Fixed Return Plan: Life insurance with guaranteed returns is available in Max Life plans
This plan is such that savings and life insurance have been merged together. Traditional plans do not have such a facility because customers have to take separate savings plan and insurance plan separately.
Max Life Insurance Company Limited (Max Life Insurance) has launched ‘Max Life Smart Fixed Return Digital Plan’. This plan is not linked to the stock market. Any person can take this plan as Life Insurance (Life Insurance) as well as for the savings plan. With the help of this plan, customers can fulfill their financial needs in less time. The minimum policy term of this plan is 5 years. To the customers, this plan gives tax free returns at the rate of 6.14%, along with life insurance. The customer will have to pay a premium of Rs 3000 per month for this plan. This plan can be purchased from the website of Max Life or from policybazaar.com.
Smart Fixed Return Digital Plan is more beneficial for those customers who make full use of digital mediums. This plan can be bought and used online. There are many savings plans in the market which have been running for years. Smart Fixed Return Digital Plan gives higher returns as compared to them. Three features are available in this plan – guaranteed, tax free returns and life insurance. That is, with this plan, the customer will get full benefit of life security along with earning.
This plan has been specially designed keeping in mind the youth of today who prefer life insurance along with savings. Let us know about the special features of the plan-
- You can take this plan online at least in paperwork. On maturity of the plan, you will get the benefit of returns in the shortest possible time.
- On maturity of the plan, the customer is given a full guaranteed return in lumpsum.
- This plan is of five years, whose premium can be paid monthly or annually according to your convenience.
- You can choose the plan according to your financial need.
- Paying more premium will get more benefits of the plan. According to your financial need, taking a plan with a higher premium will get the benefit of higher returns.
- Women will be given additional benefits in the plan. Women will get 0.25 percent more benefit in the plan with the maturity term of five years. Women will get 0.5 percent more return in a ten-year policy.
- A loan can be taken on this policy when there is a need for money.
- The benefit of tax will be available on the premium paid for the plan, there will be no tax on maturity. The tax benefit will depend on the plan.
This plan is such that savings and life insurance have been merged together. Traditional plans do not have such a facility because customers have to take separate savings plan and insurance plan separately. The new generation wants a plan in which both the benefits come together. This plan of Max Life is similar. Life insurance can be availed with guaranteed returns.
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