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Details about  Amsure Max Life Future Secure II – A Traditional Participating, Limited Pay

Amsure Max Life Future Secure II – A Traditional Participating, Limited Pay

Just Purchase this only @ Rs 5/- , We Will contact you

Item Information

Item condition:
New
Ended:
15 Jul, 2014 22:32:33 IST
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Price:
Rs. 5.00
 
 
Shipping:
FREE Flat Rate Courier - Delivery anywhere in India | See details
 
Item location:
TIRUPATI, AP, India
 
Ships to:
India
Payments:
PaisaPay (Credit card, EMI, Debit card, Online Bank Transfer)  |  See payment information
International shipping and import charges paid to Pitney Bowes Inc. Learn More- opens in a new window or tab
Returns:
Replacement and refund for this product is covered through | Learn more
eBay item number:
231278183011
Seller assumes all responsibility for this listing.

Item specifics

Condition:
New: A brand-new, unused and undamaged item that is fully opeartional and functions as intended. See the ... Read moreabout the condition
 

In the journey of life,there is a commitment waiting at every corner. Securing your child's future,looking after your family's well-being, fulfilling your own desires and ambitions, and planning for a cozy retirement – there are quite a few at every life stage. These commitments are not just about creating a comfortable lifestyle, but also ensuring a protection against unforeseen events in the future.


Benefits:

Policy continuance benefit in case the life insured is a minor at the time of proposal. Ensures guaranteed continuance of the policy and benefits in an unfortunate case of death of the proposer during the premium payment term.

Immediate financial support to the family -In the unfortunate case of the death of the life insured, 100% of the sum assured along with the accrued bonuses,if any,is paid to the nominee.

Convenience of paying only for the first 12 years and enjoying life insurance coverage for 20 years along with a maturity benefit.


Benefits:

Policy continuance benefit in case the life insured is a minor at the time of proposal. Ensures guaranteed continuance of the policy and benefits in an unfortunate case of death of the proposer during the premium payment term.

Immediate financial support to the family -In the unfortunate case of the death of the life insured, 100% of the sum assured along with the accrued bonuses,if any,is paid to the nominee.

Convenience of paying only for the first 12 years and enjoying life insurance coverage for 20 years along with a maturity benefit.


Max Life Future Secure II – A Traditional Participating, Limited Pay Endowment, Life Insurance Plan (UIN-104N070V02)
 
Key Benefits
 

Bonuses 

Every year starting from the end of the second policy year

This plan has a compound reversionary bonus. Reversionary bonuses help in increasing the sum assured and hence the insurance cover increases. The reversionary bonus declared in any year is a percentage of the base sum assured and cumulative reversionary bonuses declared in the previous policy years. Reversionary Bonuses are declared from the end of year two onwards, and once accrued, are guaranteed for the life of the contract.

 Bonuses are NOT guaranteed and may be declared at the sole discretion of the Company.

Terminal Bonus

On earlier of Death, Surrender, or Maturity

Terminal bonus is an additionalbonus paid only ONCE, on the earlier of death surrender or maturity if the policy has been in force for at least ten (10) years.

 

Are you Eligible?

Criteria

Eligibility

Minimum/ Maximum Age at Entry of Life Insured

1 year to 55 years (Age Last Birthday) Proposer (if the Life Insured is a minor): 18 to 60 years (Age Last Birthday)

Maximum Maturity Age

75 years

Policy Term

20 years

Premium Payment Term

12 years

Minimum Sum Assured

Rs. 150,000 (Subject to a minimum annual premium of Rs.12,500 excluding service tax and extra mortality premium)

Maximum Sum Assured

Rs. 2 Cr.

Premium Payment Mode

Annual Only

 

read more...

How the plan works?

Mr. Kumar is 35-year-old salaried employee. Mrs. Kumar, age 32, is a homemaker. Three years ago they were blessed with a beautiful daughter, Ananya, who is currently in a play school. Mr. Kumar has always wished that his daughter receives top-quality education and becomes a successful and independent career woman. He wants to save to guarantee best- in-class higher education for Ananya.

He takes Max Life Future Secure II Plan with his 3-year-old daughter as the Life Insured, for a Sum Assured of Rs. 500,000 and an annual premium of Rs. 40,545 (exclusive of service tax).

 

Total PremiumPaid (in 12 years)

Sum Assured

Minimum Guaranteed Payout on Maturity

Total Maturity Payout @ 4%
(Guaranteed + 
non-Guaranteed)

Total Maturity Payout @ 8%
(Guaranteed + 
non-Guaranteed)

Rs. 486,540

Rs. 500,000

Rs. 500,000

Rs. 6,27,072

Rs. 9,88,133

 

In case of an unforeseen death of Mr. Kumar anytime during the payment term, 'policy continuance benefit' ensures that the policy continues without payment of the due premiums after the date of death. The continued participation in bonuses ensures that Ananya's education savings continue uninterrupted and all the benefits remain intact, enabling Ananya to realize her dreams the way her father envisioned for her.

• Kindly note that the above case study is only an example and does not in any way create any rights and/or obligations. The actual experience of the policy may be different from what is shown above. The above scenarios are depicted at 4% and 8% assumed rate of investment returns.

• Bonuses are non-guaranteed and may be declared by the Company from time to time.

• You may be entitled to certain applicable tax benefits on your premiums and policy benefits. Please note that all the tax benefits are subject to tax laws prevailing at the time of payment of premium or receipt of benefits by you. Tax benefits are subject to changes in the tax laws.

 About Premium Payment:

Pay Premiums for 12 years

Premium Mode: Max Life's Future Secure II offers only Annual mode of payment.

Calculator logic 

Same as before, just change the product name, UIN, Logo and remove riders mention. 

For more details on risk factors, terms and conditions please read the sales brochure carefully before concluding a sale.
Tax benefits are subject to change in tax laws. 
Life insurance coverage is available in this product.
Insurance is the subject matter of solicitation.

Questions and answers about this item

No questions or answers have been posted about this item.




Seller assumes all responsibility for this listing.

Shipping and handling

Item location: TIRUPATI, AP, India
Shipping to: India
Domestic handling time
Will usually ship within same business day if paid before 14:00 IST (excludes weekends and holidays). Expected ship time may vary and is based on seller's order cut-off time.

Return policy

Return policy details
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