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Annuity is a series of future payments, we, at Max Life Insurance, make in return of the lump-sum amount called the “Purchase Price” paid by you. These may be either the accumulations you have made in our deferred annuity plans, easy life retirement plans or in our Life Maker Pension Plan, or may be accumulations you have made with any other life insurance/pension company, or your accumulated savings.
Max Life Immediate Annuity Plan is a powerful plan to meet your post retirement financial needs, ensuring you a complete peace of mind in the golden years of your life.
We will offer you a choice between different annuityA contract sold by a life insurance company that provides fixed or variable payments to a recipient, either immediately or at a future date. options as provided below:
In case of your death during this period, we will continue paying the annuityA contract sold by a life insurance company that provides fixed or variable payments to a recipient, either immediately or at a future date. to your beneficiaryA person(s) designated by the policy owner to receive the proceeds of an insurance policy upon the death of the insured. till the end of this fixed period. On your survival at the end of this period, we will continue to pay you the same amount for as long as you live.
Take a look at an example of immediate annuityA contract sold by a life insurance company that provides fixed or variable payments to a recipient, either immediately or at a future date. amount per annum commencing at ages 50, 60 and 70 years if you pay a purchase price of Rs. 10,00,000 (Rupees Ten Lacs only):
For more details on risk factors, terms and conditions please read the sales brochure carefully before concluding a sale. Tax benefits are subject to change in tax laws.Insurance is the subject matter of solicitation.
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Copyright © 2009 Max Life insurance Co. Ltd. All Rights Reserved.Registered Office: Max House, 1 Dr. Jha Marg, Okhla, New Delhi - 110020.IRDA - Registration No. 104. Insurance is the subject matter of solicitation ARN/Web/01.An ISO 9001:2008 Certified Company.