Life Insurance : Max Life Insurance Company in India 2021

Time 2021-05-06 23:15:25

Web Name: Life Insurance : Max Life Insurance Company in India 2021

WebSite: http://www.maxlifeinsurance.com

ID:174823

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With Max Life insurance PlansChoose from Guaranteed or market or unit linked insurance Plans   Buying insurance plans has never been easier than this. Explore our online plans and enjoy a smooth paperless purchase process, all within a few minutes! Buying insurance plans has never been easier than this. Explore our online plans and enjoy a smooth paperless purchase process, all within a few minutes! Financial protection against critical illnesses, including heart attack, cancer, and kidney failureFlexibility to choose the most suitable premium payment options that fits your budget and incomeLife coverage along with return of premium option to get the premiums paid back as a survival benefitFinancial protection against critical illnesses, including heart attack, cancer, and kidney failureFlexibility to choose the most suitable premium payment options that fits your budget and incomeLife coverage along with return of premium option to get the premiums paid back as a survival benefitEase of buying life cover from the comfort of your home to ensure financial benefits for your loved ones3 payout options – lumpsum benefit, lumpsum with monthly income, and lumpsum with increasing monthly incomeAdditional protection with term insurance riders to cover accidents, disability, and critical illnessesComprehensive death benefit covering the policy tenure, along with saving money for various life goalsMonthly income, accrued bonuses, and flexible fund options for the policyholders with no policy chargesFlexibility to choose a policy term up to 85 years, premium payment term and payouts to fit your needsOption to receive the premiums paid back on successful survival of the insured till end of policy termDeath benefits for your family members in case of any eventuality leading to the loss of your lifeLimited pay options to pay for term plans with return of premium – 5 Pay, 10 Pay, 12 Pay, 15 Pay, or 60 PayComprehensive death benefit for your family member(s) in case of your unfortunate demise during policy termGuaranteed maturity benefits/Income Benefit and accrued guaranteed additions to help meet your life goalsMultiple variants – lumpsum, short term income, long term income, and whole life income with unique benefitsComprehensive death benefit for your family member(s) in case of your unfortunate demise during policy termGuaranteed maturity benefits/Income Benefit and accrued guaranteed additions to help meet your life goalsMultiple variants – lumpsum, short term income, long term income, and whole life income with unique benefitsAdditional protection against upto 64 critical illnesses depending on the rider variant you selectTotal and Permanent Disability Cover on the occurrence of disability arising from sickness or injuryWellness benefit to avail a discount on annualised renewal premiums as per healthy weeks you accumulateWaiver of all future premiums in case of the covered dismemberment so that you can live worry-freeFuture premiums waiver in case you suffer from critical illnesses as specified in the rider termsContinued benefits of the base policy to give you peace of mind about maintaining various life expenses Why Choose Max Life Here are some of the numbers which speak about our accomplishments Why Choose Max Life Here are some of the numbers which speak about our accomplishments Special initiative for startups to build smart insurance solutions Ranked 24 in India s Top 100 Best Companies to work for As recognized by Great Place To Work Institute, 2020 Best Organization on Fraud Risk Mitigation processes Fraud, Risk Compliance Conference 2.0 Most admired campaign for Brand Revitalization - Max Life India Protection Quotient Asian Customer Engagement Forum (ACEF) 2019 Excellence in Consumer Insights/Market Research – Max Life India Protection Quotient Asian Customer Engagement Forum (ACEF) 2019 Most Admired Brand Activation Campaign – Max Life The RUN Asian Customer Engagement Forum (ACEF) 2019 Disruptive Technology Innovator of the Year (Insurance company) - mRec ET BFSI Excellence Awards 2019 Silver Award at ASQ ITEA (International Team Excellence Awards) SELL RIGHT FOR CUSTOMER DELIGHT AT AXIS BANK Great Place to Work (GPTW) - 2019 Max Life Insurance ranked 35 in Top 100 companies to work for by Great Place to Work Institute, India Great Place to Work (GPTW) - 2018 Max Life recognized amongst Top 15 BFSI companies to work for by Great Place to Work Institute, India IAMAI - 2018 Max Life won the GOLD Award in the category of “Best Email Marketing Campaign” at 2018 - India Digital Awards Won a Silver at ACEF Super