Max Life Platinum Wealth Plan (ULIP)
In today’s progressive world, we all have infinite dreams and aspirations in life. We may want to lead a lavish lifestyle, travel across the world, make our child study abroad or have a relaxed retirement. We work harder and harder and try to make the most of our earnings to achieve these important milestones. But, what’s the ideal way to realize these dreams?
Presenting Max Life Platinum Wealth Plan, an ideal plan that helps you accumulate and grow your savings so that you achieve your long-term goals easily. Now, maximize your hard-earned money through market-linked returns and additional wealth boosters while protecting your family’s future, even when you are no longer around.
3 Reasons You Should Get This Plan
- Secure your family’s future with comprehensive maturity and death benefits
- Enjoy guaranteed loyalty additions and wealth boosters as additional benefits
- Flexibility to choose premium payment term and policy term as per your convenience
Download Max Life Platinum Wealth Plan (ULIP) Brochure
Features of Max Life Platinum Wealth Plan (ULIP)
Low Charges to Boost Your Returns
You pay zero policy administration charge after 5 years from the start of the policy (other charges may apply).
Maturity Benefit
You will receive the total value of funds (called Fund Value) date of maturity as a part of this plan provided the settlement option has not been exercised.
Where Fund Value can be calculated as
Fund Value = Summation of [Accumulated Units in Fund(s) x NAV of respective Fund(s) as on the Maturity Date]
Flexible Premium Payment & Policy Term
You get flexible to pay premiums in a single year, over five years or during the entire policy term; Policy term can vary from 10 years to 20 years.
Choice of Funds & Investment Strategies
You can choose from 6 funds based on your risk appetite and 2 fund strategies to protect your investments against market variations.
Death Benefit
In the event of the death of the person insured; the nominee will receive the highest of the following sums:
For Single Pay Variant:
- Sum Assured equal to 1.25 times the Single premium (reduced by applicable partial withdrawals, if any), or
- 105% of cumulative premiums paid till the date of death, or
- Total Fund Value (as on the date of death)
For Limited Pay/ Regular Pay Variant:
- Sum Assured equal to higher of 10 times the annualized premium or 0.5 times the product of Policy Term and annualized premium (reduced by applicable partial withdrawals, if any), or
- 105% of cumulative premiums paid till the date of death, or
- Total Fund Value (as on the date of death)
Guaranteed Loyalty Additions
You will receive an additional percentage of fund value by the addition of equivalent units to your unit account, at the end of the policy year.
Guaranteed Wealth Booster
An additional percentage of Fund Value to be added to the Fund, by the creation of additional units, at the end of every 5th year starting from the 10th policy year.