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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

Features Max Life Life Gain Premier
Type of Plan Traditional Participating Endowment Insurance Plan
Entry ages
(Age Last Birthday)
Minimum Age: 18 years

Maximum Age
Policy Term Maximum entry age
15 / 20 years 55 years
25 years 50 years
 
Maximum Maturity Age
(Age Last Birthday)
  • For 15 years Policy Term: 70 years
  • For 20 years and 25 years Policy Term: 75 years
Policy Term 15 years, 20 years and 25 years
Premium Payment Term
  • For 15 years Policy Term, choose either 6 years Premium Payment Term  or 8 years Premium Payment Term
  • For 20 years Policy Term, choose either 6 years Premium Payment Term  or 8 years Premium Payment Term or 10 years Premium Payment Term
  • For 25 years Policy Term, 12 years Premium Payment Term
Premium Payment Modes Annual, Semi-annual, Quarterly and Monthly
Premium Modes
Mode Modal Factors
Annual 1.000
Semi-Annual 0.520
Quarterly 0.265
Monthly 0.090
Minimum Premium
Payment Mode Minimum Premium
Annual Rs. 8,500 paid annually
Semi-Annual Rs. 6,000 paid semi-annually
Quarterly Rs. 4,000 paid quarterly
Monthly Rs. 1,500 paid monthly
(Minimum Premium excludes service tax, education cess and extra premium, if any)
Maximum Premium No limit
Guaranteed Maturity Sum Assured Minimum : Rs. 50,000 (subject to ­minimum premium as mentioned above)

Maximum : No Limit (subject to underwriting)
Sum Assured Bands There are five sum assured bands assumed for this product as mentioned in the table below:
Sum Assured Band Sum Assured range (in Rs)
1 50,000 to 1,49,999
2 1,50,000 to 2,99,999
3 3,00,000 to 4,99,999
4 5,00,000 & above

Max Life Insurance Company Limited is a Joint Venture between Max. Financial Services Limited  and Mitsui Sumitomo Insurance Co. Ltd. Max Life Insurance Co. Ltd., 11th Floor, DLF Square Building, Jacaranda Marg, DLF City Phase II, Gurgaon - 122002 (Haryana). IRDAI Registration No. – 104. For more details on the risk factors, Terms and Conditions, please read the sales brochure 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. It is advisable to seek an independent tax consultation. Insurance is the subject matter of solicitation. For further details, call Toll free number 1800-200-4006

This Life Insurance product is offered and underwritten by Max Life Insurance Co. Ltd. Life Insurance coverage is available in this product. The Life Insurance contract is between the Proposer and Max Life Insurance Co. Ltd.

Axis Bank Limited is the Corporate Agent of Max Life Insurance Co. Ltd. Axis Bank Limited, Bombay Dyeing Mills Compound, Pandurang Budhkar Marg, Worli, Mumbai – 400025. IRDAI Corporate Agent License No: CA0069. The purchase of a Max Life Insurance product 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.


BEWARE OF SPURIOUS PHONE CALLS AND FICTITIOUS/FRAUDULENT OFFERS

IRDAI clarifies to public that

  • IRDAI or its officials do not involve in activities like sale of any kind of insurance or financial products nor invest premiums
  • IRDAI does not announce any bonus

Public receiving such phone calls are requested to lodge a police complaint along with details of phone call, number.


ARN : Max Life/Axis/Website/Content/Life Gain Premier/ July 2016

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