Customer Week won a Silver at ACEF Global Customer Engagement Award Effie Award - 2018 Max Life’s foray in strengthening the Protection Agenda Recognised with the Prestigious Effie Awards for Communication Effectiveness Quality Fables and Improvement - 2017 Winner in two category at 29th QUALTECH Prize Competition amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;nbsp; amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;nbsp;Life insurance refers to the legally binding contract between a policyholder and an insurance company that provides financial protection to his/her family. The insurer promises to offer the insurance benefit in exchange for regular premiums paid by the life insured.The ‘financial protection’ under life insurance is provided in the form of life cover, also known as sum assured. It is a pre-agreed amount that is payable in case of an untoward incident with the life insured.For the life insurance contract to be enforceable, your application must accurately disclose your current and past health conditions. Also, you need to pay a single premium or regular premiums as chosen when buying life insurance. 1. Financial SecurityBuying a life insurance plan with an adequate sum assured acts as a financial cushion for your family members. It ensures that they will not need to live a compromised lifestyle or disregard their life goals in your absence.2. Child’s Future PlanningWith the help of life insurance, you can plan for your children’s future, including their higher education plans. The insurance benefits they will receive after you help them fulfil their dreams just as you have planned for them.3. Disciplined InvestmentsPutting aside money to be invested in various financial instruments becomes difficult when there are so many financial responsibilities to cater to. However, you can enjoy the dual benefits of life cover and investment with certain types of life insurance plans.4. Corpus Creation Over the Long TermMost life insurance policies ask for long-term commitment to pay the premium timely and help create wealth, which can be used to fulfil various life goals. You can also opt for life insurance plans with maturity benefits to enjoy life with financial independence.5. Retirement Planning There are various life insurance plans that you can choose to plan for your retired life. You can select monthly income or lumpsum pay-outs with these plans to enjoy your life after retirement without financial worries.6. Tax SavingsLife insurance policies help you save tax under Section 80C of the ITA (Income Tax Act). The premiums you pay for a life insurance plan makes you eligible for tax deductions of up to Rs. 1,50,000. You can also save more tax under Section 80D on choosing health-related riders with your life insurance plan. Life insurance acts no less than a lifeline for life, especially in the current uncertain times. More people in India are gradually realising the importance of investing in life insurance. In terms of their functioning, most life insurance policies work similarly in three stages:1. Life insurance purchaseYou need to spend maximum time deciding on buying the most suitable life insurance plan at this stage. Although the best life insurance policies offer the flexibility to choose the benefits, the ultimate choice lies in your hands.Hence, you must consider various factors, like plan tenure, premium, riders, and, most importantly, the reason to buy life insurance. You can then buy the plan online or offline as per your preference.2. Premium PaymentAs per the life insurance contract, the insurers promise to pay a pre-decided amount to the life insured or policy nominee provided the insured pays the premium without fail. In other words, all the benefits that you can get under a life insurance policy are based on the timely premium payment.Hence, it is advisable to choose a premium that you can easily pay on time along with other financial liabilities.3. Claim FilingThe last stage of a life insurance plan is related to filing for a claim to get the expected insurance benefits.In case of your unfortunate demise, the nominee will receive the sum assured as defined in the contract. To receive it, the nominee has to submit a claim form along with various documents. Upon verification of claim, the insurance company releases the benefit to the nominee.For life insurance plans with a return of premium, the insured gets the total of all premiums paid back, which can be used to achieve several life goals. 