(A Non-Linked Non-Participating Individual Life Insurance Savings Plan)
With Max Life Assured Wealth Plan, get assurance on returns as well as fulfillment of your financial goals.
Get fully guaranteed** lump sum maturity benefit to meet your savings goals
Build wealth in a short time by saving systematically through short premium payment term
Lump sum death benefit is paid immediately on death of Life Insured, with Rider options
Guaranteed** Sum Assured at Maturity: Minimum: Rs. 1,61,225
Entry Age :
Minimum: 91 days
Maturity Age: 70 years
Policy Term: 10 years, 15 years, 20 years
For Premium Payment Term 5 years, Policy Term 10, 15, 20 years
For Premium Payment Term 8 years, Policy Term 16 years
For Premium Payment Term 10 years, Policy Term 15, 20 years
Premium Payment Term:
Death Benefit :
Lump sum ‘Death Benefit’ is payable immediately on the death of the Life Insured and is defined as the higher of:
10 times the Annualised Premium* and underwriting extra premium (if any),
105% of Sum of Total premiums paid^ plus underwriting extra premiums^^ plus loadings for modal premium(if any) as on the date of death of life insured,
Guaranteed** Sum Assured on Maturity,
Any absolute amount assured to be paid on death#
The policy gets terminated after payment of Death Benefit
Maturity Benefit :
Maturity benefit is equal to Guaranteed** Sum Assured on Maturity (GSAM). The policy gets terminated after the payment of maturity benefit
Tax Benefits :
You may be entitled to certain applicable tax benefits on your premiums and Policy benefits. Please note that all the tax benefits are subject to tax laws prevailing at the time of payment of premium or receipt of benefits by you. It is advisable to seek an independent tax advice
Max Life Waiver of Premium Plus Rider (UIN:104B029V03): Provides waiver of all future premiums in case of Critical Illness or dismemberment or Death (only when Life Insured and Policyholder are different individuals). This product doesn’t have an inbuilt Waiver of Premium benefit and thus rider benefit is an additional benefit
Max Life Accidental Death and Dismemberment Rider (UIN:104B027V03): Provides additional benefits in case of death or dismemberment of the Life Insured due to an accident
Max Life Term Plus Rider (UIN:104B026V03): Provides additional lump sum benefit in case of death of the Life Insured
For more details on Riders, please refer to the respective Rider Prospectus.
Seamless Claim Settlement Process :
Nominee contacts Max Life and a dedicated Claims relationship officer is assigned to him / her to assist in the claims process
- *Annualised Premium: means Premium amount payable during a Policy Year chosen by Policyholder, excluding Underwriting Extra Premium, loading for modal premium, Rider Premiums and applicable taxes, cesses or levies if any# Absolute amount assured to be paid on death is equal to zero under this product
- ^Total Premiums Paid: means the total of all Premiums received, excluding Underwriting Extra Premium, loading for modal premium, Rider Premiums, and applicable taxes, cesses or levies, if any
- ^^Underwriting Extra Premium: means an additional amount charged by Us, as per Underwriting Policy, which is determined on the basis of disclosures made by Policyholder in the Proposal Form or any other information received by Us including medical examination report of the Life Insured
- #Absolute amount assured to be paid on death: is equal to zero under this product.
Flexible Premium Payment Options :
Premium Payment Term:
*Annualised Premium shall be the premium amount payable in a policy year chosen by the policyholder, excluding Extra Premium, Rider Premium, loading for modal premiums and applicable taxes, cesses and levies, if any.
Kindly note that the above illustrations are only examples and do not in any way create any rights and/or obligations.
**The Guaranteed and Non-Guaranteed benefits are applicable only if all due premiums are paid.
YES Bank is a registered Corporate Agent of Max Life Insurance Company Limited under the Corporate Agency License no. CA0125. The Life Insurance Products are offered and underwritten by Max Life Insurance Company Limited having IRDAI Registration No:104, CIN: U74899PB2000PLC045626 having its corporate office at 11th Floor, DLF Square Building, Jacaranda Marg, DLF City Phase II, Gurugram (Haryana) -122 002
Max Life Assured Wealth Plan, Non Linked Non Participating Individual Life Insurance Saving Plan UIN- 104N096V04 are obligations only of Max Life Insurance Company Limited. They are not Bank deposits or obligations of or guaranteed by YES Bank Limited. All claims under the policy will be solely decided upon by Max Life Insurance Company Limited.
The purchase of any insurance product by YES Bank Customers is purely voluntary and is not linked to availment of any other facility from YES Bank. For more details on risk factors, benefits, waiting period, exclusions, coverage, terms and conditions please read the sales brochure carefully before concluding the sale.
Tax benefits on the Insurance Product are subject to the conditions and limits mentioned in the Income Tax Act 1961 as amended from time to time. Customer is advised to take an independent view from tax consultant.
All guaranteed benefits are payable only when applicable as per the product premiums are paid when due.
LIFE INSURANCE COVERAGE IS AVAILABLE IN THIS PRODUCT.THIS LIFE INSURANCE PRODUCT IS OFFERED AND UNDERWRITTEN BY MAX LIFE INSURANCE CO. LTD. THE LIFE INSURANCE CONTRACT IS BETWEEN THE PROPOSER AND MAX LIFE INSURANCE CO LTD.
Max Life Insurance Co. Ltd. is a joint venture between Max Financial Services Limited and Axis Bank Ltd. 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. 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. Customer Helpline number 1860 120 5577, Website- https://www.maxlifeinsurance.com/ , SMS 'LIFE' to 5616188.
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. Policy holders are advised to consult tax expert for better clarification /interpretation.
ARN: Max Life/Yes Bank/AWP /Webpage/March 2021
IRDAI Regn No: 104 I CA Regn. No. CA0125
For any queries with respect to Insurance Policies bought through YES Bank, kindly contact us at our Toll Free No: 18001200, Email ID: firstname.lastname@example.org, Website: www.yesbank.in
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