A Non-linked Non-Participating Individual
Pure Risk Premium Life Insurance Plan
UIN: 104N118V10
MAX LIFE SMART SECURE PLUS PLAN
Here is a personlized illustration for you
(LIFE COVER WITH ~RETURN that showcases how this plan will
OF PREMIUM, REGULAR PAY) benefit you
Mr.
Total Installment Premium (Excl
GST)** : `28,849 In case of your untimely demise
Death Benefit : `1,00,00,000
Sum Assured : `1,00,00,000 Receive `8,07,772 (All your
premiums back at maturity)
Your Policy Policy
Starts Your premium paying term is equal to your policy term Coverage Ends
Year 1 Year 28
Age 32 Years Age 59 Years
Max Life Insurance Company Limited, Distributed by Axis Bank.
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Individual Death Claims Paid Ratio as per Audited Financials for FY 2023-2024 | * As per Public Disclosures 2024.
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.
~
The Return of Premium Option is available on payment of Additional Premium. Premium does not include amount paid for riders and is excluding taxes, cesses and levies. Upon Policyholder's selection of Return of Premium variant this product shall be a Non-Linked
Non-Participating Individual Life Insurance Savings Plan.
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. Please note that all the tax benefits are subject to tax laws at the time of payment of premium or
receipt of policy benefits by you. Policy holders are advised to consult tax expert for better clarification/interpretation. 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: www.maxlifeinsurance.com, SMS 'LIFE' to 5616188.
Axis Bank Limited is a Co-promoter and a Corporate Agent of Max Life Insurance Co. Ltd. Axis Bank Limited, Bombay Dyeing Mills Compound, Pandurang Budhkar Marg, Worli, Mumbai – 400 025. The purchase of a Max Life Insurance product(s) by Axis Bank's
customer is purely on a voluntary basis. As Axis Bank is not in the business of insurance, there is no link either direct or indirect between the banking services offered by the bank to its customers and use of the insurance products.
ARN - Max Life/AURAA/Axis Channel Marketing/SSPP/ Smart BI/RSA/TROP/August 2024 IRDAI Certificate Regn. No. CA0069 | 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 – 04 March 2025, 01:12 PM]
Name of the Prospect/Policyholder: Mr. Proposal No:
Age & Gender: 32 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 Life Insurance Savings Plan
Age & Gender: 32 Years, Male Unique Identification No: 104N118V10
Risk Class: Non Smoker GST Rate (Base Policy, First Year): 4.50%
Name of the Secondary Life Assured, if applicable: NA GST Rate (Base Policy, Subsequent Year): 2.25%
Age & Gender: NA GST Rate (Rider, First Year): NA
Risk Class: NA GST Rate (Rider, Subsequent Year): NA
Policy Term: 28 Years
Premium Payment Term: 28 Years Max Life State: Madhya Pradesh
Amount of Installment Premium: `30,147 Policyholder Residential State: Madhya 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 Yes 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
Accident Cover No NA NA NA
Joint Life Benefit* No NA NA NA
Premium Break No NA NA NA
*In case of either death or diagnosis with Terminal Illness of the Secondary Life before the death or diagnosis with Terminal Illness of Life Insured, then, an amount of Rs. 10 (Ten) lacs will be paid to the Claimant.
However, if the same happens after the death or diagnosis with Terminal Illness of Life Insured, an amount of Rs.50 (Fifty) lacs will be paid to the Claimant.
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
Accidental Cover Waiver of Premium Critical Illness and Total Installment
Base Plan Joint Life
Benefit Plus Rider Disability Rider Premium
Installment Premium without GST (in Rs.) 28,849 0 0 0 0 28,849
Installment Premium with first year GST (in Rs.) 30,147 0 0 0 0 30,147
Installment Premium with GST 2nd year onwards (in Rs.) 29,498 0 0 0 0 29,498
UIN: 104N118V10 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
Policy Year Guaranteed
Premium Survival Benefits/ Loyalty Special Exit Special Surrender Surrender Value
Other Benefits, if any Maturity Benefit Death Benefit Early Exit Value Surrender
Additions Value Value Payable EOY
Value
1 28,849 - - NA 1,00,00,000 - - - 6,614 6,614
2 28,849 - - NA 1,00,00,000 - - 17,309 13,988 17,309
3 28,849 - - NA 1,00,00,000 - - 30,291 22,190 30,291
4 28,849 - - NA 1,00,00,000 - - 57,698 31,295 57,698
5 28,849 - - NA 1,00,00,000 - - 75,007 41,404 75,007
6 28,849 - - NA 1,00,00,000 - - 93,471 52,577 93,471
7 28,849 - - NA 1,00,00,000 - - 1,13,088 64,927 1,13,088
8 28,849 - - NA 1,00,00,000 - - 1,33,167 78,566 1,33,167
9 28,849 - - NA 1,00,00,000 - - 1,54,227 93,586 1,54,227
10 28,849 - - NA 1,00,00,000 - - 1,76,267 1,10,109 1,76,267
11 28,849 - - NA 1,00,00,000 - - 1,99,289 1,28,236 1,99,289
12 28,849 - - NA 1,00,00,000 - - 2,23,291 1,48,103 2,23,291
13 28,849 - - NA 1,00,00,000 - - 2,48,274 1,69,826 2,48,274
14 28,849 - - NA 1,00,00,000 - - 2,74,239 1,93,519 2,74,239
15 28,849 - - NA 1,00,00,000 - - 3,01,184 2,19,302 3,01,184
16 28,849 - - NA 1,00,00,000 - - 3,29,109 2,47,363 3,29,109
17 28,849 - - NA 1,00,00,000 - - 3,58,016 2,77,733 3,58,016
18 28,849 - - NA 1,00,00,000 - - 3,87,904 3,10,555 3,87,904
19 28,849 - - NA 1,00,00,000 - - 4,18,772 3,45,982 4,18,772
20 28,849 - - NA 1,00,00,000 - - 4,50,621 3,84,045 4,50,621
21 28,849 - - NA 1,00,00,000 - - 4,83,452 4,24,927 4,83,452
22 28,849 - - NA 1,00,00,000 - - 5,17,263 4,68,821 5,17,263
23 28,849 - - NA 1,00,00,000 - - 5,52,054 5,15,878 5,52,054
24 28,849 - - NA 1,00,00,000 - - 5,87,827 5,66,352 5,87,827
25 28,849 - - NA 1,00,00,000 - - 6,24,581 6,20,421 6,24,581
26 28,849 - - NA 1,00,00,000 - - 6,62,315 6,78,514 6,78,514
27 28,849 - - NA 1,00,00,000 - - 7,01,031 7,40,796 7,40,796
28 28,849 - - 8,07,772 1,00,00,000 - - 7,26,995 8,07,772 8,07,772
UIN: 104N118V10 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
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:3/4/25 Signature / Thumb Impression / Electronic Signature of
Date: 3/4/25 Agent / Intermediary / Official of the insurer Prospect / Policyholder
This system generated benefit illustration shall be treated as signed by me.
UIN: 104N118V10 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