1. Term InsuranceIt is the simplest type of life insurance that provides financial safety to the life insured's family in case of the untimely demise. Depending on your income and liabilities, you can select an adequate sum assured under this type of life insurance plan to safeguard the financial interest of your loved ones.2. ULIPA Unit Linked Insurance Plan or ULIP is a unique form of life insurance. It provides life cover while also allowing you to invest money in market-linked instruments. By investing in ULIPs, you get the benefits of high returns over the long term, life cover, income tax savings, and flexibility to switch between funds.3. Retirement PlansThese plans are life insurance products that provide financial security for your retirement days. These life insurance plans help you invest money during the working years and create a corpus that you can use as a whole or in parts to fund your retired life. You can think of investing in retirement plans as a disciplined way to plan for the golden years of life.4. Child PlansChild insurance plans, commonly known as saving life insurance plans, are designed to help you secure your child's future. Along with life cover, your child receives the benefit of pay-outs at different milestones during the educational journey under these life insurance plans. Investing in child plans shields your child’s future against unfortunate events like death or critical illnesses.5. Savings and Income PlansAs life insurance products, these plans can help you instill the habit of disciplined savings to ensure steady returns in the form of monthly income or a lumpsum amount. Alongside, these life insurance plans provide various other benefits, including death benefits, tax benefits, terminal illness benefits, to name a few.6. Group Insurance PlansThese life insurance plans are meant for organizations or groups to provide life cover to the employees or group members, respectively. Through group insurance plans, the employers tend to take care of the financial security of their employees’ family, thus motivating them to work harder to maintain high-performing businesses.  Having life insurance gives you more than just a life cover. It also helps create wealth over the long term for you and your loved ones. Most importantly, life insurance gives peace of mind that your family will live life comfortably, should anything happen to you.Buying life insurance is a good decision for people at different life stages.For newly married people:After you have just tied the knot with a better half, you get the responsibility to plan for his/her well-being as well. Along with the plans that you have already made for the life ahead, it always helps to prepare for the future with a life insurance plan.For young parents:As a young parent, you can feel immense joy all around. Alongside your spouse, you now have another life to care for. With a life insurance plan, you can plan for your child’s future in terms of education, marriage, and many others. They will ensure that your kids’ dreams get fulfilled as planned.For individuals with financial liabilitiesAlong with a growing family, the liabilities grow as well. To accommodate your loved ones, you buy a bigger home or buy a dream car that they all love, which gets added to your liabilities. Purchasing a life insurance plan for your loved ones ensures that your loved ones can shoulder these liabilities easily.For people nearing retirementRetirement planning is something that you should not take lightly, regardless of your current income. By investing in a life insurance plan, you can build a corpus for your twilight years and live life without facing financial dependence. You can also plan to receive a steady income during the retired life.Why is Buying Life Insurance a Good Idea?At its core, life insurance is a financial benefit for possible contingencies linked to human life. These include death, disability, or retirement. When these contingencies occur, they result in loss of income for the household. It is where a life insurance plan works to benefit you and your family.Under a life insurance plan, a monetary sum is offered as per life insurance plan opted to help cope up with the loss of income in the future years. Hence, you should buy life insurance:1. To ensure financial support to your immediate family after you2. To finance your child’s education plans3. To get a steady source of income in life4. To get insurance benefits in case your earnings are impacted due to a critical illness As Indians, we put personal safety before everything else. Every day, before we leave for work, we check whether we have our wallets, cell phones, car keys, and house keys on us. We turn off all the lights, double-check if we have locked the doors securely, put on the seat belt, and only then start the car.Even when we are shopping online, we put items in the cart that we like. Before making the payment, however, we make sure to check whether we can return them without any fee, in case the items are faulty.When it comes to planning for life’s goals; therefore, it is imperative that you put contingency planning above all else.When you put Life Insurance in your financial portfolio, you can ensure that your loved ones remain financially secure throughout their lives, even if something serious happens to you. At the same time, your insurance plan helps you maximize your tax savings and work towards creating wealth. Like you cannot build your house without a firm foundation, you need life insurance to serve as the foundation to better and secure tomorrow for your family.  