Hello,
My brother (25 yrs), had recently bought a insurance cum pension plan “Life Partner Plus Plan” from Max NewYork for a premium of Rs. 25432.00/- yearly for 20 yrs. The Sum assured is 3,91000.00/- & 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.
Can you please explain about it?
-Navit