Flexi Fortune

Key Features:

• Flexibility to choose your own life cover, policy tenure, investment strategy, and premiumA regular payment made to the insurance company to keep the policy in force. payment term.
• Protection against market volatility with the Systematic Transfer Plan (STP).
• Progressively increasing sum assuredThe sum assured is the minimum amount payable to the assured or his/her dependants on the death of the life assured. for increasing liabilities without additional underwriting.
• Flexibility to make partial withdrawals to meet any unplanned expenses.
• Flexibility to opt for additional protection by choosing riderAn attachment to a policy that modifies its conditions by expanding or restricting benefits or excluding certain conditions from coverage. options - Personal Accidental Benefit (PAB) riderAn attachment to a policy that modifies its conditions by expanding or restricting benefits or excluding certain conditions from coverage. and Dread Disease (DD) riderAn attachment to a policy that modifies its conditions by expanding or restricting benefits or excluding certain conditions from coverage..

Progressive Auto Cover Enhancement (PACE):

Automatic increase of sum assuredThe sum assured is the minimum amount payable to the assured or his/her dependants on the death of the life assured. by 10% of base initial sum assuredThe sum assured is the minimum amount payable to the assured or his/her dependants on the death of the life assured. starting second year till the end of policy termIt is the number of years the policy will be active.. This feature is provided without any further increase in premiumA regular payment made to the insurance company to keep the policy in force. or additional underwriting.

Flexibility to Choose Sum AssuredThe sum assured is the minimum amount payable to the assured or his/her dependants on the death of the life assured.:

Based on the protection needed, there is a choice of sum assuredThe sum assured is the minimum amount payable to the assured or his/her dependants on the death of the life assured. available which can vary from 10/20/30 times the Annual Target PremiumA regular payment made to the insurance company to keep the policy in force. (ATPAnnual Target Premium) basis the age of the proposer.

Systematic Transfer Plan (STP):

Provides protection against market volatilities. Annual target premiums received, net of PremiumA regular payment made to the insurance company to keep the policy in force. Allocation Charge is allocated first to Secure Plus Fund and thereafter on each subsequent 11 monthly anniversaries, 1/12^th of initial units purchased are automatically switched to Growth Super Fund without being counted as a switch. Please note the STP option is available only if premiumA regular payment made to the insurance company to keep the policy in force. payment mode chosen is "Annual."

Benefits:

Maturity Benefit:

Upon maturity, policyholder is eligible to an amount equal to Fund ValueThe monetary value of a fund, calculated by adding up the value of its underlying assets. The price of units in a unit trust, for instance, is worked out from the value of all its holdings in other quoted companies, adding them together, and dividing the sum by the number of units issued..

Fund ValueThe monetary value of a fund, calculated by adding up the value of its underlying assets. The price of units in a unit trust, for instance, is worked out from the value of all its holdings in other quoted companies, adding them together, and dividing the sum by the number of units issued. = Accumulated Units X Prevailing NAV on maturity date

Death Benefit:

Upon death of the life insured before prior to maturity of policy, an amount equal to Sum AssuredThe sum assured is the minimum amount payable to the assured or his/her dependants on the death of the life assured. + Fund ValueThe monetary value of a fund, calculated by adding up the value of its underlying assets. The price of units in a unit trust, for instance, is worked out from the value of all its holdings in other quoted companies, adding them together, and dividing the sum by the number of units issued. on date of death will be paid to the nomineeA person or firm into whose name the policy is transferred in order to facilitate transactions, while leaving the customer as the actual owner..

Example:

Mr. Sharma is 30 years old and wants to secure a fulfilling future for his family. He buys Max Life Flexi Fortune for a term of 20 years and a premiumA regular payment made to the insurance company to keep the policy in force. payment term of 15 years with a yearly premiumA regular payment made to the insurance company to keep the policy in force. of Rs. 24,000. However, his risk appetite is moderate, so he chooses the Balanced Fund Option and has life cover in multiples of 10. Mr. Sharma can get a maturity value of Rs. 9,78, 318 at 10% rate of returnThe gain or loss on an investment over a specified period, expressed as a percentage increase over the initial investment. or Rs. 5,69,722 at 6% rate of returnThe gain or loss on an investment over a specified period, expressed as a percentage increase over the initial investment.*.

*The given examples do not create any rights and/or obligations. The actual experience on the contract may be different from given above. The guaranteed and non-guaranteed benefits are applicable only if all due premiums are paid. The premiums mentioned are exclusive of service tax.

Sample Customised Plans:

Click here to view a Sample Customised Plan

Max Life Flexi Fortune provides you with an array of expertly managed funds, befitting all types of risk profiles.

*Under this fund, the declared NAV will not be less than the previous day declared NAV for which a cost of guarantee charge of 0.35% p.a. is levied and is included within the FMC of 1.25% p.a.

**This fund is available only with STP option only.

PremiumA regular payment made to the insurance company to keep the policy in force. Payment Term : Limited Pay

Policy Term : 10/15/20 years

PremiumA regular payment made to the insurance company to keep the policy in force. Payment Mode:

Annual, Semi-Annual, Quarterly, and Monthly.
Please note that Quarterly and Monthly modes are allowed through ECS (electronic clearing service) only.

Minimum Annual Target PremiumA regular payment made to the insurance company to keep the policy in force.:

5 pay / 10 year term: Rs. 50,000 for all modes
10 / 15 pay: Rs. 24,000 for Annual mode
Rs. 36,000 for Semi Annual, Quarterly and Monthly modes

Maximum Annual Target PremiumA regular payment made to the insurance company to keep the policy in force. : Rs. 1,00,000 for all modes

Max Life Flexi Fortune offers the following riderAn attachment to a policy that modifies its conditions by expanding or restricting benefits or excluding certain conditions from coverage. options to customize your plan as per your needs:

Max Life Dread Disease RiderAn attachment to a policy that modifies its conditions by expanding or restricting benefits or excluding certain conditions from coverage.: (UIN: 104C010V02)

Max Life Dread Disease Rider Rates

Max Life Personal Accident Benefit RiderAn attachment to a policy that modifies its conditions by expanding or restricting benefits or excluding certain conditions from coverage.: (UIN: 104C007V02)

Max Life Personal Accident Benefit Rider Rates