Max Life Partner Plus Endowment 75 plan

POSTED BY Sumit ON October 29, 2013 10:09 am COMMENTS (2)

Hello People,
My father  had  bought  the insurance cum pension plan “Life Partner Plus Plan” from Max NewYork  5 years ago for a premium of  app. Rs. 18000.00/- yearly for 20 yrs with my name ( sumit – 25 years) as nominee. The Sum assured is 3,00000.00/- & maturity time written in the policy document is at age 75.

They have given a chart of premium to be paid & money back of the policy. the money back will start after age 60. but all other benefits like annual bonus they have mentioned under the category non-guaranteed.

Now when I see this plan, it lack financial growth as suggested by all to one of fellow here, Navnit.
What should be my plan of action from here , since SV would be less. And now as I paid around 6 yearly installments. I am stuck up in between.

Kindly advice,

Regards,

Sumit

2 replies on this article “Max Life Partner Plus Endowment 75 plan”

  1. MaxLifeIns says:

    DearSumit,
    Life insurance is a long term savings and protection plan and one should not evaluate the returns over a short term. To be able to enjoy the complete benefits of the plan it is recommended that you stay invested through the entire policy term.

    However, we would request your contact details / policy number nd our customer service representative will get in touch with you to address your concerns. A reference number of 12266516 has been assigned to your concern, please quote the same in all your subsequent communication.
    Regards,
    Max Life Insurance

  2. ashalanshu says:

    Dear Sumit, w’d you like to amputate a finger today ot an Arm tomorrow? Choice rests with you.

    thanks

    Ashal

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