Saving And Investment Plans
Max Life Guaranteed Income Plan
Synopsis:
fjrigjwwe9r3SDPrivInsuProd:Synopsis
A savings plan with guaranteed income which grows with time
Features:
fjrigjwwe9r3SDPrivInsuProd:Features
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- Guaranteed Income for 10 years that doubles after 5 years
- Immediate payout after policy term with no waiting period
- Guaranteed death benefit with option to get benefit as lumpsum or monthly income
Benefits:
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- Survival / Maturity Benefit - On completion of Policy Term/Premium Payment Term, you will get a Terminal Benefit and start getting guaranteed monthly income for 10 years
- Death Benefit - On death during the policy term, the nominee will receive a guaranteed lumpsum payout with an option to convert it into monthly income for 10 years
- Commutation / Surrender Option -You can surrender your policy anytime after it has acquired a surrender value
- Tax Benefits- You can get certain tax deductions on your premiums and on proceeds under the policy benefits
Eligibility:
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Premium Payment Term |
6 years or 12 years (same as the policy term) |
Age at entry
(Age at last birthday) |
25-60 years; 25-55 years
|
Maximum Maturity Age
(Age at last birthday) |
66 years; 67 years |