Name: Child Investment Plan – Child Saving Plan – Max Life Insurance
Brand: Max Life Insurance
Rating: 4.3 (350 reviews)

User Activity Modal/Pop Up Component

Plan Today to Let Your Child’s
Dreams Soar High!

With Max Life Online Savings Plan

Invest Now

Online Savings Plan for your Child

Rated by users

Rate this

0/5

It is every parent's dream to ensure their child gets the best of everything. Here is a plan that will help you invest wisely and ensure your child's dreams are fulfilled, even in your absence.

Max Life's Online Savings Plan (UIN: 104L098V05) is an online Non-participating, Unit Linked Insurance Plan (ULIP) that offers a perfect combination of life insurance protection for your family as well as investment.

This plan provides a lump sum payout immediately on death, followed by regular payouts in the form of Family Income Benefit and the total Fund Value at the end of the Policy Term. In addition, all outstanding premiums after the date of death of the Life Insured will be funded by the Company.

5 Reasons to Buy this Online Savings Plan for Your Child

Triple Protection on Parent's death through Lumpsum, Monthly Income and Auto Policy Continuation
Zero policy admin and premium allocation charge
Flexibility to switch money unlimited times
Choose Policy Term from 5 years to 30 years
Flexibility to choose Investment Funds based on Risk Profile

What do You Get with the Online Savings Plan for Your Child?

Comprehensive Plan that 'Invests' and 'Insures'

A lump sum payout is made immediately on death, followed by regular payouts in the form of Family Income Benefit. In case of the death of a policyholder, the future premiums are paid by the company and the Fund Value is paid at the end of the Policy Term.

Unlimited Free Switches

You may Switch between available Funds during the Policy Term, subject to a minimum Switch amount of ` 5,000. There is no limit on the number of switches done in a policy year, i.e. You may switch any number of times without any charges being levied.

Partial Withdrawals allowed

No partial withdrawals are allowed in the first five policy years and thereafter a maximum of two partial withdrawals are allowed in any policy year. The minimum amount of partial withdrawal per transaction is Rs. 5,000.

Zero Premium Allocation and Policy Administration Charge

There are no Premium Allocation and Policy Administration charges under this product; only Mortality and Fund Management Charges apply.

Flexibility to Choose Policy Term and Premium Payment Term as per Your Convenience

Complete flexibility with option to choose a Premium Payment Term (5 to 30 years) and Policy Term (5 to 30 years) as per your need. The policy premium term cannot exceed the policy term.

Tax Benefit

You may be entitled to certain tax deductions on your premiums and on proceeds under the policy benefits. However, such tax deductions are subject to tax laws prevailing at the time of payment of premium or receipt of benefits.

All You Need to Know about the Online Savings Plan for Your Child

Plan Benefits

Maturity Benefit

On maturity, you will be eligible to receive an amount, provided the settlement option has not been exercised, equal to the Fund Value, where the Fund Value will be calculated as:

Fund Value = Summation of the Number of Units in Fund(s) multiplied by the respective NAV of the Fund(s) as on the date of maturity.

Please Note: In case the Maturity Date is a non-working day, then the next working day’s NAV will be applicable.

For Example, Maturity Benefit at sample ages:

Variant 1
Age of Life Insured	Annualised Premium	Premium Payment Term	Policy Term	*4% assumed rate of return**		*8% assumed rate of return**
Age of Life Insured	Annualised Premium	Premium Payment Term	Policy Term	Fund Value at Maturity	IRR	Fund Value at Maturity	IRR
25	50,000	20	20	13,28,136	2.63%	20,86,362	6.58%
35	36,000	5	10	2,18,337	2.44%	2,97,440	6.43%
40	54,000	15	15	9,98,416	2.57%	13,93,478	6.52%
45	60,000	5	5	3,17,385	1.88%	3,57,037	5.86%

Premium Payment Mode: Annual; Standard life; Fund chosen: Balanced Fund; Cover multiple: 10 times of Annualised Premium

*Please note that the above-assumed rates of return @ 4% and 8% p.a. are only scenarios at these rates after recovering all applicable charges. Neither are they guaranteed, nor are they the upper or lower limits of returns of the Funds selected in your policy. The performance of the Funds is dependent on a number of factors, including future investment performance. For more information, please request your policy-specific benefit illustration.

Death Benefit

On the death of the Life Insured during the term of the policy, the policy shall continue till the end of the Policy Term and the nominee shall get the following benefits:

Lump Sum Benefit: Immediately on the death of the Life Insured, highest of Sum Assured (equal to the higher of 10 times the Annualised Premium or 0.5 times the product of Policy Term and Annualised Premium), or 105% of Total Premiums received up to the date of death will be paid.
Family Income Benefit: A Family Income Benefit equal to 1% of the Sum Assured will be paid each month starting from the Policy anniversary date of every month following or coinciding with the date of death of the Life Insured till the end of the Policy Term, subject to a minimum of 36 monthly payments and a maximum of 120 monthly payments. In the case of death of Life Insured with less than 36 months left till the end of the Policy Term, there will be a Lump Sum payment of the remaining instalments (36 minus monthly instalments already paid) with the last monthly payout at the end of the Policy Term.
Funding of Premium: Under this benefit, the Company will fund all future outstanding premiums as and when due under the Policy.
Fund Value shall be paid as on the date of maturity.

Get Tax Benefit

The premiums paid are tax-deductible under Section 80C of the Income Tax Act, 1961. The payout received at the time of maturity and the life cover amount received at the time of the death of the policyholder are tax-exempt under section 10 (10D).

How This Plan Works?

Step 1: Choose your Annualised Premium

Annualized Premium is defined as the total premium payable during a policy year. The premium payment mode can be changed during the Premium Payment Term. This product allows annual, semi-annual, quarterly, and monthly premium payment modes. The minimum premium is as follows:

Premium Payment Mode	Minimum Premium
Annual	12,000
Semi Annual	6,000
Quarterly	3000
Monthly	1,000

Step 2: Choose your Premium Payment Term and Policy Term

Policy Term	Premium Payment Term
Pick a Policy Term : Minimum 5 years and Maximum of 30 years	Pick a Premium Payment Term: Minimum – 5 years; Maximum – 30 years

Step 3: Choose your Investment Strategy

You may choose to invest in the following funds available in this plan. Alternatively, you may opt for the Dynamic Fund Allocation strategy.

