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Max Life Monthly Income Advantage Plan

Max Life Monthly Income Advantage Plan

Max Life Monthly Income Advantage Plan

A Plan that gives a guaranteed monthly income for 10 years to fulfill the planned milestones even in case of any eventuality

(A Non-Linked Participating Savings Insurance Plan; UIN : 104N091V02)

Key Features:

  • Guaranteed Monthly Income: Get guaranteed monthly income for 10 years immediately after completion of Premium Payment Term, thereby helping you cater to expenses towards your child’s education/extra-curricular activities or your own retirement needs

  • Lump Sum Benefit on Maturity: Enjoy accrued bonuses along with Terminal Bonus on maturity of the policy to cater to your long term financial goals

  • Policy Continuance Benefit: In case of an eventuality -

    • Get lump sum benefit immediately on death to ensure financial security of your loved ones.

    • The Company also waives off all future premiums payable by you to ensure that all benefits i.e. Survival benefit & Maturity Benefit are paid to your beneficiary as and when due, thus, ensuring that your dreams for your family are taken care of even in your absence.

  • Comprehensive Protection through Riders: Enhance your risk coverage by attaching rider(s)

    • Max Life Term Plus Rider, Non Linked Rider (UIN: 104B026V02) provides additional risk coverage in case of death

    • Max Life Accidental Death & Dismemberment Rider, Non linked rider (UIN – 104B027V02) provides lump-sum benefit in case of death/dismemberment caused due to accident

  • Tax Benefit*: Get tax benefits on all premiums paid and policy benefits received by you as per the prevailing tax laws.

*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. All applicable taxes , cesses and levies as imposed by the government will be deducted from the premium received.

Disclaimers

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 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 more details on the rider and the various terms and conditions, please refer to the RiderProspectus(s) available at www.maxlifeinsurance.com. 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.

ARN: Max Life/YBL/Website/MIAP/ 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.

 

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