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Max Life Insurance introduces ‘Guaranteed Income Plan’

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A Life Insurance Plan designed to provide Guaranteed extra income for your planned and un-planned expenses

Pune (Nov. 14, 2014): Max Life Insurance, one of India’s leading life insurers today announced the launch of ‘Max Life Guaranteed Income Plan’ - a unique, first of its kind life insurance solution which provides 100% guaranteed regular income to you or your family to ensureextra income to meet planned and un-planned expenses.

The plan has been designed to provide Guaranteed Income that is guaranteed upfront, for a period of 10 years after the Policy Term. The monthly income payable in the first five years gets doubled in the next five years.  Additionally, the income payout is complemented by a one-time guaranteed Terminal Benefit payable at the end of the Payout Period. Apart from guaranteed survival benefits, GIP provides complete peace of mind to you by offering financial protection to your family in case of untimely loss of life during the policy term.

Speaking on the launch, Mr. Rajesh Sud, CEO & Managing Director, Max Life Insurance said,“At Max Life Insurance, we designnew products keeping in the mind the future needs and requirementsof our customers. The ‘Max Life Guaranteed Income Plan’ has been specifically designed with an objective of filling in this gap of requirement of extra income and securing ones future along with surety of protecting your family needs. It is also our attempt to reach out to the consumers who are looking at a safe, systematic and self completing financial planning solution.”

Key Features & Benefits of Max Life Guaranteed Income Plan

  • Guaranteed Income and Terminal benefit: Start enjoying monthly income benefit for 10 years immediately after the policy term. Additionally the plan also offers you guaranteed Terminal Benefit at the end of Payout Period. 
  • Income that doubles after 5 years: Guaranteed monthly income offered during the payout period of the first five years is doubled in the next five years.
  • Guaranteed Protection with choice of payout options on death: On death during the Policy Term, the nominee can choose to receive select either a) Lump sum Death Benefit or b) Income for 10 years post death