The Fund details in decreasing order of potential risk are as follows:

High Growth Fund (SFIN: ULIF01311/02/08LIFEHIGHGR104)

The fund is a multi-cap fund with a focus on mid-cap equities, where predominant investments are equities of companies with high growth potential in the long term (to target high growth in capital value assets). At least 70% of the Fund corpus is invested in equities at all times. However, the remaining is invested in government securities, corporate bonds and money market instruments; hence the risk involved is relatively higher.

NIFTY Smallcap Quality Index Fund (SFIN: ULIF02702/08/23NIFTYSMALL104)

The objective of the fund is to invest in a basket of stocks drawn from the constituents of the NSE Smallcap 250 Quality 50 index. The objective of the fund is to invest in companies in the above index with similar weights as the index and generate returns as closely as possible, subject to tracking error.

Midcap Momentum Index Fund (SFIN: ULIF02801/01/24MIDMOMENTM104)

The Objective of the fund is to invest in a basket of stocks drawn from the constituents of NSE Midcap 150 Momentum 50 index. The fund will invest in companies with similar weights as in the index and generate returns as closely as possible, subject to tracking error

Sustainable Equity Fund (SFIN: ULIF02505/10/21SUSTAINEQU104)

The objective of the fund is to focus on investing in select companies, which conduct business in a socially and environmentally responsible manner while maintaining governance standards.

Pure Growth Fund (SFIN: ULIF02630/12/22PUREGROWTH104)

The objective of the fund is to provide medium to long-term return to the investors by actively managing portfolio through investment in equities, cash and money market instruments. Fund will not invest in companies that derive significant share of income from sectors such as Alcoholic beverages, Tobacco and tobacco products, certain animal produce, Gambling, Banking & Financial Services, and Entertainment (cinema, TV etc.).

Diversified Equity Fund (SFIN: ULIF02201/01/20LIFEDIVEQF104)

The investment objective of the fund is to invest at least 70% of the fund corpus in a diversified basket of equity stocks over the entire market capitalisation range, focusing on large and mid-cap companies covering a wide variety of sectors to provide investors with long-term growth opportunities while ensuring the liquidity of investments.

Growth Super Fund (SFIN: ULIF01108/02/07LIFEGRWSUP104)

This is primarily an equity-oriented fund. At least 70% of the Fund corpus is invested in equities at all times. The remaining is invested in debt instruments across Government, corporate, and money market papers.

Growth Fund (SFIN: ULIF00125/06/04LIFEGROWTH104)

This fund invests in various asset classes such as Equities, Government Securities, Corporate Bonds, and Money Market Instruments. The equity exposure in the Fund will at all times be at a minimum of 20% but not more than 70%. The Fund invests the remaining Fund corpus in debt instruments across Government, corporate, and money market papers.

Balanced Fund (SFIN: ULIF00225/06/04LIFEBALANC104)

This fund invests primarily in debt instruments such as Government Securities, Corporate Bonds, and Money Market Instruments etc. issued primarily by the Government of India/State Governments and to some extent in Corporate Bonds and Money Market Instruments. The Fund invests a minimum of 10% and up to a maximum of 40% of the Fund corpus in equities.

Dynamic Bond Fund (SFIN: ULIF02401/01/20LIFEDYNBOF104)

The investment objective of the fund is to generate superior returns by investing in high-quality debt instruments including Government securities, corporate bonds, and money market instruments with an objective to maximise returns keeping in mind the safety and liquidity of the portfolio.

Secure Fund (SFIN: ULIF00425/06/04LIFESECURE104)

This fund invests in debt instruments such as Government Securities, Corporate Bonds, Money Market Instruments issued primarily by the Government of India/State Governments, Corporate, banks, and money market instruments as prescribed by IRDAI.

Money Market II Fund (SFIN: ULIF02301/01/20LIFEMONMK2104)

The investment objective of the fund is to deliver returns linked to Money Market levels through a portfolio with minimal interest rate and credit risk to provide a high level of safety of capital.

The risk rating and the investment mix of these funds are as follows:

Investment Mix of the Funds (in %)
Funds	Risk Rating	Government Securities	Corporate Bonds	Money Market & Cash Instruments	Equities
High Growth	Very High	0 – 30	0 – 30	0 – 30	70 – 100
Nifty Smallcap Quality Index	Very High	0	0	0 – 20	80 – 100
Midcap Momentum Index Fund	Very High	0	0	0 – 20	80 – 100
Sustainable Equity Fund	High	0 – 20	0 – 20	0 – 30	70 – 100
Pure Growth	High	0	0	0 – 40	60 – 100
Diversified Equity	High	0 – 20	0 – 20	0 – 30	70 – 100
Growth Super	High	0 – 20	0 – 20	0 – 30	70 – 100
Growth	High	0 – 30	0 – 30	0 – 40	20 – 70
Balanced	Medium	20 – 50	20 – 40	0 – 40	10 – 40
Dynamic Bond	Low	60 – 100	60 – 100	0 – 40	0
Secure	Low	50 – 100	0 – 50	0 – 40	Nil
Money Market II	Low	0	0	0 – 100	0

The details of the available investment strategy are as follows:

Dynamic Fund Allocation

You can opt for the Dynamic Fund Allocation option only at the inception of the policy. The assets under management shall be maintained amongst Growth Super Fund and Secure Fund in a pre-defined proportion that changes depending upon the years left to maturity as per the matrix below. Switching of existing Fund Value shall happen on the policy anniversary and Allocation of premium received amongst the Funds shall happen on the date of receipt of such premium or premium due date, whichever is later, in the proportion mentioned in the table below. You do not have the option to redirect premiums or effect unit switches during the period this option is in force. You may opt out of the 'Dynamic Fund Allocation' option anytime during the Policy Term, which will then be effective from the next policy anniversary. Once opted out, you cannot opt for 'Dynamic Fund Allocation' again. Also, after opting out, you will be allowed to exercise free Switches or Premium Redirection options.

