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Max Life Guaranteed Investment Plans

Max Life Investment Plans

MAX Life Insurance Company is a joint venture between Max Financial Services Limited and Axis Bank Limited. It deals in a vast variety of insurance plans that are designed to fulfill the needs of customers coming from all types of social background. One of the best insurance products offered by Max Life Insurance company is the Max Life investment plans. In the following sections, we’ll dig deeper into the investment plans provided by this company.

Investment plans offered by Max Life Insurance?

An investment plan is a type of insurance plan that helps customers in creating sustainable wealth for the future. Max Life Insurance offers comprehensive protection and long-term savings life insurance solutions. All these plans come with a long list of benefits that are designed to provide customers with comprehensive, and long term protection. Given below is a list of all the investment plans offered by Max Life Insurance company.

1. Max Life Savings Advantage Plan

This plan is a combination of insurance and investment plan that allow customers to grow their savings systematically while providing life insurance coverage to take care of their family members in case of an unfortunate event.

Features and Benefits:

  • Guaranteed sum assured amount of 5.5% on maturity as guarantee additions at the end of each year for the first five policy years.
  • Flexibility to choose from the various premium payment and policy terms.
  • The death benefit of 110% of guaranteed death amount along with accrued guaranteed additions, is provided life insured dies after 10 policy years.

Eligibility Criteria:

Criteria MinimumMaximum
Entry Age

Single Pay: 8 years

Limited/Regular Pay: 0 years

Single Pay: 65 years

Limited Pay: 60 years

Maturity Age18 years

Single Pay: 75 years

Limited Pay: 80 years

Regular Pay: 65 year

Premium Payment TermSingle Pay, Limited Pay: 5 to 12 years and Regular Pay
Premium Payment ModeAnnual, Semi-Annual, Quarterly, Monthly

2. Max Life Monthly Income Advantage Plan

This is a comprehensive individual life insurance savings and protection plan that offers guaranteed monthly income as per customer’s needs and lump-sum benefit amount upon maturity.

Features and Benefits: 

  • It offers guaranteed monthly income benefit for a fixed time period including 10, 20 or 30 years, immediately after completion of premium payment term
  • A lump sum benefit amount of accrued compound reversionary bonuses and terminal bonus is paid to the policyholder upon the policy’s maturity date.
  • The flexibility to choose from a combination of 15 variants of premium payment and policy term.

Eligibility Criteria:

Criteria MinimumMaximum
Entry Age18 years55 years
Maturity Age66 to 90 years
Premium Payment Term6 years, 8 years, 10 years, 12 years or 15 years
Premium Payment ModeAnnual, Semi-Annual, Quarterly, Monthly

3. Max Life Whole Life Super Plan

Max Life Whole Life Super is a life insurance plan that helps policyholders to build a financial corpus through systematic investments. Under this policy, customers have to pay premiums for only a limited number of years and can avail of protection benefits up to the age of 100 years.

Features and Benefits: 

  • The plan offers 100% guaranteed sum assured on maturity along with accrued paid up additions and terminal bonus on attainment of age 100 years.
  • Customers can choose between 10,15 or 20 premium payment term options as per their convenience.
  • It also provides flexibility to withdraw accumulated bonus amounts.
  • Additional riders including accidental death and dismemberment rider and waiver of premium plus rider is also available under the policy.

Eligibility Criteria:

Criteria MinimumMaximum
Entry Age18 years60 years
Maximum Maturity AgePolicy anniversary following or coinciding with the life insured attaining age 100 years. The only available maturity age is 100 years.
Premium Payment Term10 Years, 15 Years or 20 Years
Premium Payment ModeAnnual, Semi-Annual, Quarterly, Monthly

4. Max Life Assured Wealth Plan

Max life assured wealth is a combination of savings and income plan that provides policyholders with a guaranteed lump sum benefit amount at the end of policy term. The product offers 6 different variants of premium payment.

Features and Benefits: 

  • The plan provides a fully guaranteed lump sum benefit on maturity.
  • A lump sum death benefit is immediately paid on death of the life insured.
  • A wide range of s additional riders can also be taken with the policy to avail additional protection.

Eligibility Criteria:

Criteria MinimumMaximum
Entry Age91 days60 years
Maturity Age18 years70 years
Premium Payment Term5, 8 & 10 years
Premium Payment ModeAnnual and monthly

5. Max Life Fast Track Super Plan

Max life fast track super is a unit linked insurance plan that offers comprehensive life insurance coverage and allows customers to invest in the market with multiple fund options.

