Bharosa ‘guaranteed returns ka with Give your loved ones the Bharosa of *guaranteed returns today, emia #YouAreTheDifference™ , Ro BANK OM INSURANCE QA Max Financial and Jy A*!S BANK IVLife is all about fulfiling your dreams for your loved ones. You plan to save for your milestones like your children’s education, marriage and your peaceful retirement. However, in an environment, which is full of uncertainty and volatility, you need guaranteed assurance, that surmounts all such risks. We understand the significance of such milestones and secure your financial future by helping you pursue your dreams towards accomplishment of these milestones with certainty. Presenting Max Life Smart Wealth Plan, which combines protection and savings into a simple and flexible solution to fulfill the certain as well as uncertain needs of your family and assures you and your loved ones a guaranteed smart life. What this plan offers you Guaranteed returns Fully guaranteed benefits to help you save for your milestones Flexibitty El | Fesibity to choose plan option as per your need - lump sum, short-term income, long-term income and whale lite income © | Sesrenteedadaitons under lamp sum option | Guaranteed additions that boost your maturity corpus under lump sum option iy | Sa Ne ee tes ie ces Flexibility to cover life of spouse under the same Policy with whole life income option Financlal security incase of death By | comprenensive death benefit in cose of death of Life insured during the Policy Term, provided the Policy sin force ‘Tax benefit You may be eligible for tax benefits as per prevailing tax laws subject to changes in tax laws | Emanced protection through optional riders © | Aaaitionatriderte can be taken with the Policy to provide for additions! protection ae por your need LE Uh SU hs ed Criteria Specification Product type | Non-Linked Non Participating Indvidal Life Insurance Savings Pen Coveraee ‘Al individuals in accordance withthe Board Approved Underwriting Poly (Es Minimum entry age Maximum entry axe Lump sum 0 (91 days) 60 years ‘Age at entry (years) Short-term income 5 years 60 years Cong-term income yes een Whole fe come | Single Pay-45 years (Younger ie) 65 years (Older tif) Regular Py =40"years Wuge te) Incase the Life Insured Isa minor, the Poly wil automatically vest nin / heron his/her attaining the age of majority. The risk coverage for the minors will start from the date of Sememament SakAge at maturity (years)* Minimum premium* PoE UR UL Ase eh ke ‘Lump sum 18 years 80 years ‘Short-term income 18 years 73 years Long-term income 18 years, 74 years Whole life income 46 years 71 years Lump sum ‘Short-term income Long-term income ‘Annual: € 11,000 Monthly: € 1,000 Single Pay Regular Pay: < 50,000 Whole life income Maximum premium All options | No Limit subject to Board Approved Underwriting Policy (BAUP) ) Premium payment ‘mode and Lump sum. Short-term income Annual 1 Long-term income Monthy 0.09) Single Premium Regular Premium Moceecee { Pamiom pment made | Mods ior) Whol teincome ae : Meni 009 ener We, Foland Waneender Premium rates / Premium rates and benefits are uni-smoker. Benefits This plan can also be offered to substandard lives with extra mortality charges subject to limit determined in accordance with the Board Approved Underwriting Policy of the Company. Boundary conditions for policies sold through point of sales person Lump sum 10 years | 12 years | 15 years | 16 years | 20 years | income 55 years | 53 years | 50 years | 49 years | 45 years | Short-term Tyears_| 9 years | 11 years | 13 years income 58 years | 56 years | 54 years | 52 years Maximum age at entry* Long-term Tyears | 10 years | 11 years | 14 years income 58 years | 55 years | 54 years | 51 years Whole life b years Income 59 years Maximum age at maturity’ | 65 years Maximum premium ‘Subject to Z 25 Lakhs death benefit during the Policy Term ‘All ages mentioned abo ve are age as on last birthday. ‘The minimum premium is exclusive of goods and service tax and any other cess underwriting extra premium (if any). ‘Single Pay in Variant 4 of the product shall not be available for sales through POS persons. Please note - For policies sold through POS persons, the product shall comply with all the extant