Max Life Future Genius Education Plan

With Max Life Future Genius Education Plan(A Non-Linked Participating Savings Insurance Plan) provide for your child’s higher education needs and financial emergencies through disciplined savings.

1. Why This Plan?

• Flexible premium payment and policy terms (between 13-21 years) depending on your child’s graduation needs

• Flexible timing of money backs depending on the education needs of your child

• Get 4 money backs spread across 4 years during your child’s higher education term

• Enhanced protection through Riders

2. Sum Assured and Eligibility

• Sum Assured : Min: 8 Pay variant Rs.3,27,000, Limited Pay variant Rs. 2,12,000 (subject to minimum premium limit) Max: No limit, subject to limits determined in accordance with the Board approved underwriting policy of Max Life Insurance)

• Entry Age : Min. 21 years, Max. 45 years

• Policy Term: Min. 13 years, Max. 21 years

• Maturity Age: 66 years

3. 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

4. Survival Benefit

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

• Moneyback 1 (Policy Term less 3 years);

• Moneyback 2 (Policy Term less 2 years);

• Moneyback 3 (Policy Term less 1 year);

• Moneyback 4 (at the end of Policy Term)

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

5. Get 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.

6. 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 and Monthly.

7. Riders :

• Max Life Term Plus Rider - provides additional lump sum benefit in case of death of the Life Insured

• Max Life Accidental Death & Dismemberment Rider - 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 - provides waiver of all future premiums in case of Critical Illness or dismemberment or Death

8. 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.

• Link to Claim Settlement Section / FAQs and Numbers.

Calculate Premium Or Talk To Us

Download Links:

How Does It Work? - Link to Point 3 & 4 : Options

**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.