Podcast
Questions and Answers
Which benefit is NOT provided by the Max Life Shiksha Plus Super Plan?
Which benefit is NOT provided by the Max Life Shiksha Plus Super Plan?
- Maturity benefits with fund value
- Guaranteed returns after death (correct)
- Death benefits for the nominee
- Tax benefits under section 80C
What is the primary purpose of the Max Life Shiksha Plus Super Plan?
What is the primary purpose of the Max Life Shiksha Plus Super Plan?
- To provide retirement benefits
- To offer a savings account with high interest
- To provide general life insurance coverage
- To secure children's education (correct)
How can policyholders make premium payments for the Max Life Shiksha Plus Super Plan?
How can policyholders make premium payments for the Max Life Shiksha Plus Super Plan?
- Only annual payments
- Single lump-sum payment only
- Monthly, quarterly, half yearly, or annual payments (correct)
- Only quarterly payments
What kind of financial support does the Max Life Shiksha Plus Super Plan provide in the event of the policyholder's death?
What kind of financial support does the Max Life Shiksha Plus Super Plan provide in the event of the policyholder's death?
Which section of the income tax does the Max Life Shiksha Plus Super Plan provide tax benefits under?
Which section of the income tax does the Max Life Shiksha Plus Super Plan provide tax benefits under?
Which statement accurately describes the maturity benefits of the Max Life Shiksha Plus Super Plan?
Which statement accurately describes the maturity benefits of the Max Life Shiksha Plus Super Plan?
What is a key characteristic of the Max Life Shiksha Plus Super Plan as a ULIP?
What is a key characteristic of the Max Life Shiksha Plus Super Plan as a ULIP?
How does the Max Life Shiksha Plus Super Plan support education funding?
How does the Max Life Shiksha Plus Super Plan support education funding?
Which of the following is NOT a mode of premium payment for the Max Life Shiksha Plus Super Plan?
Which of the following is NOT a mode of premium payment for the Max Life Shiksha Plus Super Plan?
What type of tax benefits are associated with the Max Life Shiksha Plus Super Plan?
What type of tax benefits are associated with the Max Life Shiksha Plus Super Plan?
Who receives the death benefits in the event of the policyholder's death under the Max Life Shiksha Plus Super Plan?
Who receives the death benefits in the event of the policyholder's death under the Max Life Shiksha Plus Super Plan?
Flashcards
What guaranteed return benefit does the Max Life Shiksha Plus Super Plan NOT offer?
What guaranteed return benefit does the Max Life Shiksha Plus Super Plan NOT offer?
The Max Life Shiksha Plus Super Plan does not guarantee returns on the investment after the policyholder's death. The plan offers life insurance and a separate investment component.
What's the primary purpose of the Max Life Shiksha Plus Super Plan?
What's the primary purpose of the Max Life Shiksha Plus Super Plan?
The primary purpose of the Max Life Shiksha Plus Super Plan is to help secure a child's education by accumulating a savings fund to cover their future educational expenses.
How can policyholders pay premiums for the Max Life Shiksha Plus Super Plan?
How can policyholders pay premiums for the Max Life Shiksha Plus Super Plan?
Policyholders can pay premiums for the Max Life Shiksha Plus Super Plan on a monthly, quarterly, half-yearly, or annual basis, offering flexibility to suit individual needs.
What financial support does the Max Life Shiksha Plus Super Plan provide after policyholder's death?
What financial support does the Max Life Shiksha Plus Super Plan provide after policyholder's death?
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Under which income tax section does the Max Life Shiksha Plus Super Plan offer tax benefits?
Under which income tax section does the Max Life Shiksha Plus Super Plan offer tax benefits?
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What happens to the fund value when the Max Life Shiksha Plus Super Plan matures?
What happens to the fund value when the Max Life Shiksha Plus Super Plan matures?
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Why is the Max Life Shiksha Plus Super Plan categorized as a ULIP?
Why is the Max Life Shiksha Plus Super Plan categorized as a ULIP?
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How does the Max Life Shiksha Plus Super Plan assist with education funding?
How does the Max Life Shiksha Plus Super Plan assist with education funding?
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What mode of premium payment is NOT offered by the Max Life Shiksha Plus Super Plan?
What mode of premium payment is NOT offered by the Max Life Shiksha Plus Super Plan?
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What type of tax benefits are associated with the Max Life Shiksha Plus Super Plan?
What type of tax benefits are associated with the Max Life Shiksha Plus Super Plan?
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Who receives the death benefits under the Max Life Shiksha Plus Super Plan?
Who receives the death benefits under the Max Life Shiksha Plus Super Plan?
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Study Notes
Max Life Shiksha Plus Super Plan Overview
- A unit linked insurance plan (ULIP) designed to provide financial support for children's education.
- Combines life insurance coverage with investment opportunities.
Key Features and Benefits
- Death Benefits: In the event of the policyholder's death, the nominee is entitled to receive a specified death benefit.
- Tax Benefits: Premiums paid qualify for tax deductions under section 80C of the Income Tax Act, promoting financial planning.
- Maturity Benefits: Upon plan maturity, policyholders receive the fund value accumulated during the policy term.
- Funding for Education: Specifically tailored to meet the rising costs of higher education for children, reinforcing its primary purpose.
Premium Payment Modes
- Offers flexible premium payment options, including:
- Annual
- Half-yearly
- Quarterly
- Monthly
Max Life Shiksha Plus Super Plan Overview
- A unit linked insurance plan (ULIP) designed to provide financial support for children's education.
- Combines life insurance coverage with investment opportunities.
Key Features and Benefits
- Death Benefits: In the event of the policyholder's death, the nominee is entitled to receive a specified death benefit.
- Tax Benefits: Premiums paid qualify for tax deductions under section 80C of the Income Tax Act, promoting financial planning.
- Maturity Benefits: Upon plan maturity, policyholders receive the fund value accumulated during the policy term.
- Funding for Education: Specifically tailored to meet the rising costs of higher education for children, reinforcing its primary purpose.
Premium Payment Modes
- Offers flexible premium payment options, including:
- Annual
- Half-yearly
- Quarterly
- Monthly
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Description
Explore the features and benefits of the Max Life Shiksha Plus Super Plan, a unit linked insurance plan (ULIP) designed to secure children's education financially. This plan offers both life insurance coverage and investment options, along with tax benefits and death benefits for the policyholder's nominee.
