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Endowment Insurance : Max - 20 year endowment plan


Features: This plan offers the flexibility to enhance the value of policy by using various rider options available. In addition, eligible for bonuses and terminal illness benefits, where one can use 50% of your sum assured at the time of treatment and the balance of the sum assured will be payable to family on the occurrence of the insured event.

General Exculsion: If the life insured dies by suicide, whether sane or insane, within one year from the date of commencement or effective date of revival, the policy will terminate and the surrender value, if any, will be paid
Detail of Max - 20 year endowment plan
Premium Cost (Rs.) 24,150
Minimum entry age (Yrs) 20
Maximum entry age (Yrs) 50
Maximum age at maturity (Yrs) 70 years
Minimum tenure(Yrs) 10
Maximum tenure(Yrs) 40
Grace period 30 days
Pre-mandatory Medicals DNA
Cost of health checkup DNA
Gauranteed bounus amount per thousand Not Applicable
Loyalty bounus DNA
Number of Riders covered 5  
Accidental death and Disability rider Yes  
Waiver of premium Yes  
Additional term benefit Yes  
Critical illness benefit Yes  
Convertible rider (additional life cover) Yes
Loan available Y  
Premium frequency Annually, Semi Annually, Quarterly, Monthly
Conversion option DNA
Revival of Lapse policy Policy can be revived within 3 years after the policy has lapsed
Income tax benefit The premiums paid by the individual under this plan, qualify for income tax rebate under Section 80C of the Income Tax Act (if applicable), while the payback and maturity benefits are exempt from tax under Section 10(10D) of Income Tax Act


To find the best deal,
Compare
Max - 20 year endowment plan
with other provider
  Policy Name Premium (in Rs.) Action
Reliance Endowment Plan 23,070  
HDFC Endowment Assurance Plan 23,575  
HDFC Savings Assurance Plan 29,280  
HDFC Assurance Plan 29,665  
Future Life INSTALife 24,450  
Aviva Anmol Suraksha 34,200  
Tata AIG Assure Security and Growth Plans 34,085  
ING Vysya Reassuring Life Endowment Plan 23,321  
Future Life Assure 24,595  
LIC Jeevan Mitra (Triple Cover Plan) 27,542  
LIC New Janaraksha Plan 24,899  
Max - Life gain Endowment plan 28,615  
LIC Endowment Assurance - (R.P) 23,978  
Bajaj Allianz Life Invest Gain - Diamond 24,874  
Bajaj Allianz Life Invest Gain - Gold 23,510  
Bajaj Allianz Life Invest Gain - Platinum 26,237  
LIC Jeevan Anand 27,550  
LIC Jeevan Mitra (Double Cover Plan) 25,772  
Bajaj Allianz Life Invest Gain - Economy 22,247  
Bajaj Allianz Life Super Saver 37,386  
Shriram Shrilife 24,159  
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