Max life Insurance has launched Max life Savings Advantage Plan, a non-linked participating life insurance plan, that provides the policyholder with the triple benefits of flexibility, to select a premium payment term and policy term and systematic savings, to build a wealth corpus to cater to any life-stage need and protection, to be prepared for any exigency.
Max life Savings Advantage Plan comes with the flexibility that allows the customers to fulfill short, medium or long term life goals by choosing the premium payment term and policy term as per their desired milestone. This product also offers a flexibility to the customer to take the maturity benefit or death benefit in lump sum or in a regular monthly/annual income for 10 years.
Max life Savings Advantage Plan offers a superior maturity benefit of 110% of guaranteed sum assured on maturity. Additionally, the customers get additions of 5.5% of guaranteed sum assured on maturity each year for the first 5 years of the policy and step-up death benefit after 10 years of policy as per the policy terms and conditions. Max life Savings Advantage Plan offers the flexibility of partial/full withdrawal of accumulated bonuses at any point of time during the policy term.