Insurance

MaxLife Insurance Co. Ltd

MaxLife Insurance Co. Ltd

MaxLife Insurance Company Ltd. is a prominent life insurance company in India. MaxLife Insurance started its business in India in 2001. Presently, the company has partnered with 50 companies so that its products are available at 1453 locations ensuring ease of reach of people.

 

MoneyBack Plan

Life Pay Money Back
Eligibility Description
Minimum Sum Assured 50000
Maximum Sum Assured No Limit
Minimum Entry Age 1
Maximum Entry Age 55
Paying Term Min 16, Max 24
Payment Frequency DNA

Feature Description
Surrender Value DNA
Death Benefit In case of unfortunate death of the life insured, sum assured plus sum assured of paid up additions, bought out of your bonuses, if any would be paid immediately to the beneficiary. No deductions would be made for any money back installments, if already paid In case of death of life insured before age 10, all premiums paid are refunded together with interest.
Guranteed Bonus The last installment would include cash value of paid up additions, bought by the bonuses declared, if any
Premium Waiver DNA
Accidental Death Benefit Accidental death benefit avaibale as an optional rider
Survival Benefit Years For 16 years plan after 4, 8, 12 and 16 years for 20 years plan after 4, 8, 12, 16 and 20 years, for 24 years plan after 4, 8, 12, 16, 20 and 24 years
Survival Benefit Percent Not available
Annual Bonus NA
Maturity Benefit Offers lump sum payments at periodic intervals to provide for those regular needs Additional guaranteed benefit equal to 10% of sum assured to paid as part of the last installment. On survival to maturity, the last installment would include cash value of paid up additions, bought by the bonuses declared, if any

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