Max Life Smart Fixed-return Digital Plan

Max Life Smart Fixed-return Digital Plan is a simple and convenient savings plan that offers guaranteed returns along with the protection of life cover. The main features of the Max Life Smart Fixed-return Digital Plan are discussed below: 

1. Guaranteed returns: This plan offers guaranteed returns which are tax-free, as per the provisions of Section 10(10D) for all variants, except for the Gold variant. 
2. Maturity Benefit: The plan offers a guaranteed corpus as the maturity benefit once the policyholder survives the policy tenure. The maturity benefit includes the sum assured on maturity, accrued guaranteed additions, and additional maturity benefit on account of paying higher premiums. 
3. Tax Benefits: Policyholders can get a tax deduction of up to Rs.1,50,000 under Section 80C of the Income Tax Act. Additionally, the maturity benefit is also tax-free, as per the provisions of Section 10(10D) for all variants, except for Gold wherein a life insurance coverage of 1.25 times the single premium is opted on a single life basis. 
4. Facility to Take Loans: In case of an emergency, policyholders can secure a loan against their policy. 

1. Three Variants: The plan comes in three variants: Gold, Platinum, and Titanium, which offer different levels of benefits and premiums. 
2. Easy to Buy and Manage: This plan is available for purchase online, and policyholders can manage their policies digitally through the Max Life Insurance website or mobile app. 

Eligibility of the Max Life Smart Fixed-return Digital Plan 

Eligibility to buy the Max Life Smart Fixed-return Digital Plan can be summarized as follows: 

1. Individuals who want to build a savings corpus and desire financial protection through life insurance can buy this plan. 

1. Risk-conservative investors who seek a completely safe investment unaffected by market fluctuations can buy this plan. 
2. Women can avail of special benefits curated for them, including additional maturity benefits of 0.25% for a policy term of 5 years and 0.5% for a policy term of 10 years. 
3. Married couples who want joint life insurance and are looking to start a family or have a family can buy the gold variant of the plan. 

Benefits of the Max Life Smart Fixed-return Digital Plan 

Max Life Smart Fixed-return Digital Plan is a comprehensive solution for investment and insurance needs, providing guaranteed returns, life cover, savings, and rider options. The benefits of Max Life Smart Fixed-return Digital Plan are described below: 

1. Guaranteed Returns: The plan offers guaranteed returns at the time of maturity, regardless of how the market is performing. This provides peace of mind and financial security for those who do not want to take risks with their investments. 
2. Life Cover: The plan offers life cover, which ensures that your family will receive financial support in case something happens to you. You can choose the level of life insurance cover you need to secure your family's financial future in your absence. 
3. Savings: The plan allows you to build savings for your future financial needs. You can choose to pay the premium in a regular or lump-sum as per your convenience and get returns to meet your saving requirements. 
4. Rider Option: The plan provides the option to add riders for even more benefits. The death benefit payable to the nominee would be at least 11 times of the annualized premium for the Platinum and Titanium variants, and for the Gold variant, you can choose to get covered for 1.25 times or 10 times of the single premium when single life is covered. 
5. Special Benefits for women: Max Life Smart Fixed-return Digital Plan offers special benefits for women to encourage them to invest in insurance cum savings products and support their financial independence and security. The additional maturity benefits are one of the main advantages of this plan for women. Female customers of the same age as male customers are eligible for these benefits. The benefits include an additional 0.25% of maturity benefit for a policy term of 5 years and an additional 0.5% of maturity benefit for a policy term of 10 years. These benefits can help women build a stronger financial future and achieve their long-term financial goals. 

How to buy the Max Life Smart Fixed-return Digital Plans 

Gold variant  

Here's a step-by-step guide to buying the Max Life Smart Fixed-return Digital Plan's Gold Variant: 

1. Step 1: Decide the amount of investment you want to make: Before you start the purchase journey, it is essential to determine the amount of investment you want to make. This will help you choose the best variant of the plan that suits your requirements and financial goals. 
2. Step 2: Choose the Gold Variant of the plan: Once you have decided on the investment amount, select the Gold Variant of the plan. It requires you to pay the premium only once and provides a guaranteed lump sum at maturity. 

1. Step 3: Select a policy term of either 5 or 10 years: You can choose a policy term of either 5 or 10 years, depending on your financial goals and investment horizon. 
2. Step 4: Choose between a life insurance benefit of 1.25 times or 10 times the single premium, and the option to add a joint cover: The Gold Variant also offers a life insurance benefit of 1.25 times or 10 times of the Single Premium, as chosen by you. Additionally, you can also opt for a joint cover to ensure that your loved ones are financially secure in case of any unforeseen event. 
3. Step 5: Submit your documents with the proposal form to receive your policy: After selecting the policy term and the life insurance benefit, you need to submit your documents along with the proposal form. Once the insurer verifies the documents and approves your proposal, you will receive your policy. 

Platinum variant  

Here's a step-by-step guide to buying the Max Life Smart Fixed-return Digital Plan's Platinum Variant:   

1. Step 1: Decide how much money you want to invest in the plan. This will determine your premium payments and eventual returns. 
2. Step 2: Choose the Platinum Variant of the plan, which requires you to pay the premium for 5 years and guarantees a lump-sum payment at the end of the policy term. 
3. Step 3: Select a policy term of 5 or 10 years based on your financial goals and needs. 
4. Step 4: Opt for a life insurance benefit that is equal to 11 times the annualized premium. This will ensure that your family is financially secure in case of any unforeseen events. 
5. Step 5: Submit all the required documents, including identity proof, address proof, and other relevant documents, along with the proposal form to receive your policy. Once your documents are verified, your policy will be issued. 

Titanium Variant 

Here's a step-by-step guide to buying the Max Life Smart Fixed-return Digital Plan's Titanium Variant: 

1. Step 1: Before purchasing the Titanium Variant, it's crucial to decide on the investment amount you wish to make. This is significant as it will determine the premium payments that you need to make and the returns you can expect to receive. 
2. Step 2: Choose the Titanium Variant of the plan. Opt for the Titanium Variant that requires you to pay the premium for 5 years. It offers a lump-sum payment at maturity, along with guaranteed additions that accrue once all premiums have been paid. 
3. Step 3: Select the policy term. You can choose a policy term of either 5 or 10 years. Choose the policy term that aligns with your financial goals and needs. 

1. Step 4: Submit your documents with the proposal form. Once you've selected the Titanium Variant and policy term, you need to submit your documents along with the proposal form to receive your policy. Ensure you include all necessary documents, such as identity and address proof, to avoid delays in the process. Once your documents are verified, you will receive your policy.