Max Mangal^TM Endowment Plan

Benefits

Maturity Benefits:

Guaranteed 110% of initial sum assuredThe sum assured is the minimum amount payable to the assured or his/her dependants on the death of the life assured. plus sum insured of paid up additions, if any.

Death Benefit:

Get higher security with an increasing life coverExtended life cover in which the death benefit increases periodically over the policy\'s term. @ 6.5% of initial sum assuredThe sum assured is the minimum amount payable to the assured or his/her dependants on the death of the life assured. at simple rate or an amount equal to initial sum insured.

Flexibility to choose from 3 BonusDividends paid to shareholders from funds created out of additional profits realised by the company. Options:

From third policy year onwards, you may be eligible for bonusDividends paid to shareholders from funds created out of additional profits realised by the company. and these will be paid out, based on your choice of bonusDividends paid to shareholders from funds created out of additional profits realised by the company. options:

• Cash BonusDividends paid to shareholders from funds created out of additional profits realised by the company., where you can take the bonusDividends paid to shareholders from funds created out of additional profits realised by the company. in cash
• PremiumA regular payment made to the insurance company to keep the policy in force. Offset, where you can use the bonusDividends paid to shareholders from funds created out of additional profits realised by the company. to pay a part of your premiumA regular payment made to the insurance company to keep the policy in force.
• Paid Up Additions, where you can use the bonusDividends paid to shareholders from funds created out of additional profits realised by the company. to permanently increase the Sum AssuredThe sum assured is the minimum amount payable to the assured or his/her dependants on the death of the life assured..

However, bonuses are not guaranteed and will be declared by the Company from time to time.

Tax Benefits:

Please note all the tax benefits are subject to tax laws prevailing at the time of payment of PremiumA regular payment made to the insurance company to keep the policy in force. or receipt of benefits by you.

Key Features

Peace Of Mind:

Life cover increases even after premiums are fully paid

Flexibility:

Option to choose policy tenor of 12 or 15 years

Easy To Plan:

Pay premiumA regular payment made to the insurance company to keep the policy in force. only for 6 or 12 years

Easy to Own:

No medicals required

Easy To Apply:

Easy to fill proposal form

No Obligation:

15 days free look periodA period during which a new policy owner is allowed to review and return the policy for full refund of the paid premium, while enjoying the insurance cover.

Quality Of Service:

Service from an ISO 9001:2000 company

Tax Benefits

All the tax benefits are subject to tax laws prevailing at the time of payment of PremiumA regular payment made to the insurance company to keep the policy in force. or receipt of benefits by you.

Additional payout

Non Guaranteed BonusDividends paid to shareholders from funds created out of additional profits realised by the company. payout at maturity

Assured Returns

Guaranteed 110% of Sum AssuredThe sum assured is the minimum amount payable to the assured or his/her dependants on the death of the life assured. on maturity

Higher Security

Increasing life coverExtended life cover in which the death benefit increases periodically over the policy\'s term. @ 6.5% on initial Sum AssuredThe sum assured is the minimum amount payable to the assured or his/her dependants on the death of the life assured. at simple rate in event of death

Examples:

Max New York Life Max Mangal Endowment Plan example for Rs. 50,000 Sum AssuredThe sum assured is the minimum amount payable to the assured or his/her dependants on the death of the life assured.

Example 1:

Example 2:

Example 3:

*The above examples do not create any rights and/or obligations. The actual experience on the contract may be different from given above. The guaranteed and non-guaranteed benefits are applicable only if all due premiumA regular payment made to the insurance company to keep the policy in force.s are paid. The premiumA regular payment made to the insurance company to keep the policy in force. mentioned is exclusive of service tax.

How to Pay PremiumA regular payment made to the insurance company to keep the policy in force.

Choose the most convenient premiumA regular payment made to the insurance company to keep the policy in force. payment option - from paying online to paying at a dropbox. Check ways to pay your premiumA regular payment made to the insurance company to keep the policy in force..