Close
Explore Products

Max Life Guaranteed Income Plan

Max Life Guaranteed Income Plan

(A Non Participating Unit Linked Pension; UIN:104N085V03)

With Max Life Guaranteed Income Plan, get guaranteed monthly income that grows with time

1 . Why This Plan?

  • Guaranteed Income for 10 years that doubles after 5 years

  • Increasing Income benefit

  • Immediate payout after policy term with no waiting period

2. Eligibility

  • Entry Age :

  • Min. 25 years

  • Max. 60 years ( 6 year policy term); 55 years (12 year policy term)

  • Maturity Age: 66 years (6 year policy term); 67 years (12 year policy term)

  • Policy Term: 6 and 12 years

3. Death Benefit :

In case of death of the Life Insured within the Policy Term, the beneficiary shall receive the following Death Benefit:

  • The lump sum Death Benefit payable is equal to the Death Sum Assured, which is defined as the higher of:

  • 10 times the Annualised Premium;

  • 105% of total premiums paid as on the date of death of Life Insured;

  • Guaranteed Sum Assured on Maturity (GSAM);

  • Any absolute amount assured to be paid on death#;

# Absolute amount assured to be paid on death is equal to the Guaranteed Sum Assured on Death (GSAD) under this product. Guaranteed Sum Assured on Death (GSAD) is defined as 12.75 times Annualised Premium for 6 years Policy Term variant and 18.50 times Annualised Premium for 12 years Policy Term variant.

4. Maturity Benefit :

Minimum GSAM (Guaranteed Sum Assured on Maturity (GSAM) is based on the minimum annualized premium allowed and age of the Life Insured on issuance of the policy under each variant of the plan:

  • 6 year Policy Term (Age - 60 years): Rs. 4,62,960

  • 12 year Policy Term (Age - 55 years): Rs.2,80,887

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: 6 and 12 years

  • Payment Mode: Only Annual mode

7. 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 :

Max Life Guaranteed Income Plan Premium Rates PDF

Commission Disclosure :

Commission Disclosure PDF

Leaflet :

Max Life Guaranteed Income Plan Leaflet PDF

Prospectus :

Max Life Guaranteed Income Plan Prospectus PDF

Disclaimers

The Life Insurance product is offered and underwritten by Max Life Insurance Co. Ltd. The Life Insurance contract is between the Proposer and Max Life Insurance Co. Ltd

Max Life Insurance Company Limited is a Joint Venture between Max Financial Services Limited and Mitsui Sumitomo Insurance Co. Ltd. Max Life Insurance Co. Ltd.11th Floor, DLF Square Building, Jacaranda Marg, DLF City Phase II, Gurugram - 122002 (Haryana). IRDAI Registration No. – 104. For more details on risk factors, Terms and Conditions, please read the Prospectus carefully before concluding a sale. You may be entitled to certain applicable tax benefits on your premiums and policy benefits. Please note all the tax benefits are subject to tax laws prevailing at the time of payment of premium or receipt of benefits by you. Tax benefits are subject to changes in tax laws. Trade logos displayed belong to Max Financial Services Limited and Mitsui Sumitomo Insurance Co. Ltd. respectively and are used by Max Life Insurance Co. Ltd. under a license. Insurance is the subject matter of solicitation. For more details on the rider and the various terms and conditions, please refer to the Rider Prospectus(s) available at www.maxlifeinsurance.com. For further details, call Customer helpline number -1860 120 5577

YES BANK Limited is the Corporate Agent of Max Life Insurance Co. Ltd. Registered Office: YES BANK Tower, IFC – 2, 15th Floor, Senapati Bapat Marg, Elphinstone (W), Mumbai 400 013, India. IRDAI Certificate Regn. No. CA0125 The purchase of a Max Life Insurance product by YES BANK’s customer is purely on a voluntary basis. As YES BANK is not in the business of insurance, there is no link either direct or indirect between the banking services offered by the bank to its customers and use of the insurance products.

Unit Linked Insurance Products are different from the traditional Insurance products and are subject to the risk factors. The Premium paid in Unit Linked Insurance Policies are subject to investment risks associated with capital markets and the NAVs of the units may go up or down based on the performance of fund and factors influencing the capital market and the Policyholder / Insured is responsible for his / her decisions. Max Life Insurance Company Limited is only the name of the Insurance Company and Max Life Guaranteed Income Plan is only the name of the Unit Linked Life Insurance contract and does not in any way indicate the quality of the contract, its future prospects or returns. Please know the associated risks and the applicable charges from your insurance agent or the intermediary or policy document of the insurer. The various funds offered under this contract are the names of the funds and do not in any way indicate the quality of these funds, their future prospects and returns. For more details on risk factors, terms and Conditions please read Prospectus carefully before concluding a sale. Past performance of the funds does not indicate the future performance of the funds.

ARN: Max Life/YBL/Website/GIP/ Jan 2018

BEWARE OF SPURIOUS PHONE CALLS AND FICTITIOUS / FRAUDULENT OFFERS
IRDAI clarifies to public that

  • IRDAI or its officials do not involve in activities like sale of any kind of insurance or financial products nor invest premiums.

  • IRDAI does not announce any bonus.

  • Public receiving such phone calls are requested to lodge a police complaint along with details of phone call, number.

what would you like to do next?

Documents
Share with a friend

Share

Documents Required

  • Commission Disclosures
  • Product Leaflet

Other accounts & programmes

Customizable Savings Accounts Online

  • apply
  • Know more
Max Life-Life Gain Premier

  • Know more
Max Life-Life Perfect Partner Super

  • Know more

  • Know more
download app
Android App for YES BANK
App Store for YES BANK
yes pay wallet

Digital Wallet with free Virtual card and UPI which can be used to send/receive money, mobile/DTH recharge, pay bills and much more

Read More

Share