Max Life-Life Perfect Partner Super
(A Non-Linked Participating Individual Life Insurance Savings Plan; UIN:104N077V03)
With Max Life Perfect Partner Super plan, take care of your partner’s financial needs with a life cover till you reach the age of 75 years and also enjoy stress-free post-retirement life through guaranteed sum assured on maturity
1. Why This Plan?
Manage your post retirement expenses at ease through guaranteed annual money-backs
Protect your partner’s future in case of eventualities with additional riders
Growing Life Cover - guaranteed life cover which continues to grow though bonuses till you reach age of 75 years
Get life insurance coverage until the age of 75 years
2. Sum Assured and Eligibility :
Sum Assured : Min. Rs.50,000, subject to minimum premium of Rs.8,500 for policies with premium payment term of 10/15/20 years and Rs. 20,000 for policies with premium payment term of 7 years.
Maximum: No Limit (subject to Board approved underwriting policy of the Company)
Entry Age : Min 91 days
Policy Term : 75 years less Age at entry of Life Insured
Age at entry : 91 days, Max: 45/50/55 (based on premium payment term)
Maturity Age: Max Maturity Age: 60 years (5 Pay Variant); 65 years (Regular Pay Variant)
3. Death / Maturity Benefit :
On death during the term of the policy or on maturity (as the policyholder attains the age of 75 years or on the policy anniversary whichever happens later), the following benefits will be paid:
Guaranteed Death Benefit, plus
Accrued Paid-Up Additions (if any), plus
Terminal Bonus (if any)
4. 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. It is advisable to seek an independent tax consultation. Tax benefits are subject to change in tax laws.
5. Riders :
Max Life Term Plus Rider (UIN:104B026V03)
Max Life Accidental Death & Dismemberment Rider (UIN:104B027V03)
Max Life Waiver Of Premium Plus Rider (UIN:104B029V03)
(For further details, please refer to respective rider prospectus)
6. Growing Life Cover through Annual Bonuses :
Bonuses (if any) will be declared every year from the end of 2nd policy year (24th policy month) on the Guaranteed Maturity Sum Assured and from the end of 3rd policy year (36th policy month) on accrued Paid-up additions (if any) thereafter every year end
The Policyholder can take bonuses through any of the three options :
Purchase Paid Up Additions (PUA) – Bonus declared by the Company will be used to purchase Paid Up Additions
Paid In Cash - Bonus declared by the Company is paid out to the Policyholder as and when declared.
Premium Offset - Bonus declared by the Company will be used to offset future premiums
7. Flexible Premium Payment Options :
Payment Term: 7 years, 10 years, 15 years or 20 years
Payment Mode: Annual, Semi-Annual, Quarterly and Monthly.
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 point to 3
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 assumed rate of returns with 4% and 8% and these are not the upper or lower limits of
what one can expect from this policy, as it is dependent on number of factors including future investment
2. 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.
3. Bonuses are non-guaranteed and are declared at the sole discretion of the Insurance Company.
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: Max Life/YBL/Website/LPPS/ Jan 2020
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