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Max Life Investment Plans
Max Life offers a variety of investment plans to suit your financial goals and risk tolerance. These plans combine life insurance coverage with investment potential, providing both financial protection for your loved ones and the opportunity to grow your wealth. From guaranteed return plans to market-linked options, Max Life has something for everyone.
- 4.8~ Rated
- 7.7 Crore Registered Consumer
- 50 Partners Insurance Partners
- 4.2 Crore Policies Sold
Investment Plans
- Plan starting from ₹1,000/month
- Save upto ₹46,800 in Tax under section 80C^
- Zero LTCG Tax¶
- In built life cover
Top performing plans with High Returns**
Invest ₹10K/Month & Get ₹1 Crore# on Maturity
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Investment Plan
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Max Life
- Max Life Traditional Plans
Best Max Life Investment Plans
- Market-Linked Insurance Plans
- Traditional Insurance Plans
| Plan Names | Entry Age | Minimum Investment Amount |
| ULIP Plans | ||
| Max Life Fast Track Super | 91 days | ₹25,000 (regular pay) |
| Max Life Platinum Wealth Plan | 91 days | ₹2,00,000 for all variants |
| Max Life Online Savings Plan - Variant 1 | 18 years | ₹3,000 (monthly) |
| Max Life Online Savings Plan - Variant 2 | 18 years | ₹1,000 (monthly) |
| Max Life Shiksha Plus Super | 21 years | ₹25,000 (annual mode) |
| Max Life Forever Young Plan | 30 years | ₹10,000 (monthly) |
Details of the Best Max Life Insurance Investment Plans
Below are the best max life insurance investment plans
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Max Life Fast Track Super
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Unit Linked Insurance Plan (ULIP): Combines life insurance coverage with investment potential.
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Flexible Premium Payment: Choose a single premium payment, limited pay (pay for 5 years) or regular pay (pay throughout the policy term).
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Investment Flexibility: Choose from 14 different investment funds based on your risk tolerance. You can switch between funds 12 times per year (free of charge).
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Withdrawal Flexibility: Make partial withdrawals after 5 policy years (2 free withdrawals per year).
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Maturity Benefit: Receive the total value of the fund upon policy maturity. Option to receive the amount in installments over 5 years.
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Death Benefit: Your nominee receives the higher of the sum assured, fund value, or 105% of all premiums paid (minimum payout).
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Tax Benefits: Potential tax deductions under Section 80C and 10(10D) of the Income Tax Act (subject to change).
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Financial Protection: Provides a death benefit for your loved ones in case of your demise.
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Investment Growth: Potential to grow your wealth through investment options.
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Tax Savings: Reduce your tax liability with potential tax deductions.
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Flexibility: Choose your premium payment term, investment options, and access your funds through partial withdrawals.
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Max Life Platinum Wealth Plan
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ULIP: Offers life insurance coverage and investment potential.
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Flexible Premium Payment and Policy Term: Choose a premium payment term (single, limited, or regular) and policy term that suits your needs.
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Choice of Funds: Invest in 13 different funds based on your risk appetite.
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Guaranteed Loyalty Additions: Get guaranteed bonuses added to your policy value at the end of each year.
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Optional Wealth Boosters: Enhance your returns with additional bonus options (subject to policy terms).
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Maturity Benefit: Receive the total fund value upon policy maturity.
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Death Benefit: Your nominee receives the higher of the sum assured, fund value, or 105% of all premiums paid (minimum payout).
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Reduced Charges: Lower fees compared to some other ULIPs (potentially leading to higher returns).
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Financial Security: Provides a death benefit for your family's well-being.
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Wealth Creation: Potential to grow your wealth through market-linked investments and guaranteed bonuses.
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Flexibility: Choose your premium payment terms, policy terms, and investment options.
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Loyalty Rewards: Get guaranteed bonuses added to your policy value each year.
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Potential for Higher Returns: Lower fees may translate to increased returns over time.
