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Max Life Guaranteed Income Plan
LIFE INSURANCE COVERAGE IS AVAILABLE IN THIS PRODUCT.
Max Life Guaranteed Income Plan
We like certainty in life. It is a remarkable feeling - we want to be assured that our paycheck will arrive on time. We want to be sure that our family will be financially secured, even in our absence. Life insurance can help you get this reassurance.
Max Life Guaranteed Income Plan is a savings plan which provides you a life cover with guaranteed payouts in the form of monthly income for a Payout Period of 10 years. Further, your monthly income will double during the latter half of your Payout Period (last 5 years). In case of any immediate need, you can choose to get a lumpsum in place of monthly income.
3 reasons you should get this plan:
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
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.
Additional Benefits through Riders
Max Life COVID19 One Year Term Rider
Get financial protection from the uncertainty of COVID 19, with a lump sum pay out on COVID-19 diagnosis or death after COVID Diagnosis. Both Diagnosis and Death Cover is available only for the Life Insured.
https://www.maxlifeinsurance.com/savings-and-income-plans/guaranteed-income-plan
