Jeevan Beema is an endowment insurance plan that provides dual benefits of savings and life insurance protection. During the policy term, the insured pays regular premiums, and upon maturity or death, the policy pays a lump sum amount consisting of the sum assured along with vested bonuses. The plan is structured to support long term financial goals such as retirement planning, wealth creation, and family security.

Key Features of the Plan

The policy is designed with flexible and customer friendly features to serve diverse needs.

Entry Age
Minimum Age: 18 years
Maximum Age: 65 years

Sum Assured
Minimum: NPR 25000
Maximum: No limit, subject to financial underwriting and income verification

Policy Term
Minimum: 5 years
Maximum: 52 years

Premium Payment Modes
Policyholders can select from various payment frequencies. The available options are the Yearly mode, Half Yearly mode, Quarterly mode, and Monthly mode.

Maximum Maturity Age
70 years

Premium Paying Term
Same as the policy term

These features make the plan accessible to a wide range of customers with different income levels and financial goals.

Maturity Benefits

Upon successful completion of the policy term, the insured receives the Full Sum Assured along with the Accrued and vested bonuses. This maturity payout helps policyholders meet long term financial goals such as retirement needs, education funding, or major life expenses.

Death Benefits

In case of death of the insured during the policy term, the nominated beneficiary receives the Full Sum Assured. The payout also includes all Accrued bonuses up to the date of the event. This ensures that the nominee receives financial protection and stability even in the absence of the policyholder.

Tax Benefit

One of the important advantages of this plan is tax savings. An annual premium up to NPR 40000 is eligible for tax deduction. This helps reduce taxable income under applicable tax laws, making the plan attractive for salaried individuals and taxpayers seeking structured financial planning benefits.

Loan and Surrender Facility

The policy provides liquidity options under specific conditions to help policyholders manage financial constraints.

Eligibility
The facility is available after the payment of premiums for three full years. The policy must remain strictly in force to qualify.

Loan Facility
Policyholders can borrow up to ninety percent of the accrued surrender value. This feature ensures financial flexibility during emergencies without terminating the policy.

Paid Up and Surrender Value

If a policyholder stops paying premiums after completing the required minimum period, the policy may acquire a paid up value. The surrender value is calculated based on regulatory guidelines established by the insurance authority. This ensures that policyholders still receive partial benefits even if they choose to discontinue the policy.

Supplementary Benefits or Riders

Additional protection can be added through riders upon payment of an additional premium.

Accidental Death Benefit
Provides an additional payout in case of accidental death, equal to the sum assured or up to NPR 10000000.

Permanent Total Disability
Provides financial support if the insured becomes permanently disabled, with benefits structured similarly up to the sum assured limit.

Premium Waiver Benefit
Waives future premiums if the insured suffers disability, ensuring continued coverage.

Critical Illness Benefit
Provides financial support upon diagnosis of specified critical illnesses, with coverage up to NPR 5000000.

These riders enhance the base plan by adding stronger protection against life uncertainties.

Premium Discounts and Charges

The plan offers structured discounts based on the selected sum assured and the payment mode.

Based on Sum Assured
For a sum assured from NPR 100000 to NPR 199999, a discount of NPR 1 per thousand is provided. For a sum assured of NPR 200000 and above, the discount increases to NPR 2 per thousand.

Based on Payment Mode
Yearly payments grant a 2 percent discount, while Half Yearly payments grant a 1 percent discount. The Quarterly mode carries no discount, and the Monthly mode incurs a 5 percent extra charge due to administrative handling.

Why Choose Sambridhha Jeevan Beema Plan

This insurance plan is suitable for individuals seeking a balance between protection and savings. It combines life insurance protection with long term savings accumulation under a dual benefit structure. It ensures financial protection for dependents in case of unexpected death, and offers multiple payment modes for easier financial management. Additionally, it provides enhanced returns through bonus accumulation and offers instant liquidity via the loan facility without forcing a policy termination.

Who Should Consider This Plan

This plan is ideal for salaried employees seeking tax saving insurance and individuals planning retirement savings. It also serves families needing financial protection, long term investors seeking stable returns, and people looking to build disciplined savings habits. It is particularly useful for those who want both insurance protection and wealth accumulation in a single product.

Final Thoughts

The Sambridhha Jeevan Beema plan from Prabhu Mahalaxmi Life Insurance Limited is a well structured endowment insurance product that combines savings, protection, tax benefits, and long term financial planning. With flexible premium options, bonus accumulation, loan facilities, and optional riders, it provides a comprehensive financial safety net for individuals and families. For those seeking long term stability and guaranteed maturity benefits, this plan remains a strong choice in the life insurance market of Nepal.

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