Max Life Insurance Plans

Max Life Insurance offers a huge variety of plans and policies to fulfil the requirements of every type of customer. The company is one of the well-known life insurance companies in India. The company has been awarded “Excellence in Claims Service” by CMO Asia Awards. The company has recorded a claim settlement ratio of 99.65%, and it is constantly trying to design a plan in order to make the life insurance plans more suitable, affordable and simple for the policyholders at each phase of their life. It offers a wide range of life insurance products namely:

• Term plans
• Health Insurance Plans
• Retirement Insurance Plans
• Savings and Income Insurance Plans
• Group Insurance Plans
• Child Insurance Plans
• Unit Linked Insurance Plans

These plans are designed to cater to different requirements of the customers in different stages of their lives.

Max Life Term Insurance Plans

Max Life Insurance offers 5 Term plans as discussed below:

1. Max Life Smart Term Plan: Max Life Smart Term Plan provides financial protection to the policyholder’s family in case of an unfortunate event during the term of the policy. This plan offers comprehensive coverage to the insured family against death, disability, and critical illness. The maturity age of this plan is 85 years maximum.

2. Max Life Super Term Insurance Plan: Max Life Super Term Insurance plan is a comprehensive cover that provides financial security to your loved ones at an affordable rate in your absence. Under this plan, policyholders can choose a policy term between 10 years to 35 years, with intervals of 1 year.

3. Max Life Premium Return Protection Plan: Max Life Premium Return Protection Plan gives financial assistance to the policyholder’s loved ones in case of an unfortunate event. Under this plan, you also get a guaranteed return of the total premium amount paid by you in case of your survival till maturity.

4. Max Life Smart Secure Plus Plan - The Smart Secure Plus Plan offers a plethora of features to choose from. It allows you to make a policy based on your requirement and budget by accumulating different options such as death benefit, terminal illness, accident cover, joint-life option, critical illness and disability rider, etc.

5. Max Life Online Term Plan Plus - This policy gives you a facility to customize your financial protection. It enables policyholders to pick the plan at an affordable price by providing 3 different death benefit options to choose from at the time of policy purchase. It also gives optional protection against 40 specified critical illnesses.

Max Life Retirement Insurance Plans

Retirement plans are insurance products designed to provide financial security once you retire or your working income stops. The plan provides financial assistance to your spouse/partner in case of your absence. Max Life Insurance offers 3 retirement insurance plans as discussed below:

1. Max Life Forever Young Pension Plan: Max Life Forever Young Pension Plan helps you to build large savings to help you to fulfil your retirement goals. This plan shields your saving from volatile market downturns. The policyholder gets an additional annuity advantage to safeguard its loved ones against life uncertainties. This plan provides flexible death benefits and payout options.

2. Max Life Guaranteed Lifetime Income Plan: Max Life Guaranteed Lifetime Income Plan helps you to convert your life saving into a regular income source. Under this plan, your partner continues receiving the income under a joint-life annuity. The beneficiary or the nominee gets 105% of the purchase price of the plan in case of the sudden demise of the insured.

3. Max Life Perfect Partner Super Plan: Max Life Perfect Partner Super Plan provides financial protection to your spouse with a life cover in case of unfortunate eventualities of life. You can get coverage till the age of 75 years with withdrawal flexibility.

Max Life Savings and Income Insurance Plans

Max Life offers 7 Savings and Income Insurance Plans as discussed below:

1. Max Life Assured Wealth Plan: Max Life Assured Wealth Plan is a Non-Linked, Non-Participating Individual Life Insurance Savings Plan. Under this plan, the insured’s family gets a lump sum death benefit in the absence of the policyholder. This plan offers flexible premium payment options to help build wealth by saving systematically.

2. Max Life Savings Advantage Plan: Max Life Savings Advantage Plan helps you to build a corpus to fulfil your requirements and life goals while providing life insurance coverage to take care of your family in case of an unfortunate death. This plan provides flexible payment options according to your convenience and you can avail tax benefits under section C and Section 10(10D) as per taxation law.

3. Max Life Whole Life Super Plan: Max Life Whole Life Super Plan provides life insurance coverage until the age of 100 years. This plan provides company bonuses at the maturity period along with guaranteed payouts. Under this plan, you can withdraw money at any time to meet any financial commitment.

4. Max Life Monthly Income Advantage Plan: Max Life Monthly Income Advantage Plan helps to ensure that the insured family remains financially secure even in the insured absence. Under this plan, the insured can get life coverage up to 25 years with a limited premium payment term. The insured also gets accrued bonuses with a terminal bonus on the maturity period.

