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Life Insurance

Max Life Maxis Super

(UIN : 104L081V02)

A Non-Participating Unit Linked Insurance Plan
IN THIS POLICY, THE INVESTMENT RISK IN INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER.

Wealth Creation with safety of funds

Shorter Premium Payment Terms

Flexibility of Protection Cover

Features and Benefits

Features Specification
Coverage All individuals in accordance with Board approved underwriting policy of the Company
Entry Age
(Age Last Birthday)
Minimum : 18 years

Maximum : 55 years
Maximum Age at Maturity
(Age Last Birthday)
70 Years
Sum Assured Multiple
Age of Life Insured at entry (Age at Last Birthday) Sum Assured Multiple(s) available
18-34 years 11/15/20 times the Annualised Premium
35 to 44 years 11/15 times the Annualised Premium
45 to 55 years 11 times the Annualised Premium
Premium Payment Term 7 or 10 Years
Policy Term 15 years
Minimum Annualised Premium Rs. 35,000
Maximum Annualised Premium No Limit
Minimum Sum Assured Rs. 3,85,000
Maximum Sum Assured No Limit, subject to the Board Approved underwriting policy of the Company
Premium Payment Mode Annual Only
Death Benefit
(Payable on the death of the Life Insured)
In case of Death of the Life Insured anytime during the term of the Policy, Sum Assured plus the Fund Value as on the date of death, subject to a minimum of 105% of all premiums paid till the date of death, shall be payable.
Maturity Benefit
(Payable on Maturity of the policy)

On maturity, you will be eligible to receive an amount, provided settlement option has not been exercised, equal to the Fund Value, where the Fund Value will be calculated as:

Fund Value = Summation of Units accumulated in Fund(s)  X  NAV of respective Fund(s) as on the Maturity Date

Please Note: In case the Maturity Date is a non working day for the Company or markets then next working day’s NAV will be applicable.

Investment Options Any of the Five (5) Funds or Dynamic Fund Allocation Option

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.
Trade logos displayed belong to Max Financial Services Ltd and Mitsui Sumitomo Insurance Co. Ltd. respectively and are used by Max Life Insurance Co. Ltd under a license.

Max Life Insurance Company Limited is a Joint Venture between Max Financial Services Ltd. and Mitsui Sumitomo Insurance Co. Ltd. Max Life Insurance Co. Ltd., 11th Floor, DLF Square Building, Jacaranda Marg, DLF City Phase II, Gurugram- 122002 (Haryana). IRDAI Registration No. - 104. 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. 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 Certificate Regn. 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.

The Linked Insurance products do not offer any liquidity during the first five years of the Policy contract. The policyholder will not be able to surrender/withdraw the monies invested in the Linked Insurance products completely or partially till the end of fifth year. Unit Linked Life Insurance products are different from the traditional insurance products and are subject to the risk factors. The premium paid in Unit Linked 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 Proposer/Insured is responsible for his/her decisions. Max Life Insurance Company Limited is only the name of the company and Max Life Platinum Wealth Plan is only the name of the Non-participating Unit Linked life insurance contract and does not in any way indicate the quality of the contract, its future prospects and 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 plans, their future prospects and returns. 

ARN :Max Life/Axis/Website/Content/Maxis Super/January 2018

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.

 

 

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