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Max Life Fast Track Super

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(A Unit-Linked Non Participating Individual Life Insurance Plan)

UIN: 104L082V04

With Max Life Fast Track Super Plan, fast track your financial goals while providing protection to your family and their financial needs.

key attractions

Family Financial Security

Achieve long-term goals while securing your future through a single plan

Flexible Investment Options

Enjoy market-linked returns by investing in any of the six fund options

Loyalty Benefits

Get guaranteed** loyalty additions for staying invested

Sum Assured and Eligibility

  • Sum Assured (Minimum)

    • Single Pay (Rs.1,25,000)

    • 5 Pay variant (Rs.5,00,000)

    • Regular Pay variant (Rs.2,50,000)

  • Entry Age:

    • Minimum: 91 days,

    • Maximum:

      • 60 years (5 pay and Single Pay)

      • 50 years (Regular Pay)

  • Maturity Age:

    • Minimum: 18 years

    • Maximum: 70 years

  • Policy Term:

    • 10 years (Single Pay and 5 Pay)

    • 20 years (Regular Pay)

Benefits

Death Benefit:

  • Level Death Benefit: On death of the Life Insured, higher of Sum Assured or Fund Value (as per the prevailing Net Asset Value {NAV} as on the date of death), subject to a minimum of 105% of all premiums paid, shall be payable

 

Maturity / Survival Benefit:

  • On maturity, you will be eligible to receive an amount equal to the Fund Value (provided settlement option has not been exercised)

Fund Value, where the Fund Value will be calculated as:

Fund Value = Summation of [Accumulated Units in Fund(s) X NAV of respective Fund(s) as on the Maturity Date]

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

 

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. Tax benefits are subject to change in tax laws. It is advisable to seek an independent tax advice

 

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

Payment Options

Flexible Premium Payment Options:

  • Premium Payment Term:

    • Single Pay

    • 5 years

    • 20 years

  • Payment Mode:

    • Annual

    • Semi-Annual

    • Quarterly

    • Monthly

 

Choose Your Investment Strategy:

  • You may choose to invest in six funds available in this plan

  • Option to choose for either Systematic Transfer Plan or Dynamic Fund Allocation strategy

Fund Name

Nature of Fund

Government

Securities

Corporate

Bonds

Money Market

& Cash Instruments

Equity & Equity

related securities

Risk Rating

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

An open ended equity multicap fund with focus on midcaps

0%-30%

0%-30%

0%-30%

70%-100%

Very High

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

An open ended equity fund with focus on large caps

0%-20%

0%-20%

0%-30%

70%-100%

High

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

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

0%-30%

0%-30%

0%-40%

20%-70%

High

Balanced Fund

(SFIN: ULIF00225/06/04LIFEBALANC104)

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

20%-50%

20%-40%

0%-40%

10%-40%

Medium

Conservative Fund
(SFIN: ULIF00325/06/04LIFECONSER104)

An open ended hybrid fund investing predominantly in debt instruments

50-80%

0-50%

0-40%

0%-15%

Low

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

An open ended debt fund which invests across duration

50-100%

0-50%

0-40%

Nil

Low

Secure Plus Fund (SFIN: ULIF01628/04/09LIFESECPLS104)
(Available with Systematic Transfer Plan only)

An open ended debt fund which invests across duration

60-100%

0-40%

0-40%

Nil

Low

How Does It Work?

 

Illustration disclaimer:

*Annualised Premium includes extra premium (if any) but excludes all applicable taxes, cesses and levies as imposed by the Government as well as any loadings for modal premiums and remains same irrespective of the premium payment mode

#Please note that the above-assumed rates of return, 4% and 8%, are only scenarios at these rates after recovering all applicable charges. Theseare not guaranteed and they are not the upper or lower limits of returns of the Funds selected in your policy, as the performance of the Funds is dependent on a number of factors including future investment performance.

Disclaimers

**The Guaranteed and Non-Guaranteed benefits are applicable only if all due premiums are paid.

 

THE LINKED INSURANCE PRODUCTS DO NOT OFFER ANY LIQUIDITY DURING THE FIRST 5 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 5TH YEAR. ALL APPLICABLE TAXES, CESSES AND LEVIES AS IMPOSED BY THE GOVERNMENT TO TIME WILL BE DEDUCTED FROM THE PREMIUM RECEIVED.

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 Company Limited is a Joint Venture between Max Financial Services Limited and Mitsui Sumitomo Insurance Co. Limited. Max Life Insurance Co. Ltd., 11th Floor, DLF Square Building, Jacaranda Marg, DLF City Phase II, Gurugram (Haryana) -122 002. 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 Fast Track Super Plan is only the name of the Unit-linked Non Participating Individual Life Insurance Plan 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. For more details on risk factors, Terms and Conditions please read sales Prospectus carefully before concluding a sale. Past performance of the funds does not indicate the future performance of the funds. 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. Insurance is a subject matter of solicitation. Trade logos displayed belong to Max Financial Services Ltd. and Mitsui Sumitomo Insurance Co. Ltd. respectively and are used by Max Life Insurance Co. Ltd. under a license. You can call us on our Customer Helpline No. 1860 120 5577, Website- https://www.maxlifeinsurance.com/ , SMS 'LIFE' to 5616188.

YES BANK Limited is the Corporate Agent of Max Life Insurance Co. Ltd. Registered Office: YES BANK Limited, IFC - 2, 15th Floor, Senapati Bapat Marg, Elphinstone Marg (W), Mumbai – 400013. The purchase of a Max Life Insurance product by YES BANK’s customer is purely on a voluntary basis. As YES BANK is not in the business of insurance, there is no link either direct or indirect between the banking services offered by the bank to its customers and use of the insurance products.

IRDAI Certificate Regn. No. CA0125

IRDAI Regn. No: 104

ARN No.: Max Life/Yes Bank/Auraa /FTS/Web Page/Feb 2020

BEWARE OF SPURIOUS / FRAUD PHONE CALLS!

  • 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.

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  • MaxLife Fast Track Super Plan - Premium Table
  • Commission Disclosure
  • MaxLife Fast Track Super Plan - Leaflet
  • MaxLife Fast Track Super Plan - Product Prospectus