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Product Information
Protection Plans Max Life Premium Return Protection Plan
Synopsis:
This Plan not only offers you protection coverage, but also has the benefit of return of premium payment at the end of the policy term, on survival of the life insured.

Features:

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  • Pay for a limited premium payment term of 11 years only and enjoy lifetime benefits
  • Get guaranteed return of total premiums paid in case of survival at maturity
  • Flexibility to choose of protection period (20/25/30 years)

Benefits:

  • Maturity/Survival Benefit- At the end of the policy term, you (policyholder) will get guaranteed survival benefit which is the sum of premium installments paid over the payment term.
  • Death Benefit - In case of death during the policy term, your nominee will get the life cover as a lumpsum.
  • Tax Benefits- You can get certain tax deductions on your premiums and on proceeds under the policy benefits.
Eligibility:
Policy  Term Minimum Entry Age
(Age as on Last  Birthday)
Maximum Entry Age
 (Age as on Last  Birthday)
20 Years 55 Years
25 Years 21 Years 50 Years
30 Years 45 Years
Maximum Maturity Age
(Age as on Last Birthday):
45 Years