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Max Life Growth Plans

Growth plans offer the policyholder the dual benefit of protection and growth for their investment. These plans offer a wide range of investment options that provide flexibility according to your risk appetite and time periods. A growth plan is suitable to anyone who has a long-term goal and wishes to achieve it through an insurance plan.

Benefits of Growth insurance Plans from Max Life:

These plans offer a number of benefits to the policyholder. Some of them have been listed below:

  • Dual advantage of growth plus protection
  • Option of long-term plans
  • Flexibility to invest in a range of different options
  • Choices on policy terms
  • Choices on life cover
  • Tax benefits as per prevailing laws

List of Growth insurance Plans from Max Life:

Max Life Insurance offers two growth plans and one strategic plan that provide customers options to reach their financial goals.

Max Life Fast Track Super Plan:

The Max Life Fast Track Super Plan is a non-participating unit-linked insurance plan that offers you an opportunity to grow your investment through flexible policy terms and premium payment terms. You can ensure your family’s financial security with insurance cover. Your investment is also safeguarded against the volatile market with the options of dynamic fund allocation and systematic transfer plan.

  • Death Benefit - The higher of the sum assured or the fund value as on the date of death will be payable. This is subject to a minimum of 105% of the premiums paid till date.
  • Maturity Benefit - The fund value as on the maturity date will be payable as long as the settlement option has not been exercised.
  • Guaranteed Loyalty Additions - Max Life will add 0.30% of the fund value by creating additional units at the end of every policy year. This is applicable from the 11th policy year. Each year following, the loyalty additions will be increased by 0.02%.
  • Fund Options - You can choose from 6 funds to make your investments depending on your risk appetite.
Name of the Fund Risk Available with Max Life Fast Track Super Plan Charges p.a. as a percentage of the fund value
Growth Super Fund High Yes 1.25%
Growth Fund High Yes 1.25%
Balanced Fund Medium Yes 1.10%
Conservative Fund Low Yes 0.90%
Secure Fund Low Yes 0.90%
Secure Plus Fund Low Yes 0.90%
Discontinuance Policy Fund Low No 0.50%
Plan Name Entry Age Maturity Age Premium
Max Life Fast Track Super Plan 18 years to 60 years 70 years Single pay - Rs.1 lakh 5-pay - Rs.50,000 Regular pay - Rs.25,000

Max Life Platinum Wealth Plan:

The Max Life Platinum Wealth Plan is a non-participating unit-linked insurance plan that provides comprehensive life insurance cover along with the choice of 5 funds and two investment strategies. You are also eligible for loyalty additions and wealth boosts.

  • Death Benefit - The higher of the sum assured or the fund value as on the date of death will be payable. This is subject to a minimum of 105% of the premiums paid till date.
  • Maturity Benefit - The fund value as on the maturity date will be payable as long as the settlement option has not been exercised.
  • Guaranteed Loyalty Additions - At the end of each policy year, Max Life will create additional units to add to the Fund Value as a percentage.
  • Guaranteed Wealth Booster - Max life will pay an additional percentage of the fund value to the policyholder as wealth booster at the end of every policy year. The wealth boosters are in the form of additional units.
  • Riders - Max Life offers the Max Life Partner Care Rider which pays all future premiums under the base policy upon the life insured’s death.
  • Fund Options - You can choose from 5 funds to make your investments depending on your risk appetite.
Name of the Fund Risk Available with Max Life Platinum Wealth Plan Plan Charges p.a. as a percentage of the fund value
Growth Super Fund High Yes 1.25%
Growth Fund High Yes 1.25%
Balanced Fund Medium Yes 1.10%
Conservative Fund Low Yes 0.90%
Secure Fund Low Yes 0.90%
Secure Plus Fund Low No 0.90%
Discontinuance Policy Fund Low No 0.50%
Plan Name Entry Age Maturity Age Premium
Max Life Platinum Wealth Plan 18 years to 60 years 70 years Rs.2 lakhs p.a.

Max Life Maxis Super Plan:

The Max Life Maxis Super Plan is a non-participating unit-linked insurance plan that helps you plan your investments better by balancing debt and equity exposure automatically. You will receive life insurance cover, the option to make partial withdrawals and flexible premium terms. You also have the choice of five funds to invest in according to your risk appetite which is protected by the dynamic asset allocation mechanism.

  • Death Benefit - The higher of the sum assured or the fund value as on the date of death will be payable. This is subject to a minimum of 105% of the premiums paid till date.
  • Maturity Benefit - The fund value as on the maturity date will be payable as long as the settlement option has not been exercised.
  • Fund Options - You can choose from 5 funds to make your investments depending on your risk appetite.
Name of the Fund Risk Available with Max Life Maxis Super Plan Charges p.a. as a percentage of the fund value
Growth Super Fund High Yes 1.25%
Growth Fund High Yes 1.25%
Balanced Fund Medium Yes 1.10%
Conservative Fund Low Yes 0.90%
Secure Fund Low Yes 0.90%
Secure Plus Fund Low No 0.90%
Discontinuance Policy Fund Low No 0.50%
Plan Name Entry Age Maturity Age Premium
Max Life Maxis Super Plan 18 years to 55 years 70 years Rs.35,000 p.a.

Why you need a Max Life Growth Plan?

Most of us set goals in life but never get around to achieving them, and sometimes it is because of the want of finance. A growth plan can help you maximise your investment and at the same time get life insurance cover to ensure your loved ones are taken care of if anything were to happen to you. Max Life caters to over 3 million customers through multi-channel distribution system. As one of the largest private non-banking life insurers of the country, Max Life has a plethora of products in its portfolio that caters to the different needs of customers.