Investment Meaning | Types & Objectives | Max Life Insurance (2023)

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Max Life Insurance Company Limited is a Joint Venture between Max Financial Services Limited and Axis Bank Limited.

Corporate Office :Max Life Insurance Co. Ltd. 11th Floor, DLF Square Building, Jacaranda Marg, DLF City Phase II, Gurugram (Haryana) - 122002.

Operation Center :Max Life Insurance Co. Ltd, Plot No. 90-C UdyogVihar, Sector 18, Gurugram (Haryana) - 122015.

Customer Helpline: 1860 120 5577 (9:00 A.M to 6:00 P.M Monday to Saturday) * Call charges apply.

Online Helpline - 0124 648 8900 (09:00 AM to 09:00 PM Monday to Saturday).

Email ids:


Max Life Insurance is integrated with licensed NBFC FinVu(Cookiejar Technologies Pvt. Ltd. for sharing policy details with regulated Financial Information Users within the Account Aggregator ecosystem after obtaining the Policy holder's consent. Read more about Account Aggregator framework here.

*Life insurance coverage is available in this product. For more details on risk factors, Terms and Conditions please read the prospectus carefully before concluding a sale. You may be entitled to certain applicable tax benefits on your premiums and policy benefits. Please note all the tax benefits are subject to tax laws prevailing at the time of payment of premium or receipt of benefits by you. Tax benefits are subject to changes in tax laws. Trade logo displayed belongs to Max Financial Services Ltd. and Axis Bank Ltd. respectively and with their consents, are used by Max Life Insurance Co.

Insurance is the subject matter of solicitation. For more details on the risk factors, Terms and Conditions, please read the sales and rider prospectus carefully before concluding a sale. Tax benefits are eligible for tax exemption on fulfilling conditions mentioned under Section 10(10D) of income tax act 1961. Tax exemptions are as per our understanding of law and as per prevailing provisions of income tax at 1961 . Policy holders are advised to consult tax expert for better clarification /interpretation. Please note that all the tax benefits are subject to tax laws at the time of payment of premium or receipt of policy benefits by you. Tax benefits are subject to changes in tax laws. The monthly Income Benefit and Terminal Benefit may be taxable subject to extra premium being loaded at underwriting stage.

Disclaimers for Market Linked Plans & Saving plans:

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Unit Linked Insurance Products (ULIPs) are different from the traditional insurance products and are subject to the risk factors. The premium paid in the Unit Linked Life Insurance Policies is subject to investment risks associated with capital markets and the NAVs of the units may go up or down based on the performance of fund and factors influencing the capital market and the insured is responsible for his/her decisions. Max Life Insurance is only the name of the insurance company and Max Life Online Savings Plan (UIN: 104L098V03) is only the name of the unit linked life insurance contract and does not in any way indicate the quality of the contract, its future prospects or returns. Please know the associated risks and the applicable charges from your Insurance advisor or the Intermediary or policy document of the insurer. The various funds offered under this contract are the names of the funds and do not in any way indicate the quality of these funds, their future prospects or returns.

Max Life Smart Wealth Plan is a Non-Linked Non-Participating Individual Life Insurance Savings Plan (UIN 104N116V04)

*#Some benefits are guaranteed and some benefits are variable with returns based on the future performance of your Insurer carrying on life insurance business. The assumed rates of return (4% p.a. and 8% p.a.) shown in the illustrative example are not guaranteed and they are not the upper or lower limits of what you might get back as the value of your Policy depends on a number of factors including future investment performance. The guaranteed and non-guaranteed benefits are applicable only if all due premiums .The Maturity Benefit shown in the illustrative example are inclusive/exclusive of taxes.

#^ The guaranteed benefits are applicable only if all due premiums are paid.

#* Tax benefits as per prevailing tax laws, subject to change.

