Prabhu Mahalaxmi Life Offers Up to 75% Discount on Renewal of Expired Policies

Kathmandu — Prabhu Mahalaxmi Life Insurance Company Limited has announced a limited-time discount offer on the renewal of expired life insurance policies. The offer, which begins today Jestha 21 (June 4), will remain in effect until Jestha 31 (June 14).

According to the company, policyholders renewing their lapsed insurance policies can receive up to 75 percent discount on the late fee, depending on how long their policy has been inactive. Specifically, a 75 percent discount will be applied to policies expired within the last two years, while policies lapsed for 2 to 3 years will receive a 50 percent discount. Policies that have been expired for more than three years are eligible for a 25 percent discount.

The company has urged all eligible policyholders to take advantage of this scheme during the stated period and secure the protection offered by life insurance once again. It also clarified that standard terms and conditions will apply to this discount facility.