Max Life Fast Track Super Plan

Max Life Fast Track Super Plan is a Unit Linked Insurance plan providing the dual benefit of capital appreciation through market linked returns and life insurance coverage.

Best ULIP Plans
  • Guaranteed Tax Savings

    Guaranteed Tax Savings^

    Under sec 80C & 10(10D)
  • savings

    ₹1 Crore

    Invest ₹10k Per Month*
  • Zero LTCG Tax

    Zero LTCG Tax^

    Unlike 10% in Mutual Funds
In-built life cover
Top performing plans with High Returns*
Invest ₹10K/month & Get ₹1 Crore returns*
+91
Secure
We don’t spam
Please wait. We Are Processing..
Your personal information is secure with us
Plans available only for people of Indian origin By clicking on "View Plans" you agree to our Privacy Policy and Terms of use #For a 55 year on investment of 20Lacs
Get Updates on WhatsApp
We are rated~
rating
58.9 Million
Registered Consumer
51
Insurance Partners
26.4 Million
Policies Sold

Key Features

  • It is a unit linked insurnace plan with Single Pay, Limited Pay and Regular Pay option of premium payment
  • Guaranteed Loyalty Additions are added in Regular pay plans
  • There is an option of Systematic Transfer plan (STP) which utilizes the concept of rupee cost averaging
  • Under the STP option, the premium net of charges is first allocated to Secure Plus Fund and every month thereafter, a portion of the fund is transferred to Growth Super Fund
  • Under the Dynamic Fund Allocation option, the funds are initially maintained in Growth Super Fund and gradually transferred to Secure Fund towards policy maturity.
  • This option maintains a specified ratio of fund value in Growth Super and Secure Fund which changes with increasing policy term
  • The following funds are available for investment with Secure Plus Fund available only for STP option
    • Growth Super Fund
    • Growth Fund
    • Balanced Fund
    • Conservative Fund
    • Secure Fund

Benefits

  • Guaranteed Loyalty Additions @ 0.3% of the Fund Value are added from the11th year and increase @ 0.02% every year thereafter
  • The insured will get the total Fund Value on Maturity which can be taken in instalments over a period of 5 years through the Settlement Option
  • On death of the policyholder, higher of the Sum Assured or Fund Value subject to a minimum of 105% of all premiums paid till death is payable
  • Income tax benefit on the premium paid as per Section 80C and on claims under Section 10(10D) of the Income Tax Act.

People Also Read: Max Life Nifty Small Cap Fund

Product Specification:

 

Minimum

Maximum

Entry Age (Last Birthday)

18 years

 60 years

Maturity Age (Last Birthday)

-

70 years

Policy Term (PT) in years

10 or 20

Premium Paying Term (PPT) in years

Single pay, 5 Pay or equal to policy term

Yearly Premium

Single Pay – 100,000

5 Pay – 50,000

Regular Pay – 25,000

No limit

Premium Payment Frequency

Annual, half-yearly, quarterly, monthly

Sum Assured

Single Pay – 1.25 * Single Premium.

Regular & Limited Pay – 10 * Annual Premium

No limit

Details about Premium

Annual Premium in Rupees and Benefit Illustration for a term and PPT of 20 years

Age (years)

Premium

Fund Value@ 4%

Fund Value @ 8%

35

40,000

10,07,325

15,87,263

40

50,000

12,55,726

19,78,696

Policy Details

  • Grace Period: 15 days grace is allowed for premium payment in monthly mode and 30 days in annual mode failing which the policy lapses
  • Policy Termination or Surrender Benefit: Policyholder is allowed to surrender the policy after 5 completed years. If surrendered before 5 years, the fund value net of discontinuation charge will be credited to the Linked Discontinued Policy Fund where it will earn a minimum of 4% p.a. growth. After completion of 5 years, the fund value in the Discontinued Policy fund as on that date will be paid to the policyholder. If surrendered after 5 completed policy years, the entire Fund value on the date of surrender is paid without any charges
  • Free Look Period: If you would not be pleased with the coverage, and terms and conditions of the policy, you have the option of canceling the policy within 15 days of receipt of the policy documents, provided there has been no claim.

People also read: max life midcap momentum index fund

Inclusions

  • 2 free Partial withdrawals are allowed every year after 5 completed policy years with a minimum value of Rs.5,000
  • 12 free Switches are allowed every year for switching between funds
  • 6 free Premium Redirections are allowed every year for redirecting future premiums into another fund

Exclusions

  • The benefit paid in case of suicide within 12 months of policy inception or revival is the fund value as on that date.

Documents Required

Policyholder has to fill up an ‘Application form/ proposal form’ with accurate medical history and submit KYC documents.

*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
*Tax benefit is subject to changes in tax laws
^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.
~Source - Google Review Rating available on:- http://bit.ly/3J20bXZ

Ulip Insurer2
Insurers Offering ULIPs

Tata AIA

Aditya Birla Sun Life

Bajaj Allianz

Max Life

HDFC Life

ICICI Prudential

Bharti AXA Life

Edelweiss Life

Kotak Life

Future Generali

PNB MetLife

SBI Life

Aviva

Bandhan Life

Canara HSBC

IDBI Federal

IndiaFirst

Pramerica Life

Reliance Life

Sahara Life

Shriram Life

Star Union

View more insurers
Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
ulipInsurer_3
Ulip Insurer4
Ulip Insurer1

Ulip plans articles

Recent Articles
Popular Articles
Mortality Charges in ULIPs

16 Jul 2024

Mortality charges in a ULIP (Unit Linked Insurance Plan)
Read more
Benefits of Buying Online ULIP Over Offline ULIP

21 Jun 2024

Unit Linked Insurance Plans (ULIPs) have emerged as a popular
Read more
Why Should ULIPs Be Part of Your Financial Planning in 2024?

19 Jun 2024

Financial planning requires agility and growth potential. ULIPs
Read more
ULIP for Wealth Creation

19 Jun 2024

Unit-linked insurance Plans (ULIPs) are financial products that
Read more
Dynamic Asset Allocation

21 May 2024

Dynamic Asset Allocation involves actively adjusting investment
Read more
ULIP Calculator
  • 08 Oct 2018
  • 121900
A ULIP Calculator is a financial tool designed to help you compare ULIP plans and estimate the maturity amount
Read more
SBI Life Smart Privilege Plan: Benefits & Features
  • 11 Jan 2017
  • 88548
SBI Life Smart Privilege is a unit-linked, non-participating life insurance plan offered by SBI Life Insurance
Read more
7 Things to Know About the Tax Benefits of ULIPs
  • 06 Oct 2021
  • 15095
Nowadays, Unit Linked Insurance Plans, i.e., ULIPs, have evolved as the popular income tax saving investment
Read more
ULIP Returns in 5 Years
  • 06 Dec 2023
  • 1912
ULIP means Unit Linked Insurance Plan. It is a unique financial instrument that combines insurance coverage with
Read more
Taxability of ULIP on Surrender
  • 28 Dec 2023
  • 2118
ULIPs, or Unit Linked Insurance Plans, combine insurance and investment. The taxability of ULIP on surrender
Read more

top

Become a Crorepati

Invest ₹10K/Month & Get ₹1 Crore returns*

Mobile +91
*T&C Applied.
Close
Download the Policybazaar app
to manage all your insurance needs.
INSTALL