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    SIP Calculator - Calculate SIP Returns

    More people have started investing in a systematic investment plan in recent years, mostly known as SIP. To make an informed choice, check your investment strategy using the SIP calculator. The tool will help you predict the result to aid you in investing in the right SIP to get better financial returns. Let us find out the best use of the SIP calculator and everything else you need to know about it- ...Read More

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    Pay Rs. 10,000/month

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    Get Rs.78.34 lakhs1@8% or

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    : 1The assumed rate 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 amount shown is for 30-year-old healthy male, 15 years premium payment term, 30 years policy term with Max Life Online Saving Plan (Unit Linked Non Participating Individual Life Insurance Plan | Life Insurance is available in this product)

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    Abhishek Chakravarti

    BFSI Writer

    Abhishek is a financial writer with over 6 years of experience in the BFSI sector. Prior to his current stint with Max Life Insurance, he has worked with leading fintech startups. He specializes in writing about taxation and various investment products like ULIPs, retirement plans, guaranteed investment plans, mutual funds etc.

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    Sahil Rawal

    BFSI Expert

    Sahil Rawal is a digital & brand management specialist with over 10 years of experience in Financial Services Industry. Life insurance professional with expertise in digital marketing strategy, website content marketing and brand communication designed to increase brand awareness, drive engagement & sales.

    What is a SIP Calculator?

    SIP_Calculator-1.png

    A SIP calculator comes in handy to predict the returns you’ll receive upon investing in a mutual fund. It helps in various aspects such as calculating the accurate results, choosing the right plan, and making you financially independent as an investor.

    With a SIP calculator, you can know which plans will benefit you the most in the longer or shorter run. With various plans available in the market, it’s best to be informed before deciding to get the benefits.

    SIP Calculation Formula

    The SIP calculation is crucial before investing. You will have to enter the figures, and the result will help you compute a better strategy about how much money to invest and whether you will receive the profits you desire. The SIP calculation uses this formula-

    FV = P × ((1 + r)n - 1) / r) × (1 + r)

    Here’s what the formula stands for-

    FV- Maturity amount

    P- SIP amount you’ll invest

    n- investment duration

    r- expected return rate

    Suppose you invest around Rs. 5,000 per month for the next 24 months. Now, you expect a 12% return annually; here’s how you can calculate it.

    FV = 5000 X ((1+0.01)24 – 1)/0.01) X (1+0.01)The ‘r’ is 0.01 since the expected rate of return is 12% per annum, which means 1% per month.

    The maturity amount approximately would be INR 1,36,216

    Invested Amount – INR 1,20,000.

    Returns approximately– INR 16216

    How Does the SIP Calculator Work?

    SIP calculator is a tool to estimate a mutual fund’s maturity amount. However, there are two different types of SIP calculators- The lumpsum SIP calculator and the SIP calculator.

    You will have to enter your investment amount, frequency, investment duration, and expected returns to know your gains. You must know that the SIP results are ascertained based on compound interest. Your SIP can start from just Rs. 500 to Rs. 10,000 depending upon how much you want to invest.

    How Does a SIP Return Calculator Help You?

    A SIP return calculator will help you make a well informed decision in terms of investment. With the different SIP types and plans in the market, investors might get confused..

    A SIP calculator can calculate the exact amount you’ll receive if you follow your investment strategy. Let’s assume that there are no external risk factors involved that may affect your investment return, and you can get the correct estimate of SIP maturity.

    Suppose you plan to buy a house in three years, for which you need to save at least INR 10 Lakhs. You can invest around Rs. 25,000 per month. You expect around a 12% interest rate annually for the next three years.

    Upon calculation, you will know that the principal amount invested is Rs. 9,00,000. Your estimated return approximately will be Rs. 1,87,691, and in total approximate return, will be Rs. 10,87,691. Now you can decide if this particular amount is correct to invest.

    How to Use the online SIP calculator in India?

    An MF SIP calculator online is very simple to use. All you have to do is enter certain pieces of information to calculate your expected returns. However, before doing that, find the mutual fund SIP calculator of your choice. Once that is done, enter the following information:

    • The amount of deposit you will invest regularly.
    • The investment tenure is the period you will continue to invest regularly.
    • The expected rate of return. A Systematic investment plan usually gives an average return of 10-12%.

