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    Term Insurance Benefits

    Term insurance helps you secure your family financially in case you are no longer around. Term insurance plans are considered to be one of the most important types of life insurance plans that one should buy in today’s time. Term insurance not only provides financial protection to your family in the most unfortunate events but also provides you with various other benefits including tax benefits. Check out these term plans benefits below

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    Term Insurance and Investment Plans

    tax-icon.svgTax Savings upto Rs 46,800##
    guard-icon.svg99.34% Claims Paid Ratio^
    discount.svg5% Discount3
    zero-commission.svgZero Commission#~
    tax-icon.svgTax Savings upto Rs 46,800##
    guard-icon.svg99.34% Claims Paid Ratio^
    discount.svg5% Discount3
    zero-commission.svgZero Commission#~

    Term Life Insurance

    ₹ 1 Crore Term Plan

    ₹ 2 Crore Term Plan

    Term Plan @ No Cost~1

    ₹ 3 L Premium Back^

    7.5%6 Guaranteed

    1 Cr Life cover + Premium of Rs.3L* Returned

    With Max Life Term Insurance Plan

    • benefits
      Premiums back~1 on exit
    • benefits
      Tax savings of up to Rs.46,800/-*

    Insure your future, start now.

    Please provide following information correctly as it will be used to calculate your eligibility.

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    *

    Disclaimer :

    Max Life Smart Secure Plus Plan. A non-linked non-participating individual pure risk premium life insurance plan| The premium calculated as per Standard premium for 30 year old healthy male, non-smoker, 40 years policy term, 40 years premium payment term (exclusive of GST) for Max Life Smart Secure Plus Plan and is rounded off from Rs. 3,23,717 . ~1 Condition for special exit value: Option to receive all premiums paid back at the age of 55 years and post which the life cover also gets terminated. Total premiums paid towards the policy (excl. GST) will be the Special Exit Value payable at the age of 55 years in case the policy holder wishes to completely exit the policy. Benefit available with special exit value -Total premium paid inclusive of any extra premium but exclusive of all applicable taxes, cesses or levies & modal extra. the total premiums paid plus underwriting extra premiums paid plus loadings for modal premiums exclusive of all applicable taxes, cesses or levies. This value shall be applicable on the base cover premium only and not to additional optional benefits like ACI, Accident cover, Joint life cover and Voluntary Sum Assured Top-Up.

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    Written by

    Reviewed by

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    Rohit Ghosh

    Insurance Writer

    Rohit Ghosh has authored and reviewed several informative articles on Life and Term Insurance during his experience working with top Life Insurance brands. During his experience in the Life Insurance sector he has been responsible for formulation of several integrated marketing communication strategies. In his current role with Max Life Insurance he is responsible for website content and experience enhancement

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    Bhaskar Sinha

    Insurance Expert

    8+ years of experience in Life Insurance with expertise in Developing Life and Health Products, Digital Sales, Conducting effective trainings and Key Account Management.

    What are the Benefits of Term Insurance?

    Term Insurance Benefits 1.jpg

    Following is a list of benefits that a term insurance policy can provide you:

    • High Sum Assured at Affordable Premium
    • Easy to Understand
    • Multiple Death Benefit Payout Options
    • Additional Riders
    • Income Tax Benefits
    • Critical Illness Coverage
    • Accidental Death Benefit Coverage
    • Return of Premium Option

    Let’s talk about the term insurance benefits stated above in detail.

    1. High Sum Assured at Affordable Premium

    A term insurance plan is a simple form of life insurance. One of the primary term insurance benefits is its affordable cost. As compared to other life insurance policies, a term insurance plan is available at a premium that you can easily afford. Another important term insurance benefit is that the earlier you buy term insurance, the lower will be the premium.

    Furthermore, the premium while buying term insurance online may be lower than buying it offline. In other words, the cost-saving that happens at the insurer’s end is transferred to you as one of the benefits of term insurance plan. You can even check the term insurance benefits online quickly.

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    Tax exemptionup to Rs.54,600~#

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    High life cover at affordable premiums

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    Claim Paid Ratio^99.34%

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    Coverage against 64 critical illnesses@

    Term Plan Calculator

    Secure your future in just 5 minutes

    35yrs
    18yrs
    25yrs
    35yrs
    45yrs
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    Premium starting at
    Inclusive of GST
    ₹ /month
    Term Insurance Benefits infographics.jpg

    2. Easy to Understand

    While buying a life cover, you may find it difficult to understand the insurance-specific terms about various life insurance policies. One of the prime features of term insurance plans is that they are quite easy to understand.

