Max Life Assured Wealth Plan
With Max Life Assured Wealth Plan, you guaranteed returns to build your wealth.
Monthly Income Advantage Plan, get guaranteed monthly income for 10 years to meet your recurring expenses and lump-sum benefit ensuring that your dreams for your loved ones are addressed at all times.
1 . Why This Plan?
Get fully guaranteed lump sum maturity benefit to meet your savings goals
Build wealth in a short time by saving systematically through short premium payment term of 5 years and policy term of 10 years
Lump sum death benefit is paid immediately on death of Life Insured ensuring complete financial security for your loved ones in your absence
Enhanced protection through Riders
2. Sum Assured and Eligibility
Sum Assured : Min: Rs.2,09,600
Entry Age :
Min. 8 years
Max. 55 years
Maturity Age: 65
Policy Term: 10 years
3. Death Benefit :
Lump sum ‘Death Benefit’ is payable immediately on the death of the life insured and is defined as the higher of:
10 times the Annualised Premium*,
105% of all premiums paid as on the date of death of life insured,
Guaranteed Sum Assured on Maturity,
Any absolute amount assured to be paid on death#
The policy gets terminated after payment of Death Benefit
* Annualized Premium includes extra premium (if any).
# Absolute amount assured to be paid on death is equal to zero under this product.
4. Maturity Benefit:
Maturity benefit is equal to Guaranteed Sum Assured on Maturity (GSAM). The policy gets terminated after the payment of maturity benefit.
5. Get Tax Benefits:
You may be entitled to certain applicable tax benefits on your premiums and Policy benefits. Please note that all the tax benefits are subject to tax laws prevailing at the time of payment of premium or receipt of benefits by you. It is advisable to seek an independent tax advice.
6. Flexible Premium Payment Options:
Premium Payment Term: 5 years
Payment Mode: Only Annual mode
7. Add Riders:
Max Life Waiver of Premium Plus Rider: Provides waiver of all future premiums in case of Critical Illness or dismemberment or Death (only when Life Insured and Policyholder are different individuals). This product doesn’t have an inbuilt Waiver of Premium benefit and thus rider benefit is an additional benefit.
Max Life Accidental Death and Dismemberment Rider: Provides additional benefits in case of death or dismemberment of the Life Insured due to an accident
Max Life Term Plus Rider: Provides additional lump sum benefit in case of death of the Life Insured.
For more details on Riders, please refer to the respective Rider Prospectus
8. Seamless Claim Settlement Process:
Nominee contacts Max Life and a dedicated Claims relationship officer is assigned to him / her to assist in the claims process.
Link to Claim Settlement Section / FAQs and Numbers.
Calculate Premium Or Talk To Us
Premium Table :
Commission Disclosure :
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