A Non-linked Non-Participating Individual
Pure Risk Premium Life Insurance Plan
UIN: 104N118V05
MAX LIFE SMART SECURE PLUS PLAN Here is a personlized illustration for you
(LIFE COVER, LIMITED PAY) that showcases how this plan will
benefit you
Mr.
Total Installment Premium (Excl In case of your untimely demise
GST)** : `30,758 Death Benefit : `1,00,00,000
Sum Assured : `1,00,00,000 Receive `0 (All your
premiums back at maturity)
Your Policy Policy
Starts Coverage Ends
You have opted to pay premium for 10 years until you turn 39 years of age
Year 1 Year 45
Age 30 Years Age 74 Years
^
Individual Death Claims Paid Ratio as per IRDAI Annual Report FY 2021-22 . *As per public disclosures 2022
LIFE INSURANCE COVERAGE IS AVAILABLE IN THIS PRODUCT.
**
Total Installment Premium is the Premium payable as per premium paying frequency chosen, it excludes GST and applicable taxes, cesses or levies, if any; and includes loadings for modal premiums, Underwriting Extra Premium and Rider Premiums if any.
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 a subject matter of solicitation. For more details on risk factors, Terms and Conditions, please read the sales prospectus carefully before concluding a sale. Trade logo displayed belongs to Max Financial Services Ltd. and Axis Bank Ltd. respectively and
with their consents, are used by Max Life Insurance Co. Ltd. Customer Helpline Number: 1860 120 5577. Website: [Link], SMS 'LIFE' to 5616188.
ARN - Max Life/AURAA/Product Marketing/SSPP/ Smart BI/RSA/NTROP/February 2023 IRDAI Regn. No. 104
BEWARE OF SPURIOUS / FRAUD PHONE CALLS!
• IRDAI is not involved in activities like selling insurance policies, announcing bonus or investment of premiums. • Public receiving such phone calls are requested to lodge a police complaint
BENEFIT ILLUSTRATION
[Date and Time of Illustration – 02 June 2023, 09:48 AM]
Name of the Prospect/Policyholder: Mr. Proposal No:
Age & Gender: 30 Years, Male Name of the Product: Max Life Smart Secure Plus Plan
Name of the Primary Life Assured: Mr. Tag Line: A Non-Linked Non-Participating Individual Pure Risk Premium Life Insurance Plan
Age & Gender: 30 Years, Male Unique Identification No: 104N118V05
Risk Class: Non Smoker GST Rate (Base Policy, First Year): 18.00%
Name of the Secondary Life Assured, if applicable: NA GST Rate (Base Policy, Subsequent Year): 18.00%
Age & Gender: NA GST Rate (Rider, First Year): NA
Risk Class: NA GST Rate (Rider, Subsequent Year): NA
Policy Term: 45 Years
Premium Payment Term: 10 Years Max Life State:
Amount of Installment Premium: `36,294 Policyholder Residential State: Andhra Pradesh
Mode of payment of premium: Annual
This benefit illustration is intended to show year-wise premiums payable and benefits under the policy.
Policy Details
Policy Option Life Cover Sum Assured (in Rs.) 1,00,00,000
Return of Premium Option No Sum Assured on Death (at inception of the policy) (in Rs.) 1,00,00,000
Optional Benefit Details
Optional Benefit Name Applicability/ Opted Sum Assured Coverage Term Payment Term
Accelerated Critical Illness Cover No NA NA NA
Accident Cover No NA NA NA
Joint Life Benefit No NA NA NA
Premium Break No NA NA NA
Rider Details
Rider Name Applicability/ Opted Sum Assured Coverage Term Payment Term
Waiver of Premium (WOP) Plus Rider No NA NA NA
Critical Illness and Disability Rider No NA NA NA
Premium Summary
Accelerated Critical Waiver of Premium
Accidental Cover Critical Illness and Total Installment
Base Plan Joint Life Illness Cover Benefit Plus Rider
Benefit Disability Rider Premium
Installment Premium without GST (in Rs.) 30,758 0 0 0 0 0 30,758
