Max Life online savings plan is a unit-linked non-participating individual life insurance plan that is available within two variants. Variant 1 of this plan provides a death benefit as highest of sum assured or 105% of total premiums paid till the date of death or total fund value as on the date of death.
Other features and benefits of this plan include:
The plan comes with inbuilt life cover and offers the flexibility to increase coverage.
No premium allocation and policy administration expenses are charged under this plan.
Flexibility to choose policy terms from 5 to 30 years.
Eligibility Criteria:
Criteria
Minimum
Maximum
Entry Age
18 years
60 years
Maximum Maturity Age
85 Years (Only for >= 10 Pay variants)
70 Years (Applicable for >= 5 Pay variants)
Premium Payment Term
Minimum- 5 years; Maximum- Up to selected Policy Term for
Maturity Age <=70 years
Minimum- 10 years; Maximum- Up to selected Policy Term for Maturity Age between 71 years and 85 years
Premium Payment Mode
Annual, Semi-Annual, Quarterly and Monthly.
Request A Call Back
Ever find yourself staring at your computer screen a good consulting slogan to come to mind? Oftentimes.