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Max Life Super Term Plan

Max Life Super Term Plan

Max Life Super Term Plan– Needs always grow, so should your protection cover

(A Non Linked Non Participating Term Insurance Plan; UIN: 104N086V03)

Life Insurance coverage is available in this product. 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

Key Features:

  • Option To Cope Up With Rising Inflation: Max Life Super Term Plan offers a unique Sum Assured option, where the Sum Assured increases by 5% every year at simple rate till the end of the Policy Term without any increase in the Premium. This helps your Life Insurance Plan cope with the rising inflation and in line with your upgrading life style

  • Flexibility To Choose The Benefit Payout: On death of the Life Insured, the nominee can choose the Settlement Option:

    • Option 1: He / she will have an option to receive the entire Death Benefit as lump sum

    • Option 2: Receive 50% of Guaranteed Death Benefit as lump sum and 0.42% of Guaranteed Death Benefit as monthly income for 10 years increasing at 8.50% p.a. (simple rate) every year starting from the policy anniversary following the date of death

  • Flexibility To Choose Between Policy Terms: Choose Policy Terms from a minimum of 10 years to maximum of 35 years

  • Comprehensive Insurance Cover At Affordable Rates: Max Life Super Term Plan offers comprehensive insurance cover at affordable rates to take care of your loved ones in case you are not around

Disclaimers

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. Max Life Accidental Death & Dismemberment Rider (UIN – 104B027V02) & Max Life Waiver Of Premium Plus Rider (UIN – 104B029V02) are available under the plan. 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 Toll free number – 1800 200 5577

YES BANK Limited is the Corporate Agent of Max Life Insurance Co. Ltd. Registered Office: YES BANK Limited, Nehru Centre, 9th Floor, Discovery of India, Dr. A.B. Road, Worli, Mumbai – 400 018. 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.

ARN: Max Life/YBL/Website/STP/ Jan 2018

BEWARE OF SPURIOUS PHONE CALLS AND FICTITIOUS / FRAUDULENT OFFERS
IRDAI clarifies to public that

  • IRDAI or its officials do not involve in activities like sale of any kind of insurance or financial products nor invest premiums.

  • IRDAI does not announce any bonus.

  • Public receiving such phone calls are requested to lodge a police complaint along with details of phone call, number.

 

For more details on risk factors, terms and conditions please read the Prospectus carefully before concluding a sale.

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