Max Life Monthly Income Advantage Plan
Max Life Monthly Income Advantage Plan
A Non-Linked Participating Individual Life Insurance Savings Plan
UIN: 104N091V06
Presenting Max Life Monthly Income Advantage Plan, a comprehensive individual life insurance savings & protection plan that provides you guaranteed1 monthly income as per your needs to meet your recurring expenses and lump-sum benefit, which comprises of non-guaranteed bonuses, at maturity to cater to your long term financial goals, thus, ensuring that your dreams for your loved ones are addressed at all times
KEY ATTRACTIONS
1. Flexibility with choice of 15 variants
The product offers multiple Premium Payment Term and Policy Term combinations which a customer can choose basis his requirements.
2. Guaranteed1 Monthly Income
The product provides you guaranteed monthly income for a fixed period of your choice (10, 20 or 30 years) immediately after completion of Premium Payment Term thereby helping you cater to expenses towards your child’s education/extra-curricular activities or retirement needs.
3. Lump-sum Maturity Benefit
A sum of accrued compound reversionary bonuses and terminal bonus is payable on maturity to cater to your long term financial goals.
4. Risk Coverage
The product also offers a lump-sum benefit immediately on death of the Life Insured to ensure financial security of your loved ones.
5. Policy Continuance Benefit
In case of an eventuality, in addition to the lump-sum benefit, the Company also waives off all future premiums payable by you to ensure that all benefits i.e. Survival benefit& Maturity Benefits are paid to your beneficiary as and when due, thus, ensuring that your dream for your child’s future/Spouse’s retirement is taken care of even in your absence.
RIDERS- Avail the option of enhancing your risk coverage through the available riders
1. Max Life Accidental Death and Dismemberment Rider (A Non-Linked Non-Participating Individual Pure Risk Premium Health Insurance Rider UIN: 104B027V04), which provides additional benefits in case of death or dismemberment of the Life Insured due to an accident.
2. Max Life Term Plus Rider (Non-Linked Non-Participating Individual Pure Risk Premium Life Insurance Rider UIN:104B026V03), which provides additional lump sum benefit in case of death of the Life Insured.
3. Max Life Critical Illness and Disability Rider (Non-Linked Non-Participating Individual Pure Risk Premium Health Insurance Rider UIN: 104B033V01), which provides additional lump sum benefit in case of critical illness diagnosis.
TAX BENEFITS
You may be entitled to certain applicable tax benefits on your premiums and Policy benefits. Please note that all the tax benefits are subject to prevailing tax laws subject to change at the time of payment of premium or receipt of benefits by you. It is advisable to seek an independent tax consultation.
For more Details, please refer Product & Rider Prospectus (on Max Life Website).
Disclaimer:
1Guaranteed benefits are applicable if all due premiums are paid
THE LIFE INSURANCE CONTRACT IS BETWEEN THE PROPOSER AND MAX LIFE INSURANCE. LIFE INSURANCE COVERAGE IS AVAILABLE IN THESE PRODUCTS. THESE LIFE INSURANCE PRODUCTS ARE OFFERED AND UNDERWRITTEN BY MAX LIFE INSURANCE COMPANY LIMITED.
Max Life Insurance Company Limited Is a Joint Venture betweenMax Financial Services Limited and Axis Bank Limited. Max Life Insurance Co. Ltd., 11th Floor, DLF Square Building, Jacaranda Marg, DLF City Phase II, Gurugram – 122 002 (Haryana). Insurance Is the subject matter of solicitation. Trade logo displayed belongs to Max Financial Services Ltd. and Axis Bank Ltd. respectively and with their consents, are used by Max Life Insurance Co. Ltd. For more details on the risk factors, terms and conditions, please read the Prospectus carefully before concluding a sale. Customer helpline number – 1860 120 5577, Website: www.maxlifeinsurance.com, SMS 'LIFE' to 5616188.
Peerless Financial Products Distribution Ltd. is a Corporate Agent of Max Life Insurance Co. Ltd. Registered Office: Peerless Financial Products Distribution Ltd., 1 (H-L) Chowringhee Square, 4th Floor, Kolkata – 700 069.
ARN No.: MLI/Peerless/Max Life Monthly Income Advantage Plan/V06/Webpage/June 2022
IRDAI Regn. No: 104 IRDAI Certificate Regn. No: CA0056.
BEWARE OF SPURIOUS / FRAUD PHONE CALLS!
· IRDAI is not involved in activities like selling insurance policies, announcing bonus or Investment of premiums
· Public receiving such phone calls are requested to lodge a police complaint