Max Life Smart Wealth Advantage Guarantee – Life Long wealth variant
With the Life Long wealth variant of Max Life Smart Wealth Advantage Guarantee (UIN: 104N124V04) we bring to you the SWAG of lifelong guarantee*# with guaranteed *# income till the age of 100 years....Read More
How does the Life Long wealth variant work?
Parameters | Scenario 1 | Scenario 2 | Scenario 3 | Scenario 4 | Scenario 5 |
---|---|---|---|---|---|
Age of Life Assured in years | 50 | 50 | 50 | 55 | 55 |
Premium payment term | 8 | 10 | 12 | 5 | 8 |
Annualised Premium | 2,00,000 | 2,00,000 | 2,00,000 | 2,00,000 | 2,00,000 |
Guaranteed Annual Income till 100 years of age | 1,10,083 | 1,58,851 | 2,05,675 | 42,264 | 1,00,918 |
Income years | 42 | 40 | 38 | 40 | 37 |
Customer Internal rate of return | 5.73% | 6.05% | 6.07% | 4.40% | 5.50% |
50% return of total paid @ 85th birthday | 8,00,000 | 10,00,000 | 12,00,000 | 5,00,000 | 8,00,000 |
100% return of total premiums paid on Maturity | 16,00,000 | 20,00,000 | 24,00,000 | 10,00,000 | 16,00,000 |
Note:
Life Insured is a male.
Annualised premium means the premium amount payable in a year chosen by the policyholder excluding the taxes, rider premiums, underwriting extra premiums and loadings for modal premiums, if any.
Benefits of Life Long wealth variant
Your family looks up to you to make your dreams a reality. With Smart Wealth Advantage Guarantee, you can. Because you can choose to get guaranteed*# lifelong income, with 50% return of premium at age 85 and 100% return of premium at age 100. All while, enjoying enhanced protection.
Enhanced flexibility
Choose your premium payment termLiquidity
Option to accrue your income and withdraw it anytime during the policy termEnhanced protection
In-built accidental death benefit of 50% of the sum assured (applicable when premium payment term is over)Advantages of Life Long wealth variant
• You can choose to opt for a lifelong guaranteed income plan (until 100 years of age) by locking in your returns today
• At age 85, we will return 50% of the total premiums paid back to you as an added benefit
• Also, 100% return of premiums will be payable at maturity thus giving back a total of 150% return of premiums paid
ARN: PCP/SWAG5/230723
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