Should I buy - Max New York Life's - Life Gain Plus?

[Ankit_09]

I am 30 years old, working in govt. undertaking. One agent is asking me to go for Max New York Life's - Life Gain Plus policy. He told me that it's a good policy and will give me good return. He told me that I will get 110% returns. Please advice.

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[Manish_Kumar]

What is your objective of buying this plan?
Is this '110% returns' is return on total deposited premium?

[Ankit_09]

What is your objective of buying this plan?
Is this '110% returns' is return on total deposited premium?

Good Investment Return and Life Insurance Coverage.
Yes. He (agent) told me that it's on the total paid premium over the period on policy.

[VarunD]

Good Investment Return and Life Insurance Coverage.
Yes. He (agent) told me that it's on the total paid premium over the period on policy.

Avoid this plan and buy term insurance and invest the remaining amount in MFs, Gold or other assets.