Life Pay Money Back max new york Plan:-
Feature:-
Life Pay™ Money Back (Participating Plan) will keep paying you a part of the Sum Assured at regular intervals, to take care of your periodic foreseen needs, and the balance keeps growing to take care of your long term saving needs, as well as provides insurance coverage till maturity. And in case of any unforeseen event also, this plan helps you provide for your family's protection needs by paying an amount equal to the sum assured plus bonuses, if any.
In addition this policy is also eligible for bonuses. The Company may declare bonuses, from time to time, and these will be paid out to you, based on your choice of bonus options. This plan also provides various benefits on death of the life insured, where sum assured plus sum assured of paid up additions, bought out of your bonuses, will paid out immediately to the beneficiary. Further, with the customized options, you can enhance the value of your plan or customize it to suit your individual needs by adding various rider options available under this plan. key benifit:-
- Guaranteed Financial Protection
- Money Backs at Regular Intervals
- Tax benefits on premiums and maturity proceeds
- Additional protection through riders
- Bonus declared every year after the 3rd policy year
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