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Max Life Investment

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Max Life Investment
Highlights
Claim Settlement Ratio99.35%
Customer Care9:00 AM to 6:00 PM
Death Benefit Paid For15,342 Policies
Inception2000
Presence269 Offices
Total Death Benefit Paid562.54 Crore

About Max Life Investment

One of India’s leading investment companies, Max Life Insurance offers a bunch of investment plans to policyholders. Depending on your risk appetite, you can thus buy different types of investment plans with Max Life. With Max life investment plans, you can easily multiply your savings and secure your future. Read on to know more about Max investment plans.

Types of Max Life Investment Plans?

Max Life offers various types of investment options to cater to the unique financial needs of its customers. You can pick any traditional life insurance product, depending on your goals. Some of the best Max Life Investment Plans are highlighted in the table below:

Investment Goal

Max Life Investment Plan

Entry Age

Max. Maturity Age

Child Education

Max Life Shiksha Plus Super

21- 50 years

65 years

Max Life Online Savings Plan Variant 2

18- 54 years

64 years

Retirement Planning

Max Life Forever Young Pension Plan

30- 65 years

-

Max Life Perfect Partner Super Plan

91 days- 55 years

75 years

Max Life Guaranteed Income Lifetime Income Plan

45- 80 years

-

Max Life Saral Pension Plan

40- 80 years

-

Wealth Creation

Max Life Platinum Wealth Plan

91 days- 60 years

70 years

Max Life Fast Track Super Plan

91 days- 60 years

70 years

Max Life Online Savings Plan Variant- 1

18- 60 years

85 years

Guaranteed Savings and Income Plan

Max Life Savings Advantage Plan

0- 65 years

75 years

Max Life Monthly Income Advantage Plan

18- 55 years

90 years

Max Life Whole Life Super Plan

18- 60 years

-

Max Life Smart Wealth Plan

91 days- 65 years

85 years

Max Life Assured Wealth Plan

91 days- 60 years

70 years

Let’s discuss the features and benefits of each plan in detail!

Max Life Shiksha Plus Super

  • It is a comprehensive child ULIP plan that ensures financial stability for your children even when you are not around.
  • Flexibility to choose either 10 years policy tenure or any duration between 15 and 25 years.
  • Select from seven fund options to invest and secure the future of your family.
  • Earn additional royalty income starting in the 11th year of your traditional investment plan.
  • Enjoy tax deductions on a premium paid as per the prevailing tax laws.

Max Life Online Savings Plan Variant 2

  • The highest sum assured, or 105% of the total premiums, is paid to the life assured upon maturity.
  • Family monthly income benefit is equal to 1% of the sum assured for a minimum of 3 years and a maximum of 10 years from the date of the policy anniversary date.
  • Policyholders are eligible for tax benefits against the premium paid as per the relevant sections of the Income Tax Act, 1961.
  • A maturity benefit, along with earned bonuses, is paid to the policyholder at the end of the policy tenure.
  • Enhance the coverage of your policy by purchasing COVID-19 one-year term plus rider.

Max Life Forever Young Pension Plan

  • The plan participates in the money market and enables investors to enjoy market-linked returns.
  • Annuity benefits are paid to secure the future of your spouse in the event of the policyholder's unfortunate demise during the policy tenure.
  • Eligible for loyalty additions equal to 0.5% of the fund value every year from the beginning of the 10th year of the policy.
  • Two fund options are available: pension maximiser option and pension preserver option for the investors.

Max Life Perfect Partner Super Plan

  • This is a retirement plan that you can buy to secure the golden years of life for yourself and your spouse.
  • The plan provides life protection for policyholders up to the age of 75 years.
  • A guaranteed payout equal to 21.5% of the sum assured is paid on the maturity, you can use this amount to secure your retirement.
  • The death benefit is paid upon the demise of the policyholder and the maturity benefit is paid including accrued interest paid up additions and terminal bonus.
  • Policyholders can enhance the coverage of their plan with riders by paying an extra premium.

Max Life Guaranteed Income Lifetime Income Plan

  • It is an annuity plan to secure the retirement of individuals.
  • The plan provides a regular stream of income during your entire retirement period.
  • The spouse of the policyholder continues to receive the annuities even in your absence under the Joint Life Annuity Plan.
  • You can select from monthly, quarterly, half-yearly or yearly basis payout options.
  • Select from different annuity options such as immediate and deferred annuity with or without death benefits.