Number of Years to Maturity	Assets under management to be maintained under the Growth Super Fund	Assets under management to be maintained under the Secure Fund
16 – 30	80%	20%
11 – 15	60%	40%
6 - 10	40%	60%
0 - 5	20%	80%

Discontinuance Policy Fund (SFIN: ULIF002021/06/13LIFEDISCON104)

Fund Name	Government Securities	Corporate Bonds	Money Market & Cash Instruments	Equity & Equity related securities	Risk Rating
Discontinuance Policy Fund	60-100%	Nil	0-40%	Nil	Low

The minimum guaranteed return on this Fund is 4.0% per annum (or as mandated by IRDAI from time to time).

The excess income earned in the Discontinuance Policy Fund over and above the minimum guaranteed interest rate shall also be apportioned to the Discontinuance Policy Fund in arriving at the proceeds of the discontinued policies and shall not be made available to the shareholders.

Check Your Eligibilty

Minimum Age of Life Insured at Entry (age as on last birthday)	18 years
Maximum Age of Life Insured at Entry (age as on last birthday)	54 years
Maximum Maturity Age of the Life Insured (age as on last birthday)	64 years

Premium Paying Options

Policy Term	Pick a Policy Term:- Minimum – 5 years; Maximum – 30 years
Premium Payment Term	Pick a Premium Payment Term :- Minimum – 5 years; Maximum – 30 years
Minimum Annualized Premium	Annual Mode: ` 12,000 Semi-Annual mode: ` 6,000 Quarterly mode: ` 3,000 Monthly mode: ` 1,000 “Annualised Premium” means Premium amount payable in a Policy Year, excluding the taxes, Rider Premiums and underwriting extra premium on riders, if any.
Maximum Annualized Premium	Basis the minimum Annualised Premium and minimum Cover Multiple, the minimum Sum Assured for both the variants is₹ 1,20,000.
Premium Payment mode	Annual, Semi-Annual, Quarterly and Monthly.
Sum Assured Multiple	The cover multiple under this variant is fixed at 10 times the Annualized Premium
Minimum Sum Assured	Based on the minimum Annualised Premium and minimum Cover Multiple, the minimum Sum Assured for both variants is ` 3, 60,000
Maximum Sum Assured	No limit, subject to the limits determined in accordance with the Board approved underwriting policy of the Company.
Riders	Max Life Critical Illness and Disability Secure Rider (UIN: 104A034V01): This rider provides benefit upon diagnosis of the critical illnesses covered. Please refer to Max Life Critical Illness and Disability Secure Rider prospectus for more details.
Top Up	Not available in this plan
Policy loan Provisions	Not available in this plan
Restriction on Future Occupation & Travel	No restriction

The charges specified below are guaranteed and shall not change during the policy lifetime.

1. Premium Allocation Charge

Nil

2. Policy Administration Charge (All Years)

Nil

3. Fund Management Charge

This is a charge levied as a percentage of the value of assets and shall be appropriated, usually daily, by adjusting the Net Asset Value of the Fund. The rate to be levied will be equal to the annual rate divided by 365 and multiplied by the number of days that have elapsed since the previous unit valuation date. The charges specified below are guaranteed and shall not change during the policy lifetime. The annual rate of the Fund Management Charge is as below.

Name of Fund	Charge (per annum) as % of Fund Value
High Growth Fund (SFIN: ULIF01311/02/08LIFEHIGHGR104)	1.25
Sustainable Equity Fund (SFIN: ULIF02505/10/21SUSTAINEQU104)	1.25
Pure Growth Fund (SFIN: ULIF02630/12/22PUREGROWTH104)	1.25
Diversified Equity Fund (SFIN: ULIF02201/01/20LIFEDIVEQF104)	1.25
Growth Super Fund (SFIN: ULIF01108/02/07LIFEGRWSUP104)	1.25
Midcap Momentum Index Fund (SFIN: ULIF02801/01/24MIDMOMENTM104)	1.25
Growth Fund (SFIN: ULIF00125/06/04LIFEGROWTH104)	1.25
Balanced Fund (SFIN: ULIF00225/06/04LIFEBALANC104)	1.1
NIFTY Smallcap Quality Index Fund (SFIN: ULIF02702/08/23NIFTYSMALL104)	1.00
Dynamic Bond Fund (SFIN: ULIF02401/01/20LIFEDYNBOF104)	0.9
Secure Fund (SFIN: ULIF00425/06/04LIFESECURE104)	0.9
Money Market II Fund (SFIN: ULIF02301/01/20LIFEMONMK2104)	0.9
Discontinuance Policy Fund(SFIN: ULIF02021/06/13LIFEDISCON104)	0.5

available only on surrender or discontinuance of policy in the first five policy years

4. Mortality Charge

The mortality charge will be levied on the basis of ‘Sum at Risk’ on every monthly anniversary by canceling units from the unit account starting from the date of commencement of the policy. The mortality charge will be on an attained age basis over the duration of the contract.

During Settlement Period for both variants:

Max (105% of total premiums paid – Total Fund Value, 0)

Sum at Risk (SAR) for the two variants under the product is defined as follows:

Variant 2:

The Sum at Risk for Variant 2 is defined as the sum of the following:

· Higher of Sum Assured or 105% of total premiums paid till the date of death.

· Present value of future ‘Family Income Benefit’ plus ‘Funding of Premium’ benefit payable. Please note the present value of these benefits will be calculated at a discount rate of 5.5% p.a.

The mortality charges are unisex and are guaranteed for the entire Policy Term.

5. Surrender / Discontinuance Charge

This charge shall be levied on the Fund Value at the time of Discontinuance of Policy or effecting Complete Withdrawal (Surrender) whichever is earlier, as per the following table. This charge is expressed as the lower of (X% of Annualised Premium, X% of Fund Value, ‘Y’ fixed rupee amount) where X and Y vary according to the year of premium discontinuance/surrender.

