Smart Wealth Income Plan – Max Life Insurance

1.Policy Continuance Benefit^##

At the time of purchase of this plan, you can customise your protection cover by adding the Policy Continuance Benefit##. This benefit pays the nominee an additional lump sum and assures that your survival and maturity benefits are paid as and when due, to your nominee in the event of the Life Insured’s death, without the need to pay any premium.

Simply put, if the life insured suffers an untimely demise, the policy will continue as it is, meaning if you’ve paid 5 out of the due 15 years of Premium, and death occurs in the 6th year, the premiums for the remaining years will be paid by us, keeping all benefits remaining intact.

2. Multiple Variants Available

There are options for Early Income, Early Income with Guaranteed^~ Money Back, and Deferred Income plans, as discussed. All these choices include built-in guarantees& as well as cash bonuses. You can also add the Policy Continuance Benefit^## to any of the variants to ensure your family’s financial security is never compromised.

**This bonus will be payable, if declared.

3. Deferment of due Survival Benefit

Max Life Smart Wealth Income Plan also has the option to accrue survival benefits and take them as per your need. You can choose to accrue your survival benefit pay-outs and withdraw as much as you like, whenever you like, while earning an interest over the accrued benefits and letting it grow.

4. Enhanced Liquidity in your hands

With the Early Income and Early Income with GMB variants, the customers start getting the survival benefits starting from 2nd policy year, hence giving liquidity in customer’s hands.

5. Choice of Income Period

As the policyholder, you have control over the choice of income period including whole life income option*. You can opt to receive income and avail life cover till your chosen maturity age which can be 100 years, 85 years, or 75 years of age.

6. Optional Riders

Other than the Policy Continuance Benefit^## you can also add riders such as waiver of premium plus, accidental death & dismemberment rider, term plus rider, critical illness, and disability rider, etc. to further enhance the benefits of the Max Life Smart Wealth Income Plan. Refer the rider prospectus for details.

7. Special Discounts and Rebates

Another distinguishing feature of Max Life Smart Wealth Income Plan is the discounts offered for existing customers and female policyholders on the premium rate and high sum assured rebates built in the plan. It helps customers to gain financial security without putting a strain on their existing financial lives.

1.Policy Continuance Benefit^##

This is one of the most impressive features of this policy that allows policyholder to provide financial security to their loved ones even in their absence without having to pay the premiums in case of an unfortunate incident.

2. Flexibility

The choices available to policy buyers in terms of policy term, premium payment term, death benefit variants, makes this plan one of the most customer-friendly policies available today.

3. Special Rebates and Discounts

You are eligible to receive 2 types of discounts-a flat 2% on 1st year discount if you are an existing Max Life customer and a flat .75% on all premiums applicable discount if you are a female life insured. Further you can win the special High Sum Assured rebates if you opt for a higher Sum Assured in your Policy.

4. Long Term Financial Support

The minimum entry age of this policy is as low as 91 days, and it can cover the insured person up to 100 years.

It is crucial to go through the details of the policy and understand which variant is best-suited to meet the requirements of your loved ones in the long term. Hence, make sure you assess your investments, debts and other liabilities carefully before purchasing the Max Life Smart Wealth Income Plan.