provision, rules, regulations, guidelines, circulars, directions, etc., applicable for POS products, as amended from time-to-time.How does this plan work & | eet the vara a8 mentioned boson «Lump sum —*Short-termincome * Long-term income _« Whole life income @ | choose your Premium / Income Pay-out B | Choose your sub-variant i.e., Policy Term and Premium Payment Term from the available options Single life / Variant Maturity benefit per PT ay Joint life S yearn | 10,12,15, 20700 Lump sum | ©Ye2 | 90:22.16.207688 | ump sum at the end of Policy Term 10 years | 10, 12, 15, 20 years 12 yeas | 12,15, 20yenrs jam Fume Guaranteed income Benefit for 6 years = * (from 8 year to 13" year in arrears) 8 year years Guaranteed Income Benefit for 8 years, Short-term} °° _ (from 10" year to 17" year in arrears) Single life — Guaranteed Income Benefit for 10 years ives At years | (from 12 yearto 21" year in arrears) 42 year 13 Guaranteed Income Benefit for 12 years — = (from 14" year to 25" year in arrears) Guaranteed Income Benefit for 30 years S yen Trew (from 8 year to 37" year in arrears plus Terminal Benefit) Guaranteed Income Benefit for 30 years Long-taie |_ 2° ress (from 11 year to 40” year in arrears plus Terminal Benefit) income Guaranteed Income Benefit for 25 years 10 years 11 years (from 12" year to 36" year in arrears plus Terminal Benefit) 2 a Guaranteed Income Benefit for 25 years oe en (from 15° year to 39" year in arrears plus Terminal Benefit) pa ; Guaranteed Income Benefit until the death of last survivor ingle Pay ve from 6" year in arrears weete Bie Joint life income jb yeas Guaranteed Income Benefit until the death of last survivor * —_ from 7® year in arrears Benefits in detail This section details the benefits payable during the Policy Term and Pay-out Period as per the variant chosen. Benefit Plan benefits How and when benefits are payable Death benefit | Payable on death of the Life Insured during the Policy Term provided the Policy is in force. Further for Variant 4, on death of the last surviving policyholder after the Policy Term, a benefit equivalent to the Single Premium plus Underwriting Extra Premium, for single pay and Total premium paid plus underwriting extra premium for Regular pay will be payable to the beneficiary Variant 1, 2 and 3 A lump sum Guaranteed ‘Death Benefit’ is payable immediately on the death of the Life Insured during the Policy Term and is defined as higher of © 11 times the sum of Annualised Premium’ and Underwriting Extra Premiums” (if any), + 105% of all sum of Total Premiums Paid”, Underwriting Extra Premiums” and loadings for modal premiums, (if any) as on the date of death of Life Insured, + Any absolute amount assured to be payable on death* chosen by Policynolder excluding Underwriting Extra Premium loading for ‘nodal premium, Rider Premiums and applicable taxes, cesses or levies if any. “Total Premiums Paid” meats the total ofall Premiums received, exclding Underwriting Extra Premium, loading for modal premium, Rider Premiums, and plicable tae, cesses of levies. fy.Benefits in detail ‘Underwriting Extra Premium” meant an additonal amourt charged by Us 26 pee Underwriting Policy. which Getemined en the basis of disclosures mace by Policyhader in the Proposal Form cr any other information received by Us Including medical examination eport of the Lite Insured “The absolute anount assured to be payable ondeath under these variants i equal to the Total Premios Pad secumulstes monthly stan interet rte o! BX Bs Variant 4 A lump sum guaranteed ‘Death Benefit’ is payable immediately on the death of the Life Insured(s) during the term of the Policy and is defined as the higher of: + In case of Single pay - 1.25 times the Single Premium” plus underwriting extra premiums (if any), In case of regular pay - 7 times the Annualised Premium* plus underwriting extra Premiums (if any), + 105% of sum of Total Premiums Paid"*. underwriting ‘extra premiums and loadings for modal premiums, (if any) as on the date of death of Life Insured, + Any absolute amount assured to be payable on death' “Single Premlun” mears the amp sum remem amount pay the poleyelder 2 the inception ofthe policy erlang te tvs a “The stole snout sured be potable on death under the Vari 4 on event sf rat eath sequal 1.25 mes the