It would help if you prioritized buying life insurance before making any other investments, for the simple reason that the insurance benefit will help you secure your family’s financial future in case of your untimely demise.Adding Life Insurance to your list of must-do’s will not only get you additional benefits such as year-on-year tax savings up to Rs. 1.5 lakh under Section 80C as per prevailing tax laws and rider options to enhance your life cover against critical illnesses or a sudden loss of income due to accidents.Moreover, having life insurance helps increase your risk tolerance. The primary goal of any investor is to grow money over the long-term.Determining your risk tolerance and, subsequently, going with the appropriate asset allocation (the blend of stocks, mutual funds, and cash) is crucial. With life insurance in your financial portfolio, you can take more risk with your investments.  The significance of putting life insurance at the top of the heap of your financial investments can be understood through a cricket test match.A test match extends up to 5 days, and for each day, the playing strategy changes — similarly, your financial planning changes, too, as per your life stage and financial requirements. Let us see how life insurance is crucial for long-term financial sustenance.Day 1: After winning the toss, you start the day’s play with caution, leaving or defending the good balls and punishing the bad deliveries for runs. Similarly, as soon as you start earning an income, the first thing that you need to do is to create a fool-proof strategy against life’s contingencies. This is where life insurance becomes a vital cog in your long term plans. With life insurance in your kitty, you can make sure that your loved ones do not have to depend on anyone else to support them, especially when you are no longer there to help them accomplish their dreams.Day 2: Once you have the backing of a cautious yet emphatic start, and an imposing first day of cricket, you try to build upon your previous day score. In terms of financial planning, the next stage after purchasing life insurance is to build on your savings through a mix of traditional and market-linked investments. You can consider traditional savings instruments such as bank fixed deposits, recurring deposits, and provident funds while building up your tolerance for more aggressive market-linked investments.Day 3: You invite the opposition to best your first inning total and create a game plan to put your opposition on the backfoot. In life too, you prepare your finances against emergency medical situations and other unplanned expenditures with the help of health insurance. Together with life insurance and a health plan in your back pocket, you equip yourself and your loved ones against any crisis.Day 4: Often, you have to second inning on this day – dig in deep to fortify your first-innings lead and work towards building a high total for the final day showdown. When it comes to creating a financial portfolio, it is now time for you to look for investment opportunities to help maximize your savings into wealth, so that you can effectively support your family’s goals, be it your child’s higher education, marriage or your spouse’s financial wellbeing. It is only through efficient financial planning and long-term capital appreciation of your savings that you can prepare yourself for your retirement.Day 5: On the last day of the match, it is now time for you to put your total match score to test so that you can beat your opposition and put the crown of victory on your head. In life, too, the last stage of your financial planning is about bringing your savings and investment returns to fruition. You look to diversify your investment portfolio by including different equity and debt market instruments so that you can achieve maximal capital appreciation while minimizing the investment risks and ensure long-term financial sustenance. Many investors tend to make a common mistake of investing in instruments without factoring their entire financial picture – the equity they have built-in their home, existing loans, and other liabilities. Ideally, every asset and investment you own should factor into your risk-reward equation.Having life insurance in your financial portfolio allows you to take more risk when it comes to securing your life and making sure that you provision a significantly large financial corpus (in the form of insurance coverage) as backup against contingencies, while continuing to invest for other life goals.  