Max Life Investment Plans

Max Life offers a variety of investment plans to suit your financial goals and risk tolerance. These plans combine life insurance coverage with investment potential, providing both financial protection for your loved ones and the opportunity to grow your wealth. From guaranteed return plans to market-linked options, Max Life has something for everyone.

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  • 4.8~ Rated
  • 7.7 Crore Registered Consumer
  • 50 Partners Insurance Partners
  • 4.2 Crore Policies Sold

Investment Plans

  • Plan starting from ₹1,000/month
  • Save upto ₹46,800 in Tax under section 80C^
  • Zero LTCG Tax
  • In built life cover
Top performing plans with High Returns**
Invest ₹10K/Month & Get ₹1 Crore# on Maturity
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4.2 Crore
Policies Sold
Disclaimer: #The investment risk in the portfolio is borne by the policyholder. Life insurance is available in this product. The maturity amount of Rs 1 Cr. is for a 30 year old healthy individual investing Rs 10,000/- per month for 30 years, with assumed rates of returns @ 8% p.a. that is not guaranteed and is not the upper or lower limits as the value of your policy depends on a number of factors including future investment performance. In Unit Linked Insurance Plans, the investment risk in the investment portfolio is borne by the policyholder and the returns are not guaranteed. Maturity Value: ₹1,05,02,174 @ CAGR 8%; ₹50,45,591 @ CAGR 4%. *Tax benefits and savings are subject to changes in tax laws. All plans listed here are of insurance companies’ funds.

Best Max Life Investment Plans

  • Market-Linked Insurance Plans
  • Traditional Insurance Plans
Plan Names Entry Age  Minimum Investment Amount 
ULIP Plans 
Max Life Fast Track Super 91 days ₹25,000 (regular pay) 
Max Life Platinum Wealth Plan 91 days ₹2,00,000 for all variants
Max Life Online Savings Plan - Variant 1 18 years ₹3,000 (monthly) 
Max Life Online Savings Plan - Variant 2 18 years ₹1,000 (monthly) 
Max Life Shiksha Plus Super 21 years ₹25,000 (annual mode) 
Max Life Forever Young Plan 30 years ₹10,000 (monthly) 

Details of the Best Max Life Insurance Investment Plans

Below are the best max life insurance investment plans

  1. Max Life Fast Track Super

    • Unit Linked Insurance Plan (ULIP): Combines life insurance coverage with investment potential.

    • Flexible Premium Payment: Choose a single premium payment, limited pay (pay for 5 years) or regular pay (pay throughout the policy term).

    • Investment Flexibility: Choose from 14 different investment funds based on your risk tolerance. You can switch between funds 12 times per year (free of charge).

    • Withdrawal Flexibility: Make partial withdrawals after 5 policy years (2 free withdrawals per year).

    • Maturity Benefit: Receive the total value of the fund upon policy maturity. Option to receive the amount in installments over 5 years.

    • Death Benefit: Your nominee receives the higher of the sum assured, fund value, or 105% of all premiums paid (minimum payout).

    • Tax Benefits: Potential tax deductions under Section 80C and 10(10D) of the Income Tax Act (subject to change).

    • Financial Protection: Provides a death benefit for your loved ones in case of your demise.

    • Investment Growth: Potential to grow your wealth through investment options.

    • Tax Savings: Reduce your tax liability with potential tax deductions.

    • Flexibility: Choose your premium payment term, investment options, and access your funds through partial withdrawals.

  2. Max Life Platinum Wealth Plan

    • ULIP: Offers life insurance coverage and investment potential.

    • Flexible Premium Payment and Policy Term: Choose a premium payment term (single, limited, or regular) and policy term that suits your needs.

    • Choice of Funds: Invest in 13 different funds based on your risk appetite.

    • Guaranteed Loyalty Additions: Get guaranteed bonuses added to your policy value at the end of each year.

    • Optional Wealth Boosters: Enhance your returns with additional bonus options (subject to policy terms).

    • Maturity Benefit: Receive the total fund value upon policy maturity.

    • Death Benefit: Your nominee receives the higher of the sum assured, fund value, or 105% of all premiums paid (minimum payout).

    • Reduced Charges: Lower fees compared to some other ULIPs (potentially leading to higher returns).

    • Financial Security: Provides a death benefit for your family's well-being.

    • Wealth Creation: Potential to grow your wealth through market-linked investments and guaranteed bonuses.

    • Flexibility: Choose your premium payment terms, policy terms, and investment options.

    • Loyalty Rewards: Get guaranteed bonuses added to your policy value each year.

    • Potential for Higher Returns: Lower fees may translate to increased returns over time.

