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Life Insurance

Max Life Life Perfect Partner Super

Get protection for life and simplify your financial planning and savings needs with triple benefits

Get guaranteed 212.5% of the Guaranteed Maturity Sum Assured

Comprehensive Death Benefit

Flexible Premium Payment Terms

Flexible Bonus Option

Features and Benefits

Features Specifications
Entry Ages

(Age Last Birthday)

Minimum: 91 days

Maximum
Premium Payment Term ( years) Maximum Entry Age (age last birthday) (Years)
7 / 10 years 55
15 50
20 45
Maturity Age

(Age Last Birthday)

Policy anniversary following or coinciding the life insured attaining the age of 75 years.
Policy Term Upto Age 75 Years of Life Insured. Policy Term = 75 less age at entry of Life Insured
Premium Payment Terms 7 / 10 / 15 / 20 years
Guaranteed Maturity Sum Assured

Minimum – Rs. 50,000 (subject to minimum premium limits)

Maximum – No limit (subject to underwriting)

Minimum Annual Premium
Premium Payment Term (in years) Minimum Annual Premium for a policy with annual premium paying mode
7 years Rs. 20,000 per annum
10, 15 or 20 years Rs. 8,500 per annum

The premium is for annual mode policy excluding service tax, rider premium (if any) and extra loading (if any). For non-annual modes, the modal factors will be applicable.

Maximum Annual Premium As per maximum sum assured and age (subject to underwriting)
Rider Available *

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.

 

Survival Benefit

Guaranteed Survival Benefits = 7.5% of Guaranteed Maturity Sum Assured payable from age 61 to 75 (for 15 years) of the life insured.

Please note that these payouts will happen on policy anniversaries coinciding with or immediately following the life insured attaining the above-mentioned ages.

Maturity Benefit

On maturity, that is, policy anniversary coinciding with or immediately following Life Insured’s 75th birthday, the following benefit will be paid:

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

On death of life insured during the term of the policy, the following death benefit 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 the premiums paid by Policyholder as on the date of death of the life insured,
  • Guaranteed Maturity Sum Assured chosen by the Policyholder at policy inception

The policy will terminate in case of the death of the life insured.

Terminal Illness Benefit

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 on the rider and various terms and conditions, please refer to the rider brochure.
** Annualised Premium includes extra premium (if any) but excludes service tax, education cess and any loading for modal premium and remains same irrespective of the premium payment mode.

Please note that the Bonuses are NOT guaranteed and may be declared by the Company from time to time.

Life Insurance Coverage Is Available In This Product. This Life Insurance Product Is Offered and Underwritten By Max Life Insurance Co. Ltd . The Life Insurance contract is between the Proposer and Max Life Insurance Co. Ltd.


Max Life Insurance Company Limited is a Joint Venture between MaxFinancial 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. Insurance is the subject matter of solicitation. For further details, call Toll free number 1800 200 4006


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 No.: Max Life/Axis/Web Content/LPP Super/ Apr 2016

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