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Max Life Riders

Max Life Partner Care Rider

Extend your financial protection to your spouse in case you face an unforeseen eventuality

Death Benefit

Benefits paid immediately

Minimum Rider Sum Assured

Rs. 1,000

Minimum Premium

Rs. 0.077 per month

Premium Payment Term

Equal to the term of the rider or number of policy years remaining till assured attains the age of 60 years, whichever is sooner

Features and Benefits

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

Overview

You have purchased a life insurance policy to ensure long term savings and protection for you and your family. However, life is full of uncertainties and you want to ensure that even in case of an eventuality, your spouse’s financial future is secure. Max Life Insurance offers you a solution that not only provides financial protection to you but also to your Partner. You can add Max Life Partner Care Rider to your Unit Linked Life Insurance plan and ensure financial protection to your Partner in case you meet an unfortunate event during the base plan policy term.

Event How and when benefits are payable Quantum of such benefit/policy monies

Death of the Life Insured

Paid immediately on the approval of the death claim

Sum of all future premiums payable under the base policy till the vesting date chosen at the inception of the base policy up to age 60 years, will be paid immediately on death to the nominee and the Rider will terminate.

If the base policy is in the grace period, the unpaid premium shall also be a part of the death benefit.

Not Applicable

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