Kumari Jeevan Beema 2X Muddati Khata Plus


    Kumari Jeevan Beema 2X Muddati Khata Plus (KJBMKP) scheme is a fixed deposit scheme developed for the purpose of catering to the need of individual customers who are willing to grow the sum of money by two times at a desired duration with term life insurance facility. We are the first bank and only bank to offer a fixed deposit account with Term Life Insurance coverage. 

    Product Name  

    Kumari Jeevan Beema 2X Muddati Khata Plus 

    Major Highlight   

    Term Insurance equaling the amount of FD (principal) provided   

    Minimum Balance   

    NPR 50,000  

    Maximum Balance   

    NPR 10,000,000 

    Joint Account   

    Not allowed to open   

    Loan Against Fixed Deposit   

    Available. As per Bank Policy   

    *at present 90% of total accrued amount and principal at 15% p.a.    


    Tax on interest shall be paid by the customer on quarterly basis  

    Final Payment  

    Final payment received by the customer shall be the remaining amount after deducting tax from the double amount 

    Insurance Features  

    Insurance Type  

    Term Insurance (group)   

    Insurance Covered   

    Death due to any cause (*barring exclusion)   

    Insurance Provider   

    Mahalaxmi Life Insurance Co. Ltd.   

    Term Insurance Eligible Age  

    Between 18 to 50 Years   

    Minimum Sum Insured   

    NPR 50,000  

    Maximum Sum Insured   

    NPR 10,000,000   

    Medical Test   

    Not required for coverage up to NPR 10,000,000 

    Waiting Period   

    7 days from the date of FD account opened    

    Insurance with Medical Test   

    Above NPR 10,000,000 

    Premium Treatment   


    Insurance Tenure   

    Minimum up to FD Term/ Renewed Annually by Bank as per below table   


    FD Term  

    Insurance Term  

    Kumari Jeevan Beema 2X Muddati Khata  

    6 Years 8 Months 9 Days  

    7 Years   


    What services do we offer for this account type?

    Mobile Banking

    Internet Banking

    Debit/Credit Card

    Locker Service