Max Life Smart Fixed-return Digital Plan

Max Life Smart Fixed-return Digital Plan comes with two policy tenures of 5 years and 10 years. Customers can choose the one that suits their requirements and financial goals the most.

These guaranteed additions are the amount accrued once the policy is fully paid up by the policyholder. Guaranteed additions are only available in the titanium variant of the plan.

Yes, the returns in Max Life Smart Fixed-return Digital Plan are tax-free except for Gold variant wherein a life insurance coverage of 1.25 times the single premium is opted on a an individual life.

In order to encourage the purchase of insurance cum savings products, the Max Life Smart Fixed-return Digital Plan offers additional benefits to women. This benefit includes additional maturity benefits for women. Women policyholders can get 0.25% more maturity benefit for a 5-year policy term, and 0.5% for a 1o-year policy term.

Yes, it is possible to surrender your policy any time during the policy term, however, you will be eligible for a surrender value only after it has acquired a surrender value.

The policy acquires a Surrender Value on the payment of two full years’ premium for a 5 pay variant. As for the gold variant which requires a single payment, the surrender value is achieved post expiry of the free look cancellation period.

The surrender value shall be equal to the higher Guaranteed Surrender Value (GSV) or Special Surrender Value (SSV).

Grace period refers to the time from the due date of each premium payment, during which the policyholder is allowed to make the payment without any late fees. In the case of Max Life Smart Fixed-return Digital Plan, the grace period is of 15-30 days depending on the premium payment mode. The life insurance benefit continues to be available during this period. If the Life Insured dies during this period, we will pay the Death Benefit after deducting the unpaid Premium, if any.

There is a waiting period of 90 days from the Date of Commencement of Risk applicable only for POS policies. In case of death (for other than accidental death only) during the waiting period, 100% of the total premiums paid till the date of death will be payable excluding applicable taxes, cesses, levies, if any. On this payment, all policy benefits will cease. The Death Benefit will not be payable. In case of death of Life Insured due to accident, the Waiting Period is not applicable, and Death Benefit shall be payable.