Mahalaxmi Life Insurance brings innovative insurance scheme for its customers; term insurance, pension insurance and endowment insurance all under single scheme

Mahalaxmi Life Insurance is all-set to launch its new insurance policy “Life Care” scheme for the customers from Jestha 26, 2076. Under this scheme, customers will be entitled to receive benefits of term insurance, pension insurance and endowment insurance with the single insurance policy.

The scheme generally targets for the secure future of the children who shall receive maximum insurance security under it. Following the death of the insured parents, the nominated child shall receive full claim of the insured amount. s/he shall also receive 2.5% survival allowance every quarter out of the total insurance amount as the pension claim.

Likewise, the insured party will receive full insurance amount including the bonus after the expiration of the insurance time when s/he still survives. Moreover, the insured will no longer need to pay insurance premium if s/he meets some accident and procures a permanent disability. In this case, the insured person shall also receive 2.5% of the insured amount as pension insurance for 12 years, as mentioned in the statement.

The young life insurance company has already reached out to locals of 45 different districts with its life insurance awareness events and currently provides services from its 30 branches and sub-branches.