Max Life Investment Plans

Types of Max Life Investment Plans

Max Life has two basic divisions of investment plans based on the risk factor. These are -

• Traditional Investment Plans - These are insurance cum investment products that enable long-term wealth accumulation. A fixed sum is assured as maturity benefit towards which policyholders pay regular premiums. On the date of maturity, policyholders can claim this benefit as monthly income or in a lump sum.

• Market-linked Plans - These are unit-linked insurance plans that invest in market-linked funds such as equity and debt securities and earn returns based on the performance of the funds. The premium paid towards such policies is split between a life cover and investment in the market. If the funds perform well, the returns accrue over time to accelerate wealth creation.

Here is a list of Max Life investment plans based on the type and goal of an investment.

Max Life Traditional Investment Plans

Max Life offers guaranteed savings and guaranteed income options under its traditional investment plans. These plans can be purchased to grow funds for retirement planning, child support, or as compensation for loss of income.

Max Life Guaranteed Savings Plans

Max Life Guaranteed Savings Plans allow you to save systematically and reap the benefits at the time of maturity. These offer a guaranteed return, meaning that there is no risk to the money invested.

The duration of such Max Life investment plans shall depend on what your goal is. For instance, if it is for your retirement, you will need a long-term savings plan. On the other hand, if you are planning to save for a house in the near future, it could be a short-term investment plan.

Max Life Guaranteed Savings Plans are as follows -

1. Max Life Savings Advantage Plan

   • The plan allows you to save your money and grow a corpus to fulfill your goals in life.

   • The life cover ensures that your loved ones are protected in times of adversities.

   • For the first 5 years after maturity, you will receive 5.5% of the guaranteed sum assured every year.

   • In addition, 110% of the guaranteed sum assured is paid out upon maturity of the policy along with accrued paid up additions and terminal bonus.

   • You can avail of extra protection through riders against critical illness, accidental death, and disability.

2. Max Life Monthly Income Advantage Plan

   • You get guaranteed monthly income for 10, 20 or 30 years following successful premium payment.

   • You can enjoy life coverage for up to 45 years, meaning that your family remains financially protected even in your absence.

   • On the death of the life assured, the nominee shall receive a lump sum payout. Despite this, the policy shall continue till the date of maturity.

   • This plan comes with extra protection against COVID 19 with the Max Life COVID19 One Year Term Rider.

3. Max Life Whole Life Super Plan

   • The life cover under this plan continues till the policyholder turns 100 years of age.

   • It offers a guaranteed payout on the maturity of the policy as well as on the death of the policyholder along with accrued bonuses.

   • It comes with an in-built terminal illness benefit under which 50% of the guaranteed sum at maturity is paid out following the diagnosis of a terminal illness.

   • In case you face any urgent need for cash, you have the option to withdraw the accumulated bonuses.

   • You can choose to pay premiums for 10, 15, or 20 years per your circumstances.

4. Max Life Assured Wealth Plan

   • The life cover ensures that your family receives the death benefit amount in a lump sum following your death within the coverage period.

   • You will receive a guaranteed maturity benefit at the end of the policy term to serve your investment goals.

   • The plan offers flexibility in choosing the premium payment term and the policy term which allows policyholders to save systematically at their own pace.

   • You can opt for the Max Life Waiver of Premium Plus Rider which waives off all future premiums on being diagnosed with a critical illness or having suffered through a disability.

5. Max Life Perfect Partner Super Plan

   • This Max Life retirement plan is designed to financially secure the future of your spouse with a life cover till you turn 75 years of age.

   • This plan also offers a guaranteed payout equal to 212.5% of the sum assured on maturity, which you can use towards your retirement.

   • The amount payable on the death of the policyholder and on the maturity of the policy increased with accrued paid up additions and terminal bonus.

   • The following riders can be bought with this retirement plan -

   • Max Life Term Plus Rider

   • Max Life Accidental Death & Dismemberment Rider

   • Max Life Waiver of Premium Plus Rider

   • Max Life COVID19 One Year Term Rider

   • Max Life Critical Illness and Disability Rider

Max Life Guaranteed Income Plan

These plans offer a fixed amount as income every year following the end of the policy term. This adds to the regular income of the family or can help compensate for the loss of one, say after retirement. Max Life offers the following Guaranteed Income Plans -

1. Max Life Smart Wealth Plan

   • It comes out with 4 different plan variants based on the maturity payout. These are -

     • Lumpsum - The maturity benefit, which is comprised of guaranteed sum assured and guaranteed additions, is paid in lump sum.

     • Short Term Income - You will receive guaranteed income for a period of 6, 8, 10, or 12 years.

     • Long Term Income - You will receive guaranteed income along with terminal benefit for a period of 25 years or 30 years.

     • Whole Life Income - It is a joint life insurance cum savings option, wherein policyholders receive a guaranteed income till the death of the last survivor.

   • The death benefit is payable as a lump sum amount on the death of the policyholder.

   • You can avail of rider protection against accidental deaths and disabilities and critical illnesses.

