Product Information
Saving And Investment Plans
MahaLife Magic
Synopsis:
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:
- 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:
|
Min entry age |
12 years |
|
Max entry age |
55 years |
|
Max maturity age |
73 years |
|
Policy Term |
18 years |
|
Premium Payment Term |
9 years |