What is withdrawn plans

Max Life envisions to be the most admired life insurance company by securing the financial future of our customers. The plans and riders listed below have been discontinued by Max Life Insurance. In case, you have any query regarding any of these plans or riders then write to us.

Your session is about to expire! Keep me logged in. The capital gains, though, are taxed on the withdrawn amount. You may also opt for setting up your withdrawal in such a manner that you only draw the gains made on your investment. This keeps your capital invested while, at the same time, you enjoy the gains at a regular interval. With the fixed withdrawal option, you can access a specified amount from your investment on either a monthly, quarterly, bi-annually or annual basis.

With the appreciation withdrawal option, you may withdraw only the appreciated amount at the intervals you prefer. When you choose a systematic withdrawal plan, it affects your mutual fund account as well. It is important to note that an SWP is not the same as opening a fixed deposit account in a bank where you receive monthly interests.

With a fixed deposit, the corpus value is not impacted when you withdraw the interest amount. However, in the case of a systematic withdrawal plan in mutual fund schemes, the value of your fund is reduced by the number of units you withdraw. Also, it may be the case that you have withdrawn your capital invested if your investment has not earned any dividends.

Imagine you have 8, units in your mutual fund scheme, and you wish to withdraw Rs 5, every month through an SWP. Let us assume the net asset value NAV of the scheme is Rs The remaining units in your mutual fund post this withdrawal will be 7, units 8, The mutual fund would be left with 7, units post this withdrawal 7, LIC Jeevan Tarang.

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