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    75 Lakh Term Insurance Plan

    Even though life is uncertain and unpredictable, it is crucial to always stay prepared for the future, especially when it comes to our loved ones. A 75 lakhs term insurance plan is one of the best ways to ensure your family’s financial security and safety even when you’re not around while also giving you much-needed peace of mind....Read More

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    Rohit Ghosh

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

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    Bhaskar Sinha

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

    What Is A 75 Lakhs Term Insurance Plan?

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    A term insurance plan is the purest form of life insurance, providing financial aid to a policyholder’s loved ones in case of the former’s untimely demise. Therefore, being a variation of standard term policies, a 75 lakhs term insurance plan offers life coverage (commonly known as the death benefit) worth Rs. 75 lakhs for a specified duration or ‘term’

    Suppose you purchase the best term insurance plan for 75 lakh, then the person stated as the beneficiary/nominee will be eligible to receive a death benefit of Rs. 75 lakhs in the unfortunate event of your death. So, by buying a 75 lakhs term insurance plan, you can ensure that your loved ones have a financial cushion to fall back on in your absence. Better yet, since the term insurance 75 lakhs policy is the purest life insurance product, you can get such high coverage at affordable costs.

    Why Purchase 75 Lakhs Term Insurance Plan?

    While the primary reason for purchasing a 75 lakhs term insurance plan is safeguarding your family’s future, it is also a wise long-term financial investment. So, here are some reasons why one should consider investing in one of the best term insurance plan for 75 lakhs:

    Comprehensive Coverage

    One of the key benefits of purchasing a 75 lakhs term insurance plan is its comprehensive life coverage. Since 75 lakhs is a substantial amount, buying the term policy will provide your loved ones with sufficient financial assistance. Additionally, the death benefit can be used to pay for household expenses, utilities, education, loans, and more such expenses.

    Economical Premiums

    In addition to offering comprehensive coverage, a 75 lakhs term insurance plan is also economical. While many people assume that the premiums for term insurance policies are pretty high, they are quite affordable instead. For instance, you can get the 75 lakhs term insurance plan for a nominal monthly premium of Rs. 800 if you purchase it at a young age.

    Availability of Add-On Covers

    Today, most insurance providers offer policyholders the option to extend the coverage of their term insurance policy by opting for add-on covers. Therefore, you can easily increase the life cover of the 75 lakhs term insurance plan by purchasing riders for critical illness, accidental death*, return of premium variant**, permanent disability, and more.

    Increased Savings & Investments

    Since a 75 lakhs term insurance plan provides long-term coverage and financial security, you can focus on increasing your savings and investments with other financial instruments such as fixed deposits, mutual funds, ULIPs, etc.

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    How Does 75 Lakhs Term Insurance Work?

    As the name suggests, term insurance is a comprehensive insurance policy that provides life coverage for a fixed term. It acts as a financial backup for the insured individual’s family, offering them a death benefit in case of the policyholder’s demise. Additionally, this payout sum can be used for several expenses like utility bills, education, marriage, home loans, making it easier to fulfill all financial requirements.

    75_Lakh_Term_Insurance-2.png
    So, let’s look at how a 75 lakhs term insurance plan works:
    • As discussed earlier, term insurance policies offer life coverage for a pre-specified duration or term.
    • If the policyholder/insured individual dies during this period, their nominee or beneficiary will be eligible to receive the death benefit from the insurer.
    • However, to avail of the benefits of the 75 lakhs term insurance plan, policyholders are required to pay a pre-determined premium cost. The premium varies from one individual to another as it depends on many factors like age, gender, annual income, smoking habits, etc.
    • The policyholder can choose to pay the premiums for the 75 lakhs term insurance plan monthly, quarterly, bi-annually, or annually, depending on their preference and feasibility.
    • While the premium amount remains unchanged throughout the policy tenure, failure of payment of premiums will result in the termination of the term insurance 75 lakh policy.
    • In case the policyholder doesn’t die during the policy term, there will be no survival benefits unless they opt for a Return Of Premium Variant**.

    How to Determine the Right Coverage Amount?

    75_Lakh_Term_Insurance-3.png

    When buying life insurance, it is essential to evaluate whether the coverage amount will be sufficient to meet your family’s financial needs. While it is not an easy task, there are some factors that you can consider to determine the right coverage amount. Therefore, if you’re unsure about buying the 75 lakhs term insurance plan, consider the following:

    Your Age

    Since older people are more prone to illnesses, diseases, and health concerns, the term insurance premiums are slightly higher. Hence, it is advisableto purchase a 75 lakhs term insurance plan while you’re still young so you can take advantage of the affordable premiums. Plus, doing so will also ensure that you and your family stay financially secured for a longer duration.