    Once all these details are entered in the MF SIP calculator, the online tool provides you with the result in a matter of seconds.

    Advantages of Using the Systematic Investment Plan (SIP) Calculator

    SIP_Calculator-2.png

    SIP calculator is instrumental for various reasons, and here are the major advantages of using the Systematic Investment Plan Calculator-

    1. Plan Your Investment Carefully

    The key benefit of using this calculator is that the calculator estimates your investment returns and helps you compare outcomes for choosing different plans. You can experiment with your investment amount or change the years for the investment to know whether it meets your requirements.

    2. Get Investment Returns For Ideal Scenarios

    With a SIP calculator, you will get results, assuming there will be zero external factors to affect your results. Another benefit of investing in SIP is that the returns are averaged out.

    Enter your investment amount, expected interest rate, and plan tenure to get your total maturity amount. We have already mentioned the formula above that a SIP Calculator use to get the results

    Balance Your Alternate Investment Plans Accordingly

    Once you get the idea of how much money you can invest and the returns you will receive, you can balance the outflow of your money accordingly. Many investors put their money in different plans such as trading, real estate, mutual funds, etc. Once you calculate your maturity amount through the SIP calculator, you can allocate your investment to other investment plans accordingly.

    Highlights-

    • Easy to use and provides results quickly
    • Helpful in selecting the right SIP
    • Calculate your maturity amount for ideal scenarios

    What Is SIP?

    SIP_Calculator-3.png

    A Systematic Investment Plan or SIP is offered by mutual funds to encourage investors to invest in a disciplined and distributed manner. By investing in a SIP, investors can invest a particular amount every month for a fixed period. The investment mentioned above can range as low as Rs. 500 to Rs. 20,000 and above depending upon the investor. The SIP offers long-term benefits because of the return rate and is not subjected to market dynamics - all thanks to the concept of averaging out.

    Benefits of investing in SIP-

    • Investing in a SIP will help you become more financially stable in the long run and make it easier to achieve your goals.
    • You can start investing in SIP as early as you want to grow your corpus.
    • With the compounding strategy, you will get an opportunity to grow your investments.

    What Are the Types of SIPs?

    Investment in SIP can bring discipline by building healthy investment habits in investors. A SIP calculator is important as various SIPs are available in the market for investors to choose from. Take a look-

    Perpetual SIP

    In this SIP, you can invest in a plan of your own choice for a fixed tenure which can range from 5 years to 20 years, depending on your requirements. Here, investors choose not to enter the end date in the mandate making it a perpetual SIP. The investor can redeem the amount at maturity and achieve the goals set in the beginning.

    Top-Up SIP

    In Top-up SIP, you can increase the SIP amount and get the advantage of investing in top-performing mutual funds schemes. You can achieve your goals early and increase your corpus money with the increasing investment amount.

    Flexible SIP

    As the name suggests, you can increase or decrease the amount per your choice or market volatility. You can also skip paying instalments in case your financial situation is unstable. Also, you can deposit extra when your financial status gets stable, and you can cover up the losses. In a flexible SIP, you get the flexibility to change the amount before 7 days from the deposit date of your SIP investment.

    Trigger SIP

    You can set a trigger for your SIP by setting a particular amount to be withdrawn from the account. Set an event, date, and index level to trigger the SIP investment. Though it is advised not to set a trigger, it may create a problem if you ever struggle financially. If you are just a beginner, invest in a long term tenor and refrain from investing in Trigger SIP as it is for experienced investors possessing knowledge of the investment market.

    How to Invest in SIP?

