(A Non-Linked Non-Participating Individual Pure Risk Premium Life Insurance Plan)
Provide a secure financial future for your loved ones, against the risks of Death, Disease and Disability.
INR 1 cr cover at just Rs 533/month~
Get Basic Cover / Basic Cover + Regular Income / Basic Cover + Increasing Income
Enhance insurance cover with 'Life Stage Event Benefit'
Sum Assured (Base Cover):
Minimum: Rs.25 lakhs
Maximum: Rs.100 crores
Critical Illness: Rs. 5 lakhs to 50 Lakhs
Entry Age :
Regular Pay: 60 years
Pay till 60: 50 years
Pay till 10: 49 years
Regular Pay & Pay till 60: 10 years
Pay till 10: 15 years
Regular Pay & Pay till 60: 50 years subject to Maximum Maturity Age (85 years)
Pay till 10: 50 years subject to Maximum Maturity Age (85 years)
Death Benefit :
Option 1: Basic Life Cover - Pays your nominee a fixed amount (100% sum assured)
Pay until the age of 60 years and get coverage up to 85
Option 2: Basic Life Cover along with Monthly Income - pays your family a fixed amount (100% sum assured) + a fixed sum every month (0.4% of the Sum Assured) for 10 years as fixed monthly income
Monthly income benefit is payable over and above the base Sum Assured
Option 3: Basic Term Life Cover and Increasing Monthly Income - Pays your family a fixed amount (sum assured) + an increasing monthly income for 10 years wherein the first year monthly income shall be 0.4% of the policy sum assured that keeps increasing by 10% per annum (simple interest) every year to account for increasing living cost
Maturity Benefit :
No maturity / surrender benefit under the plan.
As a pure term plan, the product provides only death benefit in case of unfortunate death of the Life Insured, provided the policy is in force.
Tax Benefits :
As per the prevailing tax laws, the premium paid is eligible for tax exemption under section 80 C as per the Income Tax Act 1961. Death benefits received by the policyholder’s nominee are also tax free.
Max Life Comprehensive Accident Benefit Rider (CAB) (UIN:104B025V03) - Get additional protection for accident leading to dismemberment or death
Max Life Waiver of Premium Plus Rider (WOP) (UIN:104B029V03) - Get waiver of all future premiums in case of critical illness/dismemberment/death
For more details on riders, please refer to the detailed rider prospectus available on www.maxlifeinsurance.com
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.
Flexible Premium Payment Options:
Regular Pay - Premium payment term will be the same as the policy term
Pay till 60 - The premium payment term will be equal to (60 less Entry Age (Age last birthday)), subject to minimum premium payment term of 10 years and entry age being less than or equal to 50 years.
10 Pay - The premium payment term is fixed for 10 years and entry age being less than or equal to 49 years.
Basic Life Cover
Basic Life Cover along with Monthly Income
Basic Term Life Cover and Increasing Monthly Income
*Annualised Premium: means Premium amount payable during a Policy Year chosen by Policyholder, excluding Underwriting Extra Premium, loading for modal premium, RiderPremiums and applicable taxes, cesses or levies if any# Absolute amount assured to be paid on death is equal to zero under this product.
~Standard Premium for 28-year old male, non-smoker, base plan policy term of 30 years, premium payment term of 30 years (exclusive or inclusive of GST).
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. For more details on the risk factors, terms and conditions, please read the prospectus carefully before concluding a sale. 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. Tax benefits are subject to changes in tax laws. 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/OTPP/Web Page/Feb 2020
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