Max Life Investment Plans

Traditional plans are often referred to as investment or conventional plans. These are insurance plans in which the money of the insured is invested in accordance with the insurance act. The policyholders are offered a variety of advantages that will be paid out at maturity, death, or as returns. Max Life, one of leading insurance providers of India, provides its customers with the following investment or traditional plans:

• Max Life Savings Advantage Plan
• Max Life Monthly Income Advantage Plan
• Max Life Assured Wealth Plan
• Max Life Guaranteed Income Plan
• Max Life Whole Life Super
• Max Life Life Gain Premier
• Max Life POS Guaranteed Benefit Plan

Let's take a closer look at the Max Life Investment Plans.

1. Max Life Savings Advantage Plan

This plan is meant to help the insured build a corpus to satisfy all of their life goals while also providing life insurance. This insurance plan has several advantages, some of which are described below:

Flexibility: It allows the policyholder to choose the policy term and premium payment period that best suits their needs.

Maturity Benefit: Policyholders will receive a lump sum amount that is partially guaranteed at the end of the policy term (on maturity).

Tax Benefits: According to current income tax laws, this insurance plan also provides the insured with tax benefits under sections 10 (10D) and 80C. Premiums paid for the entire policy period, as well as benefits received at the end of the policy, can be deducted when submitting an ITR.

Family Security: This insurance not only protects the insured, but also their family financially.

Eligibility Criteria For Max Life Savings Advantage Plan

To find out if you qualified for this plan, look at the table below:

Parameters	Specifications
Minimum Entry Age	8 Years
Maximum Entry Age	65 Years
Maximum Maturity Age	75 Years
Premium Payment Mode	Annual, Semi-annual, Quarterly, Monthly

2. Max Life Monthly Income Advantage Plan

This plan assists policyholders in achieving their life goals and securing the financial future of their loved ones. The customer can get a life cover of up to 25 years with this insurance plan, as well as the following benefits:

• The policyholder will receive monthly income for the next 10 years after paying all of the premiums, which is the basic concept behind this plan: to provide you with continuous monthly income disguised as savings.
• Policyholders can receive earned bonuses, as well as any terminal bonuses, at the end of the policy period.
• This insurance plan continues in the event of an unforeseen incident, such as the death of the policy owner, but the premium payment is waived. The insurer pays all future premiums so that the family of the policyholder does not face economic difficulties.

Eligibility Criteria For Max Life Monthly Income Advantage Plan

Look at the table below to see if you apply for this plan:

Parameters	Specifications
	For 12 Pay Variant	For 15 Pay Variant
Minimum Entry Age	18 Years	18 Years
Maximum Entry Age	55 Years	50 Years
Maximum Maturity Age	77 Years	75 Years
Premium Payment Mode	Annual, Semi-Annual, Quarterly and Monthly

3. Max Life Assured Wealth Plan

This is a non-participating, non-linked, and limited pay insurance plan that assures returns and provides the following benefits:

• Policyholders will get a 100% assured lump sum maturity benefit to help them plan for the future.
• The payment period for the premium is only 5 years. This allows the insured to build significant wealth in a short period of time by systematically saving a significant quantity of money.
• On the death of a policyholder, lump-sum death benefits are also paid immediately, providing total financial security to their family in their absence.

Eligibility Criteria For Max Life Assured Wealth Plan

Look at the table below to see if you apply for this plan:

Parameters	Specifications
Minimum Entry Age	8 Years
Maximum Entry Age	55 Years
Maximum Maturity Age	65 Years
Premium Payment Mode	Annually, Monthly

4. Max Life Guaranteed Income Plan

This is a savings plan that includes life insurance as well as fixed monthly payouts for a period of ten years. The following are the advantages of this plan:

• Monthly income is guaranteed for 10 years and doubles after the first 5 years.
• At the end of the policy term, an immediate payout option is available with no waiting period.
• The advantages of an assured death benefit might be received as a monthly income or as a lump sum payment.

Eligibility Criteria For Max Life Guaranteed Income Plan

The eligibility of the plan is tabulated below:

Parameters	Specifications
	For 6 Years	For 12 Years
Minimum Entry Age	25 Years	25 Years
Maximum Entry Age	60 Years	55 Years
Maximum Maturity Age	66 Years	67 Years
Premium Payment Mode	Annual

5. Max Life Whole Life Super

This savings policy helps policyholders to build up their corpus overtime in order to provide a financially secure future for their loved ones. This plan includes life insurance as well as bonuses and the following features:

• Policyholders will be covered for life up to the age of 100.
• At the end of the policy term, the insurer will provide the policyholder with assured payouts as well as additional bonuses.
• Policyholders will have the option to leave funds to meet financial responsibilities or specific requirements.

Eligibility Criteria For Max Life Whole Life Super

The following is a list of the eligibility of the plan:

Parameters	Specifications
Minimum Entry Age	18 Years
Maximum Entry Age	60 Years
Maximum Maturity Age	100 Years
Premium Payment Mode	Annual, Half-Yearly, Quarterly, Monthly

6. Max Life Life Gain Premier

Customers can get long-term life insurance and choose from a variety of premium payment options with this insurance plan. Customers and their families can modify or improve the benefits by opting for riders, depending on their specific needs. Take a look at some of the other advantages of this plan:

• At the end of the policy term or on maturity, policy owners will get a certain sum assured.
• This insurance plan allows policyholders to choose their own policy term and premium payment period.
• Policyholders have complete liquidity because they can withdraw their money anytime they need it.

Eligibility Criteria For Max Life Life Gain Premier

To see if you qualify for this plan, look at the table below:

Parameters	Specifications
	For 15 Years	For 20 Years	For 25 Years
Minimum Entry Age	18 Years	18 Years	18 Years
Maximum Entry Age	55 Years	55 Years	50 Years
Maximum Maturity Age	70 Years	75 Years	75 Years
Premium Payment Mode	Annual, Half-Yearly, Quarterly, Monthly

7. Max Life POS Guaranteed Benefit Plan

This easy and simple plan is designed to offer policyholders with guaranteed benefits and a financially secure future for themselves and their loved ones.

• When a policyholder dies, the policyholder's death benefits (lump sum) are paid out.
• Maturity benefit is a guaranteed sum assured at policy maturity that is paid at the end of the policy term.
• The insurance policy has a shorter policy term and a shorter premium payment period.

Eligibility Criteria For Max Life POS Guaranteed Benefit Plan

Look at the table below to see if you qualify for this plan:

Parameters	Specifications
Minimum Entry Age	18 Years
Maximum Entry Age	50 Years
Maximum Maturity Age	60 Years
Premium Payment Options	Annual

Applying For A Traditional / Investment Plan From The Company

Online: The company offers unique plans that are only available online. The customer only needs to go to the website of the company, select the required plan, coverage, and provide the necessary details. Based on the information provided, the premium will be calculated.After that, the customer must pay the premium via credit card, debit card, or net banking, and the policy will be issued.

Intermediaries: Agents, brokers, banks, and other intermediaries can help with the application process for plans that are not available online.