2. Max Life Guaranteed Lifetime Income Plan

   • This is a Max Life annuity plan for people planning their retirements.

   • It guarantees a regular stream of income for as long as you live post retirement.

   • Under the Joint Life Annuity variant of the plan, your spouse shall continue to receive the annuities even in your absence.

   • You can choose to receive the payouts on a monthly, quarterly, half-yearly, or yearly basis.

   • You can further choose different annuity options such as immediate and deferred annuity with or without death benefits.

3. Max Life Saral Pension Plan

   • This is an immediate annuity plan, meaning that policyholders will start receiving guaranteed payouts as soon as premium payments are done.

   • The guaranteed income benefit is payable for the period chosen by the policyholder and after the end of the policy term.

   • In the case of death of the policyholder under the single life annuity option, nominees will receive 100% of the purchase price.

   • In the case of death of the primary policyholder under the joint life annuity option, the spouse continues to receive annuities till death.

   • You can also avail of loans under this Max Life retirement plan after you complete 6 months of the policy term.

Max Life Market-Linked Plans

These are popularly known as Unit-linked Insurance Plans, indicating the dual nature of insurance and investment in market funds. The returns from Max Life ULIPs can help you beat inflation if they perform well, however, the risk is completely borne by the investor.

Max Life unit-linked insurance plans cater to goal-oriented solutions such as wealth creation, child education, and retirement planning.

Max Life Child ULIPs

1. Max Life Shiksha Plus Super

   • This child ULIP by Max Life enables you to participate in the equity market and earn high returns in the long term.

   • The different types of funds that you can invest in are - government securities, corporate bonds, equity, money market, and cash instruments. This mix of high-risk and low-risk investment plans helps you diversify and balance out the overall risk.

   • Further, on the death of the life assured, the child receives the death benefit amount.

   • This child investment plan also comes with a Family Income Benefit which is an amount equal to 10% of the sum assured. It is paid annually for a period of 10 years from the date of death of the policyholder.

   • Death of the policyholder also waives off future premiums payable but keeps the policy in force. This ensures that the funds continue to remain invested till maturity and accrue returns.

2. Max Life Online Savings Plan Variant 2

   • This child investment plan by Max Life offers parents an opportunity to secure the lives of their children with its triple protection benefit. On the death of the parent, the child receives the following -

     • Lump sum payout

     • Monthly income

     • Policy continuation

   • Policy continuation ensures that the money invested in market-linked securities continues to remain invested till the date of maturity. The future premiums are paid by the company.

   • The accumulated fund value will be paid on maturity to be used for the benefit of the child.

   • Life cover for the parents can last till they turn 85 years of age.

   • If you find that your funds aren’t performing well, you can switch them to a different one unlimited times in a year.

   • Partial withdrawals from the fund value are allowed after the initial lock-in period of 5 years.

Max Life Unit-Linked Retirement Plans

Max Life Forever Young Pension Plan

• This Max Life investment plan participates in the money market and allows investors to enjoy market-linked returns to fund their retirement.

• The plan comes with annuity benefits that safeguard the future of your spouse financially in the event of your death within the coverage period.

• You will also receive loyalty additions equal to 0.5% of the fund value every year starting from the 10th policy year.

• The fund options available to you are -

  • Pension Maximiser Option - It is a hybrid fund that invests in both debt instruments and equities. The risk profile is moderate.

  • Pension Preserver Option - It is a hybrid fund that invests a majority in debt instruments. The risk profile is low.

Wealth Creation with Max Life ULIPs

1. Max Life Platinum Wealth Plan

   • This investment plan helps you maximize your savings through market-linked returns and wealth boosters.

   • It enables you to grow a substantial corpus for the family that is payable as death and maturity benefits.

   • You get the choice of 6 funds with this Max Life investment plan - High Growth Fund (equity), Secure Plus Fund (debt), Growth Super Fund (equity), Growth Fund (equity), Balanced Fund (mix of debt & equity), Conservative Fund (debt), and Secure Fund (debt).

2. Max Life Fast Track Super Plan

   • The plan is designed to offer insurance protection to the policyholder while allowing him/her to invest in the market in a way that balances the risk profile.

   • You can choose to park your premiums in 6 different fund options.

   • If any of the invested funds is not performing well, you can switch to a different one for free. This is subject to a limit of 12 free switches.

   • This Max Life investment option allows you to withdraw funds for free twice every year. However, this can be done only after the lock-in period of 5 years.

   • The lock-in period ensures that the investor remains invested for a longer duration to benefit from the power of compounding.

   • Loyalty additions are added to the fund value every year starting from the 11th policy year.

3. Max Life Online Savings Plan Variant 1

   • It comes with a life cover and an option to increase it on reaching important milestones.

   • It does not charge any allocation or administration fees.

   • You have the choice of 8 fund options that you can choose per your risk appetite.

   • The entire sum with the accumulated returns from market-linked investments are offered to you in lump sum or in installments at the time of maturity.

Max Life Traditional Plans - FAQ