    People also read: Max Life Nifty 500 Momentum 50 Fund NFO

  3. Max Life Online Savings Plan

    This plan is a Unit Linked Non-Participating Individual Life Insurance Plan (ULIP) that offers both investment and insurance benefits. Here's a breakdown of the variants:

    Variant 1: Focus on Flexibility and Investment

    • Dual Benefit: Get a lump sum payout to achieve your financial goals and life insurance cover for emergencies.

    • Investment Flexibility: Choose from a wide range of investment funds to match your risk tolerance and investment horizon.

    • Tax Savings: Save on taxes while you invest.

    • Increase Cover (Optional): Enhance your life insurance cover if needed.

    • No Extra Charges: Pay zero policy administration and premium allocation charges.

    • Switch Funds Freely: Move your money between investment options as many times as you want.

    • Choose Your Policy Term: Decide on a coverage period between 5 and 30 years.

    Variant 2: Focus on Income and Family Protection

    • Triple Benefit for Family: In case of your unfortunate demise, your family receives a lump sum payout, followed by regular monthly income, and the total accumulated investment amount at policy maturity.

    • Outstanding Premium Waiver: The insurance company pays any remaining premiums after your death, ensuring your family's financial security.

    • Flexibility Like Variant 1: Enjoy the same benefits of zero charges, free fund switching, and choosing your policy term and investment options.

  4. Max Life Shiksha Plus Super

    • Unit Linked Insurance Plan (ULIP): This combines insurance coverage with investment potential.

    • Limited Pay and Regular Pay options for premium payment: Choose a shorter period to pay premiums (Limited Pay) or spread them out over the entire policy term (Regular Pay).

    • Available for children aged 0-18 years.

    • Multiple Fund Options: Invest in different funds based on your risk appetite (debt, balanced, equity).

    • Systematic Transfer Plan and Dynamic Fund Allocation: Automate your investments to manage market volatility.

    • Free Partial Withdrawals: Withdraw a portion of the fund value after 5 policy years (subject to conditions).

    • Free Fund Switches: Change your investment between funds throughout the policy.

    • Free Premium Redirections: Allocate future premiums to a different fund.

    • Guaranteed Loyalty Additions: Get bonus additions to your fund value after a specific policy year.

    • Funding of Future Premiums: In case of the policyholder's death, future premiums are waived off and the benefit amount secures the child's education.

    • Family Income Benefit: Provides a regular income for the family in case of the policyholder's death.

  5. Max Life Forever Young Plan

    • Unit Linked Non-Participating Individual Pension Plan: This plan allows investment and builds a retirement corpus but doesn't offer guaranteed returns.

    • Choice of Retirement Age: Decide when you want to start receiving your pension benefits.

    • Corpus Enhancement Option: Increase your retirement savings by paying additional premiums later.

    • Loyalty Additions: Get bonus additions to your fund value after a specific policy year.

    • Flexibility to Choose Death Benefit Use: Decide how the death benefit is used (lump sum payout or income for the beneficiary).

    • Partner Care Rider (Optional): Provides additional financial support for your spouse in case of your death.

Plan Names Entry Age  Minimum Investment Amount
Traditional Plans 
Max Life Savings Advantage Plan 91 days ₹5,250
Max Life Monthly Income Advantage Plan 18 years ₹25,000
Max Life Assured Wealth Plan 0 years (91 Days) ₹2,000
Max Life Guaranteed Income Plan 25 years ₹20,000 (annually) 
Max Life Whole Life Super 18 years ₹8,500 (annually) 
Max Life Life Gain Premier 18 years  ₹1,000 (annually) 
Max Life POS Guaranteed Benefit Plan 18 years ₹15,000 (annually) 

Details of the Best Max Life Insurance Traditional Plans

Below are the best max life investment plans:

  1. Max Life Savings Advantage Plan

    This plan combines saving and life insurance benefits to help you achieve your long-term financial goals. Here are some key features and benefits:

    • Flexible payment options: Choose between single pay, limited pay (pay for a set period), or regular pay (pay throughout the policy term) to fit your budget.

    • Policy term flexibility: Select a policy term that aligns with your goals, such as retirement planning or a child's education.

    • Guaranteed additions: Get a guaranteed 5.5% of the Sum Assured added to your maturity benefit for the first five years.

    • Maturity benefit: Receive a lump sum amount at the policy maturity, including the Sum Assured, accrued guaranteed additions, and any bonuses declared.

    • Death benefit: Provides financial protection for your loved ones. In case of your death during the policy term, the benefit amount will be paid to your nominee, including the Sum Assured, accrued guaranteed additions, and any bonuses declared.

    • Tax benefits: Premiums paid may be eligible for tax deductions under Section 80C, and the maturity benefit may be tax-exempt under Section 10(10D) of the Income Tax Act (subject to prevailing tax laws).

