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MAXlife Quotes

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35 views4 pages

MAXlife Quotes

Contact
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
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A Non-linked Non-Participating Individual

Pure Risk Premium Life Insurance Plan


UIN: 104N118V09

MAX LIFE SMART SECURE PLUS PLAN Here is a personlized illustration for you
(LIFE COVER, SINGLE PAY) that showcases how this plan will
benefit you
Mr.

Total Installment Premium (Excl In case of your untimely demise


GST)** : `6,12,397 Death Benefit : `1,00,00,000

Sum Assured : `1,00,00,000 Receive `0 (All your


premiums back at maturity)

Your Policy You have opted for single pay, wherein you will pay premium just once Policy
Starts Coverage Ends
Year 1 Year 47
Age 33 Years Age 79 Years

^
Individual Death Claims Paid Ratio as per Audited Financials for FY 2023-2024 | * As per Public Disclosures for FY 2023-2024.
LIFE INSURANCE COVERAGE IS AVAILABLE IN THIS PRODUCT.
**
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.
Max Life Insurance Company Limited is a joint venture between Max Financial Services Limited and Axis Bank Ltd. Max Life Insurance Co. Ltd., Corporate Office: 11th Floor, DLF Square Building, Jacaranda Marg, DLF City Phase II, Gurugram - 122 002(Haryana).
Insurance is a subject matter of solicitation. For more details on risk factors, Terms and Conditions, please read the sales prospectus carefully before concluding a sale. 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. Customer Helpline Number: 1860 120 5577. Website: www.maxlifeinsurance.com, SMS 'LIFE' to 5616188.

ARN - Max Life/AURAA/Product Marketing/SSPP/ Smart BI/RSA/NTROP/August 2024 IRDAI Regn. No. 104
BEWARE OF SPURIOUS / FRAUD PHONE CALLS!
• IRDAI is not involved in activities like selling insurance policies, announcing bonus or investment of premiums. • Public receiving such phone calls are requested to lodge a police complaint.
BENEFIT ILLUSTRATION
[Date and Time of Illustration – 15 September 2024, 06:59 PM]

Name of the Prospect/Policyholder: Mr. Proposal No:


Age & Gender: 33 Years, Male Name of the Product: Max Life Smart Secure Plus Plan
Name of the Primary Life Assured: Mr. Tag Line: A Non-Linked Non-Participating Individual Pure Risk Premium Life Insurance Plan
Age & Gender: 33 Years, Male Unique Identification No: 104N118V09
Risk Class: Non Smoker GST Rate (Base Policy, First Year): 18.00%
Name of the Secondary Life Assured, if applicable: NA GST Rate (Base Policy, Subsequent Year): 18.00%
Age & Gender: NA GST Rate (Rider, First Year): NA
Risk Class: NA GST Rate (Rider, Subsequent Year): NA
Policy Term: 47 Years
Premium Payment Term: 1 Year Max Life State: Telangana
Amount of Installment Premium: `7,22,629 Policyholder Residential State/Country: Telangana
Mode of payment of premium: Single
This benefit illustration is intended to show year-wise premiums payable and benefits under the policy.
Policy Details
Policy Option Life Cover Sum Assured (in Rs.) 1,00,00,000
Return of Premium Option No Sum Assured on Death (at inception of the policy) (in Rs.) 1,00,00,000

Optional Benefit Details


Optional Benefit Name Applicability/ Opted Sum Assured Coverage Term Payment Term
Accelerated Critical Illness Cover No NA NA NA
Accident Cover No NA NA NA
Joint Life Benefit* No NA NA NA
Premium Break No NA NA NA
*In case of either death or diagnosis with Terminal Illness of the Secondary Life before the death or diagnosis with Terminal Illness of Life Insured, then, an amount of Rs. 10 (Ten) lacs will be paid to the Claimant.
However, if the same happens after the death or diagnosis with Terminal Illness of Life Insured, an amount of Rs.50 (Fifty) lacs will be paid to the Claimant.
Rider Details

Rider Name Applicability/ Opted Sum Assured Coverage Term Payment Term

Waiver of Premium (WOP) Plus Rider No NA NA NA

Critical Illness and Disability Rider No NA NA NA

Premium Summary
Accelerated Critical Waiver of Premium
Accidental Cover Critical Illness and Total Installment
Base Plan Joint Life Illness Cover Benefit Plus Rider
Benefit Disability Rider Premium

Installment Premium without GST (in Rs.) 6,12,397 0 0 0 0 0 6,12,397


Installment Premium with first year GST (in Rs.) 7,22,629 0 0 0 0 0 7,22,629
Installment Premium with GST 2nd year onwards (in Rs.) 0.00 0 0 0 0 0 0.00

UIN: 104N118V09 Max Life Insurance Company Limited having its Corporate Office at 11th Floor, DLF Square, Jacaranda Marg, DLF City, Phase II, Gurugram – 122002 Page 1 of 3
(Amount in Rupees)