*(a) "Protect a smile" initiative is applicable for all term plans i.e. Max Life Five Year Renewal & Convertible Term Insurance (Non Participating)- 104N001V01; Max Life Easy Term Policy- 104N002V01; Max Life Level Term Policy (Non-Participating/Non-Convertible)- 104N009V01; Max Life Platinum Protect-104N060V01; Max Life Platinum Protect II-104N060V02; Max Life Premium Return Term Plan- 104N069V01; Max Life Online Term Plan-104N078V01; Max Life Premium Return Protection Plan- 104N083V01; Max Life Smart Term Plan-104N113V01.

(b)1 year education of an under privileged child will be funded as part of Max Life CSR initiatives.

Privacy Policy

**Standard Premium For 24-Year Old Healthy Male, Non-Smoker, 25 Years Policy Term, 25 Year Premium Payment Term (exclusive of GST) for Max Life Smart Secure Plus Plan (UIN: 104N118V02)

^^On completion of policy term

# The savings indicated is the maximum premium difference as compared with offline plan & depends on the variant purchased.

^*All claims that qualify for InstaClaim™ will be paid within 1 working day from date of submission of all mandatory documents else Max Life will pay interest at Bank Rate as on beginning of financial year in which claim has been received (4.65 % p.a. for FY’20) for every day of delay beyond one working day. Interest shall be at the bank rate that is prevalent at beginning of the financial year in which death claim has been received.

(Video) Investment Objectives

Claims for policies completed 3 continuous years. All mandatory documents should be submitted before 3:00pm on a working day.Claim amount on all eligible policies4 is less than Rs. 1 Crore. Claim does not warrant any field verification.Mandatory Documents :> Original policy document > Original/attested copy of death certificate issued by local municipal authority > Death claim application form (Form A) > NEFT mandate form attested by bank authorities along with a cancelled cheque or bank account passbook along with nominee's photo identity proof > Discharge/Death summary attested by hospital authorities or FIR & Post Mortem Report/viscera report (in case of accidental death)

~@ Age 30: Standard premium for 30 year old Healthy male, 1Cr life cover, 25 years policy term, 25 years premium payment term (exclusive of GST) for Max Life Smart Secure Plus Plan (UIN: 104N118V02)

Age 35: Standard premium for 35 year old Healthy male, 1Cr life cover 25 years policy term, 25 years premium payment term (exclusive of GST) for Max Life Smart Secure Plus Plan (UIN: 104N118V02)Disclaimer for 5% salaried discount

7CMO Asia BFSI Excellence Award 2019

5Criteria applicable only for “Term plans” for Graduate, Indian resident with declared income >= 10 lacs with CIBIL score >= 650 (salaried) and >= 700 (self-employed) with no disclosed medical condition

4InstaClaim TM is available for all versions of Max Life Online Term Plan (UIN 104N078V01); Max Life Smart Term Plan (UIN: 104N113V01 / 104N113V02/ 104N113V03/104N113V04) and Max Life Smart Secure Plus Plan (UIN:104N118V02). Mandatory Documents : • Original policy document • Original/attested copy of death certificate issued by local municipal authority • Death claim application form (Form A) • NEFT mandate form attested by bank authorities along with a cancelled cheque or bank account passbook along with nominee's photo identity proof • Discharge/Death summary attested by hospital authorities or FIR & Post Mortem Report/viscera report (in case of accidental death)

Tax conditions :

## Save 46,800 on taxes if the insurance premium amount is Rs.1.5 lakh per annum and you are a Regular Individual, Fall under 30% income tax slab having taxable income less than Rs. 50 lakh and Opt for Old tax regime ~# Save 54,600 on taxes if the insurance premium amount is Rs.1.5 lakh per annum for life cover and 25,000 for critical illness cover and you are a Regular Individual, Fall under 30% income tax slab having taxable income less than Rs. 50 lakh and Opt for Old tax regime.

3The discount is applicable if you are a salaried employee with a corporate. During policy issuance, Max Life may call for proof of employment if required. In case proposer when asked is not able to prove the employment part, discount offer will be discontinued and additional premium as applicable will have to be paid for processing of the case.

