Max Life Flexi Wealth Plus plan

Benefits of Flexi Wealth Plus plan

• Maturity Benefit
  On maturity of this ULIP investment plan, you will be eligible to receive an amount (provided that you have not exercised the settlement option), which equals to the accumulated Fund Value, under both Wealth Variant & Whole Life Variant. Under this ULIP plan, the Fund Value payable upon maturity will be calculated as: Fund Value = Summation of Number of Units in Fund(s) multiplied by the respective NAV of the Fund(s) as on the date of maturity
  You are also entitled to receive the total amount of mortality charges (Return of Mortality Charges or RoMC) paid towards the ULIP plan, upon surviving the policy tenure. At the end of the policy term, on the maturity date, the total amount of mortality charges deducted in respect of life cover provided throughout the policy term, will be added back as ROMC, to the Fund Value, as applicable. ROMC is not applicable in case of a Surrendered, Discontinued or Paid-up policy and will be payable provided all due Regular Premiums under the policy have been paid up to date..
• Death Benefit
  Max Life Flexi Wealth Plus provides comprehensive financial protection to your family in case of your unfortunate demise within the ULIP plan tenure. In this case, your nominee shall receive the highest of the following values:
• Sum Assured (reduced by applicable partial withdrawals** from the accumulated Fund Value, if any), or
• Fund Value (as on the date of demise of the Life Insured)
• 105% of the total premiums received up to the date of death (reduced by applicable partial withdrawals** from the accumulated Fund Value, ifany)
• Tax Benefits
  You may be entitled to certain tax deductions on your premiums and on proceeds under the policy benefits. Please note that all such tax deductions are subject to tax laws prevailing at the time of payment of premium or receipt of benefits. You may seek an independent advice on tax benefits from your tax advisor.