Maturity Benefits:
Maturity Benefits under Max Life Smart Wealth Plan differ as per the variant chosen.
For Variant 1 (Lump sum):
Max Life Smart Wealth Plan benefits for Variant 1 incorporates ensured entirety guaranteed on development, alongside accumulated ensured increments.
- Ensured total guaranteed on development under Max Life Smart Wealth Plan further differs according to the picked strategy term.
- Ensured increases, then again, changes according to passage age, sexual orientation, premium band, and chose sub-variation.
- Life cover as well.
For Variant 2 (Short term income):
For this variation of Max Life Smart Wealth Plan, the protected individual gets an ensured pay advantage, which is characterized as a level of annualized premium. This pay advantage of Max Life Smart Wealth Plan is payable after the Policy Term according to the picked recurrence and for a length equivalent to Premium Payment Term.
For Variant 3 (Long term income):
In this variation of Max Life Smart Wealth Plan, the ensured pay advantage is payable for a time of up to 25/30 years premise the superior installment term picked. Additionally, a terminal advantage which rises to the amount of all the expenses paid, is payable toward the finish of pay advantage term.
For Variant 4 (Whole Life income): This variation gives an ensured pay advantage post the arrangement term, given both of the two life protected have endure the approach term and this pay is payable until the demise of the last enduring life.
Death Benefits: For every one of the variations of Max Life Smart Wealth Plan, the recipient is qualified for get a single amount ensured demise advantage, determined premise the variation picked, payable quickly if the existence protected kicks the bucket during the arrangement term.
