Kathmandu. Prabhu Mahalaxmi Life Insurance Company is offering up to 75 percent interest subvention on renewal of life insurance policy. Keeping in view the demand of the insured, the company is going to give discount on the insurance policies issued by the company and those who have expired due to various reasons.
The company has said that 75 percent of the insurance policies spent within two years will be exempted from 50 percent on the policies lapsed for two to three years and 25 percent on the insurance policies that have lapsed for more than three years.
If the insurance policies included in this scheme come to be surrendered within two years of the revival, the entire amount of the exemption of late fee provided will be deducted. Once the interest has been waived, interest will not be given again during the insurance period.