Maximum Discontinuance Charges for the policies having Annualised Premium
Where the policy is discontinued during the Policy Year	Up to Rs 50,000 is lower of		Above Rs 50,000 is lower of
Where the policy is discontinued during the Policy Year	% of Annualised Premium or Fund Value (X)	Maximum (in Rs.) (Y)	% of Annualised Premium or Fund Value (X)	Maximum (in Rs.) (Y)
1	20%	3000	6%	6000
2	15%	2000	4%	5000
3	10%	1500	3%	4000
4	5%	1000	2%	2000
5 and onwards	Nil		Nil

No Surrender/Discontinuance charge shall be levied from 5^th Policy Year onwards.

For example: If the Annual Premium is ₹40,000 and the Fund Value at the end of the first year is ₹ 42,000, then the Discontinuance Charge will be lower of (20% of 40,000, 20% of 42,000, 3,000), which works out to be ₹3,000.

6. Switch Charge

All switches will be free of charge.

7. Premium Redirection Charge

There is no charge for premium redirection. A maximum of six premium redirections are allowed in any Policy year.

8. Partial Withdrawal

You can make partial withdrawals twice in any policy year for free.

9. Miscellaneous Charges

There are no miscellaneous charges.

However, please note:

· All applicable taxes, cesses, and levies as imposed by the Government from time to time will be levied on all charges as per the prevailing laws.

· Any further taxes and cess shall be passed on to You.

Downloads

Downloads	Actions
Policy Prospectus
Policy Contract
Policy Leaflet
Mortality Rates

Additional Benefits through Riders

Max Life Smart Ultra Protect Rider: (UIN: 104A049V01)

Max Life Smart Ultra Protect Rider is a Unit-Linked Individual Health Insurance Rider. This rider offers coverage against a range of risks. You may opt for coverage against one or more risks as per your needs. Risks covered under the rider are Term Booster with Accelerated Terminal Illness, Accidental Death Benefit, Accidental Total & Permanent Disability, and Payor Benefit. Return of premium option is available under all *Rider Benefit Variants except for payor benefit. The policyholder has the flexibility to choose from multiple possible combinations of *Rider Benefit Variant. For further details, please refer to Max Life Smart Ultra Protect Rider Prospectus and Policy Document.

*Rider Benefit Variant Term Booster with Accelerated Terminal Illness, Accidental Death Benefit, Accidental Total Permanent Disability will be applicable on Life insured and Payor benefit will be applicable on policyholder.

Downloads

Max Life Critical Illness and Disability Secure Rider (UIN: 104A034V01)

Max Life brings a comprehensive insurance plan that covers up to 64 critical illnesses along with total and permanent disability coverage. You can choose the best variant for you from the five available variants. You will also be eligible for a discounted renewal premium based on the number of steps monitored on Max fit app. You can even choose to get a cover up to age 85 years.

(For further details, please refer to the Max Life Critical Illness and Disability Secure Rider, UIN: 104A034V01, prospectus)

Downloads

Max Life Smart Ultra Protect Rider: (UIN: 104A049V01)

Downloads

Max Life Critical Illness and Disability Secure Rider (UIN: 104A034V01)

(For further details, please refer to the Max Life Critical Illness and Disability Secure Rider, UIN: 104A034V01, prospectus)

Downloads

Fund Options and Their Performances

Below are different funds available for investment

Fund Options and Their Performances

Below are different funds available for investment

High Growth Fund

(SFIN: ULIF01311/02/08LIFEHIGHGR104)

Investment Group: Equity

25.51%

21.34%

*(Nifty MidCap Free Float 100%)

Nature of Fund

An open ended equity multicap fund with focus on midcaps

Investment Strategy

The fund is a multi-cap fund with a focus on mid cap equities, where predominant investments are equities of companies with high growth potential in the long term (to target high growth in capital value assets). At least 70% of the Fund corpus is invested in equities at all times. However, the remaining is invested in government securities, corporate bonds and money market instruments; hence the risk involved is relatively higher.

Secure Plus Fund

(SFIN: ULIF01628/04/09LIFESECPLS104

Investment Group: Debt

7.03%

7.32%

*(CRISIL Bond Index 100%)

Nature of Fund

An open ended debt fund which invests across duration with bias towards government securities

Investment Strategy

(This Fund is available only under Systematic Transfer Plan (STP), Lifecycle Based Portfolio and Trigger Based Portfolio strategy) .The investment objective of the Fund is to provide higher security of investment by way of higher proportion of investment in sovereign papers that carry an implicit guarantee for repayment of principal and interest from the Government of India. This Fund invests in debt instruments such as Government Securities, Corporate Bonds, Money Market Instruments etc. issued primarily by Government of India/State Governments, Corporate and banks. The Fund also invests in money market instruments as prescribed by IRDAI. No investment is made in equities.

Growth Super Fund

(SFIN: ULIF01108/02/07LIFEGRWSUP104)

Investment Group: Equity

14.64%

13.93%

*(NSE Nifty 100%)

Nature of Fund

An open ended equity fund with focus on large caps

Investment Strategy

This is primarily an equity oriented fund. At least 70% of the Fund corpus is invested in equities at all times. The remaining is invested in debt instruments across Government, corporate and money market papers.

Growth Fund

(SFIN: ULIF00125/06/04LIFEGROWTH104)

Investment Group: Equity

10.82%

11.04%

*(Crisil Bond Index 50% and NSE Nifty 50%)

Nature of Fund

An open ended hybrid fund with equity portion
focused on large caps

Investment Strategy

This fund invests in various asset classes such as Equities, Government Securities, Corporate Bonds and Money Market Instruments. The equities exposure in the Fund will at all times be at a minimum of 20% but not more than 70%. The Fund invests the remaining Fund corpus in debt instruments across Government, corporate and money market papers.