    As a pure life cover, a term insurance plan does not have an investment component in it. You pay the premiums, and the insurer covers your life for a fixed duration to offer the term insurance benefits.

    3. Multiple Death Benefit Payout Options

    You may be paying the EMIs of your new home, car, or a personal loan you have borrowed. In your absence, your financial liabilities may fall on your family members. It is where the various payout options of term insurance policy play a vital role.

    Your dependents may get a lump sum amount in case of your unfortunate demise and this lumpsum will help them to manage the aforesaid financial liabilities.

    Some term insurance policies also give you the option to receive a monthly income along with the lump sum amount as the death benefit. With this monthly income, your family may find it easier to manage the regular expenses.

    4. Additional Riders to Strengthen the Policy

    Term insurance plans come with riders that you can choose to enhance the basic term insurance benefits. You can add these riders to your term insurance plan by paying a nominal additional premium.

    For example, the Max Life Waiver of Premium Plus Rider [UIN: 104B029V03] from Max Life Insurance provides you waiver of all future premiums in case of dismemberment and in case you are diagnosed with the any of the specified critical illness [1]. This means your life cover will continue even when you are not able to pay the premiums for your policy.

    5. Income Tax Benefits

    Term insurance plans also provide tax benefits. While the premium you pay for a term insurance plan is tax-deductible, the payouts also come with tax exemptions as per the existing tax laws.

    Also Read: Term Insurance Tax Benefits

    Term Insurance Benefits under Section 80C

    UnderSection 80C of the Income Tax Act 1961, the premium you pay to buy a term insurance plan is exempt, up to a limit of Rs.1.5 Lakh in a year. You can get maximum term insurance tax benefits under this section by purchasing the plan for the maximum coverage offered to you based on your age and health.

    Term Insurance Benefits Under Section 10(10D)

    The death benefit of term insurance plans is fully exempt as per the provisions of Section 10(10D) of Income Tax Act 1961.

    Term Insurance Benefits 2.png

    6. Critical Illness Coverage

    You may suffer from critical illnesses during any phase of life and getting the necessary treatment can drain all your savings. Although the primary benefits of term insurance plans only offer life cover, you can choose to get critical illness coverage via opting for add-ons/ riders.

    Max Life Insurance offers critical illness rider with its two variants of term insurance plans - Max Life Online Term Plan Plus (UIN: 104N092V04, Non-Linked Non-Participating Individual Pure Risk Premium Life Insurance Plan) and Max Life Smart Term Plan (UIN: 104N113V04, Non Linked Non Participating Individual Pure Risk Premium Life Insurance Plan). Under the Critical Illness cover, you will get a lump sum in case you are diagnosed with the critical illnesses covered under the policy.

    With this cover, you can pay for the necessary treatment without consuming up your savings.

    7. Accidental Death Benefit Coverage

    Accidents can happen at any time and may lead to death or dismemberment. So, you can add an additional cover using Max Life Accidental Death and Dismemberment Rider (UIN: 104B027V03; Non-Linked Non-Participating Individual Pure Risk Premium Health Insurance Rider).

    Max Life Accidental Death and Dismemberment Rider (UIN: 104B027V03; Non-Linked Non-Participating Individual Pure Risk Premium Health Insurance Rider) from Max Life Insurance safeguards the financial future of your family in case of accidental death or dismemberment. You can add this rider to your term insurance policy to provide additional term insurance benefits or cover in case of accident leading to death or dismemberment. [2] The sum assured is payable to the beneficiary in a lump sum as per the contract as the benefits of term insurance policy. You can add the Max Life Accidental Death and Dismemberment Rider at any point of time, provided that the remaining policy term of the base policy is at least 5 years.

    To get the benefits of term insurance plan with accidental death rider, you can add this rider while buying the policy or post-purchase as well. Also, you must understand the coverage benefits of various riders before you include them in a term insurance plan.

    8. Return of Premium Option

    A pure term insurance plan only provides life cover to the beneficiary in the event of life insured’s untimely demise. It does not provide any benefit on maturity. However, you can get maturity benefit under term insurance plan if you opt for return of premium option. This option will require you to pay higher premiums but will return you the total premiums paid by you if you survive the policy tenure. But, the total premium amount to be returned will not include any taxes, levies, rider premium and modal amount paid on the premium.

    These days, you can easily use an online term plan calculator to estimate the premium of a term insurance plan with or without maturity benefits. It will help you make a prudent decision based on your financial needs.

