Non-Linked Participating Individual Life Insurance Savings Plan | UIN : 104N135V02

Mr. Pankaj

(UIN : 104N135V02)

INSTA INCOME

You shall pay Rs.1,00,000 (excluding taxes) on an Annual mode

for 12 [Link] Policy Term is for 50 years.

Starting from 28/Jul/2025

an Income of Rs.28,612* shall
be payable Annually to you
***
for 50 years. The Total Income
over the policy term shall be
Rs.14,30,600*.
From 1st year till
Rs.856 Rs.27,756^ Rs.28,612
year 25

From 26th year till Not

Rs.28,612& Rs.28,612
year 50 Applicable

Please note all the incomes listed above shall be paid on Annual Mode
^Cash Bonus of Rs.27,756 (@8% Illustration)/ Rs.5,520 (@4% Illustration) will be payable Annually from 1st Policy year onwards till year 25
&Cash Bonus of Rs.28,612 (@8% Illustration)/ Rs.5,690 (@4% Illustration) will be payable Annually from 26th year onwards till year 50
 On 28/Jul/2075 the policy
will mature, Maturity Benefit of
Rs.93,47,400* 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.12,00,000
on Maturity

Cash Bonus and Terminal Bonus

figures mentioned above are Additional
Rs.0
variable and depend on the Bonus. Benefits#
Rate declared by the company
from time to time.

Terminal
Rs.81,47,400
Bonus @8%$

Total Maturity
Rs.93,47,400
Benefit

$The Terminal Bonus of Rs.81,47,400 (@8% Illustration)/Rs.20,36,760 (@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.93,47,400

Cash Bonus + Guaranteed Income*** of Rs.28,612 @8%

Rs.27,756 @8% + Rs.856

Age Premium Payment Term Age

35 years of 12 years 85 years

Total Premium : Rs. 12,00,000 @4%# : 294% | @8%# : 898%

#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 After payment of the death benefit the
Rs.12,00,000. beneficiaries will also get the following:
Any accrued survival benefit, All future Cash Bonus, Guaranteed Income
if not paid earlier, shall be paid and Maturity Benefit shall be payable as and
in addition to death benefit. when due in future without any need for the
premium payment.

^Individual
Death Claims Paid Ratio as per Audited Financials for FY 2023-2024. | *As per Public Disclosures for H1 FY 2024-2025.
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. Axis 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.
Axis Max Life Insurance Limited (formerly known as Max Life Insurance Company Limited) is a Joint Venture between Max Financial Services Limited and Axis Bank Limited. Corporate Office: 11th Floor, DLF Square Building, Jacaranda Marg, DLF City Phase II, Gurugram(Haryana) - 122 002. 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. You can call us on our Customer Helpline No. 1860 120 5577. Website: [Link]

ARN: Axis Max Life/FCB/Marketing/SWAG Par_Insta Income BI/November 2024

 BENEFIT ILLUSTRATION
[Date and Time of Illustration – 28 July 2025, 06:28 PM]

Name of the Prospect/Policyholder: Mr. Pankaj Proposal No:

Age & Gender: 35 years, Male Name of the Product: Axis Max Life Smart Wealth Advantage Growth Par Plan

Name of the Life Assured: Mr. Pankaj Tag Line: A Non-Linked Participating Individual Life Insurance Savings Plan

Age & Gender: 35 years, Male Unique Identification No: 104N135V02

GST Rate (Base Policy, First Year): 4.50%
Policy Term: 50 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: `1,04,500
Axis Max Life State: Maharashtra
Mode of payment of premium: Annual Policyholder Residential State: Maharashtra

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.) 12,00,000
Policy Continuance Benefit Option yes Additional Benefit on Maturity (only applicable for female lives) (in Rs.)
Payment Frequency for Guaranteed Income & Cash Bonus Annual in Advance Sum Assured on Death (at inception of the policy) (in Rs.) 12,00,000
Save the date Option no Date of first Survival Benefit payment Monday, July 28, 2025

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.) 1,00,000 0 0 0 0 1,00,000

Installment Premium with first year GST (in Rs.) 1,04,500 0 0 0 0 1,04,500
Installment Premium with GST 2nd year onwards (in Rs.) 1,02,250 0 0 0 0 1,02,250

