#Virukipolicy | T&C*
Max Life Insurance is one the most admired life insurance companies in India which secures the financial future of its customers. Max Life Insurance Company is offering two Ulips options. Ulips basically help you stay on top of the market changes. It offers good returns on investment. Let's get into the details of Max Life Ulip Plans.
Max Life Fast Track Super Plan is one of the classic products that offer a simple and safe approach to invest. The plan offers insurance cover along with wealth creation solutions as well. It offers huge returns and comes out as the safest mode of investment.
|Entry Age||91 days to 60 years|
|Maximum Maturity Age||70 years|
|Premium Payment Term||Single, regular and 5 pay|
|Fund options||6 options|
|Withdrawal||2 free partial withdrawals|
Max Life Platinum refers to be an ideal plan that helps the insured to accumulate and grow savings to meet long term goals. It allows you to maximize your hard-earned money with the help of market-linked returns. It also offers additional wealth boosters while securing your family’s future.
|Entry Age||91 days to 60 years|
|Maturity Age||70 years|
|Policy term||10-20 years|
|Premium Payment Mode||Single Pay: One-time Premium Payment|
Limited Pay: 5 Years
Regular Pay: Annual, Semi-Annual, Quarterly & Monthly
To offer different options to enhance the cover, the company offers Max Life Partner Care Rider. It is an add on-benefit which boosts the cover at an additional cost for ease of its customers. More details about the same are given below.
This plan offers additional protection to your spouse when you are not around. The rider offers a sum of all future premiums. It will be paid as per the premium payment term or till you turn 60 years. This rider is available for limited and regular pay variants and needs to be attached at the policy inception only.
|Type of Rider||(A Unit-Linked Non-Participating Individual Life Insurance Rider)|
|Available issue ages (Age Last Birthday)||Minimum – 21 years & Maximum - 55 years|
|Coverage||All individuals in accordance with the Board Approved Underwriting Policy|
|Minimum Rider Sum Assured||Rs. 1,000|
|Grace Period||Same as the base policy|
It is a life insurance cum investment plan that allows you to fulfill all of your long term goals. Max Life Insurance gives an opportunity to invest your funds in bonds, stocks & mutual funds for growth along with protection.
While investing in ULIPs, it is important for you to create a versatile product. It will help you in getting complete protection and better returns. Below are a few tips that will help you in getting more of what you invest.
Ulips always come out as a strong investment option. It offers the dual benefits of insurance cum savings. Max Life Ulips understand the importance of both features, hence it offers customized Ulips. Both plans hold great features and are designed in a way that can assist at different stages of life. Affordable solutions with great features are the USP of Max Life. With a great claim settlement ratio, the company has been the most trusted player in the investment world. You can easily trust this one for your next Ulips purchase.
Yes, the company allows you to switch between funds as per your wish. However, there will be some switching charges that you might have to pay.
Yes, you can do this by opting for a top-up facility. You must connect with the insurer for the same.
Yes. As a customer, you have the authority to change the premium payment mode of Max Life Platinum Wealth. To use this option, you should connect with the team along with a duly signed form.
Yes. According to IRDA norms, you can surrender your Max life Ulip by paying surrender charges.
There are a few charges associated with Max Life Fast Track Super such as allocation charge, administration charge and a mortality charge among others.
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Last updated on 21-01-2020