Benefits-mahalife-magic-plan

On Maturity, the policyholder gets the Sum Assured and the accrued bonuses On Death, the Sum Assured along with the accumulated vested bonuses is paid which should be a minimum of 105% of all premiums paid The Sum Assured payable on death would be higher of 10 times the annual premium or Basic SA Premiums paid and claims received are exempted from taxation under Section 80C and 10(10D) of the Income Tax Act.