Max Life Smart Wealth Plan

In life, nothing gives more pleasure than seeing your loved ones fulfil their dreams, while you watch over them. As the breadwinner of the family, you work towards maximizing your savings to support your children’s education, their marriages, and your peaceful retirement. In today’s environment, which is full of uncertainty and volatility; however, you need guaranteed assurance that surmounts all such risks.

What is Max Life Smart Wealth Plan?

Max Life Insurance understands the significance of such milestones in your Life. Thus, presenting Max Life Smart Wealth Plan (a Non-Linked, Non-Participating, Individual, Life Insurance Savings plan, UIN: 104N116V05), which is designed to help secure your financial future through guaranteed returns. This smart wealth plan will help you pursue your dreams and accomplish all milestones that you set your heart on, with certainty.

Download Max Life Smart Wealth Plan (Lumpsum) Brochure

Who Should Invest in Max Life Smart Wealth Plan?

Max Life Smart Wealth Plan is suitable for the following categories:

1) Salaried individuals

2) Self-employed individuals

3) People with dependents who seek a long-term financial plan

4) People who have less risk appetite

5) People who seek guaranteed returns on savings 

6) People who look for dual benefits of life insurance and savings

You can buy Max Life Smart Wealth Plan to secure your retirement, provide for your children’s education, your spouse’s financial independence in your absence, or any other financial goals. Furthermore, the savings plan is also suitable for those investors who wish to put their money into a financial instrument, which provides long term capital appreciation, but with less risk than pure equity market investments.

How Does Max Life Smart Wealth Plan Work?

Max Life Smart Wealth Plan offers the following plan variants:

1) Lumpsum

This variant offers to pay maturity benefit as a lump sum at the end of the policy term. The maturity benefit paid comprises both guaranteed sum assured on maturity and the accrued guaranteed additions (if any). Under this variant, the Guaranteed Additions are expressed as a percentage of annualized premiums, and they may vary based on the entry age, premium band, and gender of the Life insured and the sub-variant selected.  

2) Short Term Income

This variant of Max Life Smart Wealth Plan offers to pay guaranteed ‘income benefit’ at the end of the period (monthly, quarterly, half-yearly or annually) as per the frequency chosen, for the pay-out Period as per the sub-variant selected by you, post completion of the Policy Term. The income benefit is expressed as a percentage of the annualized premium. It varies by the entry age, premium band, and gender of the Life insured and the sub-variant selected.

3) Long Term Income

Under this variant, you receive a guaranteed ‘income benefit’ at the end of the period (monthly, quarterly, half yearly or annually) as per the frequency chosen, for the pay-out Period as per the sub-variant selected by you, post completion of  the Policy Term Moreover, after the pay-out period, you will also receive a ‘terminal benefit,’ which equals the Total Premiums Paid. Here, the income benefit is expressed as a percentage of annualized premium, and its value depends on the entry age, premium band, and gender of the Life insured and the sub-variant selected. Also, you can also choose the income pay-out frequency, other than annual.

4) Whole Life Income

Under the Whole Life Income variant of Max Life Smart Wealth Plan, a guaranteed ‘income benefit’ is payable at the end of the period (monthly, quarterly, Half-yearly or annually as per the frequency chosen, post the policy term, until the death of the last surviving life.  Here, the income benefit is expressed as a percentage of the Single premium and varies by the entry age, gender, and premium band.