Magnum Fortune Plus
In a world teeming with life goals ranging from providing the best education for your children, planning their weddings, securing a comfortable retirement, to ensuring the financial well-being of your loved ones, the path to realizing these aspirations becomes more accessible through a tailored Unit-Linked Life Insurance solution.
Key Advantages - Magnum fortune Plus
The key advantage of Magnum Fortune Plus is its dual benefit of protection and potential market-linked returns. Here are the key advantages of this plan:
Dual Benefits
Magnum Fortune Plus offers both wealth accumulation and comprehensive life coverage, ensuring your financial security and your family's well-being.
Customized Investment
Tailor your investment journey with flexible premium payment terms, policy terms, and sum assured multipliers, making it truly your own.
Strategic Growth
Choose between two portfolio strategies – "Wealth Maximiser" and "Trigger Based Portfolio Strategy" – to match your risk tolerance and financial goals.
Enhanced Protection
Opt for optional riders such as Accidental Death Benefit and Critical Illness Benefit, ensuring comprehensive coverage for life's uncertainties.
Hassle-Free Application
With essential documents in hand, applying for Magnum Fortune Plus ULIP plan is convenient and straightforward.
Tax Benefits
Enjoy tax benefits on premiums paid and benefits received, optimizing your tax planning.
How Magnum Fortune Plus Works?
You can choose the premium payment term, policy term, and investment strategy, tailoring the plan to your financial goals:
- Tailor Your Plan: Begin your journey by customizing your policy term, premium payment term, and premium amount, aligning them with your financial comfort and goals.
- Choose Your Life Cover: Select a life cover that ensures your family's financial security, providing peace of mind throughout the policy duration.
- Strategic Fund Selection: The plan empowers you to align your savings goals with a fund/strategy that resonates with your financial objectives, enabling you to potentially maximize returns.
Eligibility - Magnum Fortune Plus
Magnum Fortune Plus is open to individuals seeking both insurance coverage and wealth accumulation, offering a comprehensive financial solution:
- Entry Age: The age at which you can initiate the policy.
- Maturity Age: The age at which the policy matures, offering you the accumulated benefits.
- Premium Payment Term/Policy Term: Tailor the term to match your financial timeline.
- Minimum and Maximum Sum Assured: Flexibility to choose a life cover that suits your family's needs.
- Premium Payment Frequency: Choose from different premium payment frequencies to suit your financial rhythm.
- Minimum and Maximum Premium: Adapt the premium amount to your financial capacity.
Policy Benefits - Magnum Fortune Plus
Magnum Fortune Plus ensures financial growth and protection for your loved ones, making it a valuable addition to your financial portfolio:
- Choose a ULIP: Select a Unit-Linked Insurance Plan that aligns with your financial goals and risk tolerance.
- Pay the Premium: Initiate the plan by paying the premium amount.
- Applicable Charges: Understand the applicable charges associated with the plan.
- Net Investable Premium: The amount remaining after deducting applicable charges.
- Fund Investment: Your chosen fund receives your invested amount.
- Accrued Returns: Over time, returns accumulate in the policy fund value, aiding the growth of your investment.
