Max Life Fast Track Super
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Personal Banking
Max Life Fast Track Super
(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
1. Why This Plan?
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Achieve long-term goals while securing your future through a single plan
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Enjoy market-linked returns by investing in any of the six fund options
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Get additional loyalty rewards for staying invested
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Safeguard your investments against market volatilities with Systematic Fund Transfer and Dynamic Fund Allocation mechanism
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Guaranteed loyalty additions
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Flexibility to make Partial Withdrawals to meet unplanned expenses
2. Sum Assured and Eligibility
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Sum Assured: Minimum
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Single Pay (Rs.1,25,000)
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5 Pay variant (Rs. 5,00,000)
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Regular Pay variant (Rs. 2,50,000)
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Entry Age : Min. 18 years, Max. 60 years (5 pay and Single Pay), 50 years (Regular Pay)
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Policy Term: 10 years (Single Pay and 5 Pay); 20 years (Regular Pay)
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Maturity Age: 70 years
3. Death Benefit :
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Level Death Benefit: On death of the Life Insured, higher of Sum Assured or Fund Value (as per the prevailing NAV as on the date of death), subject to a minimum of 105% of all premiums paid, shall be payable
4. Maturity / Survival Benefit :
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On maturity, you will be eligible to receive an amount equal to the Fund Value (provided settlement option has not been exercised).
5. Get Tax Benefits :
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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.
6. Flexible Premium Payment Options :
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Premium Payment Term: Single Pay, 5 years (5 Pay) and 20 years (Regular Pay)
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Payment Mode: Annual, Semi-Annual, Quarterly and Monthly.
7. Choose Your Investment Strategy :
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You may choose to invest in six funds available in this plan.
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Option to choose for either Systematic Transfer Plan or Dynamic Fund Allocation strategy
8. Seamless Claim Settlement Process :
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Nominee contacts Max Life and a dedicated Claims relationship officer is assigned to him / her to assist in the claims process.
- Link to Claim Settlement Section / FAQs and Numbers.
How Does It Work? - Link to Point 2
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Scenario 1:
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Scenario 2:
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*Please note that the above assumed rates of return @ 4% and 8% p.a. respectively, for Balanced 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.
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Link to point 7:
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Fund Name |
Nature of Fund |
Government |
Corporate |
Money Market |
Equity & Equity |
Risk Rating |
|
Securities |
Bonds |
& Cash Instruments |
related securities |
|||
|
High Growth Fund |
An open ended equity multicap fund with focus on midcaps |
0%-30% |
0%-30% |
0%-30% |
70%-100% |
Very High |
|
Growth Super Fund |
An open ended equity fund with focus on large caps |
0%-20% |
0%-20% |
0%-30% |
70%-100% |
High |
|
Growth Fund |
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 |
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 |
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Secure Plus Fund (SFIN: ULIF01628/04/09LIFESECPLS104) |
An open ended debt fund which invests across duration |
60-100% |
0-40% |
0-40% |
Nil |
Low |
Disclaimers
The 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. Ltd. Max Life Insurance Co. Ltd.11th Floor, DLF Square Building, Jacaranda Marg, DLF City Phase II, Gurugram - 122002 (Haryana). IRDAI Registration No. – 104. For more details on 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. Trade logos displayed belong to Max Financial Services Limited and Mitsui Sumitomo Insurance Co. Ltd. respectively and are used by Max Life Insurance Co. Ltd. under a license. Insurance is the subject matter of solicitation. For more details on the rider and the various terms and conditions, please refer to the Rider Prospectus(s) available at www.maxlifeinsurance.com. For further details, call Customer helpline number -1860 120 5577
YES BANK Limited is the Corporate Agent of Max Life Insurance Co. Ltd. Registered Office: YES BANK Tower, IFC – 2, 15th Floor, Senapati Bapat Marg, Elphinstone (W), Mumbai 400 013, India. IRDAI Certificate Regn. No. CA0125 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.
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 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.
ARN: Max Life/YBL/Website/FTSP/ Jan 2018
BEWARE OF SPURIOUS PHONE CALLS AND FICTITIOUS / FRAUDULENT OFFERS
IRDAI clarifies to public that
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IRDAI or its officials do not involve in activities like sale of any kind of insurance or financial products nor invest premiums.
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IRDAI does not announce any bonus.
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Public receiving such phone calls are requested to lodge a police complaint along with details of phone call, number.
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