College education is the most critical juncture of your child’s life; it’s the
first time that your child moves out from the sheltered school life into the
real world. It is most important that this college education experience is the
very best for your child as it will be the defining phase that will shape their
future. Therefore it is essential that you start planning for your child’s
professional education at the earliest, as the earlier you start, the better it
will be towards meeting the needs of your child’s higher education. Presenting
Max Life College Plan, a traditional participating, money back Life Insurance Plan that guarantees payouts in the most critical years of your child's college
education and helps you secure your child’ future.
Download Max Life College Plan Brochure
- Fund your child’s college education
To help fund your child’s college education, there will be Guaranteed payout
from age 18-21. A total of 120% of sum assured
- Protect your child’s college fund
against any eventuality
In Max Life College Plan, a Money Back Life Insurance Plan, the policy
continuance is assured in case of Payor* meeting with death or Total and
Permanent disability through the Payor rider. This guarantees your child’s
college fund and helps protect it against all emergencies.
*Payor means a person/ policyholder who has purchased a policy on the life of
juvenile below the age of 18 years
- Save extra during your child’s schooling
days to fund higher education
The plan comes with a limited premium payment term up to child’s age 18, so you
pay premiums only till he/she turns 18 and get guaranteed payouts for their
college education from age 18-21.
- Boost your child’s college education
fund through compounding effect of bonuses
From the 2nd year of policy, your child’s college education fund will get a
further boost with bonus amounts added each year into the policy corpus which in
turn gets compounded every year.
In addition to this, there is also a possibility that the company declares a
further bonus (called ‘Terminal Bonus’ applicable for policies in force for at
least 10 years or more) on this amount to increase your child’s college fund
even more. This will accrue to a significant amount on policy maturity to fund
your child’s education.