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Max Life

Future Secure II

Future Secure
A non-linked, Participating, Limited Pay Endowment, Life Insurance PlanUIN: 104N070V02

In the journey of life, there is a commitment waiting at every corner. Securing your child's future, looking after your family's well-being, fulfilling your own desires and ambitions, and planning for a cozy retirement – there are quite a few at every life stage. These commitments are not just about creating a comfortable lifestyle, but also ensuring a protection against unforeseen events in the future.

At Max Life Insurance, we understand the importance of these commitments and believe that a bit of planning today can help you live a financially secured life ahead. Which is why, we bring you the Max Life Future Secure II.

Max Life Future_Secure
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    What this plan offers you


    Summary of Benefits
    When are the benefits applicable?How are the benefits payable?What are the benefits?
    On MaturityIf the policy is in force and the Life Insured survives the policy termSum total of :
    On DeathIf the policy is in force and the Life Insured diesOn death, during the term of the policy, the nominee will receive an amount which is sum total of:
    subject to a minimum of 105% of total premiums paid as on date of death.

    In case the death of the life insured happens by an accident, the nominee will receive an additional amount equal to 50% of the sum assured

    The policy will come to an end in case of the unfortunate death of the Life Insured, irrespective of whether the proposer is alive or dead and the benefits will be paid out immediately.
    On Death of the Proposer during the Policy term (in case of Life Insured is a minor) Policy Continuance Benefit : Where the Life Insured and the Proposer are two different individuals, in the event of the proposer's unfortunate death during the premium payment term (in case of a premium paying policy), the policy will continue as before with all future premiums being waived.

    Participation in bonuses will continue and the maturity benefit will be paid to the nominee/appointee at the end of the policy term.

    The Policy Continuance Benefit is applicable only if the entry age of the Life Insured is less than 18 years and that of the Proposer is not more than 60 years.

    This benefit will continue even if the Life Insured attains majority during the tenure of the contract. If the age at entry is greater than 18 years, the Life Insured and the Proposer cannot be two different individuals.

    Post death of the Proposer, certain rights such as surrender, change of nomination, assignment cannot be exercised until the child attains majority.

    Where the Proposer is different from the Life Insured, the established principle of insurable interest has to be met.

    Post the death of the Proposer, the policy cannot be surrendered until the child attains majority.
    Liquidity Benefit : Loan FacilityAfter payment of three full annual premiums (when cash surrender value gets generated)Policy loan is available under this product upto a maximum of 80% of the special surrender value as per existing terms and conditions of Policy Loans of Company.

    Key features

    BonusesEvery year starting from the end of the second policy yearThis plan has a compound reversionary bonus. Reversionary bonuses help in increasing the sum assured and hence the insurance cover increases. The reversionary bonus declared in any year is a percentage of the base sum assured and cumulative reversionary bonuses declared in the previous policy years. Reversionary Bonuses are declared from the end of year two onwards, and once accrued, are guaranteed for the life of the contract.
    Bonuses are NOT guaranteed and may be declared at the sole discretion of the Company.
    Terminal BonusOn earlier of Death, Surrender, or MaturityTerminal bonus is an additional bonus paid only ONCE, on the earlier of death surrender or maturity if the policy has been in force for at least ten (10) years.

    Are you eligible?

    Plan Summary
    Minimum/ Maximum Age at Entry of Life Insured1 year to 55 years (Age Last Birthday)
    Proposer (if the Life Insured is a minor): 18 to 60 years (Age Last Birthday)
    Maximum Maturity Age75 years
    Policy Term20 years
    Premium Payment Term12 years
    Minimum Sum Assured Rs. 150,000 (Subject to a minimum annual premium of Rs. 12,500 excluding service tax and extra mortality premium)
    Maximum Sum Assured Rs. 2 Cr
    Premium Payment ModeAnnual Only

    How the plan works?

    Mr. Kumar is 35-year-old salaried employee. Mrs. Kumar, age 32, is a homemaker. Three years ago they were blessed with a beautiful daughter, Ananya, who is currently in a play school. Mr. Kumar has always wished that his daughter receives top-quality education and becomes a successful and independent career woman. He wants to save to guarantee best- in-class higher education for Ananya.

    He takes Max Life Future Secure II with his 3-year-old daughter as the Life Insured, for a Sum Assured of Rs. 500,000 and an annual premium of Rs. 40,545 (exclusive of service tax).

    Total Premium Paid (in 12 years)Sum AssuredMinimum Guaranteed Payout on MaturityTotal Maturity Payout @ 4% (Guaranteed + non-Guaranteed) Total Maturity Payout @ 8% (Guaranteed + non-Guaranteed)
    Rs. 486,540 Rs. 500,000 Rs. 500,000 Rs. 6,27,072 Rs. 9,88,133

    In case of an unforeseen death of Mr. Kumar anytime during the payment term, 'policy continuance benefit' ensures that the policy continues without payment of the due premiums after the date of death. The continued participation in bonuses ensures that Ananya's education savings continue uninterrupted and all the benefits remain intact, enabling Ananya to realize her dreams the way her father envisioned for her.

    • Kindly note that the above case study is only an example and does not in any way create any rights and/or obligations. The actual experience of the policy may be different from what is shown above. The above scenarios are depicted at 4% and 8% assumed rate of investment returns.
    • Bonuses are non-guaranteed and may be declared by the Company from time to time.
    • You may be entitled to certain applicable tax benefits on your premiums and policy benefits. Please note that 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 the tax laws.

    About premium payment

    Pay Premiums for 12 years

    Premium Mode : Max Life's Future Secure II offers only Annual mode of payment.



    Max Life Insurance Co. Limited is a joint venture between Max Financial Services Ltd. and Mitsui Sumitomo Insurance Co. Ltd. Max Life Insurance Co. Ltd., 11th Floor, DLF Square Building, Jacaranda Marg, DLF City Phase II, Gurugram (Haryana) - 122002. For more details on risk factors, terms and conditions, please read sales brochure 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.Life insurance coverage is available in this product.Trade logos displayed above belong to Max Financial Services Ltd. and Mitsui Sumitomo Insurance Co. Ltd. respectively and are used by Max Life Insurance Co Ltd under a license.
    IRDAI - Registration No. 104.
    Max Life/WebInsert/Indigo/FS/March2016/187

    IRDAI clarifies to public that


For more details on risk factors, terms and conditions please read the sales brochure carefully before concluding a sale.

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3 reasons to get this plan

  • Policy continuance benefit in case the life insured is a minor at the time of proposal.
  • Immediate financial support to the family in case of death of the life insured with 100% of Sum Assured along with the accrued bonuses, if any.
  • Additional financial protection in case of death due to accident of the life insured.

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