Max Life Life Perfect Partner Super

True to its name, theMax Life Life Perfect Partner Super Policylooks after the post-retirement finances with a steady income stream and life cover until the ripe age of 75 years. A Non-Linked Participating Savings Life Insurance, theMax Life Life Perfect Partner Super Policyoffers flexibility to ensure blissful protected retirement years of togetherness. 

Max Life Life Perfect Partner Super Details: 

Benefits of Max Life - Life Perfect Partner Super

The condition that applies uniformly for disbursal of the benefits is that the Max Life Life Perfect Partner Super Policy statusshould be active. 

• Guaranteed Survival Benefit - The benefit is a percentage of the Guaranteed Maturity Sum Assured paid after retirement in the form of annual money-back for 15 years from insured's age 61 to 75 years. 

• Maturity Benefit - The benefit is paid immediately after the insured's 75thbirthday. The payable is a sum of Guaranteed Maturity Sum Assured, accrued Paid-Up Additions, and the Terminal Bonus.   

• Death Benefit - The benefit is paid upon the death of the insured within the policy term.  The payable is a sum of Guaranteed Death Sum Assured, accrued Paid-Up Additions, and the Terminal Bonus. The policy terminates upon disbursal of the benefit.

• Terminal Illness Benefit - It is paid only once in the policy term when the insured is diagnosed with a terminal illness and medically certified to cause death within six months of the certification. The amount payable is up to 50% of the face amount of Guaranteed Maturity Sum Assured. 

• Tax Benefit - The premium and the benefit received are eligible for tax deduction under Sections 80C &10(10D) of the Income Tax Act, 19861. 

*Tax benefit is subject to changes in tax laws

The Premium for Max Life Life Perfect Partner Super

The Max Life Life Perfect Partner Super premiumis paid for selected PPT in a Regular Pay Mode in Annually, Semi-Annually, Quarterly, and Monthly installments. The indicative premium paid in the policy is as follows: 

• Premium Payment Term for 7 years: 

• Minimum: Rs. 20,000 per annum

• Premium Payment Term for 10, 15, and 20 years: 

• Minimum: Rs. 8,500 per annum

There is no limit to the maximum premium amount, and it is as per the underwriting norms.

*Standard T&C Apply

People also read: max life mid cap fund

Additional Riders for Max Life - Life Perfect Partner Super

According to the Max Life Life Perfect Partner Super reviews,the following additional riders are offered:

• Max Life Term Plus Rider

• Max Life Accidental Death and Dismemberment Rider

• Max Life Waiver of Premium Plus Rider

Eligibility for Max Life - Life Perfect Partner Super

• Entry Age:

• Minimum: 91 days

• Maximum: 

• For PPT 7 and 10: 55 years

• For PPT 15: 50 years

• For PPT 20: 45 years

**PPT means Premium Payment Term

• Maturity Age: Maximum: 75 years

**Policy anniversary following or coinciding with the insured attaining 75 years of age.

People also read: max life mid cap fund

What are the documents required to buy this policy?

• Identity Proof

• Income Proof

• Age Proof

• Address Proof

• Photographs

How to buy this plan online?

Max Life Life Perfect Partner Superis not available online. However, interested candidates should use theMax Life Life Perfect Partner Super calculatorto model a plan matching their parameters. The applicant has to rely on the conventional method to buy Max Life Life Perfect Partner Superas per the designed policy with the expert's help. 

Exclusions of Max Life Life Perfect Partner Super

For the policyholder's death by suicide within a year of the risk commencement of policy revival, the nominee is paid the Surrender Value, or 80% of the paid premiums, as on the date of death. The policy will terminate immediately after that.