Max Life Fast Track Super Plan

Max Life Fast Track Super Plan is a Unit Linked Insurance Plan (ULIP) that offers you the dual benefit of life insurance coverage and investment opportunities. This plan allows you to invest your premiums in various fund options based on your risk appetite.

Read more
kapil-sharma
  • 4.8~ Rated
  • 7.7 Crore Registered Consumer
  • 50 Partners Insurance Partners
  • 4.2 Crore Policies Sold

ULIP 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
+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
7.7 Crore
Registered Consumer
50
Insurance Partners
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.

Top ULIP Funds
Fund Name
AUM
Returns (in %)
3 Year
5 Year
10 Year
3,314 Cr
Returns
17.91%
Returns
25.37%
Highest Returns
Returns
16.33%
Get Details
2,845 Cr
Returns
16.62%
Returns
21.16%
Highest Returns
Returns
14.9%
Get Details
2,694 Cr
Returns
17.43%
Returns
21.32%
Highest Returns
Returns
14.72%
Get Details
4,097 Cr
Returns
18.26%
Returns
20.23%
Highest Returns
Returns
14.61%
Get Details
449 Cr
Returns
14.05%
Returns
18.28%
Highest Returns
Returns
14.07%
Get Details
Fund Name
AUM
Returns (in %)
3 Year
5 Year
10 Year
843 Cr
Returns
17.84%
Returns
19.63%
Highest Returns
Returns
14.82%
Get Details
268 Cr
Returns
13.38%
Returns
15.17%
Highest Returns
Returns
12.02%
Get Details
365 Cr
Returns
12.16%
Returns
13.23%
Highest Returns
Returns
10.93%
Get Details
559 Cr
Returns
9.66%
Returns
12.01%
Highest Returns
Returns
10.61%
Get Details
323 Cr
Returns
10.51%
Returns
12.41%
Highest Returns
Returns
10.55%
Get Details
Fund Name
AUM
Returns (in %)
3 Year
5 Year
10 Year
237 Cr
Returns
7.14%
Returns
7.99%
Returns
8.4%
Highest Returns
Get Details
811 Cr
Returns
6.06%
Returns
6.83%
Returns
7.84%
Highest Returns
Get Details
478 Cr
Returns
5.81%
Returns
6.81%
Returns
7.62%
Highest Returns
Get Details
231 Cr
Returns
7.25%
Returns
7.9%
Highest Returns
Returns
7.54%
Get Details
895 Cr
Returns
6%
Returns
6.57%
Returns
7.52%
Highest Returns
Get Details

Disclaimer :
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

What is the Max Life Fast Track Super Plan?

Max Life Fast Track Super Plan is a Unit Linked Non Participating Individual Life Insurance Plan that offers a unique combination of life insurance coverage and investment opportunities. This investment plan is designed to cater to individuals who desire both financial security and potential wealth growth.

While life insurance provides a safety net for your loved ones in case of unforeseen events, many people also seek avenues to grow their wealth through investments. The Max Life Fast Track Super Plan addresses this dual need by offering a platform to invest in market-linked funds while enjoying the benefits of life insurance.

Features of Max Life Fast Track Super Plan 

Below are the features of the Max Life Fast Track Super Plan: 

  • 14 Fund Options: Choose from a diverse range of 14 fund options to align your investments with your risk appetite.

  • Free Fund Switches: Enjoy the freedom to switch between funds up to 12 times a year at no extra cost.

  • Partial Withdrawals: Once the 5-year lock-in period ends, you can make two partial withdrawals per year to meet your financial needs.

  • Tax Benefits: Get tax benefits on your premium payments as per prevailing government tax laws.

  • Flexible Payout Options: Choose to receive the entire fund value at maturity or opt for a monthly income for five years after maturity.

  • Comprehensive Protection: In case of the unfortunate demise of the policyholder, the nominee receives the higher of life cover or the total fund value (subject to a minimum of 105% of total premiums paid).

  • Reward for Staying Invested: Earn additional benefits in the form of Guaranteed Loyalty Additions, equivalent to 0.30% of the fund value, starting from the 11th policy year.