CI Rider disclaimers:

MAX LIFE CRITICAL ILLNESS AND DISABILITY RIDER (UIN- 104B033V01) available as a rider on payment of additional premium.

>Extended cover of up to 85 years is available with gold and platinum variant only

@ 64 critical illnesses covered in platinum and platinum plus variant on payment

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22 critical illnesses covered in gold and gold plus variant

6 The life insurer is eligible for a discount on renewal premium under regular pay variant by accumulating Healthy Weeks as per terms and conditions of the rider

*^Total premiums paid inclusive of any extra premium but exclusive of all applicable taxes, cesses or levies and modal extra. Return of premium option is available on payment of additional premium.

Max Life Smart Secure Plus Plan (UIN: 104N118V02) A Non Linked Non Participating Individual Pure Risk Premium Life Insurance Plan

~ Conditions for premium break : Available at an additional premium for policies with policy term greater than 30 years and premium payment term greater than 21 years. Option to skip paying premium for 12 months. 2 premium breaks will be available during the premium payment term separated by an interval of at least 10 years

~1 Conditions for Special exit value:

Option to receive all premiums paid back, at a specified point in the term of the policy (free of cost). Available when Return of Premium variant is not chosen. No additional premium to be paid.

~2 Voluntary Top-up Sum assured:

Option to double your insurance cover, basis underwriting, at the time of your need by increasing your sum assured up to an additional 100% of base sum assured, chosen at inception

^^*^^Free look period conditions:

The policyholder has a period of 30 days from the date of receipt of the policy document, to review the terms and conditions of the Policy, where if the policyholder disagrees to any of those terms or conditions, he / she has the option to return the Policy stating the reasons for his objections. The policyholder shall be entitled to a refund of the premiums paid, subject only to deduction of a proportionate risk premium for the period of cover and the expenses incurred by the company on medical examination of the lives insured and stamp duty charges.

^As per annual audited financials for the FY 21-22


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2 Total premium will be charged at the time of the policy issuance (subject to underwriting’s decision).

3The guaranteed benefits are available with selected life insurance plans & are applicable if all due premiums are paid

4Tax benefits as per prevailing tax laws, subject to change

Terms and conditions for availing 5% employee discount:

<Due to system constraints, employee is requested to select 5 Lakh and above income which can be changed to actual amount on the information page.

1 The 5% employee discount will be refunded to you once your policy is issued. Submit your documents for getting your policy issued and get 5% employee discount

9 The percentage savings is for a regular pay Max Life Smart Secure Plus Plan ( A Non Linked Non Participating Individual Pure Risk Premium Life Insurance Plan, UIN - 104N118V02)– Life Option for 1 cr life cover for a 35 year old, non-smoker male for a policy term of 40 years vs a 10 year policy term with the same details’

·For Total Installment Premium -** Total Installment Premium is the Premium payable as per premium paying frequency chosen, it excludes GST and applicable taxes, cesses or levies, if any; and includes loadings for modal premiums, Underwriting Extra Premium and Rider Premiums if any.

·For Return of Premium -~The Return of Premium Option is available on payment of Additional Premium. Premium does not include amount paid for riders and is excluding taxes, cesses and levies. Upon Policyholder's selection of Return of Premium variant this product shall be a Non-Linked Non-Participating Individual Life Insurance Savings Plan.

·For Riders -#Applicable Rider available on the payment of Additional Premium is Max Life Critical Illness and Disability Rider | Non-Linked Non-Participating Individual Pure Risk Premium Health Insurance Rider |UIN: 104B033V01 . Critical Illness and Disability Rider variant opted is Platinum Plus which covers 64 critical Illnesses. The rider cover will only be paid in scenarios where customer is diagnosed with listed 64 critical illnesses or total and permanent disability. Rider will terminate after major critical illness claim is paid to the policyholder. In case customer requests for cancellation of rider only, the solution as a whole will be cancelled and not just the individual rider.

