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Sep 19, 2014
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Max New York - Mangal Endowment Plan

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Fund Name:

Plan Group: Mangal Endowment

Product Type: Individual

Plan Objective: Saving

Investment Objective

Max Mangal Endowment (Participating) Policy is a unique plan with limited premium paying term by which you can reduce your financial burden and enjoy increasing life cover for the entire term. This Policy will let the customers enjoy a "Mangalmay Life" without any stress and strain.

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Benefits

1.Assured High Returns : Guaranteed 110% of sum assured at maturity
2.Higher Security: Increasing life cover @ 6.5% per annum
3.Additional Maturity Benefit: Additional regular bonus payable at maturity
4.Peace Of Mind: Life Cover Increases even after premiums are fully paid
5.Flexibility: Option to choose tenor of 12 or 15 years
6.Easy To Plan: Pay premium only for 6 or 12 years
7.Easy to Own: No Medicals
8.Easy To Apply: Easy to fill proposal form
9.Save Tax: Tax benefits u/s 80C & 10(10D)
10.No Obligation: 15 days free look period
11.Quality Of Service: Service from an ISO 9001:2000 company

Sum Assured Details

Rs. 2,33,236 for 12 year term
Rs. 2,09,424 for 15 year term

Entry Age Details

Entry Age - 18 to 50 year

Revival Details

Within three years after the Policy has lapsed you may apply in writing for revival of the Policy, if you have not surrendered it for cash. All overdue Premiums must be paid together with interest at such rates as may be declared by us from time to time. The revival of the Policy shall take effect only after its revival is approved by us and communicated to you in writing. Upon revival the Company shall pay all benefits that would have become due and payable under the Policy had the policy not lapsed.

Maturity Age Details

65 years for 15 year plan
62 years for 12 year plan

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