People also read: Max Life Nifty 500 Momentum 50 Fund NFO
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Max Life Online Savings Plan
This plan is a Unit Linked Non-Participating Individual Life Insurance Plan (ULIP) that offers both investment and insurance benefits. Here's a breakdown of the variants:
Variant 1: Focus on Flexibility and Investment
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Dual Benefit: Get a lump sum payout to achieve your financial goals and life insurance cover for emergencies.
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Investment Flexibility: Choose from a wide range of investment funds to match your risk tolerance and investment horizon.
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Tax Savings: Save on taxes while you invest.
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Increase Cover (Optional): Enhance your life insurance cover if needed.
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No Extra Charges: Pay zero policy administration and premium allocation charges.
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Switch Funds Freely: Move your money between investment options as many times as you want.
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Choose Your Policy Term: Decide on a coverage period between 5 and 30 years.
Variant 2: Focus on Income and Family Protection
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Triple Benefit for Family: In case of your unfortunate demise, your family receives a lump sum payout, followed by regular monthly income, and the total accumulated investment amount at policy maturity.
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Outstanding Premium Waiver: The insurance company pays any remaining premiums after your death, ensuring your family's financial security.
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Flexibility Like Variant 1: Enjoy the same benefits of zero charges, free fund switching, and choosing your policy term and investment options.
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Max Life Shiksha Plus Super
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Unit Linked Insurance Plan (ULIP): This combines insurance coverage with investment potential.
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Limited Pay and Regular Pay options for premium payment: Choose a shorter period to pay premiums (Limited Pay) or spread them out over the entire policy term (Regular Pay).
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Available for children aged 0-18 years.
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Multiple Fund Options: Invest in different funds based on your risk appetite (debt, balanced, equity).
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Systematic Transfer Plan and Dynamic Fund Allocation: Automate your investments to manage market volatility.
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Free Partial Withdrawals: Withdraw a portion of the fund value after 5 policy years (subject to conditions).
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Free Fund Switches: Change your investment between funds throughout the policy.
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Free Premium Redirections: Allocate future premiums to a different fund.
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Guaranteed Loyalty Additions: Get bonus additions to your fund value after a specific policy year.
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Funding of Future Premiums: In case of the policyholder's death, future premiums are waived off and the benefit amount secures the child's education.
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Family Income Benefit: Provides a regular income for the family in case of the policyholder's death.
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Max Life Forever Young Plan
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Unit Linked Non-Participating Individual Pension Plan: This plan allows investment and builds a retirement corpus but doesn't offer guaranteed returns.
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Choice of Retirement Age: Decide when you want to start receiving your pension benefits.
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Corpus Enhancement Option: Increase your retirement savings by paying additional premiums later.
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Loyalty Additions: Get bonus additions to your fund value after a specific policy year.
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Flexibility to Choose Death Benefit Use: Decide how the death benefit is used (lump sum payout or income for the beneficiary).
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Partner Care Rider (Optional): Provides additional financial support for your spouse in case of your death.
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| Plan Names | Entry Age | Minimum Investment Amount |
| Traditional Plans | ||
| Max Life Savings Advantage Plan | 91 days | ₹5,250 |
| Max Life Monthly Income Advantage Plan | 18 years | ₹25,000 |
| Max Life Assured Wealth Plan | 0 years (91 Days) | ₹2,000 |
| Max Life Guaranteed Income Plan | 25 years | ₹20,000 (annually) |
| Max Life Whole Life Super | 18 years | ₹8,500 (annually) |
| Max Life Life Gain Premier | 18 years | ₹1,000 (annually) |
| Max Life POS Guaranteed Benefit Plan | 18 years | ₹15,000 (annually) |
Details of the Best Max Life Insurance Traditional Plans
Below are the best max life investment plans:
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Max Life Savings Advantage Plan
This plan combines saving and life insurance benefits to help you achieve your long-term financial goals. Here are some key features and benefits:
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Flexible payment options: Choose between single pay, limited pay (pay for a set period), or regular pay (pay throughout the policy term) to fit your budget.
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Policy term flexibility: Select a policy term that aligns with your goals, such as retirement planning or a child's education.
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Guaranteed additions: Get a guaranteed 5.5% of the Sum Assured added to your maturity benefit for the first five years.
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Maturity benefit: Receive a lump sum amount at the policy maturity, including the Sum Assured, accrued guaranteed additions, and any bonuses declared.
