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Max Life Life PayTM Money Back is a uniquely designed plan that caters to your present as well as future needs. It offers regular financial assistance so that you can meet your expenses conveniently and secures the balance for your long-term saving needs. With Max Life's Life PayTM Money Back plan, you can always protect your family from financial hardships and fulfill all your dreams without making any compromises.
From third policy year onwards, you may be eligible for bonusDividends paid to shareholders from funds created out of additional profits realised by the company. and these will be paid out, based on your choice of bonusDividends paid to shareholders from funds created out of additional profits realised by the company. options:
However, bonuses are not guaranteed and will be declared by the Company from time to time.
Death after age 10 : Sum assured plus sum assured of paid up additions (without deduction of any money back installments, if alreay paid)
Death before age 10 : Refund of premiumA regular payment made to the insurance company to keep the policy in force. with interest subject to a maximum of SA
In case you are unable to pay your premiums, your policy will lapse and we will utilise the cash valueThe equity amount or \'saving\' accumulation in a whole life policy. to buy you insurance coverage in one of the following ways:
You may be entitled to certain tax benefits on your premiums and benefits. Please note all the tax benefits are subject to tax laws prevailing at the time of payment of PremiumA regular payment made to the insurance company to keep the policy in force. or receipt of benefits by you.
Additional protection is given with 6 riderAn attachment to a policy that modifies its conditions by expanding or restricting benefits or excluding certain conditions from coverage. options available to attach to your policy.
A healthy 35-year-old male buys Max Life Life PayTM Money Back Plan for Sum AssuredThe sum assured is the minimum amount payable to the assured or his/her dependants on the death of the life assured. of Rs 4 Lakh with an annual premiumA regular payment made to the insurance company to keep the policy in force. of Rs 28,168 for 20 years.
Kindly note: The above stated is only an illustration and does not in any way create any rights and / or obligations. The actual experience on the contract may be different from illustrated. The non-guaranteed low and high rates mentioned above relate to assumed investment returns at different rates and may vary depending upon market conditions. The premiumA regular payment made to the insurance company to keep the policy in force. mentioned is exclusive of service tax charges.
A RiderAn attachment to a policy that modifies its conditions by expanding or restricting benefits or excluding certain conditions from coverage. is an attachment to a policy that modifies its conditions by expanding or restricting benefits or excluding certain conditions from coverage. Max Life Life PayTM Money Back Plan offers the riders below to customize your plan as per your needs:
Max Life Dread Disease Rider Rates
Max Life Personal Accidental Benefit Rider Rates
Max Life Term Rider Rates
Max Life Waiver of Premium (WOP) Rider Rates
Max Life Term Renewable and Convertible Rider Rates
Max Life Payor Rider Rates
For more details on risk factors, terms and conditions please read the sales brochure carefully before concluding a sale. Tax benefits are subject to change in tax laws. Liife insurance coverage is available in this product.Insurance is the subject matter of solicitation.
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Copyright © 2009 Max Life insurance Co. Ltd. All Rights Reserved.Registered Office: Max House, 1 Dr. Jha Marg, Okhla, New Delhi - 110020.IRDA - Registration No. 104. Insurance is the subject matter of solicitation ARN/Web/01.An ISO 9001:2008 Certified Company.