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Life Insurance

Max Life Platinum Wealth Plan

(UIN: 104L090V03)
A Non-Participating Unit Linked Insurance Plan with comprehensive Life Insurance Cover


Option to choose Premium Payment Term and Policy Term as per your convenience

Your choice of Funds & Investment strategies

Guaranteed Loyalty Additions and Guaranteed Wealth Boosters for you

 Low charges to boost your returns

Features and Benefits

Key Benefits and Features

Get a life insurance cover of 10 times the Annualised Premium (for Limited and Regular Pay options) from base policy. You can also opt for an additional life cover, with Max Life Partner Care Rider.

Pay premiums for a limited period (one year or five years) or entire policy term; with Policy Term options available from 10 years to 20 years (For Single Pay policies only 10 year Policy Term is available).

Choice of 5 (five) Funds for investors with different risk appetites. Alternatively you may select one of two fund strategies of Systematic Transfer Plan and Dynamic Fund Allocation, to protect your investments against market volatilities

Enjoy Guaranteed Loyalty Additions and Guaranteed Wealth Boosters to further enhance your Policy Fund Value.

This product offers zero policy administration charge post 5 policy years (other charges may apply).


Fund Value, as on Date of Maturity, provided Settlement Option has not been exercised

On death of the Life Insured during the Policy Term, higher of Sum Assured (reduced by applicable partial withdrawals) or Fund Value (As on the Date of Death), subject to a minimum of 105% of all premiums paid, shall be payable

Guaranteed Loyalty Additions: The Company will pay additional percentage of Fund Value to the Fund by creation of additional units, at the end of policy year.

Guaranteed Wealth Booster: Apart from the Guaranteed Loyalty Additions the company will also pay Guaranteed Wealth Boosters to the Policyholder, which is additional percentage of Fund Value to be added to the Fund by creation of additional units, at the end of policy year. The additional percentage will be determined by the premium paid by the Policyholder

For more details, please refer to the detailed prospectus available at

How plan works:

Systematic Transfer Plan helps you replicate a rupee cost averaging method on your Annualised Premium. This option is available only for single premium policies or policies taken with annual mode. The single / annual premium received net of any premium allocation charge shall be allocated first to the Secure Plus Fund. Immediately thereafter and on each subsequent monthly anniversary, the fund value of [1/ (13 - month number in the Policy year)] of the Units available at the beginning of the month shall be switched to Growth Super Fund automatically by cancelling Units in the Secure Plus Fund, and purchasing Units in the Growth Super Fund till availability of Units in Secure Plus Fund.

Dynamic Fund Allocation option is an investment strategy which in early part of your policy term invests in equity oriented funds and as your policy term progresses it shifts the fund allocation towards more conservative funds. You can opt for Dynamic Fund Allocation option only at the inception of policy. Under this option, assets under management shall be maintained amongst Growth Super Fund and Secure Fund in a pre-defined proportion that changes depending upon the years left to maturity.

Please Note - You can either opt for Systematic Transfer Plan or Dynamic Fund Allocation option during the Policy Term but not both.

For more details, please refer to the detailed prospectus available at

Max Life Partner Care rider (UIN:104A023V01) is available with this plan. Sum of all future premiums payable under the base policy or till Life Insured attains an age of 60 years (whichever is earlier), will be paid immediately on Life Insured’s death and the rider will terminate.

Please Note – The Rider is available for Limited Pay & Regular Pay variants and has to be attached at Policy inception only. Please refer the Rider Prospectus (or Max Life website – for more details on the Rider

You may, at least fifteen (15) days prior to the Maturity Date, opt for a Settlement Option, pursuant to which the Company will continue to manage the Funds for you for a maximum period of five (5) years from the Maturity Date and make periodic payments (along with frequency of payments: Annual, Semi Annual, Quarterly or monthly)

At any time during the Policy Term, you have the right to surrender the policy by advising the Company in writing

You have a period of 15 days (30 days if the policy is sourced through distance marketing modes) from the date of receipt of the policy to review the terms and conditions of the policy and where you disagree to any of those terms or conditions, you have the option to return the policy stating the reasons for your objections, upon which you shall be entitled to an amount which will be equal to non-allocated premium plus charges levied by cancellation of units plus Fund Value at the date of cancellation, less charges deducted towards mortality and rider benefit (including all applicable taxes, cesses and levies as imposed by the Government on these charges) for the period of cover, expenses incurred on medical examination, if any, and on account of stamp duty.

For more details, please read the detailed prospectus available at


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