Max Life Insurance Child Plan Details
Max Life Insurance Child Plan is best insurance plan offered by Max Life Insurance Company. The Cost of education is increasing day by day in India, which is the most bothering issue for parents. Max life Shiksha Plus Super protects your children’s future and provides support to them in achieving their dreams. Max Life Child Plan ensures that your child will receive the Guaranteed Benefits at key milestones, even in your absence. There is no best gift for your child than the promise of a secure future with Max life Shiksha Plus Plan. Max Child Plan from Max Life Insurance offers many benefits for the future of your Child. Max Life Insurance Shiksha Plus Super provides the financial support for the child’s future if the parents meet with an unexpected event. The Insured can pay Max Life Insurance Child Plan premium by using Max Life Insurance Online Payment. The Policyholder can calculate premium by using Max Life Insurance Premium Calculator.
Why do we need to buy Max Life Child Plan?
Max Life Insurance Child Plan allows you to invest in building an entity for your children’s education expenses. The Max life Shiksha Plus Super Plan also protects the child dreams from unexpected events, such as the death of a parent. Max life Insurance Shiksha Plus Super is a unit-linked insurance plan (ULIP) offered by Max Life Insurance. By considering the rising cost of education, fulfilling your children’s aspirations can get harder along with the time. The hopes of realising their dreams could shatter, in the event of a parent’s death. As a caring parent, you always want your child to get the very best. Max Life Child Plan is accommodating as you are for your child.
Max Life Shiksha Plus Super Review
Max Life Shiksha Plus Super is tailor-made plan which satisfies the needs of the children in future. The Max Life Insurance Child Plan provides expenses for Child Education. The Life Assured have to read the features and benefits before taking the Max Life Insurance Shiksha Plus Super Plan. Max Life Child Plan provides Family Benefit Option, which is very useful for the Child. The Max Life Child Plan Key Features and Benefits are available below.
Max Life Child Plan Key Features
The Key Features of Max Life Child Plan is explained below.
- The Max Life Shiksha Plus Super Plan provides an option to choose the policy term and premium payment.
- The Plan offers 5 fund options, in which the Life Assured have to select one from them.
- To protect the investments against market volatility, Systematic Fund Transfer and Dynamic Fund Allocation is provided in Max Life Insurance Child Plan.
- The Insured have the Flexibility to make partial withdrawals to meet the unplanned expenses.
- In the case of death of the Life Insured, the Plan provides life coverage of family income benefit and funding of future premiums.
Max Child Plan Benefits
- Death Benefit: In Case of Death of the Life Insured, the Death Benefit is provided to the Nominee as a lump sum amount, Family Income Benefit, Funding of Premium.
- Maturity Benefit: At the time of maturity you can take the full Fund Value to reach the financial needs of your child.
- Tax Benefit: You can get tax benefits on Max Child Plan for premiums paid as per the prevailing tax laws at the time of payment of premium. For information about Tax on Insurance Polices refer www.taxqueries.in.
- The Guaranteed Loyalty Additions are provided at the end of every policy year.
Max Life Shiksha Plus Super Plan Eligibility Criteria
The customers who wanted to buy this policy should meet the below eligibility criteria. The details provided in this Max Life Insurance Child Plan is maturity age, policy term, premium payment term, entry age of life assured and child, and other details. The following table shows the brief details about the Max Life Shiksha Plus Super Plan.
|Entry Age of Child||Minimium: 0 years.
Maximum: 18 years.
|Entry Age of Life Assured||Minimium: 21 years.
Maximum: 50 years.
|Maximum Maturity Age of the Life Assured||5 pay variant: 60 years.
Regular Pay: 65 years.
|Premium Payment Term||5 years (5 Pay).
15 to 25 years(Regular Pay).
|Policy Term||10 years for 5 Pay.
15 to 25 years for Regular Pay.
|Premium Payment Mode||Annual, Semi-annual, Quarterly, Monthly.|
|Minimum Basic Sum Assured||For 5 Pay – Rs 5,00,000/-
Regular Pay – Annual Mode : Rs 2,50,000/-.
Non-Annual Mode : Rs 4,80,000/-.
|Maximum Basic Sum Assured||No Limit.|
|Sum Assured Multiple||For 5 Pay and Regular Pay: 10 * Annualised Premium.|
|Minimum Annualised Premium||For 5 Pay: Rs 50,000/-.
For Regular Pay: Annual Mode: Rs 25,000/-.
Non-Annual Mode: Rs 48,000/-.
|Maximum Annualised Premium||No Limit.|
For more details regarding Max Life Child Plan, Refer the Max Life Shiksha Plus Super Policy Brochure available below.
Max Life Insurance Shiksha Plus Super Plan Related Documents
Max Life Insurance Child Plan requires the Proposal Form to buy the Max Life Insurance Shiksha Plus Super Plan Offline. The customers may know the details using the product Boucher, policy document, etc. Required forms and documents to know the full details of Max Child Plan are available below.
Max Life Insurance Contact Details
For any queries regarding all your policy related requirements, call to the Max life Insurance Customer care. (Or) Visit the nearest branch of Max Life Insurance Branch.
Customer Care Number is 1800 200 5577 / 1800 180 5577.
The Official Website of Max Life Insurance is www.maxlifeinsurance.com.
The Max Life Insurance Mail Id for Individuals firstname.lastname@example.org.
for Group email@example.com.
Max Life Insurance Child Plan Related Posts
Here, we are providing the related posts of the Max Life Insurance Child Plan. Click the below links, if you want to know the details about Online Payment, Renewal, Premium Calculator, Policy Status and Forms and Documents.