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

UIN: 104N094V03

With Max Life Future Genius Education Plan provide for your child’s higher education needs and financial emergencies through disciplined savings.

key attractions

Flexible Payment & Policy terms

Between 13-21 years depending on your child’s graduation needs

Flexible Payouts

Money backs depending on the education needs of your child

Enhanced protection

Get enhanced protection through Riders


  • Sum Assured:

    • Minimum:

      • Rs.3,27,000 (8 Pay variant)

      • Rs. 2,12,000 subject to minimum premium limit (Limited Pay variant)

    • Maximum: No limit, subject to limits determined in accordance with the Board approved underwriting policy of Max Life Insurance

  • Entry Age:

    • Minimum: 21 years

    • Maximum: 45 years

  • Maturity Age: 66 years

  • Policy Term:

    • Minimum: 13 years

    • Maximum: 21 years


Death Benefit:

  • Provides comprehensive Death Benefit in case of death of Life Insured

  • Multiple Settlement options available:

    • Lump Sum Death Benefit option

    • Monthly Income Death Benefit option

  • Policy Continuance Benefit: In addition to Death Benefit, all future premiums will be waived and all benefits, that is, Survival Benefits & Maturity Benefits are paid to the beneficiary as and when due, thus, ensuring that your dream for your child’s future is taken care of even in your absence


Survival Benefit:

  • Survival Benefit: Four money backs each equal to 25% of Sum Assured are payable in the last four policy years.

    • Money back 1 (Policy Term less 3 years)

    • Money back 2 (Policy Term less 2 years)

    • Money back 3 (Policy Term less 1 year)

    • Money back 4 (at the end of Policy Term)

  • Terminal Bonus (if any): is an additional bonus paid only once on earlier of maturity/ surrender


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



  • Max Life Term Plus Rider (UIN:104B026V03) - provides additional lump sum benefit in case of death of the Life Insured

  • Max Life Accidental Death & Dismemberment Rider (UIN:104B027V03) - Extended protection cover for the family in case of dismemberment or death of the insured due to accident

  • Max Life Waiver Of Premium Plus Rider (UIN:104B029V03) - provides waiver of all future premiums in case of Critical Illness or dismemberment or Death


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:

    • 8 pay variant (8 years)

    • Limited Pay variant - Policy Term less 3 years

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

  • Payment Mode:

    • Annual

    • Semi-Annual

    • Quarterly

    • Monthly

How Does It Work?



Illustration Disclaimer:

*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.

#Please note that the above-assumed rates of return, 4% and 8%, are only scenarios at these rates after recovering all applicable charges. These are 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

^Please note, on completion of Policy Term one-time Terminal bonus (if any) and accrued Paid Up Additions (if any) shall be payable as Maturity Benefit

^^The nominee can also choose to take Death Benefit as monthly income in which case he/she will get Rs.16,857as monthly income for 135 months.


Important Notes

1. Kindly note that the above case studies are only examples and do not in any way create any rights and/or obligations. The actual experience of the policy may be different from what is shown above. The above scenarios are depicted at 4% and 8% investment returns with no PUA withdrawals during the Policy Term. These illustrated rates of investment returns are 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

2. Bonuses are non-guaranteed and are declared at the sole discretion of the Company.

3. For more information, please request for your Policy specific benefit illustration.

4. Total Payout= Survival Benefit+ Accrued Paid Up Additions and Terminal Bonus


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 Future Genius Education Plan, Non Linked Participating Individual Life Insurance Saving Plan UIN- 104N094V03 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.


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- , 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 /FGEP/Webpage/June 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:, Website:


  • 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.

For more details on YES Bank copyright & disclaimer and Privacy Policy, please visit our website

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Documents Required

  • MaxLife Future Genius Education Plan - Premium Table
  • Commission Disclosure
  • MaxLife Future Genius Education Plan - Leaflet
  • Rider Prospectus (UIN - 104B029V03)
  • Rider Prospectus (UIN - 104B027V03)
  • Rider Prospectus (UIN - 104B026V03)
  • MaxLife Future Genius Education Plan - Product Prospectus
  • MaxLife Future Genius Education Plan - Standard Disclaimer