    Approximate Premium of Max Life Term Insurance Plan at Different Ages

    Premium (Per Annum) for Life Cover of Rs. 50,00,000 for a Non-Smoker, Male*

    Age**Max Life Online Term Plan PlusMax Life Online Term Plan Plus with Return of Premium
    25Rs. 4,130Rs. 7,838
    30Rs. 4,720Rs. 9,614
    35Rs. 5,723Rs. 12,906
    40Rs. 7,198Rs. 19,072

    *

    The calculation of the premium above is based on the certain assumptions. Premium amount stated is inclusive of GST and payable annually till the age of 60. Life cover of 50 years is also till 60 years of age. Annual income is taken as <5 lakh.

    **

    Age as on 1st January, 2020.

    Choosing Right Term Insurance Plan is Crucial

    Term Insurance Benefits 3.png

    You may find a wide variety of term insurance plans available in the market with various benefits. However, it would be good if you do not follow a one-size-fits-all approach while considering the term insurance benefits.

    You should take adequate life cover based on your financial liabilities and select appropriate add-ons basis the kind of coverage you are seeking. Keep in mind that you know and understand various facets related to buying term insurance plans online or offline before you buy one.

    Also Read: Things to Consider Before Buying Term Insurance Policy

    As a rule of thumb, buy term insurance plan with the cover that is at least eight to ten times your annual income. For example, if you currently earn Rs. 5 lakh in a year, then you should select a life cover of around Rs 40 – 50 lakh or more to get maximum benefits of term insurance plan.

    To calculate term insurance premium for yourself, use our term insurance calculators online.

    Related Articles

    • Why Medical Test Important for Term Insurance
    • Key Features and Benefits of Online Term Plan Plus
    • Term Insurance for all Age Groups
    • Tax Benefits of Term Insurance
    • Group Term Life Insurance Plan Benefits
    • Term Insurance FAQs
    • What is Term Insurance

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    Following are the primary benefits of term life insurance that you can avail by buying term insurance:

    • High Sum Assured at Affordable Premium
    • Easy to Understand
    • Multiple Death Benefit Payout Options
    • Additional Riders
    • Income Tax Benefits
    • Critical Illness Coverage
    • Accidental Death Benefit Coverage
    • Return of Premium Option

    With term insurance, you can also avail income tax benefits under Section 80C and Section 10 (10D) of the Income Tax Act, 1961. Under Section 80C,, you can avail a deduction upto Rs.1.5 lakh per annum for the term insurance premium paid. Other than this, the death benefit of term insurance plan is fully exempt under Section 10 (10D) of the Income Tax Act, 1961.

    Read More:Term Insurance Tax Benefits

    Term insurance is a simple life insurance product which is essential for securing you and your family’s financial protection. With term plan, you get a high cover at an affordable premium ensuring that your family will be able to maintain the current lifestyle in future as well. Thus, it is important to buy a term plan and protect the financial future of your family. However, it has different meaning and purpose when term insurance is bought at different ages.

    ARN NO: Feb23/Bg/23Q

    Sources:

    [1] www.sec.gov/Archives/edgar/data/917677/000091767701500003/apm_wsp.htm

    [2] www.maxlifeinsurance.com/content/dam/corporate/Riders/Max-Life-Accidental-Death-and-Dismemberment/accidental-death-and-dismemberment-rider.pdf
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      bonus or investment of premiums.

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      *Life insurance coverage is available in this product. 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.

      Insurance is the subject matter of solicitation. For more details on the risk factors, Terms and Conditions, please read the sales and rider prospectus carefully before concluding a sale. Tax benefits are eligible for tax exemption on fulfilling conditions mentioned under Section 10(10D) of income tax act 1961. Tax exemptions are as per our understanding of law and as per prevailing provisions of income tax at 1961 . Policy holders are advised to consult tax expert for better clarification /interpretation. Please note that all the tax benefits are subject to tax laws at the time of payment of premium or receipt of policy benefits by you. Tax benefits are subject to changes in tax laws. The monthly Income Benefit and Terminal Benefit may be taxable subject to extra premium being loaded at underwriting stage.

      Disclaimers for Market Linked Plans & Saving plans:

       

      THE UNIT LINKED INSURANCE PRODUCTS DO NOT OFFER ANY LIQUIDITY DURING THE FIRST FIVE YEARS OF THE CONTRACT. THE POLICYHOLDER WILL NOT BE ABLE TO SURRENDER/WITHDRAW THE MONIES INVESTED IN LINKED INSURANCE PRODUCTS COMPLETELY OR PARTIALLY TILL THE END OF FIFTH YEAR.

