Wealth Max Plan Benefits-wealth-max-plan

Guaranteed Additions are expressed as a % of average Fund Value in the last 12 months and accrue @ 0.25% in the 6th-10th year and 0.60% form the 11th year onwards The insured will get the total Fund Value on Maturity which also includes top-up Fund Value and Guaranteed Additions On death of the policyholder, higher of the Sum Assured net of partial withdrawals made 2 years prior to death or total Fund Value or Basic Fund Value is payable to the nominee if age attained was less than 60 years If age attained was equal to or more than 60 years, higher of Sum Assured net of partial withdrawals made after age 58 years or total Fund Value is payable The Sum Assured will include the top-up Sum Assured and the Fund Value will include the top-up Fund Value and Guaranteed Additions The minimum death benefit will be equal to 105% of all premiums paid till death Income tax benefit on the premium paid as per Section 80C and on claims under Section 10(10D) of the Income Tax Act.