5. Max Life POS Guaranteed Benefit Plan: Max Life POS Guaranteed Benefit Plan is easy to comprehend and provides guaranteed benefits to ensure financial assistance to the insured family throughout the policy term. The plan offers Guaranteed Maturity Benefit or Guaranteed Death Benefits and helps the policyholder to build a corpus for future goals, by saving systematically.

6. Max Life Savings Advantage Plan: This plan provides the policyholder with the benefit of savings with life insurance coverage. Under Max Life Savings Advantage Plan, the policyholder has the option to choose the duration of the policy to meet the financial needs.

7. Max Life Smart Wealth Plan: Max Life Smart Wealth Plan is a non participating, non linked individual life insurance plan that safeguards your future through guaranteed returns. The Plan offers 4 different options (lump sum, short term income, long term income and whole life income).

Max Life Group Insurance Plans

Max Life Group Insurance Plans are designed for a larger number of employees working in an organization's banks and financial institutions to secure them against life uncertainty by providing life coverage to their employees. Max Life Insurance offers 7 Group Insurance policies as discussed below:

1. Max Life Group Gratuity Premier Plan: Max Life Group Gratuity Premier Plan helps employers to fund the gratuity liabilities with the help of good market-linked returns. This plan shall meet your obligations under The Payment of Gratuity Act 1972. You can manage large-scale gratuity payments efficiently with complete help from the company. This plan offers multiple benefits like low maintenance charges, and flexibility to choose funds on your risk appetite.

2. Max Life Group Credit Life Secure Plan: Max Life Group Credit Life Secure Plan plan provides coverage to the company/organisation against the loan taken by the borrower in the unfortunate death of the borrower during the policy tenure. This is a low-cost value plan and saves financial institutions from default payments. Max Life Group Credit Life Secure Plan also aids assistance to the borrower's loved ones from paying off loan liabilities.

3. Group Term Life Platinum Assurance: The Group Term Life Platinum Assurance plan is a comprehensive term cover scheme that provides financial protection to their employee’s families in case of unfortunate events. This is an affordable cover plan and is eligible to all eligible employees through one policy document.

4. Max Life Pradhan Mantri Jeevan Jyoti Bima Yojana: This plan offers life insurance coverage to only savings bank accounts. Max Life Pradhan Mantri Jeevan Jyoti Bima Yojana plan comes at an affordable price and helps to increase customer retention for banks.

5. Max Life Group Credit Life Secure Plan: Max Life Group Credit Life Secure Plan covers the whole organization against the loan taken by the borrower in case of borrower death during the policy tenure.

6. Max Life Group Credit Life Premier Plan: Max Life Group Credit Life Premier Plan is a crop insurance policy for financial organisations or banks to protect against debt liabilities.

Max Life Child Insurance Plans

Max Life Child Insurance Plan is a combination of investment and insurance that safeguards your child’s future. This plan provides financial protection during the most important years of the child. Max Life Insurance offers two child insurance plans as discussed below:

1. Max Life Future Genius Education Plan: Max Life Future Genius Education Plan is a non linked participating life insurance saving plan. This plan helps in covering your child’s financial needs for higher education. The policy term of Max Life Future Genius Education Plan is from 13 years to 21 years or depending on your child’s graduation needs.

2. Max Life Shiksha Plus Super Plan: Max Life Shiksha Plus Super Plan is a comprehensive plan for your child education along with the family cover. It provides financial security for your child during emergencies. Max Life Shiksha Plus Super Plan provides different offers to invest in the equity market along with multiple fund options(like government bonds, corporate bonds, equity bonds, etc). The maturity benefit is payable at the end of the policy tenure.

Max Life Unit Linked Insurance Plans

Max Life Insurance offers 3 Unit Linked Insurance Plans as discussed below:

1. Max Life Fast Track Super: Max Life Fast Track Super is a unit-linked, non participating life insurance plan. This plan provides a simple and safe approach to invest in the market to achieve long-term goals with multiple fund options. Under this plan, you also get rewards for loyalty for staying invested.

2. Max Life Platinum Wealth Plan: Max Life Platinum Wealth Plan is a unit-linked, non participating ideal ULIP plan. It helps the policyholder to grow and accumulate savings to achieve long-term goals. This plan offers wealth boosters while securing the policyholder family’s future.

3. Max Life Online Saving Plans: Max Life Online Saving Plan comes with an inbuilt life cover with the option to increase the sum assured. This plan gives the flexibility to choose from different funds to suit your convenience and needs and the flexibility to switch your money as many times as you want.