YOUR FAMILY.

YOUR LIFESTYLE.

STEP UP
TO PROTECT BOTH.
Presenting
MAX LIFE

SMART TOTAL ELITE PROTECTION

Term Plan
Non-Linked, Non-Participating, Individual Pure Risk
Premium Life Insurance Plan | UIN: 104N125V01

Your care for your loved ones knows no limit.

Ensure they are protected for life with our Smart Total Elite Protection Term Plan,
because for them

Max Life Ka Bharosa

Inbuilt Terminal Cover Continuance Free of Cost with Insta Payment on

Illness Cover Benefit# Special Exit Value## Claim Intimation**
What does Max Life Smart Total Elite Protection Term Plan have in store for you?
Every individual’s financial needs are different, and with a host of features
available under Smart Total Elite Protection Term Plan, you can choose the ones
you like and customise your Term Plan from the following options:

Option to pay your Premiums

Death Benefit
as per your convenience

Terminal Illness Cover Continuance Benefit

Insta Payment on Accelerated Critical Illness

Claim Intimation Benefit*

Max Life Waiver of

Accident Cover*
Premium Plus Rider #

Max Life Critical Illness

Special Exit Value
and Disability Rider #

Longer coverage duration:

Choose your own desired
Policy Term with coverage
available up to age 85 years

Disclaimer
*On Payment of Additional Premium.
#
Applicable Riders available on the payment of Additional Premium are Max Life Critical Illness and Disability
Rider| Non-Linked Non-Participating Individual Pure Risk Premium Health Insurance Rider |UIN: 104B033V01
and Max Life Waiver of Premium Plus Rider | A Non-Linked Non-Participating Individual Pure Risk Premium
Health Insurance Rider | UIN: 104B029V04
Plan at a glance

Feature Specification

Coverage All individuals in accordance with Board approved underwriting policy

of the Company.

Minimum / Maximum Minimum Age: - 18 years

Age at Entry Maximum Age: -
(age last birthday) Regular Pay and Limited Pay: - 65 years Pay till 60: - 44 years

Maximum Maturity Age Base Death Benefit: 85 years

(age as on last birthday) Accelerated Critical Illness (ACI) Benefit: 75 years
Accident Cover: 85 years

Minimum Annual Premium Subject to minimum Sum Assured and applicable premium rates.
Please note that all applicable taxes, cesses and levies as imposed by
the Government from time to time are collected over and above the
policy premium.

Maximum Annual Premium No Limit, subject to maximum Sum Assured limits determined in
accordance with the Board approved underwriting policy of the
Company.
Please note that all applicable taxes, cesses and levies as imposed by
the Government from time to time are collected over and the above
policy premium.

Policy Term Benefit Type Minimum Policy Maximum Policy

Term Term
Base Cover 10 Years 67 Years

Accelerated Critical 10 Years 50 Years

Illness (ACI)

Accident Cover 5 Years 67 Years

The Policy Term for ACI Benefit cannot exceed the Premium
Payment Term of Base Cover.
The ACI benefit is not available under Single Pay and 5 Pay
Premium Payment Term of the product.
The Policy Term under Accident Cover shall be same as the
remaining base benefit Policy Term.

Minimum Sum Assured Base Death Benefit

` 1 Crore

Accelerated Critical Illness (ACI) Benefit Option

Minimum: ` 5 Lakhs
Accident Cover Option
Minimum: ` 50,000
Feature Specification

Maximum Sum Assured Base Death Benefit

No Limit, subject to limits determined in accordance with the
Board approved underwriting policy of the Company.
Accelerated Critical Illness (ACI) Benefit Option
Maximum:
ACI benefit: 50 Lakhs
Note:
The ACI Sum Assured chosen at inception can only be in multiple of
Rs. 5 Lakhs
Accident Cover
Maximum:
a) ` 1 Crore

Premium Available Base Available ACI Available Accident

Payment Term Policy Terms Policy Terms Cover Policy
(PPT) Terms
Single Pay 10 Years to 67 Years NA NA

