Max Life ULIP Plans

As you grow in life, so do your requirements. And when you carry the responsibility of your family, these requirements keep on increasing. You think of giving the best to your loved ones, you plan to buy a house, sending your child to pioneer institutes for education, getting them married etc. however, these wishes can be fulfilled only when you save and invest wisely.

Max Life ULIP Plans offer you the double benefit of a savings-cum-insurance plan. Under Max Life Insurance ULIP Plans, you get to invest in multiple funds that can come with a lot of growth potential. 

Features of Max Life ULIP Plans

Name Of PlanEntry AgePolicy Term
Max Life Fast Track Super Plan

Minimum: 91 days

Maximum: 50 years/ 60 years (Depending on the option selected)

10 to 20 years
Max Life Platinum Wealth Plan

Minimum: 91 days

Maximum: 55 years/ 60 years (Depending on the option selected)

10 to 20 years
Max Life Online Savings Plan - Variant 1

Minimum: 18 years

Maximum: 60/ 70 years

Minimum: 5 years

Maximum: 30 years

Max Life Online Savings Plan - Variant 2

Minimum: 18 years

Maximum: 54 years

Minimum: 5 years

Maximum: 30 years

Max Life Shiksha Plus Super Plan

Minimum: 21 years

Maximum: 50 years

10 years, 15 to 25 years
Max Life Forever Young Pension Plan

Minimum: 30 years

Maximum: 65 years

20 years

Benefits of Buying Max Life ULIP Plans 

  1. Insurance & Investment
    Along with meeting your long-term goals, Max Life ULIPs also act as financial security for your loved ones. In case something happens to you, the life cover will be a big support in maintaining the finances. 
  2. Invest as per Your Goals
    You have the flexibility to invest in a debt or equity as per your risk-tolerance ability. Considered to be a high growth option, equities are considered riskier as compared to debt options that offer higher protection against market fluctuations. 
  3. Partial Withdrawals
    The option of partial withdrawals gives you the confidence that in future if you need some financial support, your ULIPs will help you in staying independent. 
  4. Switch Between Funds
    During the tenure of your policy, you are allowed a specified number of switches per year. As per your changing risk appetite or market fluctuations, you can switch between funds. 
  5. Tax Benefits
    You are eligible for tax savings up to NR 1.5 lakhs per year towards the premium that you pay, under Section 80C. Under Section 10(10D), the maturity/ death benefit is also tax exempted. 

Most Popular Max Life ULIP Plans

  1. Max Life Fast Track Super Plan
    Fast Track Super Plan is a unit-linked non-participating life insurance plan that not only helps you in achieving your long-term goals but also secures your future. With a single plan, you can invest as well as insure. The plan offers market-linked returns as a part of your premium is invested in investment funds. You can also avail loyalty rewards when you stay invested for long. The maturity benefit can be claimed in a lump sum or as monthly instalments. You can opt for the MAX LIFE COVID19 One Year Term Plus Rider. 
  2. Max Life Platinum Wealth Plan
    This is another unit-linked non-participating life insurance plan by Max Life that makes it possible for you to grow your savings in a way that helps you achieve your financial goals quickly.  The market-linked returns, loyalty additions and additional wealth boosters are great ways to help secure your family’s future. The Platinum Wealth Plan offers you the freedom to choose the premium tenure and the policy tenure as per your insurance needs. 
  3. Max Life Online Savings Plan - Variant 1
    The Online Savings Plan - Variant 1 comes with an Inbuilt life Cover along with the option to increase the cover. The plan also has no policy admin charge and no premium allocation charge. It is a very flexible plan that lets you switch an unlimited number of times, choose your policy term and select an investment fund as per your convenience. 
  4. Max Life Online Savings Plan - Variant 2
    An online savings plan is a non-participating unit-linked life insurance plan by Max Life. In case of death of the insured, a  lump sum amount is payable on death. The payout is accompanied in the form of family income benefit and the total fund value at the end of the term. Once the lock-in period of 5 years is over, you can make partial withdrawals of a minimum of INR 5,000.
  5. Max Life Shiksha Plus Super Plan
    Max Life Shiksha Plus Super Plan provides you with the opportunity to secure your family’s future. The plan offers continuity and coverage for your child’s education even after you are gone. There are multiple policy terms options to choose from. You also get an option to choose from 6 investment funds. Starting from the 11th anniversary, you will be eligible for guaranteed Loyalty Additions. 
  6. Max Life Forever Young Pension Plan
    Max Life Forever Young Pension Plan is a unit-linked non-participating individual pension plan. This plan helps you plan your golden years with the opportunity to safeguard your future. For you and your spouse, this plan provides additional annuity plan benefits to help you deal with the unpredictable events life brings. As this plan assists in building a huge corpus, you can pick a retirement age if you wish to start receiving the pension. 

Insight on Max Life ULIP Plans

Max Life ULIPs are well-suited for anyone who wishes to invest in a long-term investment plan and is seeking dual benefits of insurance and savings. Be it salaried, self-employed or businessmen ULIPs can cater to everyone’s needs alike. These market-linked funds allow you to build a corpus systematically and affordably. Even if you are a budding investor who is amateur about the market risks, Max Life ULIPs offer you investment strategies that would make you equity market savvy.

Max Life ULIP Plans FAQs

  • 1. How many investment funds are offered under the Fast Track Super Plan? How many free switches am I allowed?

    The plan offers 6 investment funds. As per your investment portfolio, you can make 12 switches in one year. 
     

  • 2. What are the payment options in Max Life Fast Track Super Plan?

    In this plan you can pay the premium in the following ways:

    1. Single Pay
    2. 5 Pay
    3. Regular Pay
  • 3. What is the annualised premium under the Max Life Platinum Wealth Plan?

    Under this plan, the minimum annualised premium is INR 2 lakhs, for all variants. There is no limit on the maximum premium.
     

  • 4. What is the minimum premium in Max Life Online Savings Plan - Variant 1?

    The premium is as follows:

            a.  Monthly: INR 3,000

            b.  Quarterly: INR 9,000

            c.   Half-Yearly: 18,000

            d.  Yearly: INR 36,000

  • 5. In the Max Life Shiksha Plus Super Plan, what is the sum assured?

    The sum assured is calculated as ten times the Annualised Premium.

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