Max Life Saral Pension Plan

  • In this immediate annuity plan, policyholders begin receiving assured payouts once all premiums have been paid.
  • The guaranteed income benefit is payable for the duration selected by the policyholders and after the end of the policy tenure.
  • Nominees are liable to receive 100% of the sum assured in case of the policyholder’s death under the single-life annuity option.
  • The spouse continues to receive annuities till death in case of the demise of the primary policyholder under the joint life annuity option.
  • Policyholders can avail of a loan facility on their Max Life Saral Pension Plan after the completion of 6 months of the policy tenure.

Max Life Platinum Wealth Plan

  • This investment plan allows you to increase your savings through market-linked returns and wealth boosters.
  • It allows you to grow substantial wealth for your loved ones to secure the future financial needs of your loved ones.
  • Choose between 6 fund options categorised from debt, equities, and a mix of debt & equity funds.

Max Life Fast Track Super Plan

  • The plan provides financial protection to policyholders through investing in the market.
  • Policyholders can select from 6 different fund options.
  • Free 12 switch between the funds as per your risk appetite is offered.
  • The lock-in period is 5 years. Policyholders can make a free switch of funds twice every year.
  • Loyalty additions are added to the sum assured every year from the beginning of the 11th year.

Max Life Online Savings Plan Variant- 1

  • The plan provides life coverage and the option to maximize wealth to satisfy important milestones.
  • There are no allocation or administration fees involved.
  • Policyholders can select from eight fund options as per their risk profile.
  • You can either choose to get the sum assured and accumulated benefits in a lump sum or in installments at maturity.

Max Life Savings Advantage Plan

  • The plan allows you to create wealth and grow a corpus of funds to accomplish your different financial goals.
  • The life insurance policy ensures financial security for you and your family in the event of uncertainties.
  • Policyholders are eligible for 5.5% of the guaranteed sum assured every year for the first 5 years after maturity.
  • Enhance the coverage of your policy by purchasing add-ons with your Max Life Savings Advantage Plan.

Max Life Monthly Income Advantage Plan

  • Eligible for assured monthly income for 10, 20, or 30 years after the successful premium payments.
  • Enjoy life insurance for 45 years, which ensures financial security for your loved ones.
  • The nominee will get a lump sum payment if the life assured dies. Regardless, the policy will be extended until the maturity date.
  • Enhance the coverage of your plan by purchasing COVID-19 one-year term insurance rider with your base investment plan.

Max Life Whole Life Super Plan

  • This plan provides life insurance coverage until the policyholder reaches the age of 100.
  • It provides a guaranteed payout upon policy maturity as well as upon the death of the policyholder, including accrued bonuses.
  • It includes a terminal illness benefit that pays out 50% of the guaranteed sum at maturity upon the diagnosis of a terminal disease.
  • If you have an immediate need for cash, you can withdraw the collected bonuses.
  • Flexibility to pay the premium in different tenures.

Max Life Smart Wealth Plan

  • Policyholders can select from four different plan variants.
  • The maturity benefit is paid in a lump sum along with the guaranteed sum assured and guaranteed additions.
  • Receive regular flow of income for 6, 8, 10, or 12 years.
  • You will receive guaranteed income as well as a terminal benefit for a period of 25 years or 30 years.
  • This is a combination of life insurance and savings options that provides policyholders with a guaranteed income until the death of the life assured.
  • Rider protection against accidental fatalities and disabilities is available.

Max Life Assured Wealth Plan

  • The life insurance policy assures that your family receives the death benefit amount in a lump payment if you die during the coverage period.
  • You will get a guaranteed maturity benefit at the end of the policy's tenure to help you meet your investment objectives.
  • You can choose the Max Life Waiver of Premium Plus Rider, which waives all future premiums if you are diagnosed with a serious illness or are disabled.
  • The policy plan enables policyholders to save systematically by selecting their preferred premium and policy terms.

