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Max Life Guaranteed Lifetime Income Plan

Max Life Guaranteed Lifetime Income Plan

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.

5. 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

6. 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

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