Max Life Smart Wealth Income Plan

Non-Linked Participating Individual Life Insurance Savings Plan

UIN: 104N120V02

Presenting Max Life Smart Wealth Income Plan, a comprehensive life insurance savings plan which gives you a lifelong assurance of happiness, during the years when you need it the most. 

KEY ATTRACTIONS


1.  Three plan options to build your income stream

Choose between Early Income, Early income with Guaranteed[1] Money Back or Deferred Income plan options available. All these options come with inbuilt guarantees[2] and cash bonuses[3], if declared and a life cover for the entire policy term.

 

2.  Option to accrue survival benefits and take them as per need

Choose to accrue your survival benefit payouts and withdraw as much as you like, whenever you like.

 

3.  Choice of Income Period including Whole Life Income Option[4]

Flexibility to receive income and avail life cover till attained age of 100/85/75/70/65/60 years.

 

4.  Enhanced protection through optional riders and Policy Continuance Benefit (PCB)[5]

Customize your protection cover by opting for riders by paying a small amount of extra premium. Policy Continuance Benefit if opted, ensures your survival and maturity benefits continue to be paid, as and when due in case of death of the Life Insured without any need of premium payment.

 


 POLICY CONTINUANCE BENEFIT


This option is available at inception, under all plan options, if the Policyholder and Life Insured are the same and the chosen maturity age is 60 years, 65 years, 70 years, 75 years or 85 years. It ensures that in case of an unfortunate event of death of the Life Insured, the policy continues as would have in case the life insured was alive and the survival benefits (Cash Bonus if declared, Guaranteed Income and Guaranteed Money Back) and Maturity Benefits shall be payable in future as and when due, without having to pay any future premiums. In addition, Sum Assured on Death will also be payable as lump sum immediately.

 

RIDERS- Avail the option of enhancing your risk coverage through the available riders


1.  Max Life Waiver of Premium Plus Rider (A Non-Linked Non-Participating Individual Pure Risk Premium Health Insurance Rider UIN: 104B029V04), which provides waiver of all future premiums in case of Critical Illness or dismemberment or Death.


2.  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.


3.  Max Life Term Plus Rider (Non-Linked Non-Participating Individual Pure Risk Premium Life Insurance RiderUIN:104B026V03), which provides additional lump sum benefit in case of death of the Life Insured.


4.  Max Life Critical Illness and Disability Rider (Non-Linked Non-Participating Individual Pure Risk Premium Health Insurance RiderUIN: 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:


 1 & 2) Guaranteed benefits are applicable if all due premiums are paid. Guarantees are payable in the form of Guaranteed Income in case of Early Income and         Deferred Income variants for a period of 25 years or till the end of policy term, whichever is lower; and as 3 Guaranteed Money Backs at defined intervals in case   of Early Income with Guaranteed Money Back variant.


 3) Cash bonus will be payable, if declared.

 4) Maturity ages 60, 65 and 70 years is available with variant 1 and 3 only.

 5)  PCB is available with all the 3 plan options with maturity age of 60, 65, 70, 75 and 85 years. It is not available with maturity age of 100 years.


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 Smart Wealth Income Plan/V02/Webpage/May 2023

IRDAI Regn. No: 104  IRDAI Certificate Regn. No: CA0056.

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