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Death benefit: Provides financial protection for your loved ones. In case of your death during the policy term, the benefit amount will be paid to your nominee, including the Sum Assured, accrued guaranteed additions, and any bonuses declared.
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Tax benefits: Premiums paid may be eligible for tax deductions under Section 80C, and the maturity benefit may be tax-exempt under Section 10(10D) of the Income Tax Act (subject to prevailing tax laws).
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Max Life Monthly Income Advantage Plan
This plan provides a guaranteed monthly income after a specific period, along with life insurance coverage. Here are some key features and benefits:
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Guaranteed monthly income: Receive a fixed monthly income for a chosen period (10, 20, or 30 years) after the premium payment term ends.
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Maturity benefit: Get a lump sum amount at policy maturity, including accrued bonuses.
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Death benefit: Provides financial protection for your loved ones. In case of your death during the policy term, the nominee receives a lump sum benefit, and the policy continues to provide benefits as chosen.
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Premium waiver on death: If the policyholder dies during the premium payment term, future premiums are waived off, and the beneficiary continues to receive the planned benefits.
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Tax benefits: Premiums paid may be eligible for tax deductions under Section 80C, and the maturity benefit may be tax-exempt under Section 10(10D) of the Income Tax Act (subject to prevailing tax laws).
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Max Life Assured Wealth Plan
This is a non-linked, non-participating life insurance savings plan designed to guarantee returns and help you build wealth. Here are its key features and benefits:
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Guaranteed Maturity Benefit: You receive a guaranteed lump sum payout at the policy's end to achieve your financial goals.
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Flexible Payment Options: Choose from 6 different combinations of premium payment terms and policy terms to fit your saving style.
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Death Benefit: Provides a lump sum payout to your nominee in case of your unfortunate demise during the policy term, ensuring financial security for your loved ones.
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Tax Benefits: Get tax relief on premiums paid and policy benefits received under prevailing tax laws.
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Enhanced Protection with Riders: Optionally add riders to your plan for additional coverage based on your specific needs.
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Max Life Guaranteed Income Plan
This plan focuses on providing a guaranteed income stream after a set policy term. Here's a breakdown of its features and benefits:
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Guaranteed Income: Receive a guaranteed monthly income for 10 years after the premium payment term ends.
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Life Insurance Coverage: Offers life insurance protection throughout the policy term.
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Double Income Benefit: Your monthly income amount doubles after the first five years of the payout period.
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Flexible Payout Options: Choose to receive the survival benefit (income + lump sum) as a lump sum before the payout period starts.
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Death Benefit Payout Options: Your nominee can choose to receive the death benefit as a lump sum or monthly income.
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Tax Benefits: Potential tax exemptions on benefits received under specific tax sections (subject to prevailing tax laws).
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Conclusion
Max Life investment plans can be a great medium for securing your future and achieving your financial goals. With various options available, it's important to carefully consider your risk tolerance, investment goals, and budget before choosing a plan. Talking to a financial advisor can help you determine which Max Life insurance investment plan is right for you.
†Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. The sorting is based on past 10 years’ fund performance (Fund Data Source: Value Research). For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in
*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
*Please note that the quotes shown will be from our partners
^The tax benefits under Section 80C allow a deduction of up to ₹1.5 lakhs from the taxable income per year and 10(10D) tax benefits are for investments made up to ₹2.5 Lakhs/ year for policies bought after 1 Feb 2021. Tax benefits and savings are subject to changes in tax laws.
¶Long-term capital gains (LTCG) tax (12.5%) is exempted on annual premiums up to 2.5 lacs.
~Source - Google Review Rating available on:- http://bit.ly/3J20bXZ
Insurers Offering Investment Plans
Bajaj Allianz
Tata AIA
Aditya Birla Sun Life
HDFC Life
Bharti AXA Life
Canara HSBC
Edelweiss Life
Bandhan Life
SBI Life
Aviva
Future Generali
IDBI Federal
IndiaFirst
Kotak Life
PNB MetLife
Pramerica Life
Reliance Life
Sahara Life
Star Union
Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
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