Regular Pay 10 Years to 67 Years 10 Years to 5 Years to

50 Years 67 Years

5 Pay 10 Years to 67 Years NA 10 Years to 67 Years

10 Pay 15 Years to 67 Years 10 Years 10 Years to 67 Years

12 pay 17 Years to 67 Years 10 Years to 12 Years 10 Years to 67 Years

Premium Payment Term 15 Pay 20 Years to 67 Years 10 Years to 15 Years 10 Years to 67 Years
(to be chosen at inception;
cannot be changed Pay till 60
subsequently) The Premium Policy Term should 10 Years to 6 Years to 67 Years
Payment Term be greater than [(60 less Entry Age
will be equal to Premium Payment (Age as on last
[(60 less Entry Term and can be a birthday)]
Age (Age as on maximum of 67 years
last birthday)]

The premium payment term of the base benefit can only be

chosen at policy inception and cannot be changed
subsequently.
Under ACI Benefit, the Premium Payment Term is equal to
the Policy Term.
Under Accident Cover, the premium payment term and
policy term of the accident cover will be subject to the
outstanding premium payment term and policy term of the
base benefit, such that:
Feature Specification

1) At inception, the Accident Cover policy term and premium

payment term shall be same as that of the base cover.
2) Post inception, the accident cover policy term shall be
same as the outstanding term of the base cover. The
accident cover premium payment term shall be the
maximum premium payment term available under
accident cover at the time of opting for this option but not
exceeding the base cover premium payment term.
For e.g. For a 15 pay 50 policy, the Policyholder can opt for the
accident cover (only once) in any of the policy year 1 to policy
year 10 with a premium payment term of:
• At inception: With policy term equal to 50 years and
premium payment term equal to 15 years
• Policy Year 2 and 3: Premium payment term of 12 years, with
policy term same as outstanding base coverage term
• Policy Year 4 and 5: Premium payment term of 10 years,
with policy term same as outstanding base coverage term
• Policy Year 6 to 10: Premium payment term of 5 years, with
policy term same as outstanding base coverage term

Policy loan Policy loan facility is not available under this product.

Premium Payment Modes Annual, Semi – Annual, quarterly & monthly premium
payment modes. The modal factors are as follows:

Modal Factors
Premium Mode Factor
Annual 1.000
Semi - annual 0.513
Quarterly 0.261
Monthly 0.088
The premium payment mode can be changed anytime during
the premium payment term. Any change in premium payment
mode will be effective from or coinciding with the next
premium due date as per the new premium payment mode
selected by the customer.
Sr. Benefits Additional / Brief Description
No. Accelerated
Sum Assured

1 Death Base Max Life Smart Total Elite Protection Term Plan offers level
Benefit sum assured throughout the policy term.

2 Claims Base Empower the nominee to choose the payout mode,

Payout at claims stage:
• Lump sum
• Monthly Income
• Part Lump sum and Part Monthly Income

3 Terminal Accelerated Get free coverage against the diagnosis of Terminal

Illness Illness and accelerate& payout of ` 1 Crore. No additional
Premium to be paid.

4 Special NA Option to receive all premiums paid back, in any policy year
Exit Value starting from the 30th policy year, but not during the last 4
policy years. No additional premium to be paid (free of cost)

5 Cover NA The Policyholder is allowed to defer the due premium for a

Continuance period of up to 12 months from the due date, while maintaining
Benefit the full risk cover under the base plan and attached riders (if
any). This option is allowed to be exercised after completion
of 3 policy years provided all due premiums have been paid
and the policy is in-force.

6 Insta Payment
@ An accelerated benefit of 2 Lakhs out of guaranteed death
Accelerated
on Claim benefit shall be payable within 1 working day from claim
Intimation registration date provided all mandatory documents are
submitted. The subsequent pay out shall be made after the
claim is approved.
7 Critical Accelerated Enhance your Life Cover, with an additional health cover, and
Illness$ an accelerated& Lump sum payout, incase the Life Insured is
diagnosed with any of the 40 Critical Illnesses.

