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Max Life Whole Life Super

Max Life Whole Life Super

Max Life Whole Life Super

With Max Life Whole Life Super, you have a savings plan which helps you systematically build a corpus for your family. The plan provides you a life cover which will keep growing with the addition of the company bonuses & will last till you are 100 years old.

1 . Why This Plan?

  • Pay premiums for only a limited number of years and enjoy protection up to the age 100 years

  • Life cover continues to increase as your age increases through bonuses

  • Flexibility to withdraw money to meet any financial commitment

  • Additional protection benefits through rider(s)

2. Eligibility

  • Entry Age :

  • Min. 18 years

  • Max. 60 / 55/ 50 years for the premium payment term of 10/15/20 years respectively

  • Maturity Age: 100 years

  • Policy Term: 100 years minus the age at entry of the life insured

3. Death Benefit :

  • In case of death of the Life Insured within the Policy Term, the beneficiary shall receive the following benefits:

    • Guaranteed Death Benefit, plus

    • Accrued Paid Up Additions (if any), plus

    • Terminal Bonus (if any)

  • Guaranteed Death Benefit is defined as higher of:

  • 11 times the annualised premium,

  • 105% of all premiums paid by Policyholder as on the date of death

  • of the life insured,

  • Guaranteed Maturity Sum Assured chosen by the Policyholder at policy inception

  • The policy will terminate in case of the death of the life insured.

4. Maturity Benefit:

On maturity, that is, policy anniversary coinciding with or immediately following Life Insured’s 100th birthday, the following benefit will be paid:

  • Guaranteed Maturity Sum Assured, plus

  • Accrued Paid Up Additions (if any), plus

  • Terminal Bonus (if any)

5. Bonus Option

Flexibility to choose among the following bonus options basis your need:

  • Paid in Cash – Bonus declared is paid to you in cash

  • Premium Offset – Bonus declared is used to offset future premiums payable by you

  • Paid Up Additions – Bonus declared is used to purchase additional sum assured that helps you boost the maturity value

6. 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 advice.

7. Flexible Premium Payment Options:

  • Premium Payment Term: 10 /15/ 20 years

  • Payment Mode: Only Annual mode

8. Add Riders

  • Max Life Term Plus Rider

  • Max Life Accidental Death & Dismemberment Rider

  • Max Life Waiver Of Premium Plus Rider

9. 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:

Premium Table :

Max Life Whole Life Super Premium Rates PDF

Commission Disclosure :

Commission Disclosure PDF

Leaflet :

Max Whole Life Super Leaflet PDF

Prospectus :

Max Life Whole Life Super Prospectus PDF

How Does It Work: link to point 3 and 4

Mr. X is 30 year old salaried employee. He wishes to buy an insurance to protect his life and also wants to

save enough to create a legacy for his children. He decides to buy Max Life Whole Life Super with a Guaranteed Maturity Sum Assured of Rs.5,00,000. He decides that the 20 year term is a suitable option as he is comfortable paying annually, for 20 years till age 50 years. The Premium for his policy is Rs.12,405 to be paid per year

Here are some scenarios that can happen

Scenario 1: Mr. X pays all due policy premiums and survives till end of the policy term. He will receive the

following benefits:

 

1447424159494

 

Scenario 2: Mr. X pays all his premiums, for 20 years, and dies at age 60, that is after 30 years after taking

the policy. In such a case the nominee under the policy receives

 

1447424159507

*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 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

performance.

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.

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