Mission Great India
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Concept at a Glance:

Up to Rs 20,00,000/- Life insurance without paying the premium*

Up to Rs 5,00,000/-P.A. Pension without contributing any Money*

Up to Rs 2,00,000/- Loan without any security*

*as per T & C of MISSION GREAT INDIA concept

  1. Any person who is citizen of india and has attained aged between 10 years to 40 years can join the concept.
  2. Any person can join the concept by registering himself on www.mgicard.in. cost of MGICARD will be Rs. 499/- plus GST for male and Rs. 299/- plus GST for female or member of BPL family, which he/she can pay within 6 months from the date of registration, if customer does not pay the cost of card within six months of his/her date of registration, still all the benefits under this concept will continue but company will treat the cost of card as loan to customers from the first day of 7th month from the date of registration, and the cost of card plus GST with interest @18% will be recovered from the benefits payable to customer under this concept. Customer will get money back benefits of MGICARD immediate from the date of registration.
  3. Type of plans: There will be three types of plans based on the age of customers at the time of joining the concept. Plan – A (from10yrs to 20 yrs), plan – B(above 20yrs to 30 yrs), Plan – C (above 30 yrs to 40 yrs)
  4. Company will send the card to customers within 15-30 days from the date of payment of cost of card.
  5. An MGI account of the customer will be opened with the company.
  6. Customer has to pay Rs. 1,000/-towards one time account maintenance charges plus govt. levies within next two years of joining the concept subject to his full satisfaction about the concept. If customer will not pay the account maintenance charges within stipulated time of two years than company will treat Rs.1000/- as loan to him/her and interest @18% p.a. will be charged and same will be recovered from the benefits payable under this concept.
  7. Customer has to purchase the products and services from the tie-up or affiliated vendors.
  8. Company will give credit in the customer’s account 20%, 40%, 60%, 80% and 100% of the value different products and services (excluding GST and third party insurance premium) purchased by the customers.
  9. Benefits to customers: ( for detailed benefits go through the terms and conditions of MGI on www: mgicard.in)
    1. Death benefit: Balance in customer’s MGI account or Rs 20, 00,000/- whichever is lower up to 60 years of age.
    2. Survival Benefit: from 61st year if customer survives than he will get Pension @ of 120% in Plan-A, 80% in Plan-B and 40% in Plan-C of the balance credit to his MGI account every year. Subject to maximum Rs. 5, 00,000/- p.a.
    3. loan upto 10% of balance in his/her MGI account subject to maximum Rs. 2,00,000/- without any security.

(For detailed terms and conditions of MISSION GREAT INDIA concept. Please visit www. mgicard.in)

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