QROPS

A lot of Indians who chose the UK as their workplace often wish to return to India after achieving their career and financial goals. However, returning is not as simple and might require careful financial planning and preparation. Thankfully, QROPS can help you ensure that your retirement fund accumulated in the UK can be transferred to India in a seamless and tax-efficient manner. Max Life Insurance offers retirement plans which are registered with HMRC as QROPS.

What is QROPS?

There was a time when expats leaving the UK had to deal with huge taxes while transferring their pension funds to anywhere out of the country. Her Majesty Revenue & Customs (HMRC - the UK based regulator responsible for the collection of taxes) recognized this gap and launched Qualifying Recognized Overseas Pension Scheme (QROPS) to facilitate fund transfers for expats leaving the UK.

 

What do I get with this plan?

A QROPS being broadly similar to the UK registered pension scheme allows NRIs and PIOs to receive the pension benefits in their new country of residence. Apart from being a tax efficient method for transfer of pension funds, it also offers you the flexibility to choose products that best serve your requirements. QROPS has proved to be highly beneficial for expats moving out of the country and has become one of the most popular means of funds transfer in a short time.

Read More Read Less

What is QROPS?

What do I get with this plan?

Invest in QROPS if you want to

  • Conveniently transfer your UK pension fund to India
  • Receive life-long income for as long as you or your partner are alive
  • Get opportunity to grow the corpus with market-linked funds

Our Range of QROPS Plans

Our Range of QROPS Plans

MAX LIFE FOREVER YOUNG PENSION PLANUIN: 104L075V02

  • Flexible death benefits and their payout options
  • Guaranteed loyalty additions to enhance fund value
  • Guaranteed benefits transferred to nominees
Tell Me More

MAX LIFE GUARANTEED LIFETIME INCOME PLANUIN: 104N076V03

  • Guaranteed income for lifetime
  • Option to choose a single or a joint life annuity
  • Option to receive return of purchase price on death of policyholder
Tell Me More

Why Choose Max Life

Here are some of the numbers which speak about our accomplishments

Why Choose Max Life

Here are some of the numbers which speak about our accomplishments
Claims Paid Percentage

98.74%

98.74%

(Source : Annual Results Release FY18-19)

Max Life Presence

239 Offices

239 Offices

(Source : Annual Results Release FY18-19)

Sum Assured

₹7,03,972 Cr.

₹7,03,972 Cr.

In force (individual) (Source : Public disclosure FY18-19)

Assets Under Management

₹62,798 Cr.

₹62,798 Cr.

(Source : Public disclosure FY18-19)

More reasons why our customers choose us
See what people have to say about our retirement plans
See what people have to say about our retirement plans

Let’s Connect

Let’s Connect

Buy an Insurance Plan
1860 120 5577
1800 200 3383 (Online Term Plan)

online@maxlifeinsurance.com
SMS 'LIFE' to 5616188

Let us call you back
Customer Service
1860 120 5577
  Chat with us

Please write to us incase of any escalation/feedback/queries.

Write to us
NRI Helpdesk
0124 - 5071300; 6477000

nri.helpdesk@maxlifeinsurance.com