Moreover, with a life insurance plan in your pocket, you can be sure that even if something serious happens to you, your family will not have to deal with a financial crisis at any time during their lives.The insurance plans will help your family stay financially protected, serving as a safety net that will prove useful in case of an eventuality. Also, the insurance coverage will augment the total accumulated value of your investments, making sure that your loved ones continue to have a lifestyle that you intended for them, even if you are not there with them. I bought Max Life Insurance on the recommendation of one of my friends. The plan really helped when I needed money. Mr. Shinde, 35 Pune, 04 October 2017 Income tax slab rates deduction Every tax payer knows the toll that paying taxes puts on their financial income. To minimize this impact, tax planning is essential and needs to be done wisely. Tax Planning helps you to smartly invest in savings instruments, thereby offering combined benefits of investment growth as well as reduction in the amount of taxes paid to the Government. Read More Which term plan will suit you best? Term plan is the bedrock of financial planning. It is the most basic form of life insurance. The core benefit of a term plan is that it provides a high life cover for your family at an affordable cost. This, when clubbed with various riders, or additional cover from an accident, disability and disease make term plan a power packed shield for your family. Apart from understanding what a term plan is, it is also important to know how to go about choosing the right one for your family. Read more to understand which term plan will suit your family basis the your life stage Read More Why buy a child plan? The cost of higher education is rising swiftly in India. With such steep education costs 20 years from now, it is imperative to follow a disciplined savings regime to be able to support your child’s goals. It is also important that your investments should give generate a rate of return that is higher than the inflation rate. Click here to know how a child plan helps your child enjoy a great future. Read More 3 Retirement Planning mistakes to avoid The second innings in any game is even more exciting than the first. This holds true in case of life too. Your lifestyle during those golden years should be magnificent. To make that happen, your investment needs to beat inflation. Retirement plans help you in invest in a disciplined fashion today, to secure a great lifestyle tomorrow. Read more about 3 mistakes that you should avoid while saving for your retirement. Read More You will receive four digit verification code on your mobile and email within next 60 second. This code will be valid for next 30 minute. BEWARE OF SPURIOUS PHONE CALLS AND FICTITIOUS/FRAUDULENT OFFERS IRDAI clarifies to public that:• 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. IRDAI - Registration No. 104. ARN/Web/01/21042021 Category: Life. Validity: Valid.Corporate Identity Number (CIN):U74899PB2000PLC045626.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. LtdMax Life Insurance Company Limited is a Joint Venture between Max Financial Services Limited and Axis Bank Limited.Corporate Office : Max Life Insurance Co. Ltd. 11th Floor, DLF Square Building, Jacaranda Marg, DLF City Phase II, Gurugram (Haryana) - 122002.Operation Center : Max Life Insurance Co. Ltd, Plot No. 90-A UdyogVihar, Sector 18, Gurugram (Haryana) - 122015.Customer Helpline: 1860 120 5577 (9:00 A.M to 6:00 P.M Monday to Saturday) * Call charges apply.Online Helpline - 0124 648 8900 (09:00 AM to 09:00 PM Monday to Saturday).Fax Number:0124-4159397.Email ids: service.helpdesk@maxlifeinsurance.com ; online@maxlifeinsurance.comWebsite: www.maxlifeinsurance.com*Life insurance coverage is available in this product. 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. 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.Insurance is the subject matter of solicitation. For more details on the risk factors, Terms and Conditions, please read the sales and rider prospectus carefully before concluding a sale. Tax benefits are eligible for tax exemption on fulfilling conditions mentioned under Section 10(10D) of income tax act 1961. Tax exemptions are as per our understanding of law and as per prevailing provisions of income tax at 1961 . Policy holders are advised to consult tax expert for better clarification /interpretation. 