Max Life Insurance Company offers various types of Traditional / Investment Plans to its customers with attractive features and benefits. Here is the detailed list of plans along with their respective features and benefits. Max Life Monthly Advantage Plan– It is a comprehensive savings & protection plan that provides guaranteed monthly income for 10 years to meet your recurring expenses and lump-sum benefit, which comprises of non-guaranteed bonuses, at maturity to cater to your long-term financial goals. Few of its features are as follows: Guaranteed Monthly Income – Guaranteed monthly income for 10 years immediately after completion of Premium Payment Term. Lump Sum benefit on Maturity – Accrued Bonus + Terminal Bonus on maturity. Benefits through Riders Tax benefit is available on the premium paid and the claim received. Policy continuance Benefit – in case of eventuality one can get lump sum benefit immediately on death to ensure financial security or can get future premiums waived off and ensure all other benefits are payable to the beneficiary . Survival Benefit = Income Benefit + Maturity Benefit. Max Life Guaranteed Income Plan – Max Life Guaranteed Income Plan offers guaranteed benefits from the very outset. The plan provides for a period of 10 years after the Policy Term. The income payable monthly in the last 5 years of the payout period is twice the income payable monthly in the first 5 years of the payout period. This is followed by a one-time guaranteed Terminal Benefit payable at the end of the Payout Period. It also ensures that the lifestyle of your family is protected against any exigencies. Few of its features are as follows: Guaranteed Monthly Income – Guaranteed monthly income for 10 years along with one time guaranteed Terminal Benefit at the end of the payout period. Guaranteed Income that doubles after 5 years – Guaranteed monthly income offered in the first 5 years of the payout period is doubled in the remaining 5 years. Immediate payout after Policy Term – Monthly Income Benefit immediately after the Policy Term. Guaranteed Protection with choice of payout options on death – The plan offers life cover for the entire Policy Term by providing guaranteed death benefit. On death during the Policy Term, the nomineeA person or firm into whose name the policy is transferred in order to facilitate transactions, while leaving the customer as the actual owner. will have an option to select either a) Lump sum Death Benefit or b) Income for 10 years post death. Flexibility to get monthly income as lump sum – The Plan offers you an option wherein you can receive the present value of the survival and death benefit respectively instead of the monthly payouts. Tax benefit is available on the premium paid and the claim received. Eligibility Details Max Whole Life Super Plan – This is a life insurance plan in which you pay premiums for only a limited number of years and enjoy protection up to the age 100 years. Few of its features are as follows: Guaranteed Life Time Protection – This plan offers protection for life till age 100 which continues through bonuses. At the age of 100, this plan gives you 100% of Guaranteed Maturity Sum Assured along with Accrued paid up additions and Terminal Bonus. Flexible Bonus Option – it allows you to choose from a few bonus options – Bonus paid in cash, Premium Offset – Bonus declared is used to offset future premiums payable, paid up Additions – in this case, bonus declared is used to purchase additional sum assured, which helps to boost the maturity value through power of compounding. Access the money through paid up additions withdrawal – it allows you to withdraw the cash value of the same in case of any need. Customization of Policy. Terminal Illness Benefit – The plan offers unique Terminal Illness benefit, in which if the Life Insured is found to be suffering from terminal illnessA disease that cannot be cured or adequately treated and that is reasonably expected to result in the death of the patient within a relatively short period of time. that is likely to lead to his/her death, within six months of diagnosis in the opinion of registered medical practitioner, the Company will advance 50% of the Guaranteed Maturity Sum Assured (up to maximum of Rs.10 lacs across all policies which provide this benefit) immediately on Policyholder’s request. Rider Benefits are available at nominal charges. Max Life Life Gain Premier Plan – This plan helps to build a corpus in a systematic manner and one can utilize to fulfill the important goals of life. Few of its features are as follows: Flexible Premium Payment Terms and Policy Terms –The plan offers you 6 options to choose from, basis your need 6 or 8 years Premium Payment Terms with Policy Terms of 15 and 20 years 10 years Premium Payment Term with Policy Term of 20 years 12 years Premium Payment Term with Policy Term of 25 years Flexible BonusDividends paid to shareholders from funds created out of additional profits realised by the company. Options – The plan offers the flexibility to choose from 3 bonusDividends paid to shareholders from funds created out of additional profits realised by the company. options basis your need. Guaranteed Maturity Benefit – The plan offers 100% of Guaranteed Maturity Sum Assured on maturity of the policy Guaranteed Death Benefit – The plan offers a guaranteed death benefit to ensure financial security of your loved ones in case of any exigencies Terminal Illness Benefits – In case you are diagnosed to be suffering from a disease, which is likely to lead to death within six months, the Company will pay 50% of Guaranteed Maturity Sum Assured. Guaranteed Solution for Your Child’s Needs -This will ensure policy continuance and availability of funds for your child’s education / marriage at maturity even in your absence Flexibility To Withdraw Money To Meet Any Emergency – You have the flexibility to withdraw the accumulated bonusDividends paid to shareholders from funds created out of additional profits realised by the company.es in case of any need. Tax benefit is available on the premium paid and the claim received. Riders are available at nominal cost. Max Life Future Secure II Plan – This plan is a non-linked, participating, limited pay endowment Life Insurance Plan. This plan helps in fulfills all the commitments at every walk in our life along with a cozy retirement. It helps in securing a financially secured life. Few of its features are as follows: 1. Policy continuance benefit in case the life insured is a minor at the time of proposal. Ensures guaranteed continuance of the policy and benefits in an unfortunate case of death of the proposer during the premium payment term. 2. Immediate financial support to the family In the unfortunate case of the death of the life insured, 100% of the sum assured along with the accrued bonuses, if any, is paid to the nomineeA person or firm into whose name the policy is transferred in order to facilitate transactions, while leaving the customer as the actual owner.. 3. Maturity Benefit – 100% of Sum Assured + Accrued Compound Revisionary Bonus (if any) + Terminal Bonus (if any). 4. Death Benefit – 100% of Sum Assured + Accrued Compound Revisionary Bonus (if any) + Terminal Bonus (if any).