      Unit Linked Insurance Products (ULIPs) are different from the traditional insurance products and are subject to the risk factors. The premium paid in the Unit Linked Life Insurance Policies is subject to investment risks associated with capital markets and the NAVs of the units may go up or down based on the performance of fund and factors influencing the capital market and the insured is responsible for his/her decisions. Max Life Insurance is only the name of the insurance company and Max Life Online Savings Plan (UIN: 104L098V05) is only the name of the unit linked life insurance contract and does not in any way indicate the quality of the contract, its future prospects or returns. Please know the associated risks and the applicable charges from your Insurance agent or the Intermediary or policy document of the insurer. The various funds offered under this contract are the names of the funds and do not in any way indicate the quality of these funds, their future prospects or returns.

      Max Life Online Savings Plan is a Unit Linked Non Participating Individual Life Insurance Plan (UIN104L098V05)

      *#Some benefits are guaranteed and some benefits are variable with returns based on the future performance of your Insurer carrying on life insurance business. The assumed rates of return (4% p.a. and 8% p.a.) shown in the illustrative example are not guaranteed and they are not the upper or lower limits of what you might get back as the value of your Policy depends on a number of factors including future investment performance. The guaranteed and non-guaranteed benefits are applicable only if all due premiums are paid.The Maturity Benefit shown in the illustrative example are inclusive/exclusive of taxes.

      ^*Disclaimer: Applicable for Titanium variant of Max Life Smart Fixed-return Digital (Premium payment of 5 years, Policy term of 10 years) and a healthy female of 18 years old paying Rs.3,60,000/- annually (exclusive of all applicable taxes)

       

      Privacy Policy

      ^^On completion of policy term

      The savings indicated is the maximum premium difference as compared with offline plan & depends on the variant purchased.

      ^*All claims that qualify for InstaClaim™ will be paid within 1 working day from date of submission of all mandatory documents else Max Life will pay interest at Bank Rate as on beginning of financial year in which claim has been received (4.65 % p.a. for FY’20) for every day of delay beyond one working day. Interest shall be at the bank rate that is prevalent at beginning of the financial year in which death claim has been received.

      Claims for policies completed 3 continuous years. All mandatory documents should be submitted before 3:00pm on a working day.Claim amount on all eligible policies4 is less than Rs. 1 Crore. Claim does not warrant any field verification.Mandatory Documents :> Original policy document > Original/attested copy of death certificate issued by local municipal authority > Death claim application form (Form A) > NEFT mandate form attested by bank authorities along with a cancelled cheque or bank account passbook along with nominees photo identity proof > Discharge/Death summary attested by hospital authorities or FIR & Post Mortem Report/viscera report (in case of accidental death)

      7CMO Asia BFSI Excellence Award 2019

       

      5Criteria applicable only for “Term plans” for Graduate, Indian resident with declared income >= 10 lacs with CIBIL score >= 650 (salaried) and >= 700 (self-employed) with no disclosed medical condition

      4InstaClaim TM is available for all versions of (UIN:104N118V05). Mandatory Documents : • Original policy document • Original/attested copy of death certificate issued by local municipal authority • Death claim application form (Form A) • NEFT mandate form attested by bank authorities along with a cancelled cheque or bank account passbook along with nominees photo identity proof • Discharge/Death summary attested by hospital authorities or FIR & Post Mortem Report/viscera report (in case of accidental death)

      ##

      Tax conditions :

      Save 46,800 on taxes if the insurance premium amount is Rs.1.5 lakh per annum and you are a Regular Individual, Fall under 30% income tax slab having taxable income less than Rs. 50 lakh and Opt for Old tax regime ~# Save 54,600 on taxes if the insurance premium amount is Rs.1.5 lakh per annum for life cover and 25,000 for critical illness cover and you are a Regular Individual, Fall under 30% income tax slab having taxable income less than Rs. 50 lakh and Opt for Old tax regime.

      3The discount is applicable if you are a salaried employee with a corporate. During policy issuance, Max Life may call for proof of employment if required. In case proposer when asked is not able to prove the employment part, discount offer will be discontinued and additional premium as applicable will have to be paid for processing of the case.

      CI Rider disclaimers:

      MAX LIFE CRITICAL ILLNESS AND DISABILITY RIDER (UIN- 104B033V01) available as a rider on payment of additional premium.

