Max Life Insurance Company is a joint venture between Mitsui Sumitomo Insurance Company Limited and Max Financial Services Limited. In India, Max Life Insurance is one of the leading life insurance companies in India. Max Life Insurance company has come out with multiple insurance products starting from basic life insurance to Max Life pension plans as well. It has different plans to cater to different stages of life in terms of protection, savings and creating wealth among others. The company also has a quality distribution system with multi-channel distribution partners. The company has tied up with many industry experts.
|Business Line||Life Insurance|
To secure your retirement life, the company is offering multiple pension plans that are designed perfectly cater to different needs of post-retirement years.
Max Life Forever Young Pension Plan that creates savings for retirement years while protecting you from the ups and downs of the equity market. It also offers an additional annuity advantage to protect your partner and your family against unforeseen events so that you and your loved ones can easily live life as they want.
|Entry Age||30 - 65 years|
|Vesting age||50 - 70 years|
|Premium Payment Term||20 years|
Max Life Guaranteed Lifetime Income is an annuity plan that offers the opportunity of converting your savings into a lifetime regular income. This Max Life pension plan is a smart way to ensure that you are getting regular income and allows you to stay on top of your expenses.
|Eligibility||50 - 80 years|
|Premium Payment options||1000 - No limit|
|Annuity Payment modes||Monthly, quarterly and semi-annually|
Max Life Life Perfect Partner Super Plan is a pension plan that takes care of your partner's financial needs until 75 years of age. It allows having carefree post-retirement years. This is a great plan to secure your golden years of retirement. This plan offers maturity and death benefits as well.
|Entry Age||91 days - 75 years|
|PPT||7,10,15 and 20 years|
|Minimum Sum Assured||Rs.50000|
Max life Pension Plans ensure that your retirement is a much-awaited phase of life, and no longer something which you could feel cautious of. They provide you with several flexible options, so you can decide for yourself. For a long term pay premiums, and whilst precisely you want to get hold of the payouts. What's more, pension plans from Max Life additionally ensure that during your absence, your partner gets all the required financial assist, without being dependent on others.
Retirement plans are insurance policies designed in a way that can provide you financial security once your income stops. Under the Max Life retirement plans, you can also go for monthly pension benefits by buying annuity plans. They help you invest your income and create a fund that you can withdraw during your retirement years.
The early is better. We all are aware of the growing inflation rate and medical care cost which makes it important to have a secure fund to deal with all expenses during post-retirement. With the same, you don't have to depend upon anyone for your basic needs and liabilities.
When it comes it investing in a pension plan, a person should take care of the adequate corpus, different fund options, flexibility and additional features among others.
In case you misplace your insurance documents, you may request a copy by visiting the nearest Max Life Insurance branch and filing a notarized copy of an indemnity bond printed on stamp paper of `500/-. Along with that, self-attested identity evidence of insurance, the proprietor is also required.
The coverage holder loses out on all of the benefits of the plan. After discontinuance of the coverage, it cannot be withdrawn.
As a registered user, you have to visit the site of the company and fill the required details to enter your account on site from where you can check all the details regarding your policy.
Last updated on 26-08-2020