·For Additional Benefits -##On Payment of Additional Premium. The accident cover will only be paid in scenarios where death occurs due to accident.

ARN - ARN/Web/01/21042021


What should I put for investment objective? ›

Safety, income, and capital gains are the big three objectives of investing. But there are others that should be kept in mind when they choose investments. Tax Minimization: Some investors pursue tax minimization as a factor in their choices.

What is investment and what are the objectives of investment? ›

Investment definition is an asset acquired or invested in to build wealth and save money from the hard earned income or appreciation. Investment meaning is primarily to obtain an additional source of income or gain profit from the investment over a specific period of time.

What are the 3 types of investment and explain each? ›

There are three main types of investments: Stocks. Bonds. Cash equivalent.

What are the 4 types of investments? ›

There are four main investment types, or asset classes, that you can choose from, each with distinct characteristics, risks and benefits.
  • Growth investments. ...
  • Shares. ...
  • Property. ...
  • Defensive investments. ...
  • Cash. ...
  • Fixed interest.

What is a good example of an investment? ›

An investment can refer to any mechanism used for generating future income. This includes the purchase of bonds, stocks, or real estate property, among other examples. Additionally, purchasing a property that can be used to produce goods can be considered an investment.

What are the 3 best investments? ›

Here are the best low-risk investments in January 2023:

High-yield savings accounts. Series I savings bonds. Short-term certificates of deposit. Money market funds.

What is the meaning of investment? ›

An investment is an asset or item accrued with the goal of generating income or recognition. In an economic outlook, an investment is the purchase of goods that are not consumed today but are used in the future to generate wealth.

What are the objectives of investment policy? ›

A written investment policy is the single most important element in a public funds investment program. – Defines primary objectives: safety, liquidity, and yield. – Sets forth types and characteristics of eligible instruments, the investment process, and the management of a portfolio.

What are investments in simple words? ›

In simple terms, what is investing? Investing is putting your money into assets, such as stocks or bonds, with the expectation that your money will grow. That's it.

What are the types of investment? ›

Different Types of Investments
  • Mutual fund Investment. ...
  • Stocks. ...
  • Bonds. ...
  • Exchange Traded Funds (ETFs) ...
  • Fixed deposits. ...
  • Retirement planning. ...
  • Cash and cash equivalents. ...
  • Real estate Investment.

What are the three 3 key elements of an investment strategy? ›

There are three key factors that determine which investment strategy is right for you.
  • Risk tolerance.
  • Expected returns.
  • Effort required to implement the strategy.

What are the 3 components of investment? ›

The overall level of investment depends on three factors: (i) the investment demand of firms, (ii) the funds available for market, and (iii) the volume of investment goods produced. Interest rates and the prices of investment goods move to balance the three factors.

What are the 5 investment types? ›

10 Common Types of Investments and How They Work
  • Stocks. Stocks, also known as shares or equities, might be the most well-known and simple type of investment. ...
  • Bonds. ...
  • Mutual Funds. ...
  • Exchange-Traded Funds (ETFs) ...
  • Certificates of Deposit (CDs) ...
  • Retirement Plans. ...
  • Options. ...
  • Annuities.
Jan 7, 2023

What are the types of investment and give example? ›

There are various types of investments: stocks, bonds, mutual funds, index funds, exchange-traded funds (ETFs) and options.

What is the best type of investment? ›

12 best investments right now
  • High-yield savings accounts.
  • Certificates of deposit (CDs)
  • Money market funds.
  • Government bonds.
  • Corporate bonds.
  • Mutual funds.
  • Index funds.
  • Exchange-traded funds (ETFs)
Dec 19, 2022

Is Insurance is an investment? ›

Is Insurance an Investment? Traditional insurance is technically an investment in the sense that you're putting away money to help you or your family when an unexpected incident could set you back financially. Technically, it's an investment on your family's financial security.

