Max Life Guaranteed Lifetime Income Plan
Max Life Guaranteed Lifetime Income Plan
Max Life Guaranteed Lifetime Income Plan, a plan that guarantees lifetime income for your retirement years.
( Non Linked Non Participating Immediate Annuity Plan; UIN: 104N076V04)
Guaranteed Income ** - Guaranteed Income to cater to your needs as long as you live
Option to choose from Single Life or Joint Life Annuity - Choose between Single Life Annuity or Joint Life Annuity to receive lifelong payments for as long as you or your partner are alive
Return of Purchase Price - The plan offers the nominee to receive return of Purchase Price of the policy after the death of the Annuitant(s)
Choose mode of payout - You have an option to receive the payout on a yearly, half-yearly, quarterly or monthly basis, as per your needs and requirements
Annuity Options Available*
Single Life Annuityfor life (without any death benefit): A fixed amount, guaranteed at the policy inception, will be paid to you throughout your life
Single Life Annuity for life with return of premium (ROP) payable on death: A fixed amount, guaranteed at the policy inception, will be paid to you throughout your life. On death, 100% of the purchase price (excluding all taxes and cesses) shall be paid to your nominee
Joint Life Annuity for life (without any death benefit): A fixed amount, 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 taxes and cesses) shall be paid to your nominee
*In case of purchase of annuity from Death / Surrender Benefit proceeds of the pension accumulation plan of the Company: The minimum entry age can be less than 50 years and the minimum purchase price can be less than Rs. 1,00,000. However, the annuity option available will be Single Life Annuity for Life Option only.
** Please refer to the annuity quote available at www.maxlifeinsurance.com to know the annuity rate at the time of purchase for different ages and combinations.
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
Public receiving such phone calls are requested to lodge a police complaint along with details of phone call, number.
ARN: Max Life/YBL/Website/GLIP/Jan 2018
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