Investing in a life insurance policy is a crucial decision. Different policies offer multiple benefits and only when a person is aware of all the benefits, they should finalise one. Besides, the insurance has many companies wherein Max Life Insurance is amongst the leading. This article aims to resolve confusions that customers may have regarding Max Life Insurance Benefits.Read more
*Tax benefit is subject to changes in tax laws. *Standard T&C Apply
** Discount is offered by the insurance company as approved by IRDAI for the product under File & Use guidelines
There are different types of life insurance offered in India. Each policy falls under the following major categories:
Term insurance plans can be purchased for a specific term like 20 years or 30 years. There are no maturity benefits with this type of plan, making the premiums cheaper.
Following are the Max Life Insurance Benefits of term insurance plans:
This is a subtype of a term insurance plan. If a customer invests in this type of plan, he can avail of a maturity benefit at the time of maturity of his policy. This helps customers invest in life insurance to reap higher benefits of their premiums.
Max Life Insurance Benefits for term insurance with return of premium are:
ULIP plans offer the following benefits:
An endowment policy allows a policyholder to enjoy insurance benefits and help build corpus through investments. The policyholder will have the benefit of being covered for the term of the policy. Further, the plan incurs savings over a period that add up to a considerable lump sum by the time the policy matures.
Following are the Max Life Insurance Benefits on Endowment Plans are:
When investing in this kind of policy, the policyholder can receive continuous returns until the policy remains active. A specific portion of the Sum Assured is paid back to the policyholders during the tenure of the policy.
Max Life Investment Benefits with Money Back Policy are:
Whole life insurance will insure a person up to 100 years of age.
Group life insurance provides insurance to a group of individuals. For instance, the insurance offered by an employer to its employees would be termed group insurance. The benefits of these plans are similar to regular life insurance plans.
These plans provide mainly to invest in the future of the children of the policyholder. They may be purchased at any time from the birth of the child.
Max Life Insurance Benefits with Child Insurance Plans are:
These plans are mainly for building the corpus for policyholder’s retirement. Such plans tend to become the source of stable income for times after the policyholder retires from routine jobs. They provide death benefits and vesting benefits.
Max Life Insurance Benefits with Retirement Plans are:
It is safe to assume that Max Life Insurance Benefits are numerous on purchasing any of their policies. The customer thus needs only to decide what kind of policy he wishes to invest in and for the duration of the same. They have plans to suit every requirement.