Non-Linked Participating Individual Life Insurance Savings Plan | UIN : 104N135V02
Ms. B Biswas
(UIN : 104N135V02)
INSTA INCOME
You shall pay Rs.57,000 (excluding taxes) on an Annual mode
for 12 [Link] Policy Term is for 25 years.
Starting from 22/Mar/2026
an Income of Rs.22,914* shall
be payable Annually to you
***
for 25 years. The Total Income
over the policy term shall be
Rs.5,72,851*.
From 1st year
Rs.687 Rs.22,227^ Rs.22,914
till year 25
Please note all the incomes listed above shall be paid on Annual Mode
^
Cash Bonus of Rs.22,227 (@8% Illustration)/ Rs.5,700 (@4% Illustration) will be payable Annually from 1st Policy year onwards till year 25
On 22/Mar/2050 the policy
will mature, Maturity Benefit of
Rs.8,43,235* will be paid to the
policyholder. In case, any survival
benefits were accrued during the
policy term, will also be provided
at maturity.
Sum Assured
Rs.6,84,000
on Maturity
Cash Bonus and Terminal Bonus
figures mentioned above are Additional
Rs.68,400
variable and depend on the Bonus. Benefits#
Rate declared by the company
from time to time.
Terminal
Rs.90,835
Bonus @8%$
Total Maturity
Rs.8,43,235
Benefit
$The Terminal Bonus of Rs.90,835 (@8% Illustration)/Rs.90,836 (@4% Illustration) will be paid in addition to
Sum Assured on Maturity.
#Only Applicable In case the life insured is female.
*The figures are illustrated @8%. For more information please refer to the benefit illustration attached in the policy pack
Maturity Benefit
Rs.8,43,235
Cash Bonus + Guaranteed Income*** of Rs.22,914 @8%
Rs.22,227 @8% + Rs.687
Premium Payment Term
Age Age
of 12 years
27 years 52 years
Total Premium : Rs. 6,84,000 @4%# : 146% | @8%# : 207%
#Kindly note that the above scenarios are only illustrations and does not create any rights and / or obligations. The assumed non-guaranteed rates of return
chosen in the above illustration are 4% and 8%. These assumed rates of return are not guaranteed and are not the upper or lower limit of what you might get
back as the value of your policy is dependent on a number of factors including future investment performance. The actual experience on the contract may be
different from the illustrated.
The minimum death benefit at inception is Rs.7,29,600.
Any accrued survival benefit, if not paid earlier, shall be paid in addition to death benefit.
^Individual
Death Claims Paid Ratio as per Audited Financials for FY 2023-2024. | *As per Public Disclosures FY 2023-2024.
LIFE INSURANCE COVERAGE IS AVAILABLE IN THIS PRODUCT.
@Policy Continuance Benefit is available in all plan variants except for 100 – Age at Entry Variant & Accidental Death Benefit (ADB) is available in all plan variants for ages greater than or equal to 18 years.
***Guaranteed Income is a % of Annualised Premium and shall depend on the Guaranteed Income Payout Frequency, Age of the life insured, Plan variant, PCB Option and Premium Payment Term.
Guaranteed Income shall be applicable provided all due premiums are paid. All applicable Guaranteed Benefits in the product are subject to payment of all due premiums. Max Life Smart Wealth Advantage Growth Par Plan (UIN: 104N135V02) is a non linked participating
Individual Life Insurance Savings plan which provides Cash Bonuses and Terminal Bonus, which are variable in nature and declared by the company from time to time.
Bonuses represent your share in profits of the company’s participating fund. Bonuses are, therefore, not guaranteed and are based on performance of the participating fund. Bonus rate is paid as a percentage of the ‘Sum Assured on Maturity’ in the policy, and will be declared at
the end of financial year. The risk factors of the bonuses projected under the product are not guaranteed. Past performance doesn't construe any indication of future bonuses and these products are subject to the overall performance of the insurer in terms of investments,
management of expenses, mortality and lapses.
For further information on the product and its plan variants please refer to the Prospectus. If you wish to refer to the Terms and Conditions of the product please read the Policy Document available on the company website.
