Max Life Savings Advantage Plan
In your life, you may have many goals for which you save money. These may be short term goals, or long term goals. To ensure that you meet these goals like buying a sedan, planning for a child’s education in an ivy college, planning for your daughter’s destination wedding you need a financial instrument that can systematically save and grow your money.
Presenting Max Life Savings Advantage Plan that will accelerate the growth in your systematic savings and help you build a corpus to address all your life goals while providing for insurance coverage at the same time to take care of your loved ones in case of an unfortunate event.
Max Life Savings Advantage Plan offers the following features and benefits –
a) Flexible-Premium Payment Tenure and Policy Term
b) Partly guaranteed payment of the lump sum amount on the maturity
c) Tax savings under Section 80C and Section 10(10D) (as per existing tax laws)
d) Life insurance protection for your loved ones
Download Max Life Savings Advantage Plan Brochure
Top reasons you should buy this plan
- Flexibility to choose Premium Payment Term and Policy Term that matches your life goals
- Get lumpsum amount on maturity that is partly guaranteed
- Save tax under section 80 C and Section 10(10D) as per prevailing tax laws
- Protection for your family through life insurance cover
What do I get with this plan?
Flexibility To Choose Premium Payment Term And Policy Term As Per Your Need
You have the flexibility to choose from various Premium Payment Terms & Policy Terms as per your requirement, enabling you to decide the period for which you wish to save and the time when you need monies to fulfil your particular life stage need.
Guaranteed Additions
This plan provides you with a guaranteed 5.5% Guaranteed Sum Assured on Maturity as Guaranteed Additions, at the end of each policy year, for the first 5 policy years, to boost your benefits.
Death Benefit That Increases Post 10 Policy Years
In case of death of the life insured on or before completion of 10 policy years, Guaranteed Death Benefit along with accrued Guaranteed Additions, Paid Up Additions (if any) & Terminal Bonus (if any) shall be payable.
In case of death of the life insured after 10 policy years, 110% of Guaranteed Death Benefit along with accrued Guaranteed Additions, Paid Up Additions (if any) & Terminal Bonus (if any) shall be payable.
Maturity Benefit
You enjoy 110% of Guaranteed Sum Assured on Maturity along with Accrued Guaranteed Additions, Accrued Paid Up Additions (if any) and Terminal Bonus (if any).
Settlement and Commutation Benefit
You or your nominee, have the flexibility to convert the lump sum Maturity Benefit/Death Benefit into regular income (monthly or annual mode) for 10 years basis your requirement.
Tax Benefit
You may be entitled to certain applicable tax benefits under section 80(C) and section 10(10D) of Income Tax Act 1961 on the premiums paid and benefits received by you respectively as per the prevailing tax laws. It is advisable to seek independent tax advice.