    Annual Earnings/Income

    The general rule of thumb for buying term insurance dictates that the coverage amount should be at least 10 times your annual income. For instance, if your yearly income is Rs. 7 lakhs and 50 thousand, then the term insurance coverage amount should ideally be Rs. 75 lakhs or more. However, you can also use Max Life’s term insurance calculator to make the process simpler.

    Financial Dependents

    As the primary purpose of buying a 75 lakhs term insurance plan is financial security, you also need to consider the number of family members dependent on you. Plus, you also need to take into account their financial requirements and needs such as education, marriage, loans, etcetera, and evaluate if the term insurance 75 lakh policy will be sufficient.

    Pending Loans & Liabilities

    When buying a 75 lakhs term insurance plan, it is crucial to consider any pending liabilities such as home loans, car loans, or education loans. Accordingly, you must calculate if the 75 lakhs term insurance plan will be able to provide enough financial assistance for the same.

    Benefits of 75 Lakhs Term Insurance Plan

    In addition to providing complete financial security, a 75 lakhs term insurance plan comes with several other benefits such as:

    Pocket-Friendly Premiums

    The most significant benefit of purchasing one of the best term insurance plan for 75 lakh is the low-cost and pocket-friendly premiums. While most people think of term insurance policies as expensive and unaffordable, it is quite the opposite. Instead, you get long-term life coverage for premiums as economical as Rs. 800 per month. However, the premium cost will vary depending on your age, gender, annual income, and other personal details.

    Tax Benefits

    As per Section 10(10D) of the Income Tax Act, the death benefit payout of term insurance policies is exempt from taxes. Therefore, if you purchase a term insurance 75 lakh policy, the death benefit plus any accumulated bonuses and incentives will be completely exempt from taxes. Even better, you claim income tax deductions for the premiums paid towards the 75 lakhs term insurance plan.

    Payout Options

    Today, term insurance policies come with several death benefit payout options. For instance, nominees can either choose to receive the sum assured in a lump sum or as a monthly income. Similarly, you can also opt for the lump sum plus monthly income payout, depending on your expenses and the financial situation.

    Customization Of Riders

    When buying a 75 lakhs term insurance plan, policyholders also have the option to choose riders or add-on covers. These include critical illness rider, return of premium variant **, accidental death benefit*, and more such add-ons that can be used to enhance the life cover. So, depending on your requirements, you can easily customize and personalize the term insurance policy.

    Who Should Opt for a 75 Lakhs Term Insurance Plan?

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    While the answer to this question depends on several factors, you can consider purchasing a 75 lakhs term insurance plan if you come under the following categories/situations:

    • An individual with a regular source of income and minimum liabilities can purchase the 75 lakhs term insurance plan.
    • If you’re in your early 20s or 30s, buying term insurance is an excellent idea as it provides long-term coverage and ensures financial security. Plus, you also get access to affordable premiums.
    • Whether you are salaried or self-employed, you might want to think about investing in term insurance as it acts as a safety net for your loved ones even when you’re not around.
    • If you’re the sole breadwinner of your family, purchasing a term insurance 75 lakh policy will make sure that your family’s financial requirements will be met in the case of your demise.
    • Individuals who have financial dependents must evaluate opting for the best term insurance plan for 75 lakh while keeping in mind their future financial needs such as education, marriage, and other expenses.
    • People with outstanding loans and liabilities should consider investing in a 75 lakhs term insurance plan. Doing so will ensure that their family will be able to pay off such pending expenses with ease.

    How to Select The Right Term Insurance Policy?

    When buying term insurance, the premium cost is often the most crucial factor for most people. However, the premium depends on various things such as your age, gender, yearly income, nicotine consumption, and other personal details.