Balanced Fund

(SFIN: ULIF00225/06/04LIFEBALANC104)

Investment Group: Balanced

9.41%

9.67%

*(Crisil Bond Index 70% and NSE Nifty 30%)

Nature of Fund

An open ended hybrid fund investing in a mixture of debt instruments and equities

Investment Strategy

This fund invests primarily in debt instruments such as Government Securities, Corporate Bonds, Money Market Instruments etc. issued primarily by Government of India/State Governments and to some extent in Corporate Bonds and Money Market Instruments. The Fund invests minimum of 10% and up to maximum of 40% of Fund corpus in equities.

Conservative Fund

(SFIN: ULIF00325/06/04LIFECONSER104)

Investment Group: Debt

7.44%

8.14%

*(Crisil Bond Index 90% and NSE Nifty 10%)

Nature of Fund

An open ended hybrid fund investing predominantly in debt instruments

Investment Strategy

Conservative Fund invests primarily in debt instruments such as Government Securities, Corporate Bonds, Money Market Instruments etc. issued primarily by Government of India/State Governments and to some extent in Corporate Bonds and Money Market Instruments. The Fund invests up to 15% of Fund corpus in equities

Secure Fund

(SFIN: ULIF00425/06/04LIFESECURE104)

Investment Group: Debt

6.51%

7.32%

*(CRISIL Bond Index 100%)

Nature of Fund

An open ended debt fund which invests across duration

Investment Strategy

This fund invests in debt instruments such as Government Securities, Corporate Bonds, Money Market Instruments etc. issued primarily by Government of India/State Governments, Corporate and banks. The Fund also invests in money market instruments as prescribed by IRDAI. No investment is made in equities.

Diversified Equity Fund

(SFIN: ULIF02201/01/20LIFEDIVEQF104)

Investment Group: Equity

New Fund

Nature of Fund

An open ended equity multi cap fund with focus on large and mid caps

Investment Strategy

The investment objective of the fund is to invest at least 70% of the fund corpus in a diversified basket of equity stocks over the entire market capitalisation range, primarily focusing on large and mid-cap companies covering a wide variety of sectors to provide investors with long term growth opportunities while ensuring liquidity of investments.

Money Market Fund II

(SFIN:ULIF02301/01/20LIFEMONMK2104)

Investment Group: Debt

New Fund

Nature of Fund

An open ended liquid fund which invests only in money market instruments

Investment Strategy

The investment objective of the fund is to deliver returns linked to Money Market levels through a portfolio with minimal interest rate and credit risk so as to provide a high level of safety of capital.

Dynamic Bond Fund

(SFIN: ULIF02401/01/20LIFEDYNBOF104)

Investment Group: Debt

New Fund

Nature of Fund

An open ended debt fund which invests across duration with bias towards corporate bonds

Investment Strategy

The investment objective of the fund is to generate superior returns by investing in high quality debt instruments including Government securities, corporate bonds and money market instruments with an objective to maximize returns keeping in mind safety and liquidity of the portfolio.

Sustainable Equity Fund

(SFIN:ULIF02505/10/21SUSTAINEQU104)

Investment Group: Equity

New Fund

Nature of Fund

An open ended equity fund investing in companies that are in compliance on ESG principles

Investment Strategy

The objective of the fund is to focus on investing in select companies from the investment universe, which conduct business in socially and environmentally responsible manner while maintaining governance standards.

Pure Growth Fund

(SFIN: ULIF02630/12/22PUREGROWTH104)

Investment Group: Equity

New Fund

Nature of Fund

The investments in this fund will specifically exclude companies dealing in Banking, Alcohol, Tobacco products etc.*

Investment Strategy

The objective of the fund is to provide medium to long term return to the investors by actively managing portfolio through investment in equities, cash and money market instruments. Fund will not invest in companies that derive significant share of income from sectors such as Alcoholic beverages, Tobacco and tobacco products, certain animal produce, Gambling, Banking & Financial Services and Entertainment (cinema, TV etc.).*For Details please refer to the Sales Literature

NIFTY Smallcap Quality Index Fund

SFIN: ULIF02702/08/23NIFTYSMALL104

Investment Group: Equity

New Fund

Nature of Fund

To invest in a basket of stocks drawn from the constituents of NSE Smallcap 250 Quality 50 index.

Investment Strategy

The objective of the fund is to invest in a basket of stocks drawn from the constituents of NSE Smallcap 250 Quality 50 index. The fund will invest in the companies of the above index with similar weights as the index and generate returns as closely as possible, subject to tracking error.

Note: Returns are 5 year compounded annualised growth rate (CAGR). Past performance is not indicative of future performance. Star rating is Overall Rating. Rating and returns are as on 31^st March 2024

“ The Above mentioned Fund returns are after deduction of Fund Management Charges (FMC) ”

In the unit linked insurance policies, investment risk in the investment portfolio is borne by the policy holder. Past performance is not necessarily indicative of future performance. The 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. Returns are 5 year compounded annualised growth rate (CAGR). Rating and returns are as on 29^th February 2024

© 2020 Morningstar. All Rights Reserved. The information, data, analyses and opinions (“Information”) contained herein: (1) include the proprietary information of Morningstar and its content providers; (2) may not be copied or redistributed except as specifically authorised; (3) do not constitute investment advice; (4) are provided solely for informational purposes; (5) are not warranted to be complete, accurate or timely; and (6) may be drawn from fund data published on various dates. Morningstar is not responsible for any trading decisions, damages or other losses related to the Information or its use. Please verify all of the Information before using it and don’t make any investment decision except upon the advice of a professional financial adviser. Past performance is no guarantee of future results. The value and income derived from investments may go down as well as up.

The ‘Morningstar Overall Rating’ is a quantitative assessment of a fund’s past performance—both return and risk—as measured from one to five stars, with one (1) being the lowest and five (5) being the best as on 29^th February 2024.

ARN: PCP/OSPC2/060324

Wondering how Online Savings Plan can help you fulfil your child's dreams ?

Help me understand Online Savings Plan

Why Choose Max Life

Here are some of the numbers that speak about our accomplishments

Why Choose Max Life

Here are some of the numbers that speak about our accomplishments

Claims Paid Percentage

99.51%

(Source: Individual Death Claim Paid Ratio as per Audited Financials for FY 2022-2023)

Max Life's Presence

269 Offices

(Source: As reported to IRDAI, FY 2022-23)

Sum Assured

₹1,397,142 Cr.

