MAX Life Fast Track Super Plan

A plan that helps in planning your future better and financially sound. This plan offers liquidity in the form of partial withdrawals and you can receive returns at the end of the policy period. A ULIP plan is one whose return mainly depend on the market conditions and gives returns both on maturity of the policy or on the sudden demise of the policy holder.

Key Features

  • Financial protection to loved ones
  • Limited premium paying term
  • Obtain loyalty benefit

Benefits

  • Maturity benefit
On maturity the life insured gets fund value. Fund value is calculated by multiplying balance units and unit price. The fund value can be taken in periodical installments.
  • Death benefit
The nominee receives highest of sum assured or the fund value on death of the life insured.
  • Partial withdrawal
The minimum amount of withdrawal is 5000 and the maximum is 50% of the fund value on the date of withdrawal.

Am I eligible?

PARAMETER MINIMUM MAXIMUM
ENTRY AGE 18 60
POLICY TERM 10 20
AGE OF MATURITY - 70
SUM ASSURED 2,00,000 NO LIMIT
PREMIUM PAYEMENT TERM SINGLE, REGULAR
PAYMENT TERMS ANNUAL, SEMI-ANNUAL, QUARTERLY, MONTHLY

What if?

  • I am unable to pay on time
A grace period is provided based on the payment frequency. The policy is continued if you make the payment within the time period else the policy is lapsed.
  • I stop the payment
If the policy is surrendered within 5 years then the fund value will be moved to discontinued policy fund. If it is surrendered after 5 years fund value will be paid out.
  • I wish to take a loan
No loan option is available in this policy.

Exclusions

  • The nominee will receive fund value of the amount of premiums paid if the life insured commits suicide.