Online Savings Plan for Wealth creation

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All of us dream of a better future. A future that brings smiles to the faces of our loved ones. Fortunately, such smiles can become a reality with a little financial planning and disciplined investments. Here is a plan that helps you invest systematically, thereby creating wealth to fulfill your dreams.

Max Life Online Savings Plan (UIN: 104L098V05) provides the dual benefit of a lump sum payout for your goal along with protection from life's uncertainties. It also gives the flexibility to choose from a wide range of funds to suit your investment style and choice of policy term. What's more! With this plan, you can save taxes on your investments too.

5 Reasons to Buy this Online Savings Plan

  • Inbuilt Life Cover with Flexibility to Increase the Cover
  • Zero policy admin charge and Zero premium allocation charge
  • Flexibility to switch your money as many times you want
  • Flexibility to choose Policy Term from 5 years to 30 years
  • Flexibility to choose Investment Funds basis Risk Profile

What do You Get with this Online Savings Plan?

What do You Get with this Online Savings Plan?

Freedom from Investment Charges

Freedom from charges. No Allocation charge and not even a single rupee of administration charge

Complete Flexibility

Choice of 11 different funds to invest. Alternatively, invest through the Dynamic investment strategy, where the company maintains a balance between equity and debt to suit your risk  appetite

Move from One fund to Another as Many Times as You Wish to

Transfer your money from equity to debt of vice-versa depending on market movements. You can switch as many number of times as you wish

Protection and Returns under One Umbrella

The plan offers the best of both worlds - protection and returns. You get  life insurance cover and superior returns on your money through systematic investments in equity and debt funds. 

Choose to Pay Premiums for as long as You Wish to

You have the option to choose the policy duration and the number of years you wish to pay the premiums. The premium payment term and the policy term range from 5 to 30 years. 

Power to Save Tax too

You may be entitled to certain tax deductions on your premiums and proceeds under the policy benefits. Please note that all 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 this Online Savings Plan

All You Need to Know about this Online Savings Plan

Insert Image 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 for the Company or markets 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

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 the upper or lower limits of returns on 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.

Insert Image Death Benefit

On the death of the Life Insured during the term of the policy, the nominee shall get the highest of the following benefits:

  • Sum Assured equal to higher of Cover multiple times the Annualised Premium or 0.5 times the product of Policy Term and Annualised Premium (reduced by applicable partial withdrawals, if any), or
  • 105% of Total Premiums received up to the date of death, or
  • Total Fund Value (as on the date of death)

The policy terminates on the death of Life Insured.

Please note that the ‘applicable partial withdrawals’ mentioned above refer to all the partial withdrawals made during the two years period immediately preceding the death of the Life Insured.

Insert Image Tax Benefit

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

Case Study

Mr. Gupta aged 35 years purchased Max Life Online Savings Plan (Variant 1) with the details as below:
Premium Payment Term = 10 years; Policy Term = 20 years; Mode of Payment = Monthly
Annualised Premium = 50, 000; 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. respectively, for Balanced Fund, 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.

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, as given below, 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%

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

1.25%

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

1.25%

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

1.25%

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

1.10%

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

1.00%

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

0.90%

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

0.90%

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

0.90%

Discontinuance Policy Fund

(SFIN: ULIF02021/06/13LIFEDISCON104)

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

0.50%

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.

Variant 1:

Max (Max (Sum Assured, 105% of all premiums paid) – Total Fund Value, 0)

Please note that in the above definition Sum Assured reduced by applicable partial withdrawals, if any, shall be considered.

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

During Settlement Period:

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

 

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.

Online Savings Plan for Wealth creation - Maxlife Insurance

    No Surrender/Discontinuance charge shall be levied from the 5th 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 up to two partial withdrawals 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.

Criteria

Specification

Product Type


Unit-Linked Non-Participating Individual Life Insurance Plan

Coverage

All individuals in accordance with the Board Approved Underwriting Policy

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)

 Variant 1: 60 years

Maximum Maturity Age of the Life Insured (age as on last birthday)

 Variant 1: 70 Years

Policy Term

Pick a Policy Term:

Minimum – 5 years; Maximum – 30 years

Premium Payment Term

Pick a Premium Payment Term:

Minimum – 5 years; Maximum – Up to selected Policy Term

Minimum Annualised Premium

Annual Mode:            36,000

Semi Annual mode:   18,000

Quarterly mode:         9,000

Monthly mode:           3,000

Annualised Premium is defined as the total premium payable during a policy year.

Maximum Annualised Premium

No limit, subject to the limits determined in accordance with the Board approved underwriting policy of the Company.

Premium Payment mode

Annual, Semi-Annual, Quarterly and Monthly.