What is the greatest investment in life? ›

You are your greatest investment. The more you store in that mind of yours, the more you enrich your experience, the more people you meet, the more books you read, and the more places you visit, the greater is that investment in all that you are.

Why is investment important? ›

Why investing matters. Investing is an effective way to put your money to work and potentially build wealth. Smart investing may allow your money to outpace inflation and increase in value. The greater growth potential of investing is primarily due to the power of compounding and the risk-return tradeoff.

What are the 3 safest investment types? ›

For example, certificates of deposit (CDs), money market accounts, municipal bonds and Treasury Inflation-Protected Securities (TIPS) are among the safest types of investments.

Which is the best and safest investment? ›

11 Safe Investments With High Returns to Consider in 2022-23
  • Introduction.
  • Investment Types.
  • Fixed Deposits (FD)
  • Public Provident Fund (PPF)
  • ABSLI Fixed Maturity Plan.
  • Unit Linked Insurance Plan (ULIP)
  • Post Office Monthly Income Scheme (POMIS)
  • Senior Citizen Savings Scheme (SCSS)
Dec 8, 2022

What are the three types of investment goals and objectives of mutual funds? ›

Three words are commonly used to describe the objectives of mutual funds: growth (also known as capital appreciation), income, and preservation of capital. Investors should always read about a mutual fund's objective in its prospectus to make sure that it is a good fit with their personal investment objectives.

What is the meaning of investment policy? ›

An investment policy describes the parameters for investing government funds and identifies the investment objectives, preferences or tolerance for risk, constraints on the investment portfolio, and how the investment program will be managed and monitored.

What is investment sentence? ›

a : the act of using money to earn more money : the act of investing money. [noncount] He became wealthy by shrewd investment of his money in the stock market. She got a good return on her investment. [=her investment earned a good profit]

What are the 5 steps of investment process? ›

  • Step 1: Assess your risk tolerance. Conservative? ...
  • Step 2: Diversify your investment. Balancing risk and return is the key to long-term investment. ...
  • Step 3: Have a plan for asset allocation. Hit your investment targets with the right approach. ...
  • Step 4: Assess investment performance. ...
  • Step 5: Rebalance your investment portfolio.

What are the important elements of investment? ›

Elements of Investment
  • There are three factors that are considered as elements of investment.
  • a) Reward (return);
  • b) Risk and return; and.
  • c) Time [1]
  • We have seen above that investment is made with the intention to gain profit.
Oct 11, 2022

What are the 5 factors of investing? ›

There are five investment style factors, including size, value, quality, momentum, and volatility. The other type of factor investing looks at macroeconomic factors such as interest rates, inflation, and credit risk.

What type of investment is best for beginners? ›

Mutual funds are considered good investments for beginners because they're professionally managed. This saves time. And because mutual funds and index funds are diverse in nature, they are generally less risky than individual stocks.

What is return objective in investment? ›

3.1 Return Objectives

Return objectives can be stated on an absolute or a relative basis. Absolute: Absolute return is the return a portfolio must achieve over a certain period of time. For example, a client wants to achieve a return of 9% or inflation-adjusted (real) return of 2%.

What is an income investment objective? ›

Investment Objective - Income:

Income investors seek a maximum amount of income given their risk tolerance, and are willing to forgo capital appreciation and growth of income. • Risk Tolerance - Conservative: Conservative Income investors seek the maximum amount of income consistent with a modest degree of risk.

What is investment process? ›

The investment process is divided into 5 phases: From the identification of new projects, then to due diligence to the investment, active ownership and finally the exit.

What are the 4 types of returns? ›

There are different types of income tax return forms depending on the taxpayer's category and income type. Such forms are: ITR 1, ITR 2, ITR 3, ITR 4, ITR 5, ITR 6, and ITR 7. However, one should be cautious before choosing a tax return form to file.


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