India First Maha Jeevan Plan

Recommendations :No

Name of the policy :
India First Maha Jeevan Plan

A brief desciption :

India First Maha Jeevan Plan is a traditional endowment plan catering to your savings and protection needs. A distinguishing factor of this scheme is that it offers three lifecover options to the policyholder - Classic: here the life cover is equal to the amount of sum assured; Silver: life cover is twice the amount of sum assured and Gold: life cover is thrice the amount of sum assured. However just like other endowment plans lack of transparency and clarity, and loads of charges makes the plan worthless.

Started date :11/1/2012
Type of policy :Insurance cum investment
Category :Traditional-Endowment Plan
Insurance :Min- 50,000 Max- 2 Crores
Returns expected :Less than Fixed Deposit
Entry age :5-65 Years
Surrender :Guaranteed Surrender Value= 30% of all premiums paid - 1st year's premium
Minimum amount :Min- 6,000 Max- As per sum assured

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Table of Contents

Table of Contents