Mahalaxmi Life Insurance introduces Mahalaxmi Child Savings Insurance Scheme

12th Aug, 2021 | Tourism Mail Crew

KATHMANDU, Aug 12: Mahalaxmi Life Insurance Limited has unveiled the Mahalaxmi Child Savings Insurance Scheme at a function yesterday. Chairman of the insurance company Mr. Manoranjan Raman Sharma inaugurated the insurance plan for sale and distribution. 

This insurance plan also has the facility of saving, return on savings and many more. This insurance plan can be taken from 1 month of age until the child reaches 18 years of age. Also, after the child becomes an adult, the authority of the insurance policy will be fully transferred. Under this scheme, insurance amount and earned bonus amount will be provided for the future construction of the child at the end of the insurance period. 

In case of death of the insured due to any reason, 255 sum assured will be paid immediately and the remaining 755 sum assured, earned bonus and interest will be provided at the end of the insurance period.