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    Max Life Smart Fixed-return Digital Plan

    Max Life Smart Fixed-return Digital Plan (Non-linked Non Participating Individual Life Insurance Savings Plan | UIN: 104N123V03) is a new age life savings plan with 3 variants to address your new age investment needs. Max Life Insurance has designed this very simple savings plan to make your life investments easier by helping you prepare for your financial goals. The plan gives you the best of both worlds, offering both guaranteed tax-free returns*### along with the protection of life cover. Let’s understand how the Max Life Smart Fixed-return Digital Plan works:...Read More

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    With Max Life Smart Fixed-return Digital Plan

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    With Max Life Smart Fixed-return Digital Plan

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    Disclaimer:

    Disclaimer: 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

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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.

    How Does Max Life Smart Fixed-return Digital Plan Work

    • Example-1
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    • Example-2
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    • Example-3
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    • Example-4
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    Features and Benefits of Max Life Smart Fixed-return Digital Plan

    Max Life Smart Fixed-return Digital Plan is an all-rounder plan having an array of features and benefits to offer to the customers:

    Features and Benefits of Max Life Smart Fixed-return Digital PlanFeatures and Benefits of Max Life Smart Fixed-return Digital Plan

    1. Maturity Benefit:

    A guaranteed*# corpus is given as maturity benefit once the policyholder survives the policy tenure (policy term). The maturity benefit is the sum total of the following components.

    • Sum Assured on Maturity
    • Accrued Guaranteed Additions applicable only for Titanium variant
    • Additional Maturity Benefit on account of paying higher premiums
    • Additional Maturity Benefit available specially for female customers

    For all variants, Maturity Benefit includes the additional benefit payable on account of paying higher premiums. For Titanium variant, Maturity Benefit also includes the guaranteed additions which get accrued on payment of all due premiums.

    2. Tax Benefits:

    Max Life Smart Fixed-return Digital Plan offers tax benefits to its policyholders. The tax benefits are applicable on premium payments, as well as maturity benefits. Policyholders can get a tax deduction of up to INR 1,50,000 under Section 80C of the Income Tax Act. In addition to that, the maturity benefit is also tax-free, as per the provisions of Section 10(10D)for all variants except for Gold wherein a life insurance coverage of 1.25 times the single premium is opted on a single life basis.

    3. Facility to Take Loans:

    Getting a loan can get easier with Max Life Smart Fixed-return Digital Plan. In case of any emergency, you can secure a loan against the policy.

    Why Should you Choose Max Life Smart Fixed-return Digital Plan?

    Max Life Smart Online Fixed-return Digital PlanMax Life Smart Online Fixed-return Digital Plan

    With Max Life Smart Fixed-return Digital Plan, you don’t need to worry about how the market is functioning as this plan offers you guaranteed returns at the time of maturity.

    1. Offers Guaranteed*# Returns:

    With Max Life Smart Fixed-return Digital Plan, you don’t need to worry about how the market is functioning as this plan offers you guaranteed returns at the time of maturity.

    2. Life cover:

    What you leave behind for your family after you are gone is what every bread-earner worries about. But you don’t have to anymore with Max Life Smart Fixed-return Digital Plan. The plan offers the death benefit, which means your family is secured by a financial net if god forbid something happens to you. With the Max Life Smart Fixed-return Digital Plan, you can choose the level of life insurance cover you need to secure your family’s financial future in your absence.



    As the plan acts as a life insurance product, you also have the option to choose suitable riders to get the maximum benefits possible. The death benefit payable to the nominee would be at least 11 times of the annualized premium for Platinum and Titanium variants. For Gold variant, you can choose to get covered for 1.25 times or 10 times of the single premium when single life is covered.

    3. Builds Savings:

    Savings is the pillar of a strong financial future. With Max Life Smart Fixed-return Digital Plan, you can ensure that you are building savings corpus to meet your financial requirements of the future. All you have to do is pay premium, regular or lump-sum as decided by the plan, and get returns to meet your saving requirements.

    Special Benefits for Women with Max Life Smart Fixed-return Digital Plan

    Special Benefits for Women with Max Life Smart Fixed-return Digital Plan Special Benefits for Women with Max Life Smart Fixed-return Digital Plan

    In order to encourage women to buy insurance cum savings products, Max Life has introduced special benefits for women. This includes offering additional maturity benefits to females as compared to male customers of the same age.

    • 0.25% of additional maturity benefit for a policy term of 5 years and
    • 0.5% of additional maturity benefit for a policy term of 10 years

    How to Buy Max Life Smart Fixed-return Digital Plan?