Benefits of Buying Max Life Investment Plans

With so many investment companies available, it often becomes challenging to choose the right company. To help you out, we have listed some of the reasons why you should choose Max Life for your investment needs:

  • Wealth Creation: With Max Life investment plans, you can multiply your savings easily. Offering great returns, Max Life investment plans are often a preferred option for investors.
  • Variety of Plans Available: Max Life offers a number of investment plans so that you can easily pick a desired investment plan based on your budget and requirement. Some of the investment plans available are Max Life Savings Advantage Plan, Max Life Whole Life Super, Max Life Monthly Income Advantage Plan, and more.
  • Ensure Financial Protection: With Max Life investment plans, you can secure a financial future for yourself and your loved ones in a planned manner. Investment plans ensure that your need is never compromised in the long run due to any kind of unfortunate event.
  • Secures your Retirement: The different investment plans offered by Max Life are also helpful to secure your retirement needs. With Max Life Investment plans you can create a great corpus for your retirement needs.
  • Tax Savings: Investment plans also offers the opportunity to reduce your tax liability as specified under section 80C of the Income Tax Act. If you buy any of the investment plans offered by Max Life, you can enjoy tax savings of up to Rs. 46,800.

Factors to Consider While Buying Investment Plans

There are a number of factors that you need to consider while buying investment plans such as those listed below:

  • Future Golas: First and foremost, you need to keep your future goals in mind while buying an investment plan. For instance, you need to analyse what will be your financial requirements in the future and accordingly choose the right investment plan for yourself.
  • Income: You should also keep your income in mind while choosing the best investment plan for yourself. This is necessary because you cannot invest in a plan that does not fit into your budget. Thus, along with your future goals, you also need to keep your present income in mind while choosing an investment plan.
  • Financial Dependents: Another factor that you need to consider is your financial dependents. This is because if you fail to consider your dependents while choosing an investment plan, it will become difficult to choose the right investment plan for yourself. So, if you have dependent parents or children whom you will have to look after in the long run, then accordingly choose the investment plan.
  • Tax-free Options: There are a number of tax-free investment schemes available, so if you want to save taxes, you should invest in a tax-free investment option.
  • Investment Plans: There are different types of investment plans available based on the market risk such as low-risk investment plan, medium-risk investment plan, and high-risk investment plan. ULIP is a type of investment plan that involves high risk as it depends on market conditions, on the other hand, there are money-back plans that comparatively involve lower risks. So, while choosing an investment plan, you need to assess your risk appetite and accordingly buy the right investment plan.
  • Liquidity: While buying any type of investment plan, you must check whether it offers liquidity or not. This is important because if the investment plan you are buying does not offer liquidity, then you will be unable to satisfy your immediate financial needs with an investment plan.
  • Performance of the Plan: The rate of return varies depending on the type of investment plan you are buying. You should thus carefully assess the performance of the investment plan before investing in any.

How to Buy Max Life Investment Plans with InsuranceDekho?

Listed below are the steps you need to follow to buy Max Life investment plans with InsuranceDekho:

  • Click on the investment option on InsuranceDekho website
  • Enter all the necessary information such as your name, age, income, and others
  • Once you have entered the details, you will be able to view the different investment plans. Select Max Life from the plans available
  • Now, depending on your budget, select a desired investment plan
  • Proceed with paying for the investment plan
  • Once your payment details are approved, you will receive the investment plan details on your registered email id

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FAQ About Max Life Investment

  • What are the documents required to buy investment plans?

    The following documents are required:

    • Proof of income
    • Proof of address
    • Proof of age
    • Proof of identification
  • What is the best way to pay a premium? What are the different payment options?

    The Max Life Insurance Company Ltd. offers six different ways to pay your premiums: 

    • Payment at the branch
    • Online Payment
    • Instructions for using a credit card
    • Debit Card
    • Branch of your bank
    • EBPP

    For the online payment mode:

    • Debit Card and Credit Card
    • Net Banking
  • How can I find out if my Max Life traditional plan is still active?

    Online policy status can be checked by registered users. On the company's home page, click the LOGIN tab and enter your username and password.

  • What is the procedure for renewing Max Life traditional plans?

    Follow these three simple actions to renew your coverage online.

    Step 1: To access the e-portal, input your Client ID and Date of Birth.

    Step 2: Fill out the insurance information as well as the payment method (debit/credit card or net banking).

    Step 3: Save/print the premium deposit receipt after getting payment confirmation.

    You can also pay in cash or a cheque at any of the surrounding locations.

  • What is the procedure of the company for settling claims for traditional Max Life plans?

    The nominee can go to the nearest branch with all of the insurance paperwork and the revised claims form to settle the claim. From the time the relevant documentation for claim settlement is collected, the claims are paid within 10 working days.

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