In force (individual) (Source: Max Life Public Disclosure, FY 2022-23)

Assets Under Management

₹122,857 Cr.

(Source: Max Life Public Disclosure, FY 2022-23)

More reasons why our customers choose us

Frequently Asked Questions

1. When should I buy a child insurance plan?

With the ever-rising cost of education and all the activities, inputs that are required for a good upbringing of your child, you need to be smart about your financial planning. Child plans offer a disciplined and secure method of saving to safeguard your child’s future. Starting early on this journey will help you build a significant corpus for meeting the future expenses of your child’s education.

If you invest Rs. 5,000 a month for 20 years, your corpus can grow to Rs. 28,45,000 (@8% return). On the other hand, if you delay by just 5 years, you will have to invest Rs. 8,500 a month for 15 years to reach the same corpus. In effect, the 5-year delay has cost you an additional investment of Rs. 3,30,000!

Therefore buying a child plan as early as possible is the prudent thing to do. Parents can purchase a plan for a child as young as 14 days old, with the policy tenure varying from 15–25 years.

2. What are the things to consider while buying this plan?

If you have made up your mind to purchase your plan, it is important to decide how to go about choosing the right cover, term, fund in this plan. Here are some tips to guide you do this:

Arrive at a cover amount – The first step is estimating the amount of money you will need to fulfill your child's interests, aspirations. For instance, if you are buying the policy for your child’s education, factor in costs towards extra-curricular activities, travel, boarding etc. in addition to the course fee.
Policy term – A child plan can be purchased for a tenure varying from 5–30 years. Choose a policy term that coincides with an important milestone for your child. For instance, if your daughter is 2 years old today and you expect her to start her college at age 18, buy a policy with a term of 16 years.
Fund options – Most child insurance policies offer multiple fund options with varying degrees of risk (equity-debt allocation). Based on your financial risk appetite and investment tenure, choose the fund that meets your requirements.
Additional features - You should also check if the plan has additional features like family income benefit

3. Does this plan invest in markets?

In this plan, you pay regular premiums or for a limited period which are invested in funds.
Whether a fund invests in the market depends on your selection of fund.

The plan offers a choice of fund options. Based on your financial risk appetite, you can choose from fund options with varying degrees of risk (equity-debt allocation). Being market linked, these plans can give good returns over a long policy term.

4. What is so special about this plan?

Max Life Online Savings Plan is an insurance cum investment plan that helps you create a certain lumpsum amount for your child's future. At the end of the policy, this plan pays a lump sum amount which can be used to pay your child’s college fees or marriage expenses.

Not just this, the plan helps you protect your child's interests in case of an unfortunate event. This is done in 3 ways.

1. In the event of the policyholder’s death anytime during the policy term, the child/nominee receives the lump sum amount (death benefit) as promised at the time of purchasing the policy.

2. The policy does not end here. All future premiums are paid by the insurance company and the maturity benefits, at the end of the policy term, are also paid to the child. This ensures that your child receives the amount that you had planned for.

3. Not just this, this plan also offers a monthly income in addition to the lumpsum death benefit. This supports your family to meet their day to day expenses and maintain their lifestyle in your absence

5. What is the minimum amount that I can invest in this plan?

The minimum premium for this plan depends on the premium payment mode you choose. It is Rs. 36000 for the annual mode, Rs. 18000 for semi-annual mode, 9000 for quarterly mode and 3000 for monthly mode.

The minimum premium amount will only give you an idea of the benchmark. However, you are the best judge of how much is required for your child's education goal. Hence, it is important to go backwards from goal amount to arrive at an investment amount.

Why should you buy a Child Plan?

A child plans offers dual benefits of insurance as well as investment. It can take care of your child’s needs in your absence too. The lumpsum received at maturity can be utilized for your child’s education or marriage expenses.A child plan is a disciplined and secure method of saving to safeguard your child’s future. So, why not purchase one today and ensure your child a bright future?

Child Plans: Myths vs Reality

The biggest financial worry most Indian parents face is about mitigating the overwhelming and ever increasing cost of education. The misconceptions surrounding these plans cause several parents to be reluctant to buy them. When it comes to investing for your child, do not go by hearsay and take an informed decision. Here are a few common myths about child plans, and the real picture behind them.

Financial Planning for Your Child’s Education

If you are a child, you’d know how having your first child is the joy of all joys. Right from the early days of nurturing to good quality education to shape up her future, there are several key milestones in a child’s life that even parents go through in moulding their child into a responsible adult. To achieve such milestones without any hassles, it is imperative that financial planning be done at an early age.

Investment vs Investment + Insurance, What's Better For Your Child's Education?

While investing for your children, you aspire to provide a tidy nest egg for their future and safeguard them against any unforeseen circumstances. Investment for the future is paramount, but what better than providing an insurance cover as well. Even though ULIPs (Unit Linked Insurance Plans) and Mutual Fund Plans are very different in terms of their core offerings, they do have some similarities. While ULIPs serve a dual purpose of life insurance + investment, mutual funds are pure investment products.

Tips for Building Your Child’s Overseas Education Corpus

In the pursuit towards professional excellence, higher education from a reputed foreign university can be highly beneficial. It can provide your child great academic exposure and help build a competitive advantage. However, foreign education is expensive! By the time your child knocks on the university doors, costs would have shot up several times. To provide for this future expense, you must start early and plan well. Here are some tips.

THE 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 are different from the traditional insurance products and are subject to the risk factors. The Premium paid in Unit Linked Insurance policies are 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 policyholder/insured is responsible for his/her decisions. Max Life Insurance Company Limited is only the name of the Insurance Company and Max Life Online Savings Plan is only the name of the Non Participating 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 and returns. Past performance of the funds does not indicate the future performance of the funds.

All Applicable Taxes, Cesses, and Levies as imposed by the Government will be deducted from the premiums received.

