Money vriksha for your family
Life is full of exciting moments and in this wonderful journey there will be few
uncertainties. Everyone needs the financial support at time of crisis or to meet
various unforeseen needs.
The Max Vriksha™ Money Back (Participating) Policy is an exceptional plan
that provides you regular lump sum payments at fixed intervals to cater to your
periodic needs and keeps the balance for your long-term savings needs. You are eligible
for this policy if you are in the age group of 18-50 years. You can avail the maximum
sum assured up to Rs.2, 50,000. The Policy term is 16 years whereas the premium
paying term for this policy is 12 years.
For more information on Max VrikshaTM, please
click here and provide your contact details. Our Financial Advisor will
contact you soon to provide more information on this product.
"For more details on risk factors, terms and conditions please read sales brochure carefully before concluding a sale".
- Assured High Returns : Guaranteed 150% of sum assured by maturity
- Higher Security: Increasing life cover @ 4% per annum
- Money When You Need It: Periodic money backs at 4th, 8th, 12th year
- Additional Maturity Benefit: Additional regular bonus payable at maturity
- Peace Of Mind: Life Cover Increases even after premiums are fully paid
- Reduced premium burden: Premium reduction of 2% for every year of premium payment
term after 3rd year
- Easy To Plan: Premium to be paid only for 12 years
- Easy to Own: No Medicals
- Easy To Apply: Easy to fill proposal form
- Save Tax: Tax benefits u/s 80C & 10(10D)
- No Obligation: 15 days free look period
- Quality Of Service: Service from an ISO 9001:2000 company
Eligibility Criteria
|
Criteria |
Eligibility |
|
Entry Age
|
18 to 50 year |
|
Max Maturity Age |
66 Years |
|
Policy Term
|
16 years |
|
Minimum Sum Assured
|
Rs. 50,000 |
|
Maximum Sum Assured |
Rs. 2,50,000 |
|
Premium Paying Term |
12 years |
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem
Ipsum has been the industry's standard dummy text ever since the 1500s, when an
unknown printer took a galley of type and scrambled it to make a type specimen book.
It has survived not only five centuries, but also the leap into electronic typesetting,
remaining essentially unchanged.
It was popularised in the 1960s with the release of Letraset sheets containing Lorem
Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker
including versions of Lorem Ipsum.
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem
Ipsum has been the industry's standard dummy text ever since the 1500s, when an
unknown printer took a galley of type and scrambled it to make a type specimen book.
You have the flexibility to direct your investments in any one or more of the following
five unit linked investment funds of the Company: SECURE, CONSERVATIVE, BALANCED,
GROWTH and GROWTH SUPER. These funds invest in Fixed Income and equity assets as
follows
|
Fund
|
Secure fund |
Conservative fund |
Balanced fund |
Growth fund |
Growth super Fund
|
|
Investment type |
|
Government Securities |
50-100% |
50 - 80% |
20 - 50% |
0 - 30% |
0-20% |
|
Corporate Bonds (investment grade) |
0-50% |
0 - 50% |
20 - 40% |
0 - 30% |
0-20% |
|
Money Market Instruments / Cash |
0-20% |
0 - 20% |
0 - 20% |
0 - 20% |
0 - 20% |
|
Equities
|
NIL |
0 – 10% |
10 - 40% |
10 - 70% |
70-100% |
|
|
|
Flexibilities
|
|
Switching: This plan allows you to switch between funds and allows you to change
your risk return profile of your existing investments, safeguarding/increasing your
investments for your child. 6 Free switches are available to you in a Policy Year.
Premium Re-direction: This plan allows you to re-direct your future premiums. You
can invest your future premiums in a fund different from your earlier fund, or to
multiple funds in a ratio different from your earlier ratio. 3 free re-directions
are available to you in a policy year.
Partial Withdrawal: You can make lump-sum partial withdrawals from your funds at
any time after the completion of five policy years and within the policy term chosen,
provided the minimum amount of partial withdrawal is Rs.10,000.
Surrenders: You may by giving us a prior written request, surrender this policy,
at any time after the completion of first policy anniversary, provided an amount
equal to one ATP has been paid by you. However, the surrender value if any shall
be paid only after the completion of third policy anniversary.
|
|