Mahalaxmi Life Insurance Company launches Mahalaxmi Bal Bachat Insurance  Scheme; children as young as 1 month can get insured for maximum of 25 years

Mahalaxmi Life Insurance has launched Mahalaxmi Bal Bachat Saving Account aiming to ensure the bright future of young children. The new scheme was unveiled by the chairman of the life insurance company Mr. Manoranjan Raman Sharma.

People can get their newly born infant of just one month insured with the scheme till the 18 years old teenagers for whom the policy term period can be fixed from five years to twenty-five years.

The insured person will get the entire insured amount with the bonus back after the expiry of the insurance term whereas will receive 25% of the insured amount in case of the death of the insured client while the remaining 75% will be paid up after the expiry of the policy, as per the media statement.