What is Max Life Future Genius Education?
Every parent should make it a goal in their lives to provide solid foundations for their kids’ futures. They do everything, whether it’s about getting their children enrolled at the best school or nurturing their skills through the right guidance and training. In many cases, however, the financial aspect of it can become a problem. Many children cannot see the light of hope in their future if their parents are not earning enough.
Max Life Future Genius Education Plan (UIN 104N094V03) is for parents who want their children to succeed in life without any financial obstacles. This insurance plan provides coverage for children in various areas of education planning. It helps parents create a safe environment for their children.
With rising education costs both in Indiaand abroad, it is possible to plan for the future with Max Life Future Genius Education Plan disciplined savings. You have the option to choose how long you want the plan to continue, which premium years and when payouts should be made. This will all depend on your child’s age and future plans.
You might consider putting aside money for your child’s future. You can avail these benefits by simply changing your money-savings plan and buying Max Life Future Genius Education Plan online.
Benefits of Max Life’s Future Genius Education Program
Max Life Future Genius Education Plan offers many benefits to help you plan for your child’s future.
- Death Benefit
If you are unfortunate enough to die during your policy tenure, the Max Life Future Genius Education Plan beneficiary is entitled to receive a death benefit. This is calculated based upon the annualized premium, total premiums until the date of death, and any assured absolute amount.
Max Life Future Genius Education Plan also has the added benefit of not terminating after your death. Max Life Future Genius Education Plan offers many benefits that can be paid to any beneficiary as and when they are due. The nominee has the option to choose whether the Future Genius Education Plan proceeds will be paid as a monthly income or a lump sum benefit.
- Maturity Benefits
Max Life Future Genius Education Plan also offers maturity benefits in the form Accrued Paid-Up Additions (PUA) or a terminal bonus. A terminal bonus will be paid to the beneficiary upon your death.
- PUA Withdrawal Facility
Max Life Future Genius Education Plan allows you to choose to either take part or all of the PUA’s surrender value. The minimum amount that can be withdrawn is Rs. The maximum amount that can be withdrawn is Rs. 5,000, while the minimum amount is subject to PUA cash values. After you’ve opted for this option, all remaining PUA can continue to receive bonuses.
- Moneyback Benefit
Max Life Future Genius Education Plan also offers money back. You get four moneybacks in the Future Genius Education Plan’s last four years, each equal to 25% of the Sum Assured.
Max Life Future Genius Education Plan Features
Max Life Future Genius Education Plan is designed with many features to help you plan for your children’s future.
- Life insurance coverage
Max Life Future Genius Education Plan is a way to eliminate financial worries regarding a child’s education. In the event of your untimely death, the beneficiary will be paid insurance payments so that the education plan is not affected. The policy will be valid with no future premiums and it will not be cancelled in your absence.
- Flexible policy term selection
Max Life Future Genius Education Plan can be purchased online. You have the option to choose between 13 and 21 year policy terms. This will be determined based on the current age of your child and the plan you have for higher education in India, or overseas.
- Optional Bonuses
Max Life Future Genius Education Plan offers three types of bonus options: cash, premium offset and paid-up additions. You can choose based on your future or current needs.
- Guaranteed Moneybacks
The guaranteed moneybacks feature is what draws many parents to Max Life Future Genius Education Plan. According to the plan terms, four moneybacks will be given in the annual mode for the past four years.
Max Life Future Genius Education Plan: Reasons to Purchase
Max Life Future Genius Education plan offers many reasons to save for your child’s future.
- Financial Security for Child’s Education Plans
Future Genius Education Plan will ensure your children get the best education possible and reach all their goals, even when you are not there.
- Emergency Planning
Max Life Future Genius Education Plan payouts will help you and your beneficiary deal with emergencies.
- Help for your child’s wedding plans
Max Life Future Genius Education Plan can help you save money if you’ve ever dreamed of a wedding plan specifically for your children.