  2. Max Life Monthly Income Advantage Plan

    This plan provides a guaranteed monthly income after a specific period, along with life insurance coverage. Here are some key features and benefits:

    • Guaranteed monthly income: Receive a fixed monthly income for a chosen period (10, 20, or 30 years) after the premium payment term ends.

    • Maturity benefit: Get a lump sum amount at policy maturity, including accrued bonuses.

    • Death benefit: Provides financial protection for your loved ones. In case of your death during the policy term, the nominee receives a lump sum benefit, and the policy continues to provide benefits as chosen.

    • Premium waiver on death: If the policyholder dies during the premium payment term, future premiums are waived off, and the beneficiary continues to receive the planned benefits.

    • Tax benefits: Premiums paid may be eligible for tax deductions under Section 80C, and the maturity benefit may be tax-exempt under Section 10(10D) of the Income Tax Act (subject to prevailing tax laws).

  3. Max Life Assured Wealth Plan

    This is a non-linked, non-participating life insurance savings plan designed to guarantee returns and help you build wealth. Here are its key features and benefits:

    • Guaranteed Maturity Benefit: You receive a guaranteed lump sum payout at the policy's end to achieve your financial goals.

    • Flexible Payment Options: Choose from 6 different combinations of premium payment terms and policy terms to fit your saving style.

    • Death Benefit: Provides a lump sum payout to your nominee in case of your unfortunate demise during the policy term, ensuring financial security for your loved ones.

    • Tax Benefits: Get tax relief on premiums paid and policy benefits received under prevailing tax laws.

    • Enhanced Protection with Riders: Optionally add riders to your plan for additional coverage based on your specific needs.

  4. Max Life Guaranteed Income Plan

    This plan focuses on providing a guaranteed income stream after a set policy term. Here's a breakdown of its features and benefits:

    • Guaranteed Income: Receive a guaranteed monthly income for 10 years after the premium payment term ends.

    • Life Insurance Coverage: Offers life insurance protection throughout the policy term.

    • Double Income Benefit: Your monthly income amount doubles after the first five years of the payout period.

    • Flexible Payout Options: Choose to receive the survival benefit (income + lump sum) as a lump sum before the payout period starts.

    • Death Benefit Payout Options: Your nominee can choose to receive the death benefit as a lump sum or monthly income.

    • Tax Benefits: Potential tax exemptions on benefits received under specific tax sections (subject to prevailing tax laws).

Conclusion

Max Life investment plans can be a great medium for securing your future and achieving your financial goals. With various options available, it's important to carefully consider your risk tolerance, investment goals, and budget before choosing a plan. Talking to a financial advisor can help you determine which Max Life insurance investment plan is right for you.

Frequently Asked Questions

  • What types of investment plans does Max Life offer?

    Max Life offers a variety of investment plans, including:
    • Unit Linked Insurance Plans (ULIPs): These plans offer market-linked returns and provide flexibility in choosing your investment portfolio.

    • Wealth Investment Plans: These plans combine life insurance with a guaranteed savings component and allow you to switch your investment funds.

    • Guaranteed Income Plans: These plans focus on providing a steady stream of income after a specific period.

    • Fixed-return plans: These plans offer a fixed rate of return on your investment.

  • What are the benefits of investing with Max Life?

    • Life insurance coverage: Provides financial security for your loved ones in case of your unfortunate demise.

    • Investment potential: Grow your wealth over time and achieve your financial goals.

    • Flexibility: Choose a plan that suits your risk tolerance and investment goals.

    • Riders: Add optional riders to your plan for additional benefits like critical illness cover or disability income.

    • Tax benefits: Investment in ULIPs may qualify for tax deductions under Section 80C of the Income Tax Act (subject to change in tax laws).

  • How do I choose the right Max Life investment plan?

    Consider the following factors when choosing a plan:
    • Your investment goals: Are you saving for retirement, a child's education, or a down payment on a house?

    • Your risk tolerance: How comfortable are you with market fluctuations?

    • Investment horizon: How long do you plan to invest?

    • Premium budget: How much can you afford to invest regularly?

  • What are the charges associated with Max Life investment plans?

    There are various charges associated with Max Life investment plans, including:
    • Policy administration charges

    • Premium allocation charges

    • Surrender charges (if you withdraw your money before the policy term)

    • Fund management charges

  • How to pay a premium? What are the modes of payment available?

    The Max Life Insurance company Ltd. offers 6 modes of premium payment namely:

    • Cash payment at the branch
    • Online Payment
    • ECS
    • NEFT/RTGS
    • IVR
    • Credit card Instructions
    • Direct Debit
    • EBPP
    • Payment at Axis Bank Branch
    • Payment at Axis Bank ATM
    • Your bank branch
    • Sky pack Drop boxes
    • Get the premium cheque collected from home within 7 days. You can call for this service on the toll free number 1800-180-5577 (BSNL/MTNL) or 1800-200-5577 (GSM/CDMA/Others)

    For the online payment mode, the policyholder can pay via;

    • Credit Card,
    • Debit Card
    • Net banking
  • How can I check policy status for Max Life traditional plans?