8 Accident Cover$ Additional Additional coverage against the risk of Accidental Death.

9 Waiver of NA Comprehensive protection (waiver of future Premiums)

Premium against Death, Disability and Critical Illness.
Plus Rider%
10 Critical Illness NA Comprehensive coverage against the risk of Critical Illness
and Disability and Disability.
Rider%

$
On payment of Additional Premium.
&
Accelerated sum assured is the sum assured paid and reduced from the base sum assured.
@
In case of repudiation / rejection of claim, the amount will be recovered from the nominee.
%
Applicable Riders available on the payment of Additional Premium are Max Life Critical Illness and Disability Rider
| Non-Linked Non-Participating Individual Pure Risk Premium Health Insurance Rider |UIN: 104B033V01 and Max
Life Waiver of Premium Plus Rider | A Non-Linked Non-Participating Individual Pure Risk Premium Health
Insurance Rider | UIN: 104B029V04
 How this plan works?

Scenario 1

Mr. Rahul, a 30-year-old non-smoker, wishes to ensure the financial security

of his family’s future in case of an eventuality. He opts for the Regular Pay
Variant of the Max Life Smart Total Elite Protection Term Plan and
pays an Annualised Premium ### of ` 20,348 with a Sum Assured of ` 2
Crore. His Policy Term is of 40 years. However, he meets an eventuality in
the 6 th policy
year. Let’s see how this plan helps Mr. Rahul fulfil his wish and allows his
family to continue leading the same lifestyle in his absence.

Mr. Rahul 30 year old

Mr. Rahul meets with

an eventuality at the end of
Pays ` 20,348 p.a. for 40 years 6 th policy year. His nominee
receives the Sum Assured of
` 2 Crores and the policy terminates

0 1 2 3 4 5 6 10 20 30 40

Policy Years

Important Notes:
1. Kindly note that the above case studies are only examples and do not in anyway create any rights and / or obligations.
2. Premium shown in all of the above illustrations is exclusive of GST.
###
Annualised Premium means the Premium amount payable in a year chosen by the Policyholder, excluding the taxes, Rider
Premiums, underwriting extra Premiums and loadings for modal Premiums, if any.

Your care for your loved ones knows no limit.

Ensure they are protected for life with our Smart Total Elite Protection Term Plan.

*
`
A S S E TS U N D E R
MANAGEMENT
WI N N I N G T RU S T
EV ERY D AY

^Individual Death Claims Paid Ratio as per Audited Financials for FY 2022-2023 | *As per Public Disclosures 2022.
The Premiums shown are applicable for Offline mode and for a non - smoker purchasing Max Life Smart Total Elite Protection Term Plan.
#
The policyholder is allowed to defer the due premium for a period of up to 12 months from the due date, while maintaining the full risk cover under the base plan and attached riders, if any, without late fees or interest subject to certain terms and
conditions.
**An accelerated benefit of 2 Lakhs out of the base sum assured is payable upon intimation of death, subjected to certain term and conditions as mentioned in the policy contract. In case of repudiation / rejection of claim, the amount will be recovered from
the nominee.
##
Get back all the premiums paid back with Special Exit Value. This can be exercised in any policy year starting 30th policy year, but not during the last 4 policy years. Not available for policy term less than 40 years.
Max Life Insurance Company Limited is a Joint Venture between Max Financial Services Limited and Axis Bank Limited. Corporate Office: 11 th Floor, DLF Square Building, Jacaranda Marg, DLF City Phase II, Gurugram
(Haryana) - 122 002. 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. Ltd. You can call us on our Customer Helpline No. 1860 120 5577. Website:
www.maxlifeinsurance.com
IRDAI Regn. No.: 104
ARN: Max Life/FCB/Marketing/STEP Term Plan/Leaflet/November 2023

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