Features and Benefits: 

  • The plan comes with 6 different fund options and customers the flexibility to invest in any of the 6 funds depending on their risk appetites.
  • It offers the option to make 2 free partial withdrawals to meet unplanned expenses.
  • Guaranteed loyalty additions in the form of 0.30% of the fun value is provided to the customer after completing 11 policy years.

Eligibility Criteria:

Criteria MinimumMaximum
Entry Age91 days

5 Pay and Single Pay 60 years

Regular Pay 50 years

Maturity Age18 years70 years
Premium Payment TermSingle Pay / 5 years (5 Pay) / 20 years (Regular Pay)
Premium Payment ModeAnnual, Semi-annual, Quarterly, Monthly

6. Max Life Platinum Wealth Plan

Max Life Platinum Wealth Plan is a unit-linked non-participating individual life insurance plan that offers comprehensive life insurance coverage to help customers accumulate their savings and achieve long term goals.

Features and Benefits:

  • Comprehensive maturity and death benefits including maturity benefit as fund value is offered at the end of the policy or death of the nominee.
  • Customers have the option to pick from a choice of 6 fund strategies.
  • Guaranteed loyalty additions and guaranteed wealth boosters are also provided to enhance the fund value of this policy.
  • It also allows customers to make unlimited free switches within a policy year without paying any extra charges.

Eligibility Criteria:

Criteria MinimumMaximum
Entry Age91 days

Single and limited pay- 60 years

Regular Pay- 50 years

Maturity Age18 years

Single Pay and Limited Pay: 70 years

Regular Pay: 65 years

Premium Payment TermSingle Pay, Limited Pay and Regular Pay
Premium Payment Mode

Single Pay: Single

Limited or Regular Pay: Annual, Semi-Annual, Quarterly or Monthly

7. Max Life Online Savings Plan- Variant 1

Max Life online savings plan is a unit-linked non-participating individual life insurance plan that is available within two variants. Variant 1 of this plan provides a death benefit as highest of sum assured or 105% of total premiums paid till the date of death or total fund value as on the date of death.

Other features and benefits of this plan include: 

  • The plan comes with inbuilt life cover and offers the flexibility to increase coverage.
  • No premium allocation and policy administration expenses are charged under this plan.
  • Flexibility to choose policy terms from 5 to 30 years.

Eligibility Criteria:

Criteria MinimumMaximum
Entry Age18 years60 years
Maximum Maturity Age

85 Years (Only for >= 10 Pay variants)

70 Years (Applicable for >= 5 Pay variants)

Premium Payment Term

Minimum- 5 years; Maximum- Up to selected Policy Term for

Maturity Age <=70 years

Minimum- 10 years; Maximum- Up to selected Policy Term for Maturity Age between 71 years and 85 years

Premium Payment ModeAnnual, Semi-Annual, Quarterly and Monthly.

8. Max Life Online Savings Plan- Variant 2

Variant 2 of Max life online savings plan provides a death benefit in the form of a lump sum benefit which is payable immediately on death, followed by regular payouts in the form of family income benefit and the total fund value at the end of the policy term.

A major difference between the two variants is that variant 2 offers a higher and more comprehensive death benefit than variant 1 and hence, the returns under variant 2 are lower than variant 1, all else being equal.

Eligibility Criteria:

Criteria MinimumMaximum
Entry Age18 years54 years
Maximum Maturity Age64 years
Premium Payment TermMinimum – 5 years; Maximum – 30 years
Premium Payment ModeAnnual, Semi-Annual, Quarterly and Monthly.

9. Max Life Shiksha Plus Super Plan

The Max life Shiksha plus super is an insurance plan that is designed to help customers secure funds for their child’s future education and other financial needs.

Features and Benefits: 

  • The policy has systematic fund transfer and dynamic fund allocation mechanism which allow policyholders to protect their investments against market volatility.
  • Flexibility to choose policy term and premium payment term period as per customer’s convenience.
  • This plan also allows customers to make partial withdrawals to meet unplanned expenses.

Eligibility Criteria:

Criteria MinimumMaximum
Entry Age21 years50 years
Maximum Maturity Age

5 Pay Variant- 60 years

Regular Pay Variant- 65 years

Premium Payment Term5 years (5 Pay) / 15 to 25 years (Regular Pay)
Premium Payment ModeAnnual, Semi-Annual, Quarterly and Monthly.