    Knowing which SIP to invest in and how much to invest is crucial. SIP is a disciplined investing method to grow money in the long term. Till December 2021, around 19.5 million SIPs have been registered. Here’s how you can invest in a SIP-

  • Select the suitable fund, investment date and amount
  • Select a SIP and decide the amount you want to invest. Make your financial plan, and select the plan accordingly. For example- if your goal is to invest long term, you can check equity funds. Check the past performance and the benefits that you will get. Select the date of SIP of depositing the fund each month. Set a reasonable goal that is equally sustainable. Here are the steps to invest in SIPs-

    • Visit the website of your preferred SIP
    • Create your account and finish the E-KYC
    • Read all the rules and regulations
    • Set up your monthly payment plan
    • Now kick-start your SIP.
  • Before starting a SIP, here’s what you need to remember-
    • Never stop a SIP in between.
    • Keep a check on your fund and be committed to your goal.
    • If your income is increasing, increase your investment amount as well.
    • Create a goal for your SIP as it will motivate you to save money.

    Other Investment Plans Which Provide Good Returns

    It’s best to invest in a plan without any lock-in period, as you can dabble in it without losing out on your money. The motive of investing is to save money and get higher returns. There may be numerous reasons you are investing; it could be for a house, wedding, education or repaying a loan. Therefore, you need to be smart and aware.

    Benefits of investment-

    • Investing will help you improve your finances
    • You can plan your money more efficiently
    • You can easily prioritize your expenses and decrease your liabilities
    • You can let go of debts and lead a stable life
    • You will be more prepared for emergencies
    • You will be more independent financially

    Here are the best investment plans for you to look into-

    1. Gold

    Gold is the oldest form of investment for Indians, as every household has some other gold possessions. You can invest in gold in three ways- via Exchange Traded Funds, Physical forms and Sovereign Gold Bonds.

    2. RBI Bonds

    The taxable bonds have a tenure of 6years and give a 8 percent interest rate. There is zero credit risk as the RBI issues the bonds. If you’re looking for better returns and a nomination facility, RBI Bond is the safest option.

    3. Fixed Deposit

    Considering it one of the safest options, most investors prefer to invest in SIP. There are various benefits of investing in FD, such as fixed and higher returns, compounding benefits, and zero effect of market fluctuations. There are cumulative and non-cumulative investment options for investors. Fixed Deposit provides financial stability and easy renewals.

    4. Mutual Funds

    Mutual funds are the ideal investment plan for individuals new at investing, providing moderate to high returns on investment. With their knowledge and skills, a fund manager assists you in selecting better plans, exemptions from wealth taxes, and transparent investments. Though in mutual funds, the returns depend on the market. There are two types of mutual funds- Equity and Debt mutual funds.

    5. Unit Linked Insurance Plans

    ULIP is one of the favorites among investors as it offers tax exemption and dual benefits. However, there’s a lock-in period of 5 years where one part is directed towards the insurance coverage. ULIP is flexible as you can invest according to your capacity; you can gain maximum benefits, and the maturity is tax-free.

    On An Ending Note

    SIPs are a beneficial way to grow your corpus for future purposes, and a SIP calculator will help you make the correct investment decision. You can use a SIP calculator and check your strategy accordingly before choosing a plan to invest in.

    Frequently Asked Questions

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    The SIP returns vary depending whether you are investing in a large-cap equity, mid-cap or debt-based fund.
    There’s no fixed amount when it comes to investing in a SIP. Your limit should depend on your affordability and financial goals.
    Based on your financial goals, you can simply invest in a SIP for a year or make it perpetual. Use a SIP calculator to know your gains and make a plan accordingly to get maximum benefits.
    SIP is an investing method in mutual funds, a process through which you can contribute a particular amount every month for a fixed period and get fixed interest. At the same time, mutual funds are where investors invest their money in various assets such as bonds, equity and more to earn higher returns.
    An investor can increase or reduce his SIP amount, by first cancelling the existing mandate and giving the revised one. Fund houses do not charge any penalty for stopping the SIPs
    There are four different types of SIPs available in the market- trigger SIP, flexible SIP, Perpetual SIP and top-up SIP.
    SIPs are beneficial in many ways. It offers a disciplined method of saving money over a fixed period. You can get financially stable, make yourself debt-free and save money for future investments.
    A SIP continues till the end date mentioned in the application form. A few mutual funds now offer the option to ‘pause’ the systematic investment for a limited period.
    For beginners, SIP is a better option than the lumpsum investment. Lumpsum is for investors with broad knowledge of investment and market trends or if they have a risk appetite.

