Max Life Savings Plan with Guaranteed Returns is a type of insurance plan offered by Max Life Insurance, which is designed to provide guaranteed returns on your investment along with life insurance coverage. This plan is suitable for individuals who are looking for a long-term savings option with the assurance of guaranteed returns and financial protection for their family in case of any unforeseen events.
Some key features of the Max Life Savings Plan with Guaranteed Returns include:
- Guaranteed Maturity Benefit: The plan offers a guaranteed maturity benefit, which is the total of all guaranteed annual payouts and the terminal benefit, provided all due premiums have been paid.
- Guaranteed Annual Payouts: The plan provides guaranteed annual payouts, which are a percentage of the sum assured, payable from the end of the premium payment term until one year before the policy maturity date.
- Terminal Benefit: At the end of the policy term, a terminal benefit is payable, which is a percentage of the sum assured.
- Life Insurance Coverage: The plan offers life insurance coverage, ensuring financial protection for your family in case of your demise during the policy term.
- Flexible Premium Payment Options: You can choose from various premium payment options, such as single pay, limited pay, or regular pay, depending on your financial goals and needs.
- Tax Benefits: Premiums paid towards the Max Life Savings Plan with Guaranteed Returns are eligible for tax deductions under Section 80C of the Income Tax Act, 1961. The maturity benefits and death benefits are also tax-free under Section 10(10D) of the Income Tax Act, 1961.
Please note that the specific features, benefits, and terms of the Max Life Savings Plan with Guaranteed Returns may vary. It is essential to read the policy document carefully and consult with a financial advisor before making any decisions.
For more information on the Max Life Savings Plan with Guaranteed Returns, you can visit https://www.urlspot.co/rw5v1?or WhatsApp me on 982 230 7712.
