261158786 20-APR-2021
Mr. Bhavik Dipakkumar Thaker
5/B RAJESHWARI SOC
.
OPP. S.T. NAGAR,KAPADWANJ ROAD,NADIAD
KHEDA - 387001
Gujarat, India
9099919359
Congratulations! You are eligible to receive a bonus of `9,488.43 on
your Max Life Life Gain Premier for paying all your premiums regularly.
Dear Mr. Bhavik Dipakkumar Thaker,
Greetings from Max Life Insurance!
Thank you for choosing us as your Life Insurance Partner. We are happy to inform you that you have received a bonus of `9,488.43 on your
policy 261158786 for the policy year 2021-22 which has a base insurance cover of `6,72,176.00.
Policy Details
Life Insured
Mrs. Jankiben Bhavik Thaker
Effective Date of Coverage Premium Payment Frequency Next Premium Due Date
20-APR-2015 Monthly 20-APR-2021
Date of Maturity Annual Premium (excl. GST) Policy Status
20-APR-2035 `59,999.76 Premium paying
Surrender Value GST Maximum Loan Permissible @ 7.65%
`2,12,230.73 `1,350.00 `1,06,115.36
Bonus Details
Bonus option Opted Paid Up Addition (Base + OPPB) PUA Sum Assured (Base + OPPB) GST deducted
Paid-up Additions `9,488.43 + `0.00 = `9,488.43 `-64,103.75 + `.00 = `-64,103.75 `213.64
Total Death Benefit
Guaranteed Death Benefit (Base) `6,72,176.00
Death Benefit accrued due to bonus (PUA) till date + `1,01,591.81
Total Death Benefit = `7,73,767.81
We value your association with us and assure you the best of our services always.
Warm Regards,
Max Life Insurance Company Limited
Important Information:
• GST shall comprise CGST, SGST / UTGST or IGST (whichever is applicable) including cesses and levies, if any. All applicable taxes, cesses and levies, as per
prevailing laws, shall be borne by you
• Any payout under the policy shall be subject to Tax Deduction at Source (TDS) as per the provisions of the Income Tax Act, 1961. In case TDS is applicable,
TDS @ 20% will be deducted from the payouts if PAN is not provided. To update your PAN, SMS UPDATEPAN <PAN No> <Policy No> to 5616188
• We request you to verify your email Id, mobile number, bank account details etc. made available to us and inform us changes, if any, at the earliest to avoid
any inconvenience. To update, please visit us at [Link]
• *Rider death benefits (if any) are applicable as per the terms and conditions mentioned in the rider contract. Also, the guaranteed death benefit consists of
base sum assured, PUA sum assured (if any) and OPPB sum assured (if any)
BNS01 V4.8 18082020
GLOSSARY
LIFE INSURED
The person whose life is covered and the Company would pay out the death benefits(s) to the nominee in case of his/her death.
TOTAL DEATH BENEFITS
The amount that is due to nominee on occurrence of death of Life Insured.
RIDER
An attachment to a policy, which provides benefits in addition to the benefits mentioned in the base policy.
SURRENDER VALUE
The sum of rupees that is paid to the policyholder, on surrendering the
policy before the death of the insured or before the policy matures.
PAID UP ADDITION(PUA)
Bonus declared is used as premium to purchase additional sum assured
which increases the sum assured of the policy unless withdrawn.
Note: The above glossary is for your reference, please refer the policy document for detailed Terms & Conditions of your policy. In case of any contradiction
between the two, the policy Terms & Condition shall prevail.
Know why should stay invested
Life insurance is a savings and financial protection instrument that gives corpus at the end of a period.
The main objectives are:
To build a habit of disciplined savings to To provide protection against the loss of an
meet the life stage goals earning member of the family
This is an electronically generated document and does not require any signature.
Product UIN: 104N079V01
BNS01 V4.8 18082020
