Max Life Forever Young Plan

Max Life Forever Young Plan Policy is a unit-linked policy that delivers additional annuity benefits to protect the family, especially the partner, from unforeseen adversities and to lead a life of happiness with the loved ones. The policy's standout attributes are guaranteed retirement income for the insured and spouse, guaranteed retirement income for the spouse when the insured is not around, and a minimum guaranteed return from market instruments.

Max Life Forever Young Plan: 

Benefits of Max Life Forever Young Plan:

The benefits are payable only when the Max Life Forever Young Plan Policy status is active: 

Maturity Benefit - Upon maturity at the end of the policy term, two options are chosen at the inception of the policy come into play:

• Pension Maximizer Option

• Pension Preserver Option

Death Benefit - The nominee has the choice to utilize the benefit in one of the following ways:

• Utilize the benefit in full or in part to buy Immediate or Deferred Annuity. 

• Withdraw the entire proceeds of the policy. 

Guaranteed Loyalty Additions - The loyalty additions are applied in the following conditions:

• It is payable in the premium paying policies only

• The additions will be payable in both the premium options of Regular Pay and Single Pay. 

Tax Benefits - The premium paid is entitled to tax exemption under Sec 80C of the Income Tax Act, 1961 up to a maximum of Rs.1.5 Lakhs. 

*Tax benefit is subject to changes in tax laws

The Premium for Max Life Forever Young Plan

Max Life Forever Young Plan premium is payable in two options of Single Pay and Regular Pay. The indicative sample annual premiums payable in the policy are described below:

• Minimum:

  • Single Pay: Rs.1,00,000

  • Regular Pay: Rs.25,000 p.a.

• Maximum: No limit; as per underwriting guidelines

*Standard T&C Apply

Additional Riders for Max Life Forever Young Plan: 

Going through the various Max Life Forever Young Plan Reviews is a great way to learn about the policy's features. The study revealed that the following riders are offered in the policy with a host of features:

• Max Life Partner Care Rider

• Max Life COVID 19 One Year Term Plus Rider

Eligibility for Max Life Forever Young Plan: 

• Entry Age:

  • Minimum: 30 years

  • Maximum: 65 years

• Vesting Age:

  • Minimum: 55 years

  • Maximum: 75 years

What are the documents required to buy this policy?

• Identity Proof

• Age Proof

• Address Proof

• Income Proof

• Bank Account Details

• Recent photograph

How to buy this plan online?

The insurer portal does not offer online Max Life Forever Young Plan for purchase. The applicant has to contact the nearest insurer's office to buy the Max Life Forever Young Plan. The applicant can design the contour of the proposed plan by using the Max Life Forever Young Plan calculator and placing an online request for a financial expert's service. 

Exclusions of Max Life Forever Young Plan: 

The suicide claim provision is applied when the insured commits suicide within twelve months of the policy inception or revival. The nominee is entitled to receive the Fund Value as on the intimation date of death, minus the applicable charges.