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ABOUT MAX LIFE INSURANCE
Max Life Insurance Company Limited (“Max Life”) is a Joint Venture between Max Financial Services Limited and
Axis Bank Limited. Max Financial Services Ltd. is a part of the Max Group, an Indian multi-business corporation.
Max Life offers comprehensive protection and long-term savings life insurance solutions, through its
multichannel distribution including agency and third-party distribution partners. Max Life has built its operations
over two decades through a need-based sales process, a customer-centric approach to engagement and service
delivery and trained human capital.
As per public disclosures and annual audited financials for FY20-21, Max Life has achieved a gross written
premium of INR 19,018 crore. As of 31st March 2021, the Company had INR 90,407 crore of assets under
management (AUM) and a Sum Assured in Force of INR 1,087,987 crore.
For more information, please visit the Company's website at www.maxlifeinsurance.com.
MAX LIFE SMART WEALTH INCOME PLAN
In your journey of fulfilment in life, we are with you, every step of the way. Life is about getting the right life
insurance solution for yourself, fulfilling your dreams for your loved ones; be it your and your spouse’s dream of
a peaceful retirement, your children’s dream of receiving the best education as a stepping stone towards
success, or simply their dream of a perfect marriage. Every dream needs a plan and there is no better plan for
these future milestones than earning a regular second income for a long term.
We understand the significance of such milestones in your life that ensure the happiness of your loved ones
while also ensuring their financial future is secured.
Presenting Max Life Smart Wealth Income Plan, a comprehensive life insurance savings plan which gives you a
lifelong assurance of happiness, during the years when you need it the most. Combining the power of Protection,
Assurance and Reliability into a simple solution, this life insurance product gives you the power to fulfill needs
of your family while assuring you and your loved ones a Smart Life.
KEY FEATURES OF SMART WEALTH INCOME PLAN
Depending on whether you want income early, or a few years down the line, your needs will define your choice
of plan.
1. Three plan options to build your income stream
Choose between Early Income, Early income with Guaranteed Money Back or Deferred Income plan
options available. All these options come with inbuilt guarantees1 and cash bonuses2
, if declared and a life
cover for the entire policy term.
2. Option to accrue survival benefits and take them as per need
Choose to accrue your survival benefit payouts and withdraw as much as you like, whenever you like.
3. Choice of Income Period including Whole Life Income Option
Flexibility to receive income and avail life cover till 100 years, 85 years or 75 years of attained age.
4. Enhanced protection through optional riders and Policy Continuance Benefit (PCB)3
Customize your protection cover by opting for riders by paying a small amount of extra premium. Policy
Continuance Benefit if opted, ensures your survival and maturity benefits continue to be paid, as and when
due in case of death of the Life Insured without any need of premium payment.
5. Tax Benefit
You may be eligible for tax benefits as per prevailing income tax laws
HOW DOES THIS PLAN WORK?
Here are the steps to make your Policy.
Step 1: Choose the Plan Option, Maturity Age, Premium Payment Term (PPT) and Premium Payment Mode.
Step 2: Choose to enhance your cover with Policy Continuance Benefit and/or any additional riders, as per your
needs.
Step 3: Choose how you want to receive your income stream: Annual mode or Monthly mode.
Step 4: Choose your Premium amount, basis which your Sum Assured on Maturity (SAM) and Sum Assured at
Death (SAD) will be calculated. Or you may directly choose your Sum Assured on Maturity (SAM) basis which
your Sum Assured at Death (SAD) and Premium amount shall be calculated.
Step 5: Choose if you would like to accrue survival benefits at inception or at anytime during the policy term.
Step 6: Secure your family with a Life Cover and income benefits associated with your plan customized as per
your needs.
PLAN BENEFITS IN DETAIL
This section details the benefits payable under this plan during the policy term as per the plan option chosen.
Under all 3 plan options, you may choose to avail enhanced cover by opting for the Policy Continuance Benefit
or/and attaching any available riders.