      >Extended cover of up to 85 years is available with gold and platinum variant only

      @ 64 critical illnesses covered in platinum and platinum plus variant on payment

      22 critical illnesses covered in gold and gold plus variant

      6 The life insurer is eligible for a discount on renewal premium under regular pay variant by accumulating Healthy Weeks as per terms and conditions of the rider

      *^Total premiums paid inclusive of any extra premium but exclusive of all applicable taxes, cesses or levies and modal extra. Return of premium option is available on payment of additional premium.

       ~ Conditions for premium break : Available at an additional premium for policies with policy term greater than 30 years and premium payment term greater than 21 years. Option to skip paying premium for 12 months. 2 premium breaks will be available during the premium payment term separated by an interval of at least 10 years

      ~1 Conditions for Special exit value:

      Option to receive all premiums paid back, at a specified point in the term of the policy (free of cost). Available when Return of Premium variant is not chosen. No additional premium to be paid.

      ~2 Voluntary Top-up Sum assured:

      Option to double your insurance cover, basis underwriting, at the time of your need by increasing your sum assured up to an additional 100% of base sum assured, chosen at inception

      ^^*^^Free look period conditions:

      The policyholder has a period of 30 days from the date of receipt of the policy document, to review the terms and conditions of the Policy, where if the policyholder disagrees to any of those terms or conditions, he / she has the option to return the Policy stating the reasons for his objections. The policyholder shall be entitled to a refund of the premiums paid, subject only to deduction of a proportionate risk premium for the period of cover and the expenses incurred by the company on medical examination of the lives insured and stamp duty charges.

      ^Individual Death Claims Paid Ratio as per IRDAI Annual Report FY 2021-2022

      8https://www.moneycontrol.com/news/business/economy/buy-term-insurance-now-as-rates-may-rise-from-april-1-4930921.html

      2Total premium will be charged at the time of the policy issuance (subject to underwriting’s decision).

      3The guaranteed benefits are available with selected life insurance plans & are applicable if all due premiums are paid

      4Tax benefits as per prevailing tax laws, subject to change

      Terms and conditions for availing 5% employee discount:

      <Due to system constraints, employee is requested to select 5 Lakh and above income which can be changed to actual amount on the information page.

      1 The 5% employee discount will be refunded to you once your policy is issued. Submit your documents for getting your policy issued and get 5% employee discount

      9

      The percentage savings is for a regular pay Max Life Smart Secure Plus Plan ( A Non Linked Non Participating Individual Pure Risk Premium Life Insurance Plan, UIN - 104N118V05)– Life Option for 1 cr life cover for a 35 year old, non-smoker male for a policy term of 40 years vs a 10 year policy term with the same details’

      ~*Standard premium for 24-year old healthy male, non-smoker, 25 years policy term,25 year premium payment term (exclusive of GST) for Max Life Smart Secure Plus Plan (UIN:104N118V05)

      **Healthy non-smoking male, 24 years, 2 cr cover,25 years policy term,25 year premium payment term, exclusive pf GST for Max Life Smart Secure Plus Plan (UIN:104N118V05)

      ~~Healthy non-smoking male, 24 years, 1 cr cover,25 years policy term,25 year premium payment term, exclusive pf GST for Max Life Smart Secure Plus Plan (UIN:104N118V05)

      Max Life Smart Wealth Plan| A Non-Linked, Non-Participating, Individual Life Insurance Savings Plan| @Rs.9,68,800/- as lump sum at the end of 15 years, for 35 years old healthy male.

      ARN - ARN/Web/01/21042021

      Past performance of the investment funds do not indicate the future performance of the same. Investors in the Scheme are not being offered any guaranteed / assured returns.The premiums & funds are subject to certain charges related to the fund or to the premium paid.

      The premium shall be adjusted on the due date even if it has been received in advance.

      For Total Installment Premium -**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.

      For Return of Premium -~The Return of Premium Option is available on payment of Additional Premium. Premium does not include amount paid for riders and is excluding taxes, cesses and levies. Upon Policyholder's selection of Return of Premium variant this product shall be a Non-Linked Non-Participating Individual Life Insurance Savings Plan.

      For Riders -#Applicable Rider available on the payment of Additional Premium is Max Life Critical Illness and Disability Rider | Non-Linked Non-Participating Individual Pure Risk Premium Health Insurance Rider |UIN: 104B033V01 . Critical Illness and Disability Rider variant opted is Platinum Plus which covers 64 critical Illnesses. The rider cover will only be paid in scenarios where customer is diagnosed with listed 64 critical illnesses or total and permanent disability. Rider will terminate after major critical illness claim is paid to the policyholder. In case customer requests for cancellation of rider only, the solution as a whole will be cancelled and not just the individual rider.