Max Life Insurance Company Limited is a joint venture between Max Financial Services Limited and Axis Bank Ltd. Max Life Insurance Co. Ltd., Corporate Office: 11th Floor, DLF Square Building, Jacaranda Marg, DLF City Phase II,
Gurugram - 122 002 (Haryana). Insurance is the subject matter of solicitation. 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
ARN: Max Life/FCB/Marketing/SWAG Par_Insta Income BI/November 2024
BENEFIT ILLUSTRATION
[Date and Time of Illustration – 22 March 2025, 09:52 AM]
Name of the Prospect/Policyholder: Mr. Proposal No:
Age & Gender: 35 Years, Male Name of the Product: Max Life Smart Wealth Advantage Growth Par Plan
Name of the Life Assured: Ms. B Biswas Tag Line: A Non-Linked Participating Individual Life Insurance Savings Plan
Age & Gender: 27 Years, Female Unique Identification No: 104N135V02
GST Rate (Base Policy, First Year): 4.50%
Policy Term: 25 Years GST Rate (Base Policy, Subsequent Year): 2.25%
GST Rate (Rider Policy, First Year): NA
Premium Payment Term: 12 Years
GST Rate(Rider Policy,Subsequent Year): NA
Amount of Installment Premium: `59,565
Max Life State: West Bengal
Mode of payment of premium: Annual Policyholder Residential State: West Bengal
How to read and understand this benefit illustration?
This benefit illustration is intended to show year-wise premiums payable and benefits under the policy, at two assumed rates of interest i.e., 8% p.a. and 4% p.a.
Some benefits are guaranteed and some benefits are variable with returns based on the future performance of your Insurer carrying on life insurance business. If your policy offers guaranteed returns benefits then these will be
clearly marked “guaranteed” in the illustration table on the next/this page. If your policy offers variable returns benefits then the illustration on the next/this page will show two different rates of assumed future investment returns,
of 8% p.a. and 4% p.a..These assumed rates of return are illustrative, not guaranteed and they are not the upper or lower limits of what you might get back, as the value of your policy is dependent on a number of factors including
future investment performance.
Policy Details
Variant Name Insta Income Sum Assured on Maturity (in Rs.) 6,84,000
Policy Continuance Benefit Option No Additional Benefit on Maturity (only applicable for female lives) (in Rs.) 68,400
Payment Frequency for Guaranteed Income & Cash Bonus Annual Sum Assured on Death (at inception of the policy) (in Rs.) 7,29,600
Save the date Option No Date of first Survival Benefit payment Sunday, March 22, 2026
Rider Details
Accidental Death & Dismemberment (ADD) Rider Premium Payment Term and Rider Term NA Accidental Death & Dismemberment (ADD) Rider Sum Assured (in Rs.) NA
Term Plus Rider Term - Premium Payment Term and Rider Term NA Term Plus Rider Sum Assured (in Rs.) NA
Waiver of Premium (WOP) Plus Rider Term NA Critical Illness and Disability Rider - Coverage Variant NA
Critical Illness and Disability Rider - Rider Premium Payment Term and Rider Term NA Critical Illness and Disability Rider - Rider Sum Assured NA
Premium Summary
Accidental Death & Waiver of Premium Critical Illness and Total Installment
Base Plan Term Plus Rider
Dismemberment Rider Plus Rider Disability Rider Premium
Installment Premium without GST (in Rs.) 57,000 0 0 0 0 57,000
Installment Premium with first year GST (in Rs.) 59,565 0 0 0 0 59,565
Installment Premium with GST 2nd year onwards (in Rs.) 58,283 0 0 0 0 58,283