Also Check: Max Life Investment Plans

Eligibility Criteria for Max Life Fast Track Super Plan

Criteria Details
Age at Entry Minimum: 91 days (Age as on Last Birthday)
Maximum Entry Age for 5 Pay and Single Pay: 60 years
Maximum Entry Age for Regular Pay: 50 years
Maturity Age Minimum: 18 years,
Maximum: 70 years (Age as on Last Birthday)
Policy Term 10 years for Single Pay/5 Pay and 20 years for Regular Pay
Premium Payment Mode Annual, Semi-annual, Quarterly, Monthly
Premium Payment Term
Premium Payment Term Policy Term Minimum Annualized Premium Maximum Annualized Premium
Single Pay 10 Years Rs. 1,00,000 No Limit, subject to underwriting, as per the Board approved
underwriting policy of the company
5 Pay 10 Years Rs. 50,000
Regular Pay 20 Years Rs. 25,000

Invest more and Get more with ULIP Plan Invest more and Get more with ULIP Plan

Benefits of Max Life Fast Track Super Plan

Below are the benefits of the Max Life Fast Track Super Plan:

  • Maturity Benefit: Max Life Fast Track Super is a Unit-Linked Insurance Plan (ULIP). This means your investment grows based on the performance of the chosen funds. At the end of the policy term, you will receive the total value of your investment, known as the fund value, as your maturity benefit.

  • Death Benefit: In the unfortunate event of the policyholder's demise, the nominee will receive the highest of the following:

    • Sum Assured: This is the guaranteed amount based on your premium.

    • Fund Value: The total value of your investment at the time of death.

    • Minimum Guarantee: A sum equal to 105% of the total premiums paid.

  • Tax Benefits: You may be eligible for tax benefits on your premiums and the policy proceeds. However, tax laws are subject to change, and it's advisable to consult with a tax professional to understand your specific situation.

Riders Under Max Life Fast Track Super Plan

Enjoy comprehensive coverage with the Max Life Smart Ultra Protect Rider. This optional rider offers multiple benefits to safeguard your future:

  • Term Booster with Accelerated Terminal Illness: Financial support in case of critical illness.

  • Accidental Death Benefit: Protection for unexpected accidents.

  • Accidental Total & Permanent Disability: Coverage for life-changing disabilities.

  • Payor Benefit: Secure your family's future in case of the payor's demise. 

Policy Details of Max Life Fast Track Super Plan

  • Free Look Period: You have 15 days (or 30 days if the policy was acquired through distance marketing) from the receipt of the policy to review and return it if you disagree with the terms. If returned, you will receive a refund of the non-allocated premium, cancellation charges, and the fund value minus any deductions for mortality, rider benefits, medical expenses, and stamp duty.

  • Grace Period: A grace period of 30 days (15 days for monthly mode) is provided for premium payment. During this time, the insurance coverage continues.

  • Switching Funds: You may switch between available funds anytime, with a minimum switch amount of ₹5,000. Up to 12 switches are allowed per policy year, free of charge. Switching is not allowed during the first five years if the policy is discontinued, but it is permitted during the settlement period.

  • Premium Redirection: You can redirect future premiums among available funds up to six times a year, free of charge. Notice must be given before the premium due date.

  • Partial Withdrawals: Allowed after the first five policy years, with a maximum of two withdrawals per year. The minimum withdrawal amount is ₹5,000, and the maximum is 50% of the fund value, provided the remaining fund value is at least one annualized premium or 25% of the single premium.

  • Settlement Option: You can opt for a settlement option up to 15 days before the maturity date, allowing you to receive payouts over a maximum of five years. Mortality and fund management charges continue during this period, with a risk cover of 105% of total premiums paid. Partial withdrawals are not allowed during this period, but fund switches are.

  • Option to Reduce Premium Post Lock-In: After the five-year lock-in period, you can reduce the premium by up to 50%, subject to a minimum premium limit. This option can be exercised only once, and the sum assured will be reduced proportionately.

  • Revival Period: If the policy lapses due to unpaid premiums, you have three years to revive it. To revive, you must submit a written request, provide proof of insurability, and pay overdue premiums. Upon revival, the risk cover is restored, and the fund value is credited back to the chosen funds. If the policy is not revived within three years, it will be deemed surrendered.

  • Policy Termination: The policy will terminate upon the earlier of the following events:

    • Death of the life insured.

    • Maturity date if no settlement option is chosen.

    • Complete withdrawal (surrender) after five policy years.

    • Failure to revive the policy within the revival period.

    • If the fund value becomes zero.

Exclusions Under Max Life Fast Track Super Plan

Suicide Exclusion

If the Life Insured commits suicide within 12 months from the policy start date or revival, the policy will terminate. Only the Fund Value as on the death date, plus other charges deducted, will be paid to the beneficiary.