    How to Buy Max Life Smart Fixed-return Digital PlanHow to Buy Max Life Smart Fixed-return Digital Plan

    Buying Max Life Smart Fixed-return Digital Plan is not at all a hassle. The purchase journey is short, quick hassle-free. Here’s how you can buy Max Life Smart Fixed-return Digital Plan:

  • Step 1: Decide the amount of investment you want to make.
  • Step 2: Choose the payment mode and the variant of the plan.

  • There are three variants of the plan available:

  • Gold Variant: 
  • The gold variant of the plan is the basic variant wherein you are required to pay the premium only once. Against which, you are provided with a guaranteed lump sum at maturity. The policy term of this variant of the plan is 5 years or 10 years; you can choose the one that suits your requirements and financial goals the most.

    The variant also offers a life-insurance feature wherein the life insurance benefit of 1.25 times or 10 times of the Single Premium as chosen by you. The customer also has the option of opting for a joint cover.
  • Platinum Variant: 
  • The platinum variant of the plan requires the policyholder to pay the premium for 5 years. Against this, the policyholder is guaranteed*# a lump-sum payment at the end of the policy term. The policy term of the policy can be 5 or 10 years, as chosen by you.

    A life insurance benefit is also an exciting feature of the variant wherein the life insurance benefit is equal to 11 times the annualized premium.
  • Titanium Variant: 
  • The titanium variant of the Max Life Smart Fixed-return Digital Plan requires the policyholder to pay the premium for 5 years. The policyholder is then guaranteed*# a lump-sum payment at maturity. Policyholders have the option to select the policy term of 5 years or 10 years.

    An attractive feature of this variant of the plan is that apart from the lump-sum benefit guaranteed, policyholders also get guaranteed additions which accrue once you have paid all the premiums due to be paid by you.

  • Step 3: Choose your Policy Term 
  • Step 4: Submit your documents with the proposal form to receive your policy.  
  • Who can Buy this Max Life Smart Fixed-return Digital Plan?

    Who can Buy this Max Life Smart Fixed-return Digital Planho-can-buy-smartfd-digital-planWho can Buy this Max Life Smart Fixed-return Digital Planho-can-buy-smartfd-digital-plan

    Max Life Smart Fixed-return Digital Plan is ideal for anyone who is looking to build a savings corpus as well as desires financial protection through life insurance. The plan gives the best of both worlds, a maturity benefit if you survive the term, and a death benefit that can act as a financial net for your family in case the worse happens. On top of it, the Max Life Smart Fixed-return Digital Plan offers you the sum more than you invested.

    In addition to that, Max Life Smart Fixed-return Digital Plan is also ideal for risk-conservative investors. Investment in this plan is completely safe and unaffected by market fluctuations. It means, that even if the market is crashing down, you will get the return you were promised.

    Lastly, the plan is also ideal for women as they can get special benefits specially curated for them. Women policyholders can get additional maturity benefits than men of the same age. These additional benefits include a 0.25% of additional maturity benefit for a policy term of 5 years and a 0.5% of additional maturity benefit for a policy term of 10 years.

    Married couples who are looking to start a family or have a family can also get the gold variant of the Max Life Smart Fixed-return Digital Plan. The gold variant of the plan offers joint life insurance.

    Conclusion

    Max Life Smart Fixed-return Digital Plan is your go-to way of meeting your savings goal and providing a safety net for your family. It offers you the dual benefits of maturity benefit and life insurance benefit. So, if you are someone who is excited by these benefits, Max Life Smart Fixed-return Digital Plan is ideal for you.

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    Frequently Asked Questions

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    Max Life Smart Fixed-return Digital Plan comes with two policy tenures of 5 years and 10 years. Customers can choose the one that suits their requirements and financial goals the most.

    These guaranteed additions are the amount accrued once the policy is fully paid up by the policyholder. Guaranteed additions are only available in the titanium variant of the plan.

    Yes, the returns in Max Life Smart Fixed-return Digital Plan are tax-free except for Gold variant wherein a life insurance coverage of 1.25 times the single premium is opted on a an individual life.

    In order to encourage the purchase of insurance cum savings products, the Max Life Smart Fixed-return Digital Plan offers additional benefits to women. This benefit includes additional maturity benefits for women. Women policyholders can get 0.25% more maturity benefit for a 5-year policy term, and 0.5% for a 1o-year policy term.

