Maxi Saver Plan is the plan for people who want a medium term life insurance with Maxi returns. It provides:
- Flexible interest sensitive plan
- Choice of regular and voluntary contributions
- Life insurance cover
- Excellent returns throughout the term
Type of Product : Interest Sensitive
Minimum Joining Age : 18 years
Maximum Joining Age : 60 years
Minimum Premium : Rs 3,000 equivalent monthly
premium for Regular premium and
Rs 50,000 for Single Premium
Maximum Premium : Unlimited
Premium Frequency : Single, monthly, quarterly, half-yearly or annually
Additional Voluntary Contribution : May be made at any time
Term of Policy : 10 years
Surrender Value : 1. 1st, 2nd and 3rd year, Policy Account less applicable charges
2. 4th year to Maturity, full Policy Account
Benefits at Maturity : Policy Account
Death Benefits : Higher of Amount of Insurance or Policy Account. Extra amount of Insurance, available as an option
Disability Benefits : Higher of Amount of Insurance or Policy Account, available as an option
Joint Benefits : Joint Benefits allowed
Optional Benefits : Accidental Death Benefit, Total and Permanent Disability and Additional Death cover
How do I apply?
Simply contact your BAI sales representative or call us toll free on 800 1000.
You can also visit any of our branches across the island.
*Subject to change in accordance with legislation and tax rates.
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