Forever Young Plan
Today, in the prime years of your life, you are working hard to give your loved ones the best lifestyle. When you are enjoying all the comforts that life has to offer, are you sure that you will be able to maintain your family's lifestyle, post retirement?
Introducing the Max Life Forever Young Pension Plan which offers the benefit of equity participation to create a large retirement corpus as well as a guarantee to protect your savings from market downturns. It also provides additional benefits for protecting your family against unexpected events so that you and your loved ones can live life on their own terms.
Max Life Forever Young Pension Plan offers the following benefits:
• Guaranteed Vesting Benefit of higher of Fund Value or 101% of all premiums paid including top up premiums(exclusive of rider charge, if any), if you have opted for the Pension Maximiser Option and 110% of all premiums paid including top up premiums(exclusive of rider charge, if any) if you have opted for the Pension Preserver Option will be available for vesting of policy
• Option to choose vesting age as per your requirement
• Guaranteed Loyalty Additions will be added to the fund, starting 11th year
• Option to guarantee retirement benefits for your spouse in the unfortunate event of your death, if you have opted for Max Life Partner Care Rider
• Option to save more tomorrow to increase your retirement corpus through top-up premiums in later years
IN THE UNIT LINKED POLICY, THE INVESTMENT RISK IN THE INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER.
LIFE INSURANCE COVERAGE IS AVAILABLE IN THIS PRODUCT. APPLICABLE TAXES, CESSES, AND LEVIES AS IMPOSED BY THE GOVERNMENT FROM TIME TO TIME WILL BE DEDUCTED FROM THE PREMIUMS RECEIVED
Please Note: Unit Linked Insurance Products do not offer any liquidity during the first five years of the contract. The Policyholder will not be able to withdraw the money invested in Linked Insurance Products completely or partially till the completion of the fifth policy year.
https://www.maxlifeinsurance.com/content/dam/corporate/Brochures/Retirement-plans/English/Forever-young-pension-plan/max-life-forever-young-pension-plan-prospectus.pdf,
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