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Life Insurance

Max Life Life Gain Premier

Save systematically and build a corpus to fulfil important goals at every stage of life

Flexible Premium Payment Terms and Policy Terms

The plan offers you 6 options to choose from, basis your need

Flexible Bonus Options

Choose from 3 bonus options basis your need

Guaranteed Death Benefit

Ensure financial security of your loved ones in case of any exigencies

Flexibility To Withdraw Money

This is applicable if the bonus option chosen is Paid - Up Additions

Features and Benefits

Key Benefits and Features

The plan offers you 6 options to choose from, basis your need

  • 6 or 8 years Premium Payment Terms with Policy Terms of 15 and 20 years
  • 10 years Premium Payment Term with Policy Term of 20 years
  • 12 years Premium Payment Term with Policy Term of 25 years

The plan offers the flexibility to choose from 3 bonus options basis your need.

The plan offers 100% of Guaranteed Maturity Sum Assured along with Accrued Paid-Up Additions (if any) and Terminal Bonus (if any) on maturity of the policy

The plan offers a guaranteed death benefit to ensure financial security of your loved ones in case of any exigencies

In case you are diagnosed to be suffering from a disease which is likely to lead to death within six months, the Company will pay upto 50% of Guaranteed Maturity Sum Assured (upto a maximum of Rs.10 lacs) to you as an advance

You have the flexibility to withdraw the accumulated bonuses (cash value of the Paid - Up Additions) in case of any need. This is applicable if the bonus option chosen is Paid - Up Additions

How plan works:

Maturity Benefit of 100% of Guaranteed Maturity Sum Assured along with Accrued Paid - Up Additions (if any) and Terminal Bonus (if any) is paid at the end of Policy Term

On death of the Life Insured during the term of the policy, the following benefits will be paid:

  • Guaranteed Death Benefit, plus
  • Accrued Paid-up Additions (if any), plus
  • Terminal Bonus (if any)

Guaranteed Death Benefit is defined as higher of:

  • 11 times the Annualised premium*,
  • 105% of all premiums paid as on the date of death,
  • Guaranteed Maturity Sum Assured

The policy will terminate in case of the death of the Life Insured.


*Annualised Premium includes extra premium (if any) but excludes service tax, education cess and any loadings for modal premiums and remains same irrespective of the premium payment mode.

In case the Life Insured is found to be suffering from a disease that is likely to lead to the Death of the Life Insured within six months of diagnosis in the opinion of a Registered Medical Practitioner, the Company will advance 50% of the Guaranteed Maturity Sum Assured (upto maximum of Rs.10 Lacs across all policies which provide this benefit) immediately upon Policyholder’s request

For more details please read the Sales Brochure carefully (on www.maxlifeinsurance.com)..

Max Life Term Plus Rider - A Non-Linked Rider (UIN:104B026V01) provides additional risk coverage in case of death.

Max Life Accidental Death and Dismemberment Rider – A Non Linked Rider (UIN - 104B027V01) provides lumpsum benefit in case of death/dismemberment due to accident.

Max Life Waiver of Premium Plus Rider – A Non-Linked Rider (UIN: 104B029V01) provides waiver of all future premiums in case of an eventuality.

For more details, please read the rider brochure available at www.maxlifeinsurance.com.

From third policy year onwards, you may be eligible for bonus and these will be paid out, based on your choice of bonus options:

  • Paid in Cash - Bonus declared by the Company is paid out to the Policyholder as and when declared
  • Premium Offset - Policyholder can also opt to utilize the Cash Bonus declared by the Company to offset future premiums payable under the policy
  • Paid-up Additions (PUA) - Bonus declared by the Company will be used to purchase Paid-up Additions. These PUA increase the Sum Assured under the policy.

However, bonuses are NOT guaranteed and will be declared by the Company from time to time.

For more details, please read the detailed product brochure available at www.maxlifeinsurance.com

Terminal Bonus is an additional bonus paid only ONCE, on earlier of Death, Surrender or Maturity, provided the policy has been in force for at least ten years i.e. payable in case of claims made from the end of 120th month onwards.

For more details, please read the detailed product brochure available at www.maxlifeinsurance.com

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