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(A Non-Linked Non-Participating Individual Pure Risk Premium Life Insurance Plan)

UIN – 104N086V04

Provide a secure financial future for your loved ones, while enabling them to cope up with rising inflation.

key attractions

Increasing Life Cover Option

Meet your family’s needs and counter inflation with an increasing life cover option

Affordable Rates

Provides comprehensive insurance cover at affordable rates

Flexible Payout

Lumpsum or lumpsum plus increasing monthly income according to your needs


  • Sum Assured (Base Cover):

    • Minimum: Rs. 25 Lakhs

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

Two Options :

  • Level Sum Assured (Sum Assured remains fixed throughout the Policy Term)

  • Increasing Sum Assured (Sum Assured increases by 5% p.a. at simple rate on each Policy Anniversary)

  • Entry Age :

    • Minimum: 18 years

    • Maximum: 65 years

  • Policy Term:

    • Minimum:10 years

    • Maximum:35 years


Death Benefit:

Multiple Settlement Options:

  • Option 1: Nominee can take the full Guaranteed** Death Benefit as lump sum

  • Option 2: Nominee can take 50% of the Guaranteed** Death Benefit as lump sum and 0.42% of Guaranteed** Death Benefit as monthly income for 10 years (settlement period) increasing at 8.5% p.a. (simple) every year starting from Policy anniversary following the date of death. At any time during the settlement period, the nominee shall have the right to commute the remaining payouts

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.


  • Max Life Accidental Death & Dismemberment Rider (UIN:104B027V03) - Get additional protection cover in case of accidental death or disability.

  • Max Life Waiver Of Premium Plus Rider (UIN:104B029V03) - Get waiver of all future premiums in case of critical illness/ dismemberment/ death.

For further details, please refer to the Max Life Waiver of Premium Plus Rider Brochure/Prospectus.

Death waiver applicable only when life insured and policy holder are different.

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.

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:

  • Regular Pay - Premium payment term will be the same as the policy term

How Does It Work?

Settlement Option1:


Settlement Option2:


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

Other disclaimers:

  1. The income will start from Policy Anniversary following date of death

  2. The above illustrations and stated values are only suggestive. Actual Premium amount and sum assured may vary depending on age, health conditions and certain other factors


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


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- , 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/STP/Web Page/Feb 2020


  • 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 Super Term Plan - Premium Table
  • Commission Disclosure
  • MaxLife Super Term Plan - Leaflet
  • Rider Prospectus (UIN - 104B029V03)
  • Rider Prospectus (UIN - 104B027V03)
  • MaxLife Super Term Plan - Product Prospectus
  • MaxLife Super Term Plan - Standard Disclaimer