Let’s Connect

Online Sales Helpline

0124 648 8900

(09:00 AM to 09:00 PM Monday to Saturday)

service.helpdesk@maxlifeinsurance.com
SMS 'LIFE' to 5616188

Let us call you back

Customer Service Helpline

1860 120 5577

(9:00 AM to 6:00 PM Monday to Saturday)

Chat with us

Please write to us in case of any escalation/feedback/queries.

Write to us

NRI Helpdesk

011-71025900; 011-61329950

(9:00 AM to 6:00 PM Monday to Saturday)

nri.helpdesk@maxlifeinsurance.com

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.

Corporate Office: Max Life Insurance Co. Ltd. 11th Floor, DLF Square, Building, Jacaranda Marg, DLF Phase 2, Sector 25, Gurugram, Shahpur, Haryana 122002

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

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)

^^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:104N118V04). 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-46800-on-taxes-if-the-insurance-premium-amount-is-rs15-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-54600-on-taxes-if-the-insurance-premium-amount-is-rs15-lakh-per-annum-for-life-cover-and-25000-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">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.

~ C onditions 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.

¹The 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 - 104N118V07)– 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:104N118V07)

^**Healthy non-smoking male, 24 years, 2 cr cover,25 years policy term,25 year premium payment term, exclusive of GST for Max Life Smart Secure Plus Plan (UIN:104N118V07)

~~Healthy non-smoking male, 24 years, 1 cr cover,25 years policy term,25 year premium payment term, exclusive of GST for Max Life Smart Secure Plus Plan (UIN:104N118V07)

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

_**

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.

⁷Available with Max Life Smart Wealth Plan (UIN: 104N116V11)

⁸Available with Max Life Smart Fixed-return Digital Plan (UIN:104N123V04). The guaranteed benefits are available with selected life insurance plans & are applicable if all due premiums are paid.

**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:104N118V07) with a life cover of Rs. 50 lakh.

^~~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 Total Elite Protection Plan (UIN:104N125V02) with a life cover of Rs. 2 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:104N118V07)

~^Disclaimer: 5 year return (CAGR – Compound Annualised Growth Rate) from Max Life High Growth Fund (ULIF01311/02/08LIFEHIGHGR104) as on 31/05/2023| 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).

**Disclaimer | Max Life Smart Secure Plus Plan. A Non Linked Non Participating Individual Pure Risk Premium Life Insurance Plan. | **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. | For Male, the Total premium to be paid in 25 years is Rs.2.09 lakhs (exclusive of GST). ~As compared to the similar modal points of Male, Female has to pay Rs.13,800 lesser premium than male for the entire policy term (exclusive of GST).

~3Disclaimer: A 35 year old female opting for a life cover of Rs. 1 Cr till the age of 75 years pays Rs. 3,319 monthly for 10 years while a 35 year old male will pay Rs. 4,168 monthly for 10 years

⁷Disclaimer: Rs. 1,00,29,587 after 14 years at policy maturity on monthly investment of Rs. 16,600 for 12 years for 30 year old male with Max Life Smart Wealth Plan – Long Term Variant. A non-linked non-participating individual life insurance savings plan. The guaranteed benefits are applicable only if all due premiums are paid. Total premiums paid is exclusive of GST. Life Insurance is available in this product. ARN: WP/SWP/250723.

Disclaimer: ^~10 year CAGR of Nifty SmallCap 250 Quality50 index as on 24/07/2023. Max Life Nifty Smallcap Quality Index Fund is passively managed Index fund that tracks the Nifty SmallCap 250 Quality50 index (subject to tracking error).

[12:27 PM] Abhishek Chakravarti (Gurugram Digital Center - Ecommerce)

Disclaimer: *6 Check the Total Premium amount against the respective monthly premium values in the below table.

Age of Male Applicant	Premium Amount for Rs. 75 lakh Term Plan		Premium Amount for Rs. 1 crore Term Plan		Premium Amount for Rs. 1.5 crore Term Plan		Premium Amount for Rs. 2 crore Term Plan
Age of Male Applicant	Smoker	Non-Smoker	Smoker	Non-Smoker	Smoker	Non-Smoker	Smoker	Non-Smoker
18 Years (PPT: 67 years)	1478/Month Total Premium payable: 11.88 lakh	923/Month Total Premium payable: 7.42 lakh	1521/Month Total Premium payable: 12.23 lakh	951/Month Total Premium payable: 7.65 lakh	2283/Month Total Premium payable: 18.35 lakh	1426/Month Total Premium payable: 11.46 lakh	2801/Month Total Premium payable: 22.52 lakh	1751/Month Total Premium payable: 14.08 lakh
25 Years (PPT: 60 years)	1848/Month Total Premium payable: 13.31 lakh	1155/Month Total Premium payable: 8.31 lakh	2083/Month Total Premium payable: 14.99 lakh	1302/Month Total Premium payable: 9.37 lakh	3125/Month Total Premium payable: 22.50 lakh	1953/Month Total Premium payable: 14.10 lakh	3778/Month Total Premium payable: 27.20 lakh	2361/Month Total Premium payable: 17.00 lakh
35 Years (PPT: 55 years)	2856/Month Total Premium payable:	1795/Month Total Premium payable:	3643/Month Total Premium payable: 21.86 lakh	2277/Month Total Premium payable: 13.66 lakh	5464/Month Total Premium payable: 32.79 lakh	3142/Month Total Premium payable: 18.85 lakh	6228/Month Total Premium payable: 37.37 lakh	3893/Month Total Premium payable: 28.02 lakh
45 Years (PPT: 40 years)	5130/Month Total Premium payable: 24.62 lakh	3206/Month Total Premium payable: 15.38 lakh	4818/Month Total Premium payable: 26.02 lakh	3011/Month Total Premium payable: 16.26 lakh	7227/Month Total Premium payable: 34.69 lakh	4517/Month Total Premium payable: 21.68 lakh	7873/Month Total Premium payable: 42.51 lakh	4920/Month Total Premium payable: 26.57 lakh
55 Years (PPT: 30 years)	9719/Month Total Premium payable: 34.99 lakh	6074/Month Total Premium payable: 21.87 lakh	13,912/Month Total Premium payable: 50.09 lakh	8,695/Month Total Premium payable: 31.30 lakh	20,869/Month Total Premium payable: 75.13 lakh	13,043/Month Total Premium payable: 46.96 lakh	27,400/Month Total Premium payable: 98.64 lakh	17,126/Month Total Premium payable: 61.65 lakh
60 Years (PPT: 20 years)	13299/Month Total Premium payable: 31.92 lakh	8312/Month Total Premium payable: 19.95 lakh	20,249/Month Total Premium payable: 60.75 lakh	12,655/Month Total Premium payable: 37.97 lakh	30,373/Month Total Premium payable: 91.12 lakh	18,983/Month Total Premium payable: 68.34 lakh	39,476/Month Total Premium payable: 118.43 lakh	24,672/Month Total Premium payable: 74.02 lakh