UIN: 104N135V02 Max Life Insurance Company Limited having its Corporate Office at 11th Floor, DLF Square, Jacaranda Marg, DLF City, Phase II, Gurugram – 122002 Page 1 of 4
(Amount in Rupees)
Non-Guaranteed Benefit @ 4% per Non-Guaranteed Benefit @ 8% per Total Benefits including Guaranteed and Non-
Guaranteed Benefits
annum investment return annum investment return Guaranteed Benefits
Age at the
Single/
Policy start of Total
Annualized Total
Year the Policy Guaranteed Survival &
Premium Additional Total Death Total Death Survival &
Year Guaranteed Special Surrender Special Maturity
Survival Death Maturity Accidental Surrender Surrender Benefit Benefit Maturity
Cash Bonus Surrender Surrender Cash Bonus Value (GSV) Surrender Benefit @
Benefit Benefit Benefit Death Benefit Benefit Benefit @4% @8% Benefit @
Value (GSV) Value (SSV) Value (SSV) 8%
4% (4+6+8)
(4+6+12)
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19
1 27 57,000 687 7,29,600 - - 5,700 - 11,372 11,372 22,227 - 11,372 11,372 7,29,600 7,29,600 6,387 22,914
2 28 57,000 687 7,29,600 - - 5,700 21,425 27,125 27,125 22,227 - 24,417 24,417 7,29,600 7,29,600 6,387 22,914
3 29 57,000 687 7,29,600 - - 5,700 40,688 49,238 49,238 22,227 - 39,326 39,326 7,29,600 7,29,600 6,387 22,914
4 30 57,000 687 7,29,600 - - 5,700 88,450 93,010 93,010 22,227 22,344 56,308 56,308 7,29,600 7,29,600 6,387 22,914
5 31 57,000 687 7,29,600 - - 5,700 1,10,563 1,21,963 1,21,963 22,227 27,930 75,592 75,592 7,29,600 7,29,600 6,387 22,914
6 32 57,000 687 7,29,600 - - 5,700 1,32,675 1,60,035 1,60,035 22,227 33,516 97,433 97,433 7,29,600 7,29,600 6,387 22,914
7 33 57,000 687 7,29,600 - - 5,700 1,54,788 2,02,668 2,02,668 22,227 39,102 1,22,108 1,22,108 7,29,600 7,29,600 6,387 22,914
8 34 57,000 687 7,29,600 - - 5,700 2,02,938 2,56,044 2,56,044 22,227 70,726 1,53,972 1,53,972 7,29,600 7,29,600 6,387 22,914
9 35 57,000 687 7,29,600 - - 5,700 2,57,649 3,22,144 3,22,144 22,227 1,08,910 2,05,071 2,05,071 7,29,600 7,29,600 6,387 22,914
10 36 57,000 687 7,29,600 - - 5,700 3,18,824 3,95,770 3,95,770 22,227 1,53,558 2,64,668 2,64,668 7,29,600 7,29,600 6,387 22,914
11 37 57,000 687 7,29,600 - - 5,700 3,86,571 4,77,836 4,77,836 22,227 2,04,778 3,34,121 3,34,121 7,29,600 7,29,600 6,387 22,914
12 38 57,000 687 7,29,600 - - 5,700 4,60,770 5,68,487 5,68,487 22,227 2,62,451 4,14,186 4,14,186 7,29,600 7,29,600 6,387 22,914
13 39 - 687 7,29,600 - 3,64,800 5,700 4,93,507 6,18,043 6,18,043 22,227 2,78,662 4,53,678 4,53,678 7,29,600 7,29,600 6,387 22,914
14 40 - 687 7,29,600 - 3,64,800 5,700 5,26,176 6,37,807 6,37,807 22,227 2,94,804 4,65,857 4,65,857 7,29,600 7,29,600 6,387 22,914
15 41 - 687 7,29,600 - 3,64,800 5,700 5,19,789 6,49,535 6,49,535 22,227 2,71,890 4,76,346 4,76,346 7,29,600 7,29,600 6,387 22,914
16 42 - 687 7,29,600 - 3,64,800 5,700 5,13,401 6,61,805 6,61,805 22,227 2,48,976 4,87,765 4,87,765 7,29,600 7,29,600 6,387 22,914
17 43 - 687 7,29,600 - 3,64,800 5,700 5,07,014 6,74,634 6,74,634 22,227 2,26,062 5,00,206 5,00,206 7,29,600 7,29,600 6,387 22,914
UIN: 104N135V02 Max Life Insurance Company Limited having its Corporate Office at 11th Floor, DLF Square, Jacaranda Marg, DLF City, Phase II, Gurugram – 122002 Page 2 of 4
Non-Guaranteed Benefit @ 4% per Non-Guaranteed Benefit @ 8% per Total Benefits including Guaranteed and Non-
Guaranteed Benefits
annum investment return annum investment return Guaranteed Benefits
Age at the
Single/
Policy start of Total