Installment Premium with first year GST (in Rs.) 36,294 0 0 0 0 0 36,294
Installment Premium with GST 2nd year onwards (in Rs.) 36,294 0 0 0 0 0 36,294
UIN: 104N118V05 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 3
(Amount in Rupees)
Guaranteed Non Guaranteed
Single/ Annualized Premium
Policy Year Min Guaranteed Surrender
Survival Benefits/ Loyalty Special Surrender Value/
Other Benefits, if any Maturity Benefit Death Benefit Value/ Exit Value
Additions Special Exit Value
1 30,758 - - NA 1,00,00,000 - -
2 30,758 - - NA 1,00,00,000 - -
3 30,758 - - NA 1,00,00,000 - -
4 30,758 - - NA 1,00,00,000 - -
5 30,758 - - NA 1,00,00,000 - -
6 30,758 - - NA 1,00,00,000 - -
7 30,758 - - NA 1,00,00,000 - -
8 30,758 - - NA 1,00,00,000 - -
9 30,758 - - NA 1,00,00,000 - -
10 30,758 - - NA 1,00,00,000 1,67,460 1,67,460
11 - - - NA 1,00,00,000 1,62,676 1,62,676
12 - - - NA 1,00,00,000 1,57,891 1,57,891
13 - - - NA 1,00,00,000 1,53,106 1,53,106
14 - - - NA 1,00,00,000 1,48,322 1,48,322
15 - - - NA 1,00,00,000 1,43,537 1,43,537
16 - - - NA 1,00,00,000 1,38,753 1,38,753
17 - - - NA 1,00,00,000 1,33,968 1,33,968
18 - - - NA 1,00,00,000 1,29,184 1,29,184
19 - - - NA 1,00,00,000 1,24,399 1,24,399
20 - - - NA 1,00,00,000 1,19,614 1,19,614
21 - - - NA 1,00,00,000 1,14,830 1,14,830
22 - - - NA 1,00,00,000 1,10,045 1,10,045
23 - - - NA 1,00,00,000 1,05,261 1,05,261
24 - - - NA 1,00,00,000 1,00,476 1,00,476
25 - - - NA 1,00,00,000 95,692 95,692
26 - - - NA 1,00,00,000 90,907 90,907
27 - - - NA 1,00,00,000 86,122 86,122
28 - - - NA 1,00,00,000 81,338 81,338
29 - - - NA 1,00,00,000 76,553 76,553
30 - - - NA 1,00,00,000 71,769 3,07,580
UIN: 104N118V05 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 3
Guaranteed Non Guaranteed
Single/ Annualized Premium
Policy Year Min Guaranteed Surrender
Survival Benefits/ Loyalty Special Surrender Value/
Other Benefits, if any Maturity Benefit Death Benefit Value/ Exit Value
Additions Special Exit Value
31 - - - NA 1,00,00,000 66,984 66,984
32 - - - NA 1,00,00,000 62,200 62,200
33 - - - NA 1,00,00,000 57,415 57,415
34 - - - NA 1,00,00,000 52,630 52,630
35 - - - NA 1,00,00,000 47,846 47,846
36 - - - NA 1,00,00,000 43,061 43,061
37 - - - NA 1,00,00,000 38,277 38,277
38 - - - NA 1,00,00,000 33,492 33,492
39 - - - NA 1,00,00,000 28,707 28,707
40 - - - NA 1,00,00,000 23,923 23,923
41 - - - NA 1,00,00,000 19,138 19,138
42 - - - NA 1,00,00,000 14,354 14,354
43 - - - NA 1,00,00,000 9,569 9,569
44 - - - NA 1,00,00,000 4,785 4,785
45 - - - NA 1,00,00,000 - -
Notes:
• Annualized Premium includes base policy and additional benefits premium, if opted. It excludes underwriting extra premium, frequency loadings on premiums, the premiums paid towards the riders, if any, and Goods and
Service Tax.
• Guaranteed Death Benefit will be paid to the beneficiary, immediately on death of the Life Insured or diagnosis of terminal illness (capped at sum assured of 1 crore) on the Life Insured, whichever is earlier.
Refer Sales literature (Prospectus) for explanation of terms used in this illustration.
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: Signature / Thumb Impression / Electronic Signature of Date:6/2/23 Signature / Thumb Impression / Electronic Signature of
Date: 6/2/23 Agent / Intermediary / Official Prospect / Policyholder
This system generated benefit illustration shall be treated as signed by me.
UIN: 104N118V05 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 3
^Individual Death Claims Paid Ratio as per IRDAI Annual Report FY 2021-22
ARN : Max Life/AURAA/IKBKN Launch/February 2023
