Life Insurance Products

Saving And Investment Plan

MahaLife Magic

Synopsis:

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This is a limited premium paying Non-Linked Participating Endowment Assurance Plan. This is a unique saving plan in which you pay for a short period and stand to gain by maximizing the growth of your money.

Features

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  • Pay for just 9 years and receive a lump sum amount at maturity
  • Bonuses to augment your maturity amount
  • Potential for upside with the bonus components
  • Protection against uncertainties of life for the entire policy term
  • Option to enhance protection through rider
  • Tax Benefits available under Section 80C and 10 (10D) of the Income-Tax Act, 1961

Eligibility:

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Min entry age

12 years

Max entry age

55 years

Max maturity age

73 years

Policy Term

18 years

Premium Payment Term

9 years

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