    First login to the website, enter your bank account and folio number and keep your PAN ready. Select the SIP you want to cancel, and select the Cancel SIP option. After some time, your SIP will be cancelled. Your MF investment will remain as funds until you request redemption or a switch.

    Yes, you can definitely start a SIP online. To do the same, choose the mutual fund house of your choice and register on their investment platform to start a SIP investment.

    To renew your SIP, you have to instruct the AMC of your choice at least 30 days before the last date.

    Yes, you can reduce your SIP amount if you have chosen flexible SIP.

    The SIP returns can be calculated using this formula,

    FV = P [(1+i) ^n-1] * (1+i)/I

    Returns earned through SIP are applicable for tax deductions. However, the way they are taxed depends on the duration. Long Term Capital Gains and Short-Term Capital Gains are applicable to the returns earned.

    ARN:PCP/SIPC/200223

    1The assumed rate 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 amount shown is for 30-year-old healthy male, 15 years premium payment term, 30 years policy term with Max Life Online Saving Plan (Unit Linked Non Participating Individual Life Insurance Plan | Life Insurance is available in this product)

    Sources:

    www.markcalculate.com/finance/sip-calculator

    www.economictimes.indiatimes.com/industry/banking/finance/what-is-sip-types-of-sip-how-it-works/articleshow/77991976.cms

    www.business-standard.com/article/markets/sip-registrations-in-fy22-already-at-five-year-high-shows-data-122011301615_1.html

    www.indiainfoline.com/knowledge-center/mutual-funds/how-to-invest-in-systematic-investment-plan

    www.rbi.org.in/Scripts/BS_ViewSavingBonds.aspx?Id=1116#:~:text=Maturity%20and%20rate%20of%20interest,1601%2F%2D.

    www.economictimes.indiatimes.com/what-happens-on-surrendering-a-ulip/tomorrowmakersshow/52326385.cms

    www.economictimes.indiatimes.com/wealth/save/everything-you-wanted-to-know-about-sip/can-you-change-the-sip-amount/slideshow/59914661.cms

    www.economictimes.indiatimes.com/industry/banking/finance/what-is-sip-types-of-sip-how-it-works/articleshow/77991976.cms

    www.economictimes.indiatimes.com/wealth/invest/mutual-fund-investments-how-to-pause-your-sip/articleshow/53237202.cms

    www.economictimes.indiatimes.com/wealth/invest/how-to-cancel-your-mutual-fund-sip-instruction/to-cancel-online/slideshow/75625666.cms

    groww.in/calculators/sip-calculator

    economictimes.indiatimes.com/mf/analysis/et-wealth-how-to-renew-sips-of-mutual-funds/articleshow/15079190.cms?from=mdr

    fi.money/blog/posts/what-are-the-taxes-on-returns-from-sip-investing-in-mutual-funds

    cleartax.in/s/sip-calculator/

    groww.in/calculators/sip-calculator

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    Pay ₹10,000/month for 15 yrs
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    after 30 years

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    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)

     

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    ^^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:104N118V06). 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 Claim Paid Ratio as per audited financials for FY 2022-2023

    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 - 104N118V06)– 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:104N118V06)

    **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:104N118V06)

    ~~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:104N118V06)

    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.

    ~

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

    #~

    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:104N118V06) 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:104N118V06) 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:104N118V06) 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:104N118V06) 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:104N118V06) 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.

     

    Disclaimer~*Standard premium for 24-year old healthy female,non-smoker, 25 years policy term, 25 year premium payment term (exclusive of GST) for Max Life Smart Secure Plus Plan (UIN:104N118V06)

    ~^Disclaimer: 15 year return (CAGR – Compound Annualised Growth Rate) from Max Life High Growth Fund (ULIF01311/02/08LIFEHIGHGR104) as on 30/06/2022| 2Nifty Midcap Free Float 100% (5-year return) | For more details on risk factors, terms and conditions and products offered.

    ^~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. The value of your policy depends on a number of factors including future investment performance. The amount shown is for a 30-year-old healthy male, with 10 years premium payment term, and 35 years policy term with Max Life Online Saving Plan (Unit Linked Non Participating Individual Life Insurance Plan | Life Insurance is available in this product).