Close
Explore Products

Max Life Guaranteed Lifetime Income Plan

Max Life Guaranteed Lifetime Income Plan

(A Non Participating Unit Linked Pension; UIN:104N076V08)

With Max Life Guaranteed Lifetime Income Plan, convert your life-savings into a life-long income

1. Why This Plan?

  • Guaranteed income for your needs, as long as you live

  • In your absence, your partner can continue receiving the income under the joint life annuity

  • After the death of the annuitant(s), nominee will get the purchase price of the policy

  • Flexible payout options

  • Multiple Annuity Options – Single Life or Joint Life Annuity to receive payments as long as you or your partner is alive

2. Eligibility :

  • Entry Age : Min. 50 years, Max. 80 years

3. Annuity Options :

  • Single Life Annuity for life (without any death benefit):

  • You will receive a fixed income, guaranteed at the policy inception, throughout your life.

  • Single Life Annuity for life with Return of Premium (ROP) payable on death:

  • You will receive a fixed income, guaranteed at the policy inception, throughout your life. On death, 100% of the purchase price (excluding all applicable taxes, cesses and levies as imposed by the Government) will be paid to your nominee.

  • Joint Life Annuity for life (without any death benefit):

  • You can extend the lifelong income benefit to your life partner (annuitant) with Joint Life Annuity for life. A fixed income, guaranteed at the policy inception, will be paid as long as at least one of the annuitants is alive. Payments will cease on the death of the last survivor (annuitant).

  • Joint Life Annuity for life with Return of Premium (ROP) payable on death of the last survivor:

  • A fixed amount, guaranteed at the policy inception, will be paid as long as at least one of the annuitants is alive. On the death of the last survivor, 100% of the purchase price (excluding all applicable taxes, cesses and levies as imposed by the Government) will be paid to your nominee.

4. Get Tax Benefits :

  • 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 consultation

5. Annuity Payment Term :

  • Single life variant - till the death of the annuitant.

  • Joint life variant - till the death of the last survivor.

Calculate Premium Or Talk To Us

Download Links:

Premium Table :

Guaranteed Lifetime Income Plan Annuity Rates PDF

Commission Disclosure :

Commission Disclosure PDF

Leaflet :

Max GLIP Leaflet PDF

Prospectus :

Max Life Guaranteed Lifetime 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 Lifetime 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/GLIP/ 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
YES2CALL
Share with a friend

Share

Documents Required

  • Commission Disclosures
  • Product Leaflet

Other accounts & programmes

Customizable Savings Accounts Online

  • apply
  • Know more
Max Life Shiksha Plus Super

  • Know more
Max Life-Life Gain Premier

  • Know more
Max Life Fast Track Super

  • 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