Close
  • Close
Explore Products

Help Us To Help You

Thank you for your interest in YES BANK’s Personal Loan Product. Our representative will get in touch with you shortly

You may be eligible for a pre approved loan.
Login to NetBanking

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

UIN: 104L090V04

With Max Life Platinum Wealth Plan, accumulate and grow your savings through market-linked returns and additional wealth boosters which will help you achieve your long-term goals easily and protect your family’s future.

key attractions

Flexible Investment Options

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

Comprehensive Life Insurance

Coverage of 10 times the Annualised premium* and plus additional life cover

Guaranteed** Loyalty Additions and Guaranteed** Wealth Boosters

Enjoy Guaranteed** Loyalty Additions and Guaranteed** Wealth Boosters to further enhance your Policy Fund Value

Eligibility

  • Sum Assured: Minimum

    • Rs.2,50,000 (Single Pay)

    • Rs. 20,00,000 (Limited Pay and Regular Pay)

  • Entry Age:

    • Minimum: 91 days

    • Maximum:

      • 60 years (Single Pay and Limited Pay)

      • 55 years (Regular Pay)

  • Policy Term:

    • 10 years (Single Pay)

    • 10 - 20 years (Regular Pay and Limited Pay)

  • Maturity Age:

    • Minimum: 18 years

    • Maximum:

      • 70 years (Single Pay and Limited Pay)

      • 65 years (Regular Pay)

Benefits

Death Benefit:

The Death Benefit is defined as higher of following:

Single Pay Variant:

  • Sum Assured equal to 1.25 times the Single premium (reduced by applicable partial withdrawals, if any), or

  • 105% of cumulative premiums paid till the date of death, or

  • Total Fund Value (as on the date of death)

For Limited Pay/ Regular Pay Variant:

  • Sum Assured equal to higher of 10 times the Annualised premium* (reduced by applicable partial withdrawals, if any), or

  • 105% of cumulative premiums paid till the date of death, or

  • Total Fund Value (as on the date of death)

 

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).

 

Riders:

Max Life Partner Care Rider (UIN:104A023V02) - Sum of all future premiums payable under the base policy or till Life Insured attains an age of 60 years (whichever is earlier), will be paid immediately on Life Insured's death and the rider will terminate.

For more details on Riders, please refer to the respective Rider Prospectus.

 

Guaranteed** Wealth Boosters:

Apart from the Guaranteed** Loyalty Additions the company will also pay Guaranteed** Wealth Boosters to You, which is additional percentage of Fund Value to be added to the Fund by creation of additional units, at the end of every 5 years starting from 10th policy year.

  • Band 1: Annualised premium* is Less than 5 Lakhs (Guaranteed** Wealth Booster: 2% of Fund Value to be paid at the end of Year 10, 15 and 20 years)

  • Band 2: Annualised premium* is 5 Lakhs or more (Guaranteed** Wealth Booster: 2.5% of Fund Value to be paid at the end of Year 10, 15 and 20 years.

 

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.

*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.

Payment Options

Flexible Premium Payment Options:

  • Premium Payment Term:

    • Single Pay

    • 5 years (5 Pay)

    • 20 years (Regular Pay)

  • Payment Mode:

    • Single Pay

    • Annual

    • Half Yearly

    • 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

Corporate

Money Market

Equity & Equity

Risk Rating

Securities

Bonds

& Cash Instruments

related securities

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?

Scenario 1:

 

Scenario 2:

 

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.

#Please note that the above assumed rates of return @ 4% and 8% p.a. respectively, for Growth Super Fund, 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. For more information, please request for your policy specific benefit illustration.

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 Platinum Wealth 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/PWP/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.

what would you like to do next?

Important Documents
download app
Android App for YES BANK
App Store for YES BANK
yes pay wallet

Digital Wallet with free Virtual card and UPI which can be used to send/receive money, mobile/DTH recharge, pay bills and much more

Read More

Download Forms

Documents Required

  • MaxLife Platinum Wealth Plan - Premium Table
  • Commission Disclosure
  • MaxLife Platinum Wealth Plan - Leaflet
  • Rider Prospectus (UIN - 104A023V01)
  • MaxLife Platinum Wealth Plan - Product Prospectus