Smart Wealth Plan Max Life

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Max Life Smart Wealth Plan is a smart plan which allows the investor to gain from the combination of protection and savings. The plan strives to fulfil your family’s needs including definite and indefinite and guarantees a smart and secured life to your loved ones.

Highlights of Smart Wealth Plan by Max Life

check-star Claim settlement Ratio: 99.65%
check-star Tax Benefits: Available as per prevailing tax laws
check-star Critical Illness Coverage: Available as a Rider
check-star Accidental death benefit: Available as a Rider
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Pros & Cons Smart Wealth Plan by Max Life

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The Smart Wealth Plan allows fully guaranteed returns that helps investors to save for their long-and short-term milestones
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It allows investors the flexibility to choose plan options according to your needs. So, you can choose from the various income plans such as short-term income, long-term income, lump sum income or whole life income
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Smart Wealth Plan also offers financial security to the family in case of death of the insured during the term of the policy and if the policy is active
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The plan also let the investor to earn enhanced protection by means of additional riders as per requirement
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With the Whole Life Income Option of the Smart Wealth Plan, you can get the flexibility to cover your spouse’ life jointly with you under the same policy
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If the Life Insured (or any of the life insured in case of joint insured plans under variant 4), whether mentally stable or unstable, dies by committing suicide within the first year of the policy purchase date or the policy revival date, it will cause the policy to get terminated immediately
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If such a thing takes place, the insurer will pay the nominee either the surrender value if it is greater or the value of the total premiums paid if that is higher (in case the policy has acquired a surrender value)
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Or the nominee will receive total premium amount that has been paid so far along with the extra amounts such as taxes, levies etc., in case the plan has not acquired a surrender value
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Quick Answers to all Life Insurance Questions

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Max Life
Insurance Company

Established in 2000, Max Life Insurance Company is a joint venture between Max India Limited and Axis Bank. The company was formerly named Max New York Life Insurance Company Limited. It is the largest non-banking private-sector insurance company in India. It is a part of Max India Limited Group and a subsidiary company of Max Financial Services.
Max Life Insurance is amongst the foremost formed life insurance companies in India. It provides long-term protection, retirement, and savings plans through its multi-channel distribution and agency partners. Max Life Insurance has recently introduced comprehensive riders to provide financial protection against disease, death, and disability.

Founded in
2000
Number of Claims
6+Lakhs
Number of Policies
48+Lakhs lives covered
Turnover (GWP)
25,341.91 CRores
JV Partners
Max Financial Services and Axis Bank

Claims Experience

Claims Experience Rating 4.7
check-star Claim Settlement Ratio (No. of claims)
What % of the claims received were paid?
99.65%

Benefits of Smart Wealth Plan by Max Life

Key Benefits
Guaranteed Maturity Benefits
Guaranteed long-term savings benefits
Flexibility
Income plans: Short, Long, Lumpsum, Whole.
Other Benefits
Guaranteed Additions
Accrued Guaranteed Additions benefit.
Financial Security in case of Death
Comprehensive death benefits provided.
Top Smart Wealth Plan by Max Life
Smart Secure Plus Plan
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Sahi Insurance

If you have any questions on how to choose the best insurance plan, you can connect with our IRDAI certified insurance advisors.

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The age limit set for individual investors under the Max Life Smart Wealth Plan is 60 years. However, it is 65 years for the Whole Life Income variant under the plan.

The investor must choose a plan variant under the Max Life Smart Wealth Plan by considering the specific needs as well as preferences depending on their financial goals.

Yes, you can add below riders to your plan variants 1, 2 and 3 as mentioned below:

  • Waiver of Premium Plus Rider
  • Accidental Death and Dismemberment Rider 
  • Term Plus Rider

You can choose the plan depending on your needs. As such the policy term for each variant is different under the plan, which you must define while choosing a plan. Also, you must refer to the policy wordings on the product before buying.

You will have to submit the surrender request with the required documents at a nearby Max Life insurance branch. Or you may get it done online by visiting the official website of Max Life.

Disclaimer

* Tax benefits are subject to changes in tax laws.
#All savings are provided by the insurance company as per the IRDAI approved insurance plan. Standard T&C apply.