Max Life Guaranteed Income Plan
Max Life Guaranteed Income Plan – Guaranteed extra income, for your planned as well as unplanned expenses
(A Non-Linked Non Participating Insurance Plan, UIN:104N085V02)
Guaranteed Monthly Income - Get monthly income for 10 years (Payout Period) 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 first five years of the payout period is doubled in the remaining five years.
Immediate payout after policy term - Start enjoying monthly income benefit immediately after the Policy Term (starting next year after all premiums have been paid).
Guaranteed Protection with choice of payout options on death - The plan offers you life cover for the entire Policy Term by providing guaranteed death benefit. On death during the Policy Term, the nominee 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 commutation option wherein you can receive the present value of the survival and death benefit respectively instead of the monthly payouts. This option can be availed anytime once the monthly payout has been started.
Life Insurance coverage is available in this product. 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 available at www.maxlifeinsurance.com , 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. Insurance is the subject matter of solicitation. 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. For further details, call Toll free number 1800 200 5577
YES BANK Limited is the Corporate Agent of Max Life Insurance Co. Ltd. Registered Office: YES BANK Limited, Nehru Centre, 9th Floor, Discovery of India, Dr. A.B. Road, Worli, Mumbai – 400 018. 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.
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
“ARN: Max Life/YBL/Website/GIP/ Jan 2018”
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