Frequently Asked Questions

  • What is the Annualised Premium in the Max Life Fast Track Super Plan?

    The Annualised Premium is the total premium you need to pay in a policy year, excluding any rider premiums, underwriting extra premiums on riders, and applicable taxes. The minimum Annualised Premium varies depending on the premium payment term:
    • Single Pay: ₹100,000

    • 5 years (5 Pay): ₹50,000

    • 20 years (Regular Pay): ₹25,000

  • What Policy Terms are available in the Max Life Fast Track Super Plan?

    You can choose from two policy terms based on your needs:
    • 10 years: Available with Single Pay or 5 Pay premium payment terms.

    • 20 years: Available with Regular Pay premium payment term.

  • What is the Sum Assured in the Max Life Fast Track Super Plan?

    The Sum Assured depends on the premium payment term:
    • For Single Pay, it is 1.25 times the Single Premium.

    • For 5 Pay and Regular Pay, it is 10 times the Annualised Premium.

  • What happens in case of the policyholder's death during the policy term?

    In the unfortunate event of the policyholder's death during the policy term, the nominee will receive the higher of the Sum Assured or the Fund Value as on the date of death, subject to a minimum payout of 105% of all premiums paid until the date of death.
  • What investment options are available in the Max Life Fast Track Super Plan?

    You can choose to invest in one of the 14 available funds or opt for one of the following investment strategies:
    • Systematic Transfer Plan

    • Dynamic Fund Allocation

  • Can I switch between different funds during the policy term?

    Yes, you can switch between different funds. The Max Life Fast Track Super Plan allows up to 12 free fund switches per policy year. The minimum switch amount is ₹5,000.
  • What is the Dynamic Fund Allocation option?

    The Dynamic Fund Allocation option automatically adjusts your investment allocation from equity-oriented funds to more conservative funds as the policy approaches maturity. This strategy is designed to reduce risk over time and is only available at the inception of the policy.
  • Are partial withdrawals allowed in the Max Life Fast Track Super Plan?

    Yes, partial withdrawals are allowed after the first five policy years. You can make up to two withdrawals per year, with a minimum amount of ₹5,000 per withdrawal. However, the remaining fund value must be at least one Annualised Premium or 25% of the Single Premium.
  • What is the Maturity Benefit of the Max Life Fast Track Super Plan?

    Upon maturity, you will receive the Fund Value, which is calculated as the accumulated units in your chosen funds multiplied by the Net Asset Value (NAV) on the maturity date.
  • Are there any Guaranteed Loyalty Additions in the Max Life Fast Track Super Plan?

    Yes, starting from the 11th policy year, 0.30% of the Fund Value is added annually as Guaranteed Loyalty Additions. These additions increase by 0.02% each year thereafter and are applicable only to policies with Regular Pay.

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

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
14 ULIP Charges You Should Know About

14 Nov 2024

When investing in Unit-Linked Insurance Plans (ULIPs), it’s
Read more
Top-Up Premium in ULIP

11 Nov 2024

A top-up premium in a ULIP (Unit Linked Insurance Plan) allows
Read more
Sum Assured in ULIP

05 Nov 2024

Sum Assured in a Unit Linked Insurance Plan (ULIP) is the
Read more
Partial Withdrawal Feature in ULIPs

19 Sep 2024

ULIPs offer a flexible feature known as partial withdrawal. This
Read more
SBI Life Smart Platina Plus

09 Sep 2024

SBI Life Smart Platina Plus is a life insurance savings plan
Read more
ULIP Calculator
  • 08 Oct 2018
  • 128467
A ULIP Calculator is a financial tool designed to help you compare ULIP plans and estimate the maturity amount
Read more
SBI Life Smart Platina Plus
  • 09 Sep 2024
  • 26924
SBI Life Smart Platina Plus is a life insurance savings plan designed to provide financial security and income in
Read more
SBI Life Smart Privilege Plan: Benefits & Features
  • 11 Jan 2017
  • 105420
SBI Life Smart Privilege is a unit-linked, non-participating life insurance plan offered by SBI Life Insurance
Read more
Tata AIA ULIP Plan Calculator
  • 07 Feb 2023
  • 8370
A Tata AIA ULIP Plan Calculator is a premium and returns calculation tool that helps easily and quickly compare
Read more
SBI Life Smart Platina Assure
  • 23 Aug 2024
  • 3483
SBI Life Smart Platina Assure is a life insurance savings plan that offers guaranteed returns. It's a non-linked
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