UIN: 104N135V02 Axis Max Life Insurance Limited, Corporate Office – 11th Floor, DLF Square, Jacaranda Marg, DLF City, Phase II, Gurugram – 122002 Page 1 of 5
 (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 Total
Annualized Guaranteed
Year the Policy Survival Survival
Premium Additional Guaranteed Special Surrender Special Total Death Total Death
Year Survival Maturity Surrender Surrender (BOY) & (BOY) &
Death Accidental Cash Bonus Surrender Surrender Cash Bonus Value (GSV) Surrender Benefit Benefit
Benefit Benefit Benefit Benefit Maturity Maturity
Benefit Death Benefit (BOY) Value (GSV) Value (SSV) (BOY) (EOY) Value (SSV) @4% @8%
(BOY) (EOY) (EOY) (EOY) Benefit @ Benefit @
(EOY) (EOY) (EOY)
4% (EOY) 8% (EOY)
(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 35 1,00,000 856 12,00,000 - - 5,520 - 23,624 23,624 27,756 - 7,705 7,705 12,00,000 12,00,000 6,376 28,612

2 36 1,00,000 856 12,00,000 - - 5,520 47,249 57,249 57,249 27,756 2,776 18,416 18,416 12,00,000 12,00,000 6,376 28,612

3 37 1,00,000 856 12,00,000 - - 5,520 85,873 1,00,873 1,00,873 27,756 19,164 50,358 50,358 12,00,000 12,00,000 6,376 28,612

4 38 1,00,000 856 12,00,000 - - 5,520 1,74,498 1,82,498 1,82,498 27,756 85,552 96,232 96,232 12,00,000 12,00,000 6,376 28,612

5 39 1,00,000 856 12,00,000 - - 5,520 2,18,122 2,38,122 2,38,122 27,756 1,06,940 1,45,012 1,45,012 12,00,000 12,00,000 6,376 28,612

6 40 1,00,000 856 12,00,000 - - 5,520 2,61,746 3,09,746 3,09,746 27,756 1,28,328 2,03,809 2,03,809 12,00,000 12,00,000 6,376 28,612

7 41 1,00,000 856 12,00,000 - - 5,520 3,05,371 3,89,371 3,89,371 27,756 1,49,716 2,85,680 2,85,680 12,00,000 12,00,000 6,376 28,612

8 42 1,00,000 856 12,00,000 - - 5,520 3,94,675 4,78,657 4,78,657 27,756 2,16,784 3,84,290 3,84,290 12,00,000 12,00,000 6,376 28,612

9 43 1,00,000 856 12,00,000 - - 5,520 4,95,490 6,07,285 6,07,285 27,756 2,95,362 4,99,383 4,99,383 12,00,000 12,00,000 6,376 28,612

10 44 1,00,000 856 12,00,000 - - 5,520 6,07,644 7,38,120 7,38,120 27,756 3,85,280 6,32,571 6,32,571 12,00,000 12,00,000 6,376 28,612

11 45 1,00,000 856 12,00,000 - - 5,520 7,31,328 8,72,162 8,72,162 27,756 4,86,728 7,86,698 7,86,698 12,00,000 12,00,000 6,376 28,612

12 46 1,00,000 856 12,60,000 - - 5,520 8,66,333 10,19,193 10,19,193 27,756 5,99,496 9,63,235 9,63,235 12,60,000 12,60,000 6,376 28,612

13 47 - 856 12,60,000 - 6,00,000 5,520 9,28,597 10,92,085 10,92,085 27,756 6,39,524 10,72,919 10,72,919 12,60,000 12,60,000 6,376 28,612

14 48 - 856 12,60,000 - 6,00,000 5,520 9,90,742 11,44,229 11,44,229 27,756 6,79,432 11,22,686 11,22,686 12,60,000 12,60,000 6,376 28,612

15 49 - 856 12,60,000 - 6,00,000 5,520 9,84,366 11,64,459 11,64,459 27,756 6,50,820 11,70,909 11,70,909 12,60,000 12,60,000 6,376 28,612

16 50 - 856 12,60,000 - 6,00,000 5,520 9,77,990 11,85,855 11,85,855 27,756 6,22,208 12,22,498 12,22,498 12,60,000 12,60,000 6,376 28,612

17 51 - 856 12,60,000 - 6,00,000 5,520 9,71,615 12,08,578 12,08,578 27,756 5,93,596 12,77,919 12,77,919 12,60,000 12,60,000 6,376 28,612