    Yes, it is possible to surrender your policy any time during the policy term, however, you will be eligible for a surrender value only after it has acquired a surrender value.

    The policy acquires a Surrender Value on the payment of two full years’ premium for a 5 pay variant. As for the gold variant which requires a single payment, the surrender value is achieved post expiry of the free look cancellation period.

    The surrender value shall be equal to the higher Guaranteed Surrender Value (GSV) or Special Surrender Value (SSV).

    When you buy this policy, you have a period of 15 days from the date of receipt of the policy document, to review the terms and conditions of the policy, where if you disagree to any of those terms and conditions, you can return the policy stating the reasons for objection.

    Note: If you have bought this Policy through Distance Marketing, you have a free look period of thirty days.The following distance marketing modes are applicable for this product:

    • Voice mode, which includes telephone-calling;
    • Short Messaging service (SMS);
    • Electronic mode which includes e-mail, and interactive television (DTH);
    • Physical mode which includes direct postal mail and newspaper and magazine inserts.

    Grace period refers to the time from the due date of each premium payment, during which the policyholder is allowed to make the payment without any late fees. In the case of Max Life Smart Fixed-return Digital Plan, the grace period is of 15-30 days depending on the premium payment mode. The life insurance benefit continues to be available during this period. If the Life Insured dies during this period, we will pay the Death Benefit after deducting the unpaid Premium, if any.

    If you stop paying premiums after paying for 2 or more years beyond the grace period, your policy will continue with reduced benefits as per the applicable terms and conditions of the Policy contract.

    If you stop paying premiums before paying premiums for 2 years beyond the grace period, you will not be eligible for any benefit.

    There is a waiting period of 90 days from the Date of Commencement of Risk applicable only for POS policies. In case of death (for other than accidental death only) during the waiting period, 100% of the total premiums paid till the date of death will be payable excluding applicable taxes, cesses, levies, if any. On this payment, all policy benefits will cease. The Death Benefit will not be payable. In case of death of Life Insured due to accident, the Waiting Period is not applicable, and Death Benefit shall be payable.

    ARN: PCP/SFRD/100123

    *#Guaranteed benefits are applicable if all due premiums are paid.

    1Risk commencement is subject to validation of documents and total life insurance benefit not exceeding Rs. 25 lakhs for all POS policies with Max Life.

    Why Choose Max Life

    99.34% Claims Paid Percentage

    (Source : Max life annual audited financials FY 21-22)

    269 Offices

    (Source : As reported to IRDAI, FY 21-22)

    ₹1,174,515 Cr. Sum Assured

    In force (individual) (Source : Max Life Public disclosure, FY 21-22)

    ₹1,07,510 Cr. Assets Managed

    (Source : Max Life Public disclosure, FY 21-22)

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      BEWARE OF SPURIOUS PHONE CALLS AND FICTITIOUS/FRAUDULENT OFFERS

      IRDAI clarifies to public that:
      • IRDAI is not involved in activities like selling insurance policies, announcing
      bonus or investment of premiums.

      • Public receiving such phone calls are requested to lodge a police complaint.

      IRDAI - Registration No. 104. ARN/Web/01/21042021 Category: Life. Validity: Valid.
      Corporate Identity Number (CIN):U74899PB2000PLC045626.
      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. Ltd

      All Rights Reserved. An ISO 9001:2008 Certified Company.

      Max Life Insurance Company Limited is a Joint Venture between Max Financial Services Limited and Axis Bank Limited.

      Corporate Office :

       Max Life Insurance Co. Ltd. 11th Floor, DLF Square Building, Jacaranda Marg, DLF City Phase II, Gurugram (Haryana) - 122002.

      Operation Center :

       Max Life Insurance Co. Ltd, Plot No. 90-C UdyogVihar, Sector 18, Gurugram (Haryana) - 122015.

      Customer Helpline: 1860 120 5577 (9:00 A.M to 6:00 P.M Monday to Saturday) * Call charges apply.

      Online Helpline - 0124 648 8900 (09:00 AM to 09:00 PM Monday to Saturday).

      Fax Number:0124-4159397.

      Email ids: service.helpdesk@maxlifeinsurance.com

      Website: www.maxlifeinsurance.com

      Max Life Insurance is integrated with licensed NBFC FinVu(Cookiejar Technologies Pvt. Ltd. for sharing policy details with regulated Financial Information Users within the Account Aggregator ecosystem after obtaining the Policy holder's consent. Read more about Account Aggregator framework here.

      *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.

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      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).

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      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.

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      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.

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      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.

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      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.

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

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      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.