Annualized Total
Year the Policy Guaranteed Survival &
Premium Additional Total Death Total Death Survival &
Year Guaranteed Special Surrender Special Maturity
Survival Death Maturity Accidental Surrender Surrender Benefit Benefit Maturity
Cash Bonus Surrender Surrender Cash Bonus Value (GSV) Surrender Benefit @
Benefit Benefit Benefit Death Benefit Benefit Benefit @4% @8% Benefit @
Value (GSV) Value (SSV) Value (SSV) 8%
4% (4+6+8)
(4+6+12)
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19
18 44 - 687 7,29,600 - 3,64,800 5,700 5,00,626 6,88,036 6,88,036 22,227 2,03,148 5,13,741 5,13,741 7,29,600 7,29,600 6,387 22,914
19 45 - 687 7,29,600 - 3,64,800 5,700 4,94,239 7,02,042 7,02,042 22,227 1,80,234 5,28,468 5,28,468 7,29,600 7,29,600 6,387 22,914
20 46 - 687 7,29,600 - 3,64,800 5,700 4,87,852 7,16,668 7,16,668 22,227 1,57,320 5,44,482 5,44,482 7,29,600 7,29,600 6,387 22,914
21 47 - 687 7,29,600 - 3,64,800 5,700 4,81,464 7,41,987 7,41,987 22,227 1,34,406 5,71,405 5,71,405 7,29,600 7,29,600 6,387 22,914
22 48 - 687 7,29,600 - 3,64,800 5,700 4,75,077 7,68,251 7,68,251 22,227 1,11,492 6,06,385 6,06,385 7,29,600 7,29,600 6,387 22,914
23 49 - 687 7,29,600 - 3,64,800 5,700 4,68,689 7,95,453 7,95,453 22,227 88,578 6,51,425 6,51,425 7,29,600 7,29,600 6,387 22,914
24 50 - 687 7,29,600 - 3,64,800 5,700 4,62,302 8,23,592 8,23,592 22,227 65,664 6,99,998 6,99,998 7,47,444 7,47,444 6,387 22,914
25 51 - 687 7,29,600 7,52,400 3,64,800 5,700 - - - 22,227 - - - 7,81,165 7,81,165 8,49,623 8,66,149
Notes:
1. Annualized Premium excludes underwriting extra premium, frequency loadings on premiums, the premiums paid towards the riders, if any, and Goods and Service Tax. Refer Sales literature for explanation of terms used in
this illustration.
2. The survival benefits are payable at the end of the policy year.
3. The surrender benefit, death benefit and maturity benefit shown above are at the end of the Policy Year.
4. The Surrender Value is higher of the Guaranteed Surrender Value (GSV) and the Special Surrender Value (SSV).
5. Refer Sales literature (Prospectus) and Policy Document for explanation of terms used in this illustration.
6. Above benefits include terminal bonus payable,if any.
7. The above benefits are with assumptions that save the date option is not selected by you. For details on save the date option , please refer the Policy Document.
8. Under column 18 and 19, Maturity Benefit also includes the 'Terminal Bonus (if Declared) at Maturity'.
UIN: 104N135V02 Max Life Insurance Company Limited having its Corporate Office at 11th Floor, DLF Square, Jacaranda Marg, DLF City, Phase II, Gurugram – 122002 Page 3 of 4
I, ……………………………………………. (name),have explained the premiums, and benefits I, ……………………………………………. (name), having received the information with respect
under the product fully to the prospect / policyholder. to the above, have understood the above statement before entering into the contract.
Place: Date: 3/22/25
Signature / OTP Confirmation Date/ Thumb Impression / Signature / OTP Confirmation Date / Thumb Impression /
Date: 3/22/25 Electronic Signature of Agent / Intermediary / Official of the Electronic Signature of Prospect / Policyholder
insurer
This system generated benefit illustration shall be treated as signed by me.
UIN: 104N135V02 Max Life Insurance Company Limited having its Corporate Office at 11th Floor, DLF Square, Jacaranda Marg, DLF City, Phase II, Gurugram – 122002 Page 4 of 4