UIN: 104N135V02 Axis Max Life Insurance Limited, Corporate Office – 11th Floor, DLF Square, Jacaranda Marg, DLF City, Phase II, Gurugram – 122002 Page 2 of 5
 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 Total
Annualized Guaranteed
Year the Policy Survival Survival
Premium Additional Guaranteed Special Surrender Special Total Death Total Death
Year Survival Maturity Surrender Surrender (BOY) & (BOY) &
Death Accidental Cash Bonus Surrender Surrender Cash Bonus Value (GSV) Surrender Benefit Benefit
Benefit Benefit Benefit Benefit Maturity Maturity
Benefit Death Benefit (BOY) Value (GSV) Value (SSV) (BOY) (EOY) Value (SSV) @4% @8%
(BOY) (EOY) (EOY) (EOY) Benefit @ Benefit @
(EOY) (EOY) (EOY)
4% (EOY) 8% (EOY)
(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 52 - 856 12,60,000 - 6,00,000 5,520 9,65,239 12,32,628 12,32,628 27,756 5,64,984 13,37,173 13,37,173 12,60,000 12,60,000 6,376 28,612

19 53 - 856 12,60,000 - 6,00,000 5,520 9,58,864 12,58,134 12,58,134 27,756 5,36,372 14,00,633 14,00,633 12,60,000 12,60,000 6,376 28,612

20 54 - 856 12,60,000 - 6,00,000 5,520 9,52,488 12,85,227 12,85,227 27,756 5,07,760 14,68,673 14,68,673 12,60,000 12,60,000 6,376 28,612

21 55 - 856 12,60,000 - 6,00,000 5,520 9,46,112 13,13,970 13,13,970 27,756 4,79,148 15,41,480 15,41,480 12,60,000 12,60,000 6,376 28,612

22 56 - 856 12,60,000 - 6,00,000 5,520 9,39,737 13,44,558 13,44,558 27,756 4,50,536 16,19,615 16,19,615 12,60,000 12,60,000 6,376 28,612

23 57 - 856 12,60,000 - 6,00,000 5,520 9,33,361 13,77,056 13,77,056 27,756 4,21,924 17,03,266 17,03,266 12,60,000 12,60,000 6,376 28,612

24 58 - 856 12,60,000 - 6,00,000 5,520 9,26,986 14,11,658 14,11,658 27,756 3,93,312 17,92,992 17,92,992 12,60,000 12,60,000 6,376 28,612

25 59 - 856 12,60,000 - 6,00,000 5,520 9,20,610 14,48,493 14,48,493 27,756 3,64,700 18,89,167 18,89,167 12,60,000 12,60,000 6,376 28,612

26 60 - - 12,60,000 - 6,00,000 5,690 9,14,920 14,88,409 14,88,409 28,612 3,36,088 19,92,260 19,92,260 12,60,000 12,60,000 5,690 28,612

27 61 - - 12,60,000 - 6,00,000 5,690 9,09,230 15,30,946 15,30,946 28,612 3,07,476 21,02,925 21,02,925 12,60,000 12,60,000 5,690 28,612

28 62 - - 12,60,000 - 6,00,000 5,690 9,03,539 15,76,235 15,76,235 28,612 2,78,864 22,21,534 22,21,534 12,60,000 12,60,000 5,690 28,612

29 63 - - 12,60,000 - 6,00,000 5,690 8,97,849 16,24,534 16,24,534 28,612 2,50,252 23,48,837 23,48,837 12,60,000 12,60,000 5,690 28,612

30 64 - - 12,60,000 - 6,00,000 5,690 8,92,159 16,76,038 16,76,038 28,612 2,21,640 24,85,393 24,85,393 12,60,000 12,60,000 5,690 28,612

31 65 - - 12,60,000 - 6,00,000 5,690 8,86,469 17,30,939 17,30,939 28,612 1,93,028 26,31,765 26,31,765 12,60,000 12,60,000 5,690 28,612

32 66 - - 12,60,000 - 6,00,000 5,690 8,80,779 17,89,467 17,89,467 28,612 1,64,416 27,88,605 27,88,605 12,60,000 12,60,000 5,690 28,612

33 67 - - 12,60,000 - 6,00,000 5,690 8,75,088 18,51,910 18,51,910 28,612 1,35,804 29,56,756 29,56,756 12,60,000 12,60,000 5,690 28,612

34 68 - - 12,60,000 - 6,00,000 5,690 8,69,398 19,18,497 19,18,497 28,612 1,07,192 31,36,871 31,36,871 12,60,000 12,60,000 5,690 28,612

UIN: 104N135V02 Axis Max Life Insurance Limited, Corporate Office – 11th Floor, DLF Square, Jacaranda Marg, DLF City, Phase II, Gurugram – 122002 Page 3 of 5
 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 Total
Annualized Guaranteed
Year the Policy Survival Survival
Premium Additional Guaranteed Special Surrender Special Total Death Total Death
Year Survival Maturity Surrender Surrender (BOY) & (BOY) &
Death Accidental Cash Bonus Surrender Surrender Cash Bonus Value (GSV) Surrender Benefit Benefit
Benefit Benefit Benefit Benefit Maturity Maturity
Benefit Death Benefit (BOY) Value (GSV) Value (SSV) (BOY) (EOY) Value (SSV) @4% @8%
(BOY) (EOY) (EOY) (EOY) Benefit @ Benefit @
(EOY) (EOY) (EOY)
4% (EOY) 8% (EOY)
(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