    So, below is a table to make it easier for you to compare the premiums for the 75 lakhs term insurance plan. It includes the base premium amount plus the cost if you choose to opt for riders based on different age groups. Let’s take a look:

    The following figures are calculated based on: Gender (Male) + DOB + Non-Smoker + Annual Income (5-7 lakhs) + Salaried Individual + Coverage upto 75 years of Age

    For CIDR Rider: (SA: Rs 5 lakhs, Gold variant Term upto Base Term)


    AgePremium for 75 Lakhs Term Insurance Plan (Monthly)Premium for 75 Lakhs Term Insurance Plan +  Critical Illness & Disability# Rider (Monthly)Premium for 75 Lakhs Term Insurance Plan +  Waiver of Premium Plus Rider#(Monthly)
    20Rs. 611Rs. 742Rs. 626
    30Rs. 911Rs. 1,120Rs 947
    40Rs. 1,591Rs. 1,949Rs 1,702
    50Rs. 3,037Rs. 3,610Rs 3,435
    60Rs. 5,805NARs 6,548

      1Premiums exclude GST. CIDR rates mentioned in the table are for a sum insured of Rs. 5 lakhs (base cover unchanged) for the CIDR Platinum Plus Variant, valid up to the age of 60.

    75 Lakhs Term Insurance Plan | Max Life Insurance

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    Max Life’s Smart Secure Plus Plan [A non-linked non-participating individual pure risk premium life insurance plan | UIN: 104N118V05] is an innovative term insurance policy designed to offer a life cover of Rs. 75 lakhs at affordable & low-cost premiums. Additionally, the term plan is loaded with unique features like two death benefit payout options and two premium payment (regular or limited pay) options. However, there are also other features such as:

    • Built-In Terminal Illness Cover-This in-built feature offers a lump sum payout of up to Rs. 1 crore on the diagnosis of a terminal illness such as cancer.
    • Special Exit Value – A feature with a surrender offering whereby the policyholder has the option to receive all premiums paid back at one specified point during the policy term.

    • Joint Life Cover* – Policyholders get the option to extend the coverage of the 75 lakhs term insurance plan to their spouse
    • Premium Break## – This feature offers policyholders the option to skip paying the term insurance premiums without losing the coverage. However, it can only be availed twice during the policy term.

    • Sum Assured Top-Up* – This feature gives policyholders the option to voluntarily top-up the sum assured by 100 percent

    The Smart Secure Plus Plan by Max Life Insurance is one of the best term insurance plans for 75 lakhs available in the market. In addition to providing financial security to your loved ones, it also gives you peace of mind. So, even when you’re no longer around, you’ll know your family’s future is in safe hands.

    Check out the different Online Insurance Plans from Max Life!

    • Max Life Smart Secure Plus Plan

      Comprehensive death benefit for your family member(s) in case of your unfortunate demise during policy term

      Guaranteed maturity benefits/Income Benefit and accrued guaranteed additions to help meet your life goals

      Multiple variants - lumpsum; short term income, long term income, and whole life income with unique benefits

      Know more
    • Max Life Smart Term Plan

      Financial protection against critical illnesses, including heart attack, cancer, and kidney failure

      Flexibility to choose the most suitable premium payment options that fits your budget and income

      Life coverage along with return of premium option to get the premiums paid back as a survival benefit

      Know more
    • Max Life Online Savings Plan

      Comprehensive death benefit covering the policy tenure, along with saving money for various life goals

      Monthly income, accrued bonuses, and flexible fund options for the policyholders with no policy charges

      Flexibility to choose a policy term up to 85 years, premium payment term and payouts to fit your needs

      Know more
    • Max Life Cancer Insurance Plan

      A comprehensive Cancer Insurance Plan that provides a payout at all stages of Cancer

      Get 10% increase in original sum assured in case of no claims for the first 5 years

      20% of Sum Insured - Waiver of premium, in early stage diagnosis

      Lumpsum payout - annual income for 5 years in major stage diagnosis

      Tax benefit under section 800, as per prevailing tax laws

      Know more
    • Max Life Smart Wealth Plan

      Comprehensive death benefit for your family member(s) in case of your unfortunate demise during policy term

      Guaranteed maturity benefits/Income Benefit and accrued guaranteed additions to help meet your life goals

      Multiple variants -lumpsum, short term income, long term. income, and whole life Income with unique benefits

      Know more
    • Long Term Income

      Guaranteed Income benefit for 25 or 30 years after the policy period ends, as per the sub variant selected

      Terminal benefit which equals total premiums paid, post completion of the payout period payable to nominee

      Two premium payment options - 6 and 10 years to be chosen as per suitability of the plan for your needs

      Know more
    • Term Plan with Return of Premium

      Option to receive the premiums paid back on successful survival of the insured till end of policy term

      Death benefits for your family members in case of any eventuality leading to the loss of your life

      Limited pay options to pay for term plans with return of premium - 5 Pay, 10 Pay, 12 Pay, 15 Pay, or 60 Pay

      Know more
    • Max Life Critical Illness and Disability Rider

      Additional protection against upto 64 critical illnesses depending on the rider variant you select