Age of Female Applicant	Premium Amount for Rs. 75 lakh Term Plan		Premium Amount for Rs. 1 crore Term Plan		Premium Amount for Rs. 1.5 crore Term Plan		Premium Amount for Rs. 2 crore Term Plan
Age of Female Applicant	Smoker	Non-Smoker	Smoker	Non-Smoker	Smoker	Non-Smoker	Smoker	Non-Smoker
18 Years (PPT: 67 years)	1265/Month Total Premium payable: 10.27 lakh	791/Month Total Premium payable: 6.42 lakh	1521/Month Total Premium payable: 12.23 lakh	951/Month Total Premium payable: 7.65 lakh	2282/Month Total Premium payable: 18.35 lakh	1426/Month Total Premium payable: 11.47 lakh	2801/Month Total Premium payable: 22.52 lakh	1751/Month Total Premium payable: 14.08 lakh
25 Years (PPT: 60 years)	1598/Month Total Premium payable: 11.51 lakh	999/Month Total Premium payable: 7.19 lakh	1769/Month Total Premium payable: 12.74 lakh	1102/Month Total Premium payable: 7.94 lakh	2653/Month Total Premium payable: 19.10 lakh	1658/Month Total Premium payable: 11.94 lakh	3112/Month Total Premium payable: 22.41 lakh	1945/Month Total Premium payable: 14.01 lakh
35 Years (PPT: 55 years)	2345/Month Total Premium payable: 15.48 lakh	1466/Month Total Premium payable: 9.68 lakh	2946/Month Total Premium payable: 17.67 lakh	1841/Month Total Premium payable: 11.05 lakh	4419/Month Total Premium payable: 26.51 lakh	2762/Month Total Premium payable: 16.57 lakh	5028/Month Total Premium payable: 30.17 lakh	3142/Month Total Premium payable: 18.85 lakh
45 Years (PPT: 40 years)	4284/Month Total Premium payable: 20.56 lakh	2678/Month Total Premium payable: 12.85 lakh	3909/Month Total Premium payable: 21.11 lakh	2443/Month Total Premium payable: 13.19 lakh	5864/Month Total Premium payable: 31.67 lakh	3665/Month Total Premium payable: 19.79 lakh	6588/Month Total Premium payable: 35.58 lakh	4118/Month Total Premium payable: 22.24 lakh
55 Years (PPT: 30 years)	7434/Month Total Premium payable: 26.76 lakh	4646/Month Total Premium payable: 16.73 lakh	10,245/Month Total Premium payable: 36.88 lakh	6,403/Month Total Premium payable: 23.05 lakh	15,368/Month Total Premium payable: 55.32 lakh	9605/Month Total Premium payable: 34.58 lakh	20,296/Month Total Premium payable: 73.07 lakh	12,685/Month Total Premium payable: 45.67 lakh
60 Years (PPT: 20 years)	9983/Month Total Premium payable: 23.96 lakh	6240/Month Total Premium payable: 14.98 lakh	15,035/Month Total Premium payable: 45.11 lakh	14,096/Month Total Premium payable: 28.19 lakh	22,553/Month Total Premium payable: 67.66 lakh	14,096/Month Total Premium payable: 42.29 lakh	29,266/Month Total Premium payable: 87.80 Lakh	18,291/Month Total Premium payable: 54.87 lakh

Online Savings Plan for your Child

5 Reasons to Buy this Online Savings Plan for Your Child

Comprehensive Plan that 'Invests' and 'Insures'

Unlimited Free Switches

Partial Withdrawals allowed

Zero Premium Allocation and Policy Administration Charge

Flexibility to Choose Policy Term and Premium Payment Term as per Your Convenience

Tax Benefit

Plan Benefits

Maturity Benefit

Death Benefit

Get Tax Benefit

How This Plan Works?

Check Your Eligibilty

Premium Paying Options

Downloads

Max Life Smart Ultra Protect Rider: (UIN: 104A049V01)

Max Life Critical Illness and Disability Secure Rider (UIN: 104A034V01)

Max Life Smart Ultra Protect Rider: (UIN: 104A049V01)

Max Life Critical Illness and Disability Secure Rider (UIN: 104A034V01)

New Fund

New Fund

New Fund

New Fund

New Fund

New Fund

Wondering how Online Savings Plan can help you fulfil your child's dreams ?

Claims Paid Percentage

99.51%

99.51%

Max Life's Presence

269 Offices

269 Offices

Sum Assured

₹1,397,142 Cr.

₹1,397,142 Cr.

Assets Under Management

₹122,857 Cr.

₹122,857 Cr.

Why should you buy a Child Plan?

Child Plans: Myths vs Reality

Financial Planning for Your Child’s Education

Investment vs Investment + Insurance, What's Better For Your Child's Education?

Tips for Building Your Child’s Overseas Education Corpus

Online Sales Helpline

0124 648 8900

(09:00 AM to 09:00 PM Monday to Saturday)

Customer Service Helpline

1860 120 5577

(9:00 AM to 6:00 PM Monday to Saturday)

Chat with us

NRI Helpdesk

011-71025900; 011-61329950

(9:00 AM to 6:00 PM Monday to Saturday)

Group Sites

DISCLAIMERS