35 69 - - 12,60,000 - 6,00,000 5,690 8,63,708 19,86,864 19,86,864 28,612 78,580 33,22,128 33,22,128 12,60,000 12,60,000 5,690 28,612

36 70 - - 12,60,000 - 6,00,000 5,690 8,58,018 20,52,900 20,52,900 28,612 49,968 35,00,654 35,00,654 12,60,000 12,60,000 5,690 28,612

37 71 - - 12,60,000 - 6,00,000 5,690 8,52,328 21,23,954 21,23,954 28,612 21,356 36,93,669 36,93,669 12,60,000 12,60,000 5,690 28,612

38 72 - - 12,60,000 - 6,00,000 5,690 8,46,637 22,00,348 22,00,348 28,612 - 39,09,363 39,09,363 12,60,000 12,60,000 5,690 28,612

39 73 - - 12,60,000 - 6,00,000 5,690 8,40,947 22,82,406 22,82,406 28,612 - 41,62,771 41,62,771 12,60,000 12,60,000 5,690 28,612

40 74 - - 12,60,000 - 6,00,000 5,690 8,35,257 23,70,517 23,70,517 28,612 - 44,33,659 44,33,659 12,60,000 12,60,000 5,690 28,612

41 75 - - 12,60,000 - 6,00,000 5,690 8,29,567 24,65,069 24,65,069 28,612 - 47,23,148 47,23,148 12,60,000 12,60,000 5,690 28,612

42 76 - - 12,60,000 - 6,00,000 5,690 8,23,877 25,66,419 25,66,419 28,612 - 50,32,266 50,32,266 12,60,000 12,60,000 5,690 28,612

43 77 - - 12,60,000 - 6,00,000 5,690 8,18,186 26,23,425 26,23,425 28,612 - 53,62,323 53,62,323 12,60,000 12,60,000 5,690 28,612

44 78 - - 12,60,000 - 6,00,000 5,690 8,12,496 26,76,061 26,76,061 28,612 - 57,14,626 57,14,626 12,60,000 12,60,000 5,690 28,612

45 79 - - 12,60,000 - 6,00,000 5,690 8,06,806 27,26,755 27,26,755 28,612 - 60,90,392 60,90,392 12,60,000 12,60,000 5,690 28,612

46 80 - - 12,60,000 - 6,00,000 5,690 8,01,116 28,21,404 28,21,404 28,612 - 66,03,845 66,03,845 12,60,000 12,60,000 5,690 28,612

47 81 - - 12,60,000 - - 5,690 7,95,426 29,13,400 29,13,400 28,612 - 71,55,435 71,55,435 12,60,000 12,60,000 5,690 28,612

48 82 - - 12,60,000 - - 5,690 7,89,735 30,01,640 30,01,640 28,612 - 77,47,032 77,47,032 12,60,000 12,60,000 5,690 28,612

49 83 - - 12,60,000 - - 5,690 7,84,045 30,84,928 30,84,928 28,612 - 83,80,785 83,80,785 12,60,000 12,60,000 5,690 28,612

50 84 - - 12,60,000 12,00,000 - 5,690 - - - 28,612 - - - 12,60,000 12,60,000 32,42,450 93,76,012

UIN: 104N135V02 Axis Max Life Insurance Limited, Corporate Office – 11th Floor, DLF Square, Jacaranda Marg, DLF City, Phase II, Gurugram – 122002 Page 4 of 5
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. EOY: End of Year, BOY = Beginning of Year, Arrears means Cash Bonus and Guaranteed Income shall be provided at EOY, Advance means Cash Bonus and Guaranteed Income shall be provided at BOY. For more details refer to
Prospectus.
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'.

I, ……………………………………………. (name),have explained the premiums, and benefits I, Mr. Pankaj (name), having received the information with respect to the above, have
under the product fully to the prospect / policyholder. understood the above statement before entering into the contract.

Place: Date: 7/28/25

Signature / OTP Confirmation Date/ Thumb Impression / Signature / OTP Confirmation Date / Thumb Impression /
Date: 7/28/25 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 Axis Max Life Insurance Limited, Corporate Office – 11th Floor, DLF Square, Jacaranda Marg, DLF City, Phase II, Gurugram – 122002 Page 5 of 5