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^^Save Rs. 46800 when 1.5 lakhs is invested in insurance for a person falling in the 30% tax slab and adding 4% education cess applicable for current financial year.
1 Source: Max Life Insurance Public Disclosure, 2018-19.
2 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 nominee's photo identity proof • Discharge/Death summary attested by hospital authorities or FIR & Post Mortem Report/viscera report (in case of accidental death)
3All 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 (6.25 % for p.a. FY’19) 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.
4 InstaClaimTM is available for all variants of Max Life Online Term Plan (UIN 104N078V01) and Max Life Online Term Plan Plus (UIN 104N092V01 / UIN 104N092V02 / UIN 104N092V03).
IRDAI - Registration No. 104.
Corporate Identity Number (CIN):U74899PB2000PLC045626.
Trade logos displayed above belong to Max Financial Services Limited and Mitsui Sumitomo Insurance Co. Ltd. respectively and are used by Max Life Insurance Co Ltd under a license.
*#Individual Death Claims, 2018 (Source: Max Life Public Disclosure FY 2018-19)
** Standard Premium For 24-Year Old Male, Non-Smoker, 25 Years Policy Term, 25 Year Premium Payment Term (exclusive of GST).
Max Life Smart Term Plan. A Non-Linked, Non-Participating, Term Insurance Plan (UIN: 104N113V01).
^On payment of additional premiums
*^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. A non-participating, Non-Linked, Term Insurance Plan (UIN - 104N092V03).
~35 year old male, non-smoker opting for a 1 Cr cover for a policy term of 50 years opts for a regular term vs 5 pay ^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.
Life insurance cover is available in this product. Insurance is the subject matter of solicitation. For more details on the risk factors, terms and conditions, please read the product sales prospectus on www.maxlifeinsurance.com carefully before concluding a sale. For details on the riders- Max Life Waiver of Premium Plus Rider (UIN104B029V02) & Max Life Comprehensive Accident Benefit Rider (UIN104B025V02) please refer to the Rider prospectus on www.maxlifeinsurance.com.
Copyright @2013 Max Life insurance Co. Ltd. All Rights Reserved. An ISO 9001:2008 Certified Company.
Max Life Insurance Co. Ltd. is a Joint Venture between Max Financial Services Ltd. and Mitsui Sumitomo Insurance Co. Ltd.
Registered Office: 419, Bhai Mohan Singh Nagar, Railmajra, Tehsil Balachaur, District Nawanshahr, Punjab -144 533.
Corporate Office: Max Life Insurance Co. Ltd., 3rd, 11th and 12th Floor, DLF Square Building, Jacaranda Marg, DLF City Phase II, Gurugram (Haryana) - 122002.
Operation Center: Max Life Insurance Co. Ltd, Plot No. 90-A Udyog Vihar, Sector 18, Gurugram (Haryana) - 122015.
Helpline: 1860 120 5577 (9:00 A.M to 6:00 P.M Monday to Saturday, except National Holidays; call charges apply). Online Term Plan Helpline: 1800 200 3383.
Fax Number:0124-4159397. Email Ids: email@example.com; firstname.lastname@example.org