10. Max Life Forever Young Plan

Max life forever young plan is a pension insurance plan which allows customers to create funds for their retirement years and at the same time offers a guarantee to protect their savings from market downturns.

Features and Benefits: 

  • The plan provides a guaranteed vesting benefit of higher of fund value or 101% of all premiums paid including top up premiums.
  • Customers can choose the vesting age as per their requirements.
  • Guaranteed loyalty additions are added to the fund after completing 11 policy years.

Eligibility Criteria: 

Criteria MinimumMaximum
Issue Age30 years65 years
Vesting Age50 years75 years
Premium Payment ModeAnnual, Semi-Annual, Quarterly and Monthly.

Why Should Invest In Max Life Investment Plans?

There are several insurance companies that offer a variety of investment plans to customers. The factors which make Max Life Insurance Company and its plans different from all those companies are listed below. Let’s take a look at them. 

  • Impressive Solvency Ratio 

The solvency ratio helps in analyzing the financial soundness of an insurance company by highlighting the company’s efficiency to meet its long term debt and other obligations. According to IRDAI, all insurance companies in India are obliged to maintain a solvency ratio of 1.50. Looking at Max Life Insurance company’s previous records, it is observed that this company has always been able to maintain a healthy solvency ratio above 1.50. The solvency ratio of Max Life Insurance company during the year 2020-21 was 2.07.

  • Claim Settlement Process

The claim settlement process is one of the keyholders that helps customers in understanding the credibility of an insurance company. An interesting fact about Max Life Insurance Company is that it adopts a transparent and simple claim settlement process. The company recorded a very impressive claim paid a percentage of 99.35% during the financial year 2020-21. 

  • 24*7 Customer Support Assistance 

Another valuable benefit of buying life insurance plans from Max Life company is that this company provides a very quick and hassle-free customer support service. The company works with a trained professional customer support team that works round the clock and helps customers in solving queries and putting them at ease. Customers can contact the company on its toll-free number 1860 120 5577. 

  • Strong Country-Wide Presence

Max Life Insurance company has managed to establish a strong PAN India presence and has around 277 branch offices located across several major cities in the country. This feature proves to be very beneficial for the customers as it helps them to avail instant support from the nearest branch of the insurance provider.

How Can You Buy Max Life Investment Plans?

The Max Life Insurance investments plans can be bought through two channels- online and offline process. Given below are the details of both types of the buying process- 

Online Buying Process: 

  1. Visit the official website of the company at maxlifeinsurance.com
  2. Click on the Menu bar located at the top of the page. 
  3. Select the ‘Investment Plans’ tab and choose your desired plan. 
  4. Click on the ‘Invest Now’ option. 
  5. Fill in your details and click on ‘Check Returns’. 
  6. Customize the plan according to your needs. 
  7. Check the premium amount and all other details. 
  8. Click on ‘Buy Now’ and make the payment. 
  9. After receiving the payment, the company will mail the policy documents to your registered email address. 

Offline Buying Process:

Customers can buy Max Life Insurance investment plans offline by visiting any nearest branch of the Max Life Insurance office. The customer service team at the branch office will help the customer in selecting an ideal plan and buying process.

Frequently Asked Questions

The documents required to be submitted while buying investment plans are listed below: 

  • Proof of income 
  • Proof of address 
  • Proof of identification
  • Proof of age 
  • Income proof

The renewal process of Max Life insurance investment plans is quite simple. Just follow the steps given below-

  • Visit the official website of the company at maxlifeinsurance.com
  • Click on the Menu bar located at the top of the page. 
  • Select the ‘Renew Policy’ tab. 
  • Submit your policy number. 
  • Fill in the other details and click on ‘Submit’. 
  • Check the premium amount and make the payment.

For the customer who fails to pay the premium amount on the due date, the company offers a grace period of 30 days during which the risk cover will continue and they can make the payment within that time frame. However, if the premium is not paid by the expiry of the grace period then the following provisions will apply-

  • Before the Policy has acquired surrender value: the policy shall lapse
  • After the Policy has acquired surrender value: the policy shall become reduced paid-up policy (RPU). For further details about RPU policy, refer to your specific plan brochure.

It is very convenient to pay premiums for the Max Life insurance plans. Policyholders can pay the premium online through the company’s official website. However, if they wish to pay the premium by cash or cheque, they can visit the nearest branch office of Max Life Insurance company.

Yes, Max Life Insurance company allows its customers to revive their lapsed insurance policies. However, such policies can only be revived within a revival period of five years from the due date of first unpaid premium.

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