    Registered users can check policy status online. Login with your username and password on the LOGIN tab give on the company’s home page

  • What is the policy renewal process for Max Life traditional plans?

    For policy renewal online follow these 3 easy steps

    Step1: Enter your Client ID and Date of Birth to login into e-portal

    Step2: Enter the policy details and payment method (Debit/Credit Card or Net Banking)

    Step3: Save/print premium deposit receipt on successful payment intimation

    Alterantively, you can pay via cash/cheque at any of the nearest branch.

  • What is the company’s process to settle claim for Max Life traditional plans?

    For claim settlement the nominee can visit the nearest branch with all the policy documents and the revlant claims form. The claims are settled within 10 working days from collection of all necessary documents for claim settlement.

  • What is the policy cancellation process for Max Life traditional plans?

    For cancellation you need to visit the nearest branch in person with policy documents and surrender form. Upon successful proceedings, the refund will be directly apid in your bank account.

Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. The sorting is based on past 10 years’ fund performance (Fund Data Source: Value Research). For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in
*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
*Please note that the quotes shown will be from our partners
^The tax benefits under Section 80C allow a deduction of up to ₹1.5 lakhs from the taxable income per year and 10(10D) tax benefits are for investments made up to ₹2.5 Lakhs/ year for policies bought after 1 Feb 2021. Tax benefits and savings are subject to changes in tax laws.
¶Long-term capital gains (LTCG) tax (12.5%) is exempted on annual premiums up to 2.5 lacs.
~Source - Google Review Rating available on:- http://bit.ly/3J20bXZ

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Max Life Traditional Plans Reviews & Ratings

4.2 / 5 (Based on 25 Reviews)
(Showing Newest 10 reviews)
Mohan
Dehradun, September 26, 2016
Trustable
Max life insurance company provides wide range of insurance policies. I purchased traditional insurance policy. Policy is perfect with many benefits and paybacks. Claims are very easy to cleared with help of the executives of the company. Online portal is for online renewals which is very easy to do.
Gagan
Akluj, August 24, 2016
"Superb"
The policy i have is max traditional life insurance policy. My colleague suggested me the plan, the plan is quite interesting so i took it. Service is fast and on time till last visit. Online renewal is possible through online portal which can be handled by anyone because it has simple interface.
Nadeem
Kurukshetra, July 26, 2016
Investment plan
Max life insurance policy status facilitates me traditional insurance plan which is very nice and it has low premiums too. The coverage is high and claims are even better. Claiming procedure is simple. The renewals are easy to do on online service which can be operated by anybody.
Jihaan
Lakhanpur, July 11, 2016
Traditional Policy
My investment policy is awesome with some good benefits. Service provided is very quick and due to this the claiming part become easy. Hassle free paperwork and documentations and due to online service the renewal of the policy is simple.
Sumit
Bangalore, June 29, 2016
Good
Policy coverage is good and claims are better which easily sanctioned due to fast service provided by the company members. Very good traditional insurance plan, Premiums are low. Service of the internet is good and easy to use.
Kamal
Navi_mumbai, April 20, 2016
Perfect Policy Plan
I finally buy max life insurance traditional policy plan. Policy covers almost all cases and the amount of returns is around 40 L. Service provided is fast and on time. Good future investment which save taxes. Nice services facilitate by executives and staff members.
Gaurav
Suratgarh, April 20, 2016
Just Go For It
The policy i have is max traditional policy plan which is very good and the premiums are low with high in policy coverage 89%. The claiming part is very easy because the service is very fast with good response from the staff members. Nice future investment with tax savings.
Umakant
Thane, April 20, 2016
Above Average
My max life traditional policy plan is good in services. The policy coverage is good ~85% and the premiums are low. Claiming process is easy due to fast service provided by the executives and the staff members. The payback amount is ~Rs.31 L. I like the terms and conditions of the policy plan.
Yashu
Ulhas_nagar, April 20, 2016
Awesome
Policy has all benefits and the investments are also low. Around Rs.36 L is payback amount. Max life insurance provide me traditional plan which has good facilities and the service is very quick. The up gradation details in policy is mailed to me time to time. The behaviour and service provided by the executive and staff members is awesome.
Waqar
Chittoor, April 20, 2016
Fair Policy
Max life insurance traditional policy plan which have 88% policy coverage and the claims are easy to get because of fast services provided by the executives and staff members. The daily updates are texted and mailed time to time to may email id and cell phone.
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