Sum Assured Multiple

The Sum Assured under the product is defined as Cover Multiple times the Annualised Premium

The cover multiple under this product varies with the two available variants and age at entry as shown below

Variant 1: Max Cover multiple allowed –

Age at Entry

(Age last birthday)

Cover multiple allowed

18 – 45

10, 15, 20

46 – 55

10, 15

56 & above

10

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
Downloads  Actions  
Policy Prospectus Download - Maxlife Insurance
  
Policy Contract
 Download - Maxlife Insurance
  
Policy Leaflet
 Download - Maxlife Insurance
  
Mortality Rates Download - Maxlife Insurance
  

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

Fund Returns
20.95%
Benchmark* Returns
17.72%
*(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

Fund Returns
7.29%
Benchmark* Returns
7.54%
*(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

Fund Returns
12.85%
Benchmark* Returns
12.93%
*(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

Fund Returns
9.63%
Benchmark* Returns
10.70%
*(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

Fund Returns
8.63%
Benchmark* Returns
9.54%
*(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

Fund Returns
7.31%
Benchmark* Returns
8.24%
*(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

Fund Returns
6.79%
Benchmark* Returns
7.54%
*(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.
Pure Growth Fund
(SFIN:ULIF02630/12/22PUREGROWTH104)

Investment Group: Equity

New Fund
Nature of Fund
Investments in this fund will specifically exclude companies dealing in Banking, Alcohol, Tobacco products, etc. (For details, please refer to the Sales Literature).
Investment Objective
The fund provides medium- to long-term returns to the investors by actively managing portfolio through investment in equities, cash, and money market instruments. The fund will not invest in companies that derive a 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.).
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.
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 the NSE Smallcap 250 Quality 50 index.
Investment Objective
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 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 31st October 2023

“ 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 policyholder. 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 31st October 2023

© 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 or 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 31st Oct, 2021.

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. Under this option, 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 the 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, 'Dynamic Fund Allocation' cannot be opted again. Also, after opting out, you can 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)

The Discontinuance Policy Fund is available only in the case of policy surrender or discontinuance within the first five policy years.

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 Company.

 

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%

99.51%

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

Max Life's Presence

269 Offices

269 Offices

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

Sum Assured

₹1,397,142 Cr.

₹1,397,142 Cr.

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

Assets Under Management

₹122,857 Cr.

₹122,857 Cr.

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

More reasons why our customers choose us

Frequently Asked Questions

Frequently Asked Questions

1. What is a Unit Linked Insurance Plan (ULIP)?

Unit Linked Insurance Plan (ULIP) is a type of insurance plan that combines investment and protection.

One portion of your premium is invested in stocks, bonds and other financial instruments so that your money grows based on the market’s performance. The remaining amount is invested in life insurance that will provide financial protection to your family. 

A unit-linked pension plan (or a market-linked pension plan) works in two phases :

a. Accumulation Phase - This period includes the time when you pay premiums to accumulate money. The regular contribution (premium) you make is invested by your insurance company on your behalf.

b. Reaping Phase - One-third of the corpus is paid to the policyholder while the remaining is invested in an annuity scheme.

At the end of the second phase, the investments, along with the benefits from the scheme are paid to you at regular intervals.” 

2. Where should i invest - ULIPs or Mutual Funds?

Unit Linked Insurance Plans are a type of life insurance plans that offer the dual benefit of investment and insurance. Mutual Funds is an investment product where several investors pools money and invests in stocks, bonds, money market instruments and other types of securities. 

What should you invest in - ULIP or Mutual Fund ? The answer is it depends on your financial goals and risk appetite. Both the instruments have unique benefits that suit different needs and hence it purely depends on which benefits help you attain your financial goals. Also, you need to keep in mind things like your risk appetite (low or medium or high), the time of investment (long-term or short-term), number of dependents and the need for coverage in case of an unfortunate event that will help you take the right decision for yourself.

3. Do I get tax benefits by investing in a ULIP?

Unit Linked Insurance Plans provide tax benefits under section 80C of income tax. The benefit is up to Rs 1.5 lakh.

A ULIP product comes with a lock-in period of five years. This product also comes under the exempt-exempt-exempt (EEE) category for the income tax.

You can get the tax benefit while investing which means the earnings from the fund are not taxable and the maturity is also not taxable under section 10D of income tax.

4. Do i get guaranteed returns in ULIPs?

Investment returns from ULIP may not be guaranteed.

In unit linked policies, the investment risk in the portfolio is chosen by the policyholder and hence borne by them as well. Depending upon the performance of the unit linked fund/s chosen (be it equity or debt or balanced); the policy holder may achieve gains or losses on his/her investments. Also, the past returns of a fund are not necessarily indicative of the future performance of the fund.

5. What are the different types of charges in a ULIP Plan?

ULIPs from different insurance companies have varied charge structures When making a decision on buying a ULIP scheme, you must be aware of the charges applicable.

  • Fund management charges - It is levied for managing the fund as a percentage of the value of the assets.
  • Discontinuation charges - It is to be paid at the time of discontinuation with the ULIP before lock-in period.
  • Mortality charges - This is charged basis Sum at Risk on every monthly anniversary  by cancelling of units
  • Surrender charges - It is levied in case of partial or premature withdrawal of units.
  • Premium allocation charges - It is a charge that is incurred towards issuing of a policy.
  • Policy administrative charges - It is a charge incurred for maintaining the ULIP policies.
  • Fund switching charges - A fee that is applicable for switching your fund type.
  • Other charges - The insurance provider deducts certain charges such as administration charges, fund management charges, mortality charges, etc. in the form of units. The premium amount is used to buy units, and the investment amount is quantified in the form of units bought.

ARN No : PCP/WIP/03082023

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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

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