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. Tax benefits are subject to changes in tax laws. The monthly Income Benefit and Terminal Benefit may be taxable subject to extra premium being loaded at underwriting stage.Disclaimers for Market Linked Plans Saving plans: THE LINKED INSURANCE PRODUCTS DO NOT OFFER ANY LIQUIDITY DURING THE FIRST FIVE YEARS OF THE CONTRACT. THE POLICYHOLDER WILL NOT BE ABLE TO SURRENDER/WITHDRAW THE MONIES INVESTED IN LINKED INSURANCE PRODUCTS COMPLETELY OR PARTIALLY TILL THE END OF FIFTH YEAR.Unit Linked Insurance Products (ULIPs) are different from the traditional insurance products and are subject to the risk factors. The premium paid in the Unit Linked Life Insurance Policies is subject to investment risks associated with capital markets and the NAVs of the units may go up or down based on the performance of fund and factors influencing the capital market and the insured is responsible for his/her decisions. Max Life Insurance is only the name of the insurance company and Max Life Online Savings Plan (UIN: 104L098V03) is only the name of the unit linked life insurance contract and does not in any way indicate the quality of the contract, its future prospects or returns. Please know the associated risks and the applicable charges from your Insurance agent or the Intermediary or policy document of the insurer. The various funds offered under this contract are the names of the funds and do not in any way indicate the quality of these funds, their future prospects or returns.Max Life Smart Wealth Plan is a Non-Linked Non-Participating Individual Life Insurance Savings Plan (UIN 104N116V03)*#Some benefits are guaranteed and some benefits are variable with returns based on the future performance of your Insurer carrying on life insurance business. The assumed rates of return (4% p.a. and 8% p.a.) shown in the illustrative example are not guaranteed and they are not the upper or lower limits of what you might get back as the value of your Policy depends on a number of factors including future investment performance. The guaranteed and non-guaranteed benefits are applicable only if all due premiums .The Maturity Benefit shown in the illustrative example are inclusive/exclusive of taxes.  *(a) Protect a smile initiative is applicable for all term plans i.e. Max Life Five Year Renewal Convertible Term Insurance (Non Participating)- 104N001V01; Max Life Easy Term Policy- 104N002V01; Max Life Level Term Policy (Non-Participating/Non-Convertible)- 104N009V01; Max Life Platinum Protect-104N060V01; Max Life Platinum Protect II-104N060V02; Max Life Premium Return Term Plan- 104N069V01; Max Life Online Term Plan-104N078V01; Max Life Premium Return Protection Plan- 104N083V01; Max Life Super Term Plan- 104N086V01; Max Life Super Term Plan- 104N086V02; Max Life Super Term Plan- 104N086V03; Max Life Online Term Plan Plus -104N092V01; Max Life Online Term Plan Plus- 104N092V02; Max Life Online Term Plan Plus-104N092V03; Max Life Smart Term Plan-104N113V01.(b) 1 year education of an under privileged child will be funded as part of Max Life CSR initiatives.Privacy Policy**Standard Premium For 24-Year Old Healthy Male, Non-Smoker, 25 Years Policy Term, 25 Year Premium Payment Term (exclusive of GST) for Max Life Smart Secure Plus Plan (UIN: 104N118V01)^^On completion of policy term# The savings indicated is the maximum premium difference as compared with offline plan depends on the variant purchased.^*All claims that qualify for InstaClaim™ will be paid within 1 working day from date of submission of all mandatory documents else Max Life will pay interest at Bank Rate as on beginning of financial year in which claim has been received (4.65 % p.a. for FY’20) for every day of delay beyond one working day. Interest shall be at the bank rate that is prevalent at beginning of the financial year in which death claim has been received.Claims for policies completed 3 continuous years. All mandatory documents should be submitted before 3:00pm on a working day.Claim amount on all eligible policies4 is less than Rs. 1 Crore. Claim does not warrant any field verification.Mandatory Documents : Original policy document Original/attested copy of death certificate issued by local municipal authority Death claim application form (Form A) NEFT mandate form attested by bank authorities along with a cancelled cheque or bank account passbook along with nominee's photo identity proof Discharge/Death summary attested by hospital authorities or FIR Post Mortem Report/viscera report (in case of accidental death)7CMO Asia BFSI Excellence Award 2019 5Criteria applicable only for “Term plans” for Graduate, Indian resident with declared income = 10 lacs with CIBIL score = 650 (salaried) and = 700 (self-employed) with no disclosed medical condition4InstaClaim TM is available for all versions of Max Life Online Term Plan (UIN 104N078V01); Max Life Online Term Plan Plus (UIN 104N092V01 / UIN 104N092V02 / UIN 104N092V03/ UIN 104N092V04), Max Life Smart Term Plan (UIN: 104N113V01 / 104N113V02/ 104N113V03/104N113V04) and