      Total and Permanent Disability Cover on the occurrence of disability arising from sickness or injury

      Wellness benefit to avail a discount on annualised renewal premiums as per healthy weeks you accumulate

      Know more
    • Max Life Waiver of Premium Plus Rider

      Waiver of all future premiums in case of the covered dismemberment so that you can live worry-free

      Future premiums waiver in case you suffer from critical illnesses as specified in the rider terms

      Continued benefits of the base policy to give you peace of mind about maintaining various life expenses

      Know more

    Frequently Asked Questions

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    Like all other term insurance policies available in the market, the 75 lakhs term insurance plan has a minimum entry age requirement of 18 years while the maximum entry age is 65 years.
    The premium for the term insurance 75 lakhs policy depends on various factors, including your age, gender, annual income, smoking habits, and whether you are salaried or self-employed. So, you can use the term plan calculator available on our website to figure out the premium costs for the term policy.
    The minimum age requirement for buying a term insurance plan is 18 years.
    There are several riders available with Max Life’s 75 lakhs term insurance plan, such as premium break, critical illness cover, accidental death benefit, and waiver of premium plus rider# (UIN: 104B029V04)
    Yes, you can buy term insurance policies online. All you need to do is visit the term plan calculator on our website and enter personal details such as age, gender, income, etc. Next, you can customize the plan by adding riders such as critical illness cover and continue with the purchase by providing the required documents and making the payment.
    The 75 lakhs term insurance plan comes with a free-look period of 15 days(30 days if policy is sourced through Distance Marketing modes), depending on the plan’s specific details. You can choose to surrender the policy and get back the amount of any premiums paid during the period.
    While there is no right or wrong time to purchase term insurance, it is best to do so while you are still young. This will ensure you get access to affordable premiums and keep you covered for an extended period.

    ARN NO: PCP/75LTI/200223

     #*Tax benefits are subject to changes in tax laws.

    Other Disclaimers:

    1)*On payment of additional premium

    2)**On payment of additional premium. Upon policyholder’s selection of Return of Premium variant, this product shall be a Non-Linked & Non participating Individual Life Insurance Saving Plan

    3)#Applicable riders available on the payment of Additional Premium are Max life Critical Illness & Disability Rider | Non-Linked Non Participating Individual Pure Risk Premium Health Insurance Rider| UIN 104b033V01 and Max Life Waiver of Premium Plus Rider| A Non-Linked Non Participating Individual Pure Risk Premium Health Insurance Rider| UIN 104B029V03

    4)##Available at an additional premium for policies with Policy Term greater than 30 years & 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 Terms separated by interval of at least 10 years

    Customer Reviews

    Max Life Term Insurance Plan

    “Subodh Mishra helped me a lot in getting the money. He personally collected the documents and helped me at every step. I am extremely thankful to him and I would like to buy another Max lIfe policy in future”

    Subodh Mishra

    Max Life Term Insurance Plan

    “I already have a policy and buying this was a nice experience. This is according to my requirement. Completely satisfied with details shared by customer care executive before purchasing the policy.”

    Gaurang Kumar Pawar

    Max Life Term Insurance Plan

    “I visited Amritsar branch after the demise of my son. My family was not left with a single penny and it was getting impossible to make the ends meet. Vinay Sharma gave me the right direction and helped me at every step to receive the claim amount and gave a source of income to my family. I thank him and bless him from the bottom of my heart.”

    Vinay Sharma

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

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

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

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

       

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      7CMO Asia BFSI Excellence Award 2019

       

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

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

      ##

      Tax conditions :

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

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

      CI Rider disclaimers:

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

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

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

      22 critical illnesses covered in gold and gold plus variant

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

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

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

      ~1 Conditions for Special exit value:

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

      ~2 Voluntary Top-up Sum assured:

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

      ^^*^^Free look period conditions:

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

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

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

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

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

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

      Terms and conditions for availing 5% employee discount:

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

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

      9

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

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

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

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

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

      ARN - ARN/Web/01/21042021

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

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

      For Total Installment Premium -**Total Installment Premium is the Premium payable as per premium paying frequency chosen, it excludes GST and applicable taxes, cesses or levies, if any; and includes loadings for modal premiums, Underwriting Extra Premium and Rider Premiums if any.

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

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

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

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

      6

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

      ##

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

      #

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

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

      ~

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

      #~

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

      ~1

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

      6

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

      **

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

      *

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

      7

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

      8

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

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

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

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

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

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

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