Sing Premim pus underwriting x3 Decision case of sel poy sd 7 times the Annualized Pein ls Shorting cua pen any ics of epi pay. a 0 este Sg Fremium linge pay onthe event ofthe secnd eth drag the Policy Term. The Policy shall continue until the death of the last surviving Policyholder. ‘On death of the last surviving Policyholder post expiry of the Policy Term, Single Premium plus underwriting extra Premiums {if any) in case of single pay and total Premiums paid plus underwriting extra premiums (i any] in case of regular pay shal. be payable to the beneficiary. For ciarity, no benefit is payable fon the first death after the policy term. The Policy shall terminate on payment of the death benefit for the last surviving Policyholder and no further benefits will be payable. Maturity benefit | Payable on survival of the Life | The maturity benefit for each Variant is given below: Insured(s) through the Policy Term nese) Brows . Variant 1 (On maturity the following benefit will be paid: + Guaranteed Sum Assured on Maturity, plus + Accrued Guaranteed Additions (if any) Please note: Premium will vary depending upon the option (variant and sub-variant) chosen The Guaranteed Sum Assured on Maturity for the variant is defined as follows: 10,12 years | 240% x Annualized Premium x Promium Payment Term 140% x Annualized Premium x 45,16 years | premium Payment Term ae 160% x Annualized Premium x reas Premium Payment TermPlan benefits How and when benefits are payable Details Guaranteed additions is expressed as a percentage of Annualized Premium and varies by the entry age, premium band and gender of the Life Insured and the sub-variant selected. Guaranteed additions accrue at the end of the last four Policy Years, provided the Policy is either premium paying or fully paid-up, The Guaranteed additions will be payable only in the event of maturity or surrender of the P Variant 2 A guaranteed "Income Benefit” is payable at the end of the period (monthly, quarterly, half yearly, or annually| as per the frequency chosen, for the pay-out period as per the sub-variant selected by you, post completion of the Policy Term. Income Benef it is expressed as a percentage of Annualized Premium and varies by the entry age, premium band and gender of the life insured and the sub-variant selected. The beneficiary will continue to receive the outstanding income benefit even after the death of the Life Insured / Policyholder during the pay-out period. You have the option to the receive income in monthly, quarterly, and semi-annually mode post the application of modal factor. Variant 3 A guaranteed “Income Benefit" is payable at the end of the period (monthly, quarterly, half yearly or annually) as per the frequency chosen, for the pay-out period as per the sub-variant selected by you, post completion of the Policy Term. At the end of pay-out period a "Terminal Benefit” equal to the Total Premiums Paid, wil be payable to the beneficiary. Income Benef it is expressed as a percentage of Annualized premium and varies by the entry age, premium band, and gender of the Life Insured and the sub-variant selected. The beneficiary will continue to receive the outstanding income benefit even after the death of the Life Insured / Policyholder during the pay-out per ‘You have the option to receiveincome in monthly, quarterly, and semi-annually mode post the application of modal factor. Variant 4 Provided that, either of the two Life Insured have survived the Policy Term, a guaranteed “Income Benefit” is payable at the end of the period (monthly, quarterly. half yearly or annually) as per the frequency chosen, post the policy term, until the death of the last surviving life. The Policy shall terminate on payment of the death benefit for the last surviving life and no further benefits will be payable, Income Benefit is expressed as a percentage of Single Premium in case of Single pay and as a percentage of Annualized premium in case of regular pay and varies by the entry age, gender and premium band. You have the option to receive income in monthly, quarterly and semi-annually mode post the application of modal factor.Surrender Payable immediately on surrender | You can surrender the Policy anytime during the Policy during the Policy Term Term, after