Quote Originally Posted by mainak18 View Post
At first I'm very thankful to you(Matrix) for your valuable information. Today I'm talking with my Agent again and he told me that plan name is "Max Life Life Perfect Partner Super". As per his(agent) information I'm describe it properly. At the 1st Year when I'm starting my plan I will give Rs.12,000 at a time and no more pay within one year. But from the second year I will give Rs. 1,000 per month (Rs.12,000 pa) and not given it at a time I can pay month by month. It will be continued to next 9 years (Total payment years 10). After 10 years I will get 7.5% - 10% return per year on my deposit amount i.e. Rs. 1,20,000. This will be continued till my death. As per your information this particular plan is Rs.25,000 pa. So my question is:

1. This plan (Rs.12,000 pa) being verified for "Max Life Life Perfect Partner Super"?
As told by @policywala in the thread above, I was wrong and the plan as told by your agent is available.

1- Max Life Partner Plus Plan is an endowment plan providing retirement benefits.
2- Every year from 61 years to 75 years, 7.5% of the Sum Assured is paid out as Guaranteed Payment while the Life Cover continues till the end of the Policy Term at 75 years of age.
3- At the end of the Policy Term, i.e. when the Life Insured is 75 years of age, the person receives 100% of the Sum Assured + Paid Up Additions (if any).
4- Returns expected : Less than Fixed Deposit

2. If not kindly refer me a suitable plan for my future so that I will get good amount of money in my future. It's not necessary that will be a pension plan.

I'm waiting for your valuable information. So it's request kindly reply me ASAP.

Thanks in advance...
It you are looking for pension plan. I would avoid that from any insurance company. Instead of that I buy term insurance plan and invest remaining amount in long term equity mutual fund.