Guaranteed Non Guaranteed


Single/ Annualized Premium
Policy Year Min Guaranteed Surrender
Survival Benefits/ Loyalty Special Surrender Value/
Other Benefits, if any Maturity Benefit Death Benefit Value/ Exit Value
Additions Special Exit Value

1 6,12,397 - - NA 1,00,00,000 4,19,557 4,19,557


2 - - - NA 1,00,00,000 4,10,436 4,10,436
3 - - - NA 1,00,00,000 4,01,316 4,01,316
4 - - - NA 1,00,00,000 3,92,195 3,92,195
5 - - - NA 1,00,00,000 3,83,074 3,83,074
6 - - - NA 1,00,00,000 3,73,953 3,73,953
7 - - - NA 1,00,00,000 3,64,832 3,64,832
8 - - - NA 1,00,00,000 3,55,712 3,55,712
9 - - - NA 1,00,00,000 3,46,591 3,46,591
10 - - - NA 1,00,00,000 3,37,470 3,37,470
11 - - - NA 1,00,00,000 3,28,349 3,28,349
12 - - - NA 1,00,00,000 3,19,228 3,19,228
13 - - - NA 1,00,00,000 3,10,107 3,10,107
14 - - - NA 1,00,00,000 3,00,987 3,00,987
15 - - - NA 1,00,00,000 2,91,866 2,91,866
16 - - - NA 1,00,00,000 2,82,745 2,82,745
17 - - - NA 1,00,00,000 2,73,624 2,73,624
18 - - - NA 1,00,00,000 2,64,503 2,64,503
19 - - - NA 1,00,00,000 2,55,383 2,55,383
20 - - - NA 1,00,00,000 2,46,262 2,46,262
21 - - - NA 1,00,00,000 2,37,141 2,37,141
22 - - - NA 1,00,00,000 2,28,020 2,28,020
23 - - - NA 1,00,00,000 2,18,899 2,18,899
24 - - - NA 1,00,00,000 2,09,779 2,09,779
25 - - - NA 1,00,00,000 2,00,658 2,00,658
26 - - - NA 1,00,00,000 1,91,537 1,91,537
27 - - - NA 1,00,00,000 1,82,416 1,82,416
28 - - - NA 1,00,00,000 1,73,295 1,73,295
29 - - - NA 1,00,00,000 1,64,175 1,64,175
30 - - - NA 1,00,00,000 1,55,054 6,12,397
UIN: 104N118V09 Max Life Insurance Company Limited having its Corporate Office at 11th Floor, DLF Square, Jacaranda Marg, DLF City, Phase II, Gurugram – 122002 Page 2 of 3
Guaranteed Non Guaranteed
Single/ Annualized Premium
Policy Year Min Guaranteed Surrender
Survival Benefits/ Loyalty Special Surrender Value/
Other Benefits, if any Maturity Benefit Death Benefit Value/ Exit Value
Additions Special Exit Value

31 - - - NA 1,00,00,000 1,45,933 1,45,933


32 - - - NA 1,00,00,000 1,36,812 1,36,812
33 - - - NA 1,00,00,000 1,27,691 1,27,691
34 - - - NA 1,00,00,000 1,18,571 1,18,571
35 - - - NA 1,00,00,000 1,09,450 1,09,450
36 - - - NA 1,00,00,000 1,00,329 1,00,329
37 - - - NA 1,00,00,000 91,208 91,208
38 - - - NA 1,00,00,000 82,087 82,087
39 - - - NA 1,00,00,000 72,966 72,966
40 - - - NA 1,00,00,000 63,846 63,846
41 - - - NA 1,00,00,000 54,725 54,725
42 - - - NA 1,00,00,000 45,604 45,604
43 - - - NA 1,00,00,000 36,483 36,483
44 - - - NA 1,00,00,000 27,362 27,362
45 - - - NA 1,00,00,000 18,242 18,242
46 - - - NA 1,00,00,000 9,121 9,121
47 - - - NA 1,00,00,000 - -

Notes:
• Annualized Premium includes base policy and additional benefits premium, if opted. It excludes underwriting extra premium, frequency loadings on premiums, the premiums paid towards the riders, if any, and Goods and
Service Tax.
• Guaranteed Death Benefit will be paid to the beneficiary, immediately on death of the Life Insured or diagnosis of terminal illness (capped at sum assured of 1 crore) on the Life Insured, whichever is earlier.

Refer Sales literature (Prospectus) for explanation of terms used in this illustration.

I, ……………………………………………. (name),have explained the premiums, and benefits I, ……………………………………………. (name), having received the information with respect
under the product fully to the prospect / policyholder. to the above, have understood the above statement before entering into the contract.

Place: Signature / Thumb Impression / Electronic Signature of Date:9/15/24 Signature / Thumb Impression / Electronic Signature of
Date: 9/15/24 Agent / Intermediary / Official Prospect / Policyholder
This system generated benefit illustration shall be treated as signed by me.

UIN: 104N118V09 Max Life Insurance Company Limited having its Corporate Office at 11th Floor, DLF Square, Jacaranda Marg, DLF City, Phase II, Gurugram – 122002 Page 3 of 3

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