About Max Life ULIP Plans

Unit Lined Insurance Plans from Max Life Insurance Company Limited has been designed to provide you with the best benefits of insurance and investment. Let’s check out the Max Life ULIP plans below:

Max Life Fast Track Super

Max Life Fast Track Super is basically a non-participating Unit Linked Insurance Plan. This Max Life ULIP plan comes with an alternative of 6 investment funds.

Maturity Benefit:

  • On maturity, the offered amount will be equivalent to the full value of the policy, called the fund value on the date when your policy matures.

Death Benefit:

  • The payable amount will be the highest of Sum Assured
  • OR Fund Value as on date of death
  • OR 105% of the premiums paid.

Tax Benefit:

  • You can avail tax benefits under Section 80C, 80D, 80DD and 10(10D) of the Indian Income Tax Act, 1961.

Sum Assured:

Fixed

  • For Single Pay: 1.25x Single Premium
  • For 5 Pay: 10x Annualized Premium
  • For Regular Pay: 10x Annualized Premium

Minimum

  • For Single Pay: Rs. 1,25,000/-
  • For 5 Pay: Rs. 5,00,00/-
  • For Regular Pay: Rs. 2,50,000/-
  • No such limit is imposed on maximum Sum Assured amount.

Guaranteed Additions:

  • At the end of each policy year starting from 11th policy year, 0.30% of Fund Value shall be added to your fund by the creation of additional units. Here the Fund Value = Summation of [Accumulated Units in Fund(s) x Net Asset Value of respective Fund(s) as on the date of Maturity]. Each year these additions increase by 0.02% (absolute).

Age Limit:

  • 18-60 years

Premium Payment Term:

  • Single Pay/ 5 Pay/ Regular Pay

Policy Term:

  • 10 / 20 years

Annualized Premium:

  • Rs. 25,000/-
  • Rs. 50,000/-
  • Rs. 1,00,000/-
  • No such limit is imposed on the maximum annualized premium amount.

Max Life Platinum Wealth Plan

Max Life Platinum Wealth Plan is a non-participating Unit Linked Insurance Plan. This Max Life ULIP Plans basically comes with guaranteed loyalty additions as well as wealth boosters.

Maturity Benefit:

  • On maturity, the payable amount will be the total value of funds (called Fund Value) on the date of maturity. Here Fund Value = Summation of [Accumulated Units in Fund(s) x Net Asset Value of the respective Fund(s) as on the date of Maturity].

Death Benefit:

The amount payable will be highest of:

Single Pay Variant:

  • Sum Assured is equivalent to 1.25 times of the Single premium
  • OR 105% of cumulative premiums paid till the date of death
  • OR Total Fund Value (as on the date of the life insured’s death).

Limited/Regular Pay Variant:

  • Sum Assured is equivalent to higher of 10 times the annualized premium
  • OR 0.5 times the product of Policy Term and annualized premium
  • OR 105% of cumulative premiums paid till the date of death
  • OR Total Fund Value (as on the date of the life insured’s death).

Guaranteed Loyalty Additions:

  • At the end of the policy year, additional percentage of fund value is offered by addition of equal units as bonus added to your unit account.

Premium Payment Mode:

  • Single Pay: One time Premium Payment.
  • Limited Pay: 5 Years.
  • Regular Pay: Annual, Semi-Annual, Quarterly and Monthly.

Sum Assured:

  • Single Pay: 1.25 times (Single premium).
  • Limited Pay (5 Years) / Regular Pay: Higher of (10 times Annualized Premium OR 0.5 x Annualized Premium x Policy Term).

Rider Options:

  • Max Life Partner Care Rider

Age Limit:

  • Single/Limited Pay: 18-60 years
  • Regular Pay: 18-55 years.

Premium Payment Term:

  • Single Pay: 10 years
  • Limited Pay 5 years: 10-20 years
  • Regular Pay: 10-20 years

Policy Term:

  • 10 -20 years

Annualized Premium:

  • Minimum: Rs. 2,00,000/- for all variants
  • Maximum: No limit imposed for maximum annualized premium amount