In life, we have multiple investment goals, yet there is a need for securing your finances too. That’s why many get confused when choosing between life insurance and investment plans. This is where the combination of the two, i.e. guaranteed income plan with life insurance benefits can be a suitable option. Max Life Smart Wealth Plan (UIN: 104N116V04), being a comprehensive life insurance savings plan ...Read More
: In Unit Linked Policies, the investment Risk in the investment portfolio is borne by the policyholder.
With Max Life Investment Plans
Written by
Reviewed by
Max Life Smart Wealth Plan is a life insurance product we offer to ensure disciplined savings and guaranteed returns payable as per your needs under the chosen variant.
You can gauge the importance of Max Life Smart Wealth Plan from the very fact that the contemporary environment is full of uncertainties. With the impact of COVID-19 pandemic, these uncertainties have grown manifold, making us look for more options to plan for financial security, no matter how much savings we have accumulated over time.
Max Life Smart Wealth Plan has been designed to control the impact of life’s uncertainties, while also take care of your dreams and milestones.
There are many reasons why you should invest in Max Life Smart Wealth Plan.
Given below are Max Life Smart Wealth Plan benefits in detail:
Max Life Smart Wealth Plan benefits for Variant 1 includes guaranteed sum assured on maturity, along with accrued guaranteed additions.
The choice of savings and income plans vary from one individual to the other. However, Max Life Smart Wealth Plan is unique in this aspect, as it can benefit people from all age groups.
With spouse and kids along in this age, people have a lot of responsibilities to fulfil and thus, do not focus more on high-risk investments in their 30s. Particularly for the overall development of children, affordability often comes up as an obstacle.
By investing in Max Life Smart Wealth Plan, you can plan for an income source to ensure your children get access to everything they need for a brighter future.
For instance, you can pay for their vocational classes or sports training through the pay-outs of Max Life Smart Wealth Plan.
Often, jobs and business take a toll on life in this age. Given the current global condition around COVID 19 disease, job security as well as sustaining business is a risk everywhere. With Max Life Smart Wealth Plan, you can tackle various uncertainties in life and have a guaranteed income source by your side, no matter how difficult things may become otherwise.
Also, investing in Max Life Smart Wealth Plan will make your finances future-proof.
Life is short, and nature always finds ways to make us realise that once in a while. If you want to explore your retirement dreams and hobbies without worrying about finances, think of Max Life Smart Wealth Plan as your financial partner for a steady income.
By ensuring guaranteed returns under Max Life Smart Wealth Plan for your retirement planning, you can ensure that you enjoy more time with your family members with lesser worries.
You can invest in this Plan if you are:
Max Life Smart Wealth Plan has four variants that you can choose to plan your savings. These include
1. Lumpsum
2. Short term income
3. Long term income
4. Whole life income
Once an individual selects any of these variants of Max Life Smart Wealth Plan, he/she needs to choose income pay-out/premium and a sub-variant. As per these selections, the benefits of Max Life Smart Wealth Plan are payable to the life insured.
Basis the variant chosen, the benefits under the Max Life Smart Wealth Plan are payable after the policy period ends in the form of a lump sum, or guaranteed income or both.
The maximum age defined for individuals investing in Max Life Smart Wealth Plan is 60 years, with the exception of 65 years for Whole Life Income variant.
While investing in Max Life Smart Wealth Plan, you are advised to consider your specific needs and preferences to plan for your financial future and choose a variant accordingly.
Annualized Premium means premium amount payable during a Policy Year chosen by Policyholder, excluding Underwriting Extra Premium, loading for modal premium, Rider Premiums and applicable taxes, cess or levies if any.
It will help if you ask the customer support team about it in detail before you invest in Max Life Smart Wealth Plan and get quote online.
Given below are a few rider options that you can add with Max Life Smart Wealth Plan Variant 1, 2, and 3:
The policy term for each variant of Max Life Smart Wealth Plan is different. It is defined under the sub-variant that you need to choose while investing in this plan. Please refer to the plan’s prospectus available on our website on the product page under downloads section.
ARN NO: Aug23/Bg/02J
4.2
Was the Information Helpful?
Very Good
The calculation of income tax in India is based on income tax slabs and rates for the applicable…
Read More
Life insurance policies can be useful tax planning tools, because the policyholder is eligible…
Read More
Each year, you get reminders from tax professionals and employers, implying that the tax season…
Read More
100% Guaranteed returns*#
Save tax up to Rs. 46,800##
