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All of us work hard for the financial protection of our family and ensure they are happy and protected. However, with the uncertainties of life, sometimes make the entire dreams go in vain.IndiaFirst offers Maha Jeevan plan which is a traditional linked participating endowment plan to have a secure future for your loved ones.BUY NOW
The guaranteed sum assured on maturity plus the simple reversionary bonus and terminal bonus, if any is paid at the end of the plan term.
The simple reversionary bonus, if any, will be announced by us at the end of the financial year. The rate of the simple reversionary bonus may vary from time to time.
The policy can help you in getting a loan amount up to 90% of the available surrender value.The minimum loan amount should be ` 1,000.
The amount payable on surrender will be higher of the Guaranteed Surrender Value (GSV) and Special Surrender Value (SSV).
Premiums paid, are eligible for the tax benefits as per Section 80C and the death benefit qualify for tax benefits under section 10 (10D) of the Income Tax Act.
|Age (as on last birthday)||5 Years||55 Years|
|Age at Maturity||20 Years||70 Years|
|Policy Tenure||15 Years||25 Years|
|Premium Paying Term||Regular Pay||-|
|Premium Paying Mode||Annually,half Yearly And Monthly||-|
|Sum Assured||Rs 50,000||Rs 20 Crores|
|Freelook Period||15 Days/ 30 Days (for Distance Marketing Channel) From The Receipt Of The Policy||-|
|Grace Period||30 Days / 15 Days For Monthly Mode||-|
IndiaFirst Term Rider is available under this plan. The additional sum assured will be paid in the case of the untimely death of the Life Assured’s demise.
Let us understand with the help of an illustration for the plan
Policy Holder: Ramesh, 35 years
Policy Term: 15 years
Sum Assured: 3 Lakh
Term Rider : 1 Lakh
Premium: Rs 20,000 annually
Higher of (Guaranteed Sum Assured on maturity ( Rs 3 Lakh) or 10 times Annualized Premium) + Accrued Bonus till death, if any + Term Rider Sum Assured ( 1 Lakh).
The guaranteed sum assured ( Rs 3,00,000) on maturity plus the simple reversionary bonus and terminal bonus, if any is paid at the end of the plan term.