it has acquired a surrender value. + For Variant 1, 2 and 3 and Regular Pay for Variant 4: On. payment of two full years’ Premium +» For Single Pay in Variant 4: After expiry of free look up cancellation period For monthly Premium Payment Mode, the plicy acquires Surender Valueafter payment of 24 monthly premiums. There will be Guaranteed Surrender Value and 2 Special Surender Value with the later being non-guaranteed. The surrender value willbe equal to the higher of Guaranteed Surrender Value GV) or Special Surrender Valve (SSV) ‘The poly is terminated after payment of surrender benefit. Details of Surrender Value computation has been outlined in the policy document. Following riders are available under Variant 1, 2 and 3 of the product: Max Life Waiver of Premium Plus Rider (UIN: 104802904), which provides waiver of all future premiums in case of Critical Illness or dismemberment or Death (only when Life Insured and Policyholder are different individuals). This product does not have an inbuilt Waiver of Premium benef it and thus rider benef it is an additional benefit. Max Life Accidental Death and Dismemberment Rider (UIN: 104B027V04), which provides additional benefits in case of death or dismemberment of the Life Insured due to an accident. Max Life Term Plus Rider (UIN: 1048026V03), which provides additional lump sum benefit in case of death of the Life Insured. Max Life Critical Illness and Disability Rider (UIN: 1048034V02), which covers against the uncertainties that life has to offer. No riders will be available with Variant 4 and the policies sold through POS persons.Higher maturity benefits will be offered for higher premium bands. The premium bands applicable under the product are shared in the below tables. Annualized Premium (in @) © 11,000 -€ 49,999 50,000 -& 74999 75,000 - = 99.999 % 1,00,000 - ¥ 1,49,999 1,350,000 - & 2,99,999 % 3,00,000 and above [- since Premium Variant | ‘Single Premium (in %) €2,50,000 - © 4,99,999, 5,00,000 - € 9,99,999 & 10,00,000 - € 19,99.999 © 20,00,000 and above Annualized Premium (in ®) 50,000 - = 74999 75,000 -& 99,999 © 1,00,000 - € 1,49,999 © 1,50,000 - € 2,99,999, © 3,00,000 and above ‘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 change in tax laws. It is advisable to seek an independent tax advice.eur Variant 1 Mr. Dutta, 2 35-year-old male with 2 2-year-old son, wants to save for his child's higher education. He invests in the lump sum variant of the Max Life Smart Wealth Plan; which offers guaranteed lump sum benefit when his child turns 18, Mr outta yr = : £142760 €142760 €142760 €1,42760 fio : ° ° ° Policy yy vears * E POTTS SD spaturty benetit ; i (uarotess aed ot matey + Gusmtend stor (€ 11.20,000 + 571,040) 1691.040, ‘Mr, Dutta pays the premium for 8 Years (atipremisme ae payable athe Begening sty) ‘The above benefits ae tthe below mentioned modal point (Gender: Male | Age: 35 years | Premium Payment ecm: 8 yeas | Pllc Team: 16 years | Mode: Anau “Annualled premium means premium anount payable in Policy Yer, excluding any rider premiums, underwriting extra premium on rides and applicable taxes, ceses or levies, any. “Guaraniced aditions is expressed as 2 percentage of Annusized Premium and vais by the entry age, prmium band and gender ofthe Life Insured and the sub-variant selected, Guaranteed aéitions acruc tthe end ofthe last fur Policy Years, provided the Policy iether eremium payingor fully pad u.(eur Variant 2 Mr. Sharma, a 95-year-old male, wishes to have 2 guaranteed secondary income, which will help him at the time of market uncertainties and also offers him assurance. He chooses to invest in the short-term income variant of the Max Life Smart Wealth Plan, which offers guaranteed income irrespective of the market conditions, to meet his financial requirements. SSeS Total Annualized Premium Mr. Sharma : ees : a 5 6 7 8 9 40 11 32 43 44 15 46 17 18 19 20 21 mm 2 mA years Pr rrr rrr rr vow eeereereene Mr. Sharma pays the premium for 12 Years (dl premiums are payate a the begining of ye (Gender: Mae | Age: 35 years | Premium Payment Term: 12 yeas | Policy Term: 13 yeas | Mode: Annual | Income payout Frequency: Annual “Anewalize Premium means premium amount payable in 2 Poley Yea, excusing any rider premiums, underwriting