Max Life Smart Secure Plus Plan (UIN:104N118V01). Mandatory Documents : • Original policy document • Original/attested copy of death certificate issued by local municipal authority • Death claim application form (Form A) • NEFT mandate form attested by bank authorities along with a cancelled cheque or bank account passbook along with nominee's photo identity proof • Discharge/Death summary attested by hospital authorities or FIR Post Mortem Report/viscera report (in case of accidental death)Tax conditions :## Save 46,800 on taxes if the insurance premium amount is Rs.1.5 lakh per annum and you are a Regular Individual, Fall under 30% income tax slab having taxable income less than Rs. 50 lakh and Opt for Old tax regime ~# Save 54,600 on taxes if the insurance premium amount is Rs.1.5 lakh per annum for life cover and 25,000 for critical illness cover and you are a Regular Individual, Fall under 30% income tax slab having taxable income less than Rs. 50 lakh and Opt for Old tax regime. Disclaimer for 5% salaried discount3The discount is applicable if you are a salaried employee with a corporate. During policy issuance, Max Life may call for proof of employment if required. In case proposer when asked is not able to prove the employment part, discount offer will be discontinued and additional premium as applicable will have to be paid for processing of the case.CI Rider disclaimers:MAX LIFE CRITICAL ILLNESS AND DISABILITY RIDER (UIN- 104B033V01) available as a rider on payment of additional premium. Extended cover of up to 85 years is available with gold and platinum variant only@ 64 critical illnesses covered in platinum and platinum plus variant on payment22 critical illnesses covered in gold and gold plus variant6 The life insurer is eligible for a discount on renewal premium under regular pay variant by accumulating Healthy Weeks as per terms and conditions of the rider*^Total premiums paid inclusive of any extra premium but exclusive of all applicable taxes, cesses or levies and modal extra. Return of premium option is available on payment of additional premium.Max Life Smart Secure Plus Plan (UIN: 104N118V01) A Non Linked Non Participating Individual Pure Risk Premium Life Insurance Plan ~ Conditions for premium break : Available at an additional premium for policies with policy term greater than 30 years and premium payment term greater than 21 years. Option to skip paying premium for 12 months. 2 premium breaks will be available during the premium payment term separated by an interval of at least 10 years ~1 Conditions for Special exit value:Option to receive all premiums paid back, at a specified point in the term of the policy (free of cost). Available when Return of Premium variant is not chosen. No additional premium to be paid.~2 Voluntary Top-up Sum assured:Option to double your insurance cover, basis underwriting, at the time of your need by increasing your sum assured up to an additional 100% of base sum assured, chosen at inception^^*^^Free look period conditions:The policyholder has a period of 30 days from the date of receipt of the policy document, to review the terms and conditions of the Policy, where if the policyholder disagrees to any of those terms or conditions, he / she has the option to return the Policy stating the reasons for his objections. The policyholder shall be entitled to a refund of the premiums paid, subject only to deduction of a proportionate risk premium for the period of cover and the expenses incurred by the company on medical examination of the lives insured and stamp duty charges.^As per IRDAI Annual Report for the year 2019-20208https://www.moneycontrol.com/news/business/economy/buy-term-insurance-now-as-rates-may-rise-from-april-1-4930921.html2 Total premium will be charged at the time of the policy issuance (subject to underwriting’s decision).Terms and conditions for availing 5% employee discount: Due to system constraints, employee is requested to select 5 Lakh and above income which can be changed to actual amount on the information page.1 The 5% employee discount will be refunded to you once your policy is issued. Submit your documents for getting your policy issued and get 5% employee discount9 The percentage savings is for a regular pay Max Life Smart Secure Plus Plan ( A Non Linked Non Participating Individual Pure Risk Premium Life Insurance Plan, UIN - 104N118V01)– Life Option for 1 cr life cover for a 35 year old, non-smoker male for a policy term of 40 years vs a 10 year policy term with the same details’ARN - ARN/Web/01/21042021

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Max Life Insurance , A leading life insurance company in India, offers a range of life insurance plans and policies to ensure Lifetime Protection for you and your family.

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