All About Max Life Insurance ULIPs

To fit the requirements of different customers, Max Life Insurance has multiple ULIPs available. Unit-Linked Insurance Plans (ULIPs) are dual-functional plans. Not only does it provide life cover, death benefits, and other facilities of a traditional insurance plan, but also a way to grow your current wealth corpus. It does this by letting policyholders invest in market-linked funds of their choice.

Therefore, you dictate your returns according to the risks you are willing to take, all the while getting sufficiently covered. Read on to find out about the various ULIPs.

ULIPs offered By Max Life Insurance 

The following are the various Max Life Insurance ULIPs available:

1. Max Life Shiksha Super Plus

• 5 different fund options available to satiate the risk appetite of everyone
• Benefits include Family Income Benefit and Premium waivers in case of the death of the policyholder
• The facilities for the transference of funds and Dynamic Fund Allocation protects your investment against poor market trends
• Flexibility in terms of premium payment term as well as policy term 

2. Max Life Fast Track Super

• Partial withdrawal facility available to access funds without having to liquidate your entire invested fund
• Several different fund options available to invest in according to the choice of the policyholder along with comprehensive life cover
• The policyholder can choose the Policy Term as well as Premium Payment Term
• You can also choose to switch your investment fund even after its commencement
• The Dynamic Fund Allocation feature helps you keep your funds from volatile market trends

3. Max Life Platinum Wealth Plan

• Under this plan, the policyholder is liable to get 10 times the amount of the Annualised Premium from base policy, in case of Limited and Regular Pay options
• The Max Life Partner Care Rider is available in case you want to enhance your base policy and its features
• There are no administration charges levied with this plan after 5 years have passed from the year of commencement of the plan
• This plan also comes with Loyalty Additions and Guaranteed Wealth Boosters, so, the longer you stay invested, the more it is beneficial to you

4. Max Life MAXIS Super

• There are 6 different funds available to choose from and the choice is up to the policyholder
• There are several different choices available in terms of the policy term, depending on your age and premium amount
• The premium payment term also has several options to choose from

Conclusion

Not everyone has the same ambitions, needs or circumstances when it comes to their assets. This is why it is hugely convenient when there are several options present, like with Max Life Insurance. ULIPs have similar features and they are all equally profitable for the policyholder. 

You may also like to read:

Reasons Why ULIPs Can Help You Save For The Long Term

Insights On ULIPs VS Traditional Life Insurance Plans

Disclaimer: This article is issued in the general public interest and meant for general information purposes only. Readers are advised not to rely on the contents of the article as conclusive in nature and should research further or consult an expert in this regard