extra premium on riders and applicatle ‘tae, cents of levies. tay, ‘7 guaranteed income benefit is payable atthe end ofthe perio (monthly, quarter, half yearly or annually as per the frequency chosen, fr the pay-out prod as pr the sub-varantsetcted by you post completion ofthe policy tern. (the inception atthe Poticy. you nave the option fo the selec Income payment frequency as morsnly, quartet or Sem-annuaty, post the applcation of modal facto.Mr. Verma, 2 35-year-old male, wants to plan his retirement at an early age. He is willing to invest 2 1 Lakh; and chooses the long-term income variant of the Max Life Smart Wealth Plan, which offers a guaranteed income for 25 years to fulfil his daily financial requirements. Mr. Verma also gets a terminal benefit, equal to total premiums paid at the end of the income payout period. Income benefit every year Mr. Verma rere es 5 ° " 2 iv years * B oi ‘Mr. Verma pays the premium for 12 Years (ai arerome ae payaiet the ginning of yes ‘The above benetts ae atthe below mentioned medal pint ‘Gend: Mae | Age: 35 years | Premium Payment Term: 12 yes | Policy Term: 14 yeas | Mode: Annual | Inceme payout Freuency: Annual “Anewslized premium means premium amount p3yablein 2 Policy Yea, excusing any rider premiums, underwriting extra premium on riders and spplicatle ‘tare, cesses o levies. tay. “* guaranteed income benefit i payate at the end of the period (monthly, quarter, half yearly or annualy a8 per the frequency chosen, fr the pay-out period 35 per the sub-variant selected by you, gost completionof the Policy Term. "A the end of pay-out period a “terminal benefit" equa tothe total premiums paid wil be payable tothe beneficiary (atthe inception the ply, youhave the opionto the select ince payment frequency as monty quarterly or em-annuly, past the application of moda fact.(Feud Variant 4 Mr. Singh, 2 50-year-old wants to plan his retirement. He is willing to invest 7 10 Lakhs and he chooses Whole Life Income variant with 6 year premium payment term of Max Life Smart Wealth Plan, which offers a Joint life cover to his wife Mrs. Singh, a 45-year-old and guaranteed income for Whole life untill the death of the last surviving life to fulfill their daily financial requirements. On death of both the insured persons during the income pay-out period, the Total premium paid by Mr. Singh will be retumed to the nominee. Mr. Singh Eee ore rs are ea) rons rin! od Mrs. Singh = o 2 4 5 : ley RE PEED years * . Perr ‘Te shove benefits are atthe below mentioned modal pint Ure Insured Person 4 Mr Singh | Gender Male | Age 0 years | Life Isured Po Palicy Term: 6 yer | Mage: Anal | Income payeut frequency: Aan! "Acsuming the Policy eed after the eecond death period as per the sub-vaiant selected by you pst completion ofthe Policy Term, “As por Annu Aesites Financ forthe FY 21-22 | Ae pr publ decoures 2022 ‘The guranteed bene are aplable I lle prmans a pl Ie avalable inti roast. Tr life Insurance produc foro and unfarwriten by max fe nurse co. La The fe Inarane contact is been the ‘roposer ona Mi ite surance Co. id Sences Limited anda Sark Limited Corporate Ofie: 1° Flor LF Sore Sullig. Jacacands Mare ‘Terms and Condison lease fod the prospectus eatuly before concuding 1 sole. You may te ‘ntl t certain Sppiabletabeneht on You premiums and poly beets. Pete not al the tax bens are sbjec fo tat laws prevaling athe me of payment of prem er {eceiptof berets by yu. Tax benets are sje to changes Intx laws Trade logos aolyea belong to Max nancial Services Ud ang As Bane Ltd. especOvely and wih thar ‘acs ae used by Max ite surance Co: Lu You car cal ur on our CatomerHepine No, 1845 4205577 or Website: warm moafennsronce cm ‘aie ae Limite sa Copromotr and 3 Corporate Agent of Max Lie Icurnce Co La Axle Bank Unite, Bembsy Ding Mlle Comosund 1925. The purchte of» Max Lite Ivurance produc by Plt Bu’ custome purely on 3 votutay bass. 6 Aas Bk nt ote Inve betweon te baring server tere by the banks custoners ad ure ote nse prot /ARN: Max ife/FC0/A Bak WP VOU/LeateSeptember 2022 OAL Cattate Regn. No CACO? | ROA! Regt Mo 104 [BEWARE OF SPURIOUS / FRAUD PHONE CALS! 1 IRDA snot involved in setts Ie sling surance oles, snouncng bons ot avsinent premiums {Pac eceling such shone cal ae feuestel olde # plc comlant