      For Additional Benefits -##On Payment of Additional Premium. The accident cover will only be paid in scenarios where death occurs due to accident.

      *~Disclaimer | Max Life Smart Secure Plus Plan. A non-linked non-participating individual pure risk premium life insurance plan |Benefit available with special exit value -Total premium paid inclusive of any extra premium but exclusive of all applicable taxes, cesses or levies & modal extra. The premium calculated as per Standard premium for 30 year old healthy male, non-smoker, 40 years policy term, 40 years premium payment term (exclusive of GST) for Max Life Smart Secure Plus Plan.

      6

      Applicable for Titanium variant of Max Life Smart Fixed-return Digital plan (Premium payment of 5 years and Policy term of 10 years) and a healthy male of 18 years paying Rs. 20,000/- per month (exclusive of all applicable taxes) with 7.50% return. Life Insurance is available with this product.

      ##

      Policy continuance benefit is not available with lifelong wealth variant. **The accrued income will be accumulated on an annual basis at the prevailing reverse repo rate (publish on RBI’s website).

      #

      With “Save the date”, you can choose to take your annual income to any special date in a year.

      ***Available with early wealth variant. Income benefit will be paid as per selected plan terms.

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      Accidental death benefit is available in call variants except for Single premium variant. Life insurance coverage is available in this product.

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      Term Insurance plan bought online directly from Max Life Insurance has no commissions involved.

      ~1

      Max Life Smart Secure Plus Plan, A non-linked non-participating Individual Pure Risk Premium Life Insurance Plan| Standard Premium for 30 year old healthy male, non-smoker, 40 years policy term, 40 year premium payment term (exclusive of GST) for Max Life Smart Secure Plus Plan| ~1 Conditions for special exit value: Option to receive all premiums paid back, at a specified point in the term of the policy (free of cost). Available when Return of premium variant is not chosen. No additional premium to be paid. Option to receive all premiums back (exclusive of GST). Flexibility of exiting the plan early. Special Exit Value cover applicable till age 68 & above (of your age). T&C Apply.

      6

      Applicable for Titanium variant of Max Life Smart Fixed-return Digital plan (Premium payment of 5 years and Policy term of 10 years) and a healthy male of 18 years paying Rs. 20,000/- per month (exclusive of all applicable taxes) with 7.50% return. Life Insurance is available with this product.

      **

      Max Life Critical illness and Disability (UIN- 104B033V01) available as a rider on payment of additional premium. 64 critical illnesses covered in platinum and platinum plus variant on payment.

      *

      Available on Payment of Additional Premium. The accident cover will only be paid in scenarios where death occurs due to accident.

      7

      Available with Max Life Smart Wealth Plan (UIN: 104N116V08)

      8

      Available with Max Life Smart Fixed-return Digital Plan (UIN:104N123V03). The guaranteed benefits are available with selected life insurance plans & are applicable if all due premiums are paid.

      **Disclaimer: Standard premium for 24-year old healthy male, non-smoker, 25 years policy term,25 year premium payment term (exclusive of GST) for Max Life Smart Secure Plus Plan (UIN:104N118V05) with a life cover of Rs. 50 lakh.

      **Disclaimer: Standard premium for 24-year old healthy male, non-smoker, 25 years policy term,25 year premium payment term (exclusive of GST) for Max Life Smart Secure Plus Plan (UIN:104N118V05) with a life cover of Rs. 75 lakh.

      **Disclaimer: Standard premium for 24-year old healthy male, non-smoker, 25 years policy term,25 year premium payment term (exclusive of GST) for Max Life Smart Secure Plus Plan (UIN:104N118V05) with a life cover of Rs. 1.5 Cr.

      **Disclaimer: Standard premium for 24-year old healthy male, non-smoker, 25 years policy term,25 year premium payment term (exclusive of GST) for Max Life Smart Secure Plus Plan (UIN:104N118V05) with a life cover of Rs. 2 Cr.

      **Disclaimer: Standard premium for 24-year old healthy male, non-smoker, 25 years policy term,25 year premium payment term (exclusive of GST) for Max Life Smart Secure Plus Plan (UIN:104N118V05) with a life cover of Rs. 5 Cr.

      **Our Life insurance policies cover COVID-19 life claims under life insurance claims, are subject to applicable terms and conditions of the policy contract and extant regulatory framework.