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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

Type of Rider Linked Rider
Available Issue Ages

(Age as at Last Birthday)
Minimum – 21 years

Maximum - 55 years
Maximum Maturity Age

(Age Last Birthday)
60 years
Policy Term
  • The term of this Rider shall be equal to the premium payment term of the base plan, chosen at the inception of the base policy ( if the Rider is attached to the base policy at a further date, then the term of the Rider will be equal to the remaining premium payment term of the base policy.)
  • However, if the premium payment term under the base plan goes beyond the maximum maturity age of 60 years, the term of this Rider shall be restricted to the number of policy years remaining for the policyholder to attain age 60 years last birthday.
  • Further the term under this Rider shall be subject to a minimum term of 5 years and a maximum term of 39 years
Premium Payment Term The premium payment term of this Rider shall be equal to the term of the Rider. However, if the premium payment term under the base policy goes beyond the age of 60 years, the term of this Rider shall be restricted to the number of policy years remaining till you attain the age of 60 years
Minimum/Maximum Premium
  • Minimum Premium for the Rider is Rs. 0.077 per month.
  • However, the maximum Rider premium shall in no case exceed 30% of the premium (including extra premium, if any) payable under the base policy.
  • In case of a linked pension plan, the maximum Rider premium shall, in no case exceed 15% of the premium (including extra premium, if any) payable under the base policy
Minimum Rider Sum Assured/Benefit Amount Minimum Sum Assured (at any time during the policy term) for the Rider is Rs. 1,000
Maximum Rider Sum Assured/Benefit Amount Is based on the maximum premium of the base policy. However, the Sum Assured under the Rider will not exceed the Sum Assured under the base policy other than in case of pension plans.
Charge at Sample Ages (in Rs.) Rider premium will be collected monthly via deduction of units from the base policy

Monthly Rider Charge = (Annual Charge per thousand /12) X Sum at Risk/1000

• The Sum At Risk for the Rider is the sum of the remaining premiums payable under the base policy, anytime during the term of the Rider.

• Rider Premium Rates per Rs. 1,000 Sum At Risk for sample ages are given in the table below:

Male Age
(as at last birthday)
Rate per Rs. 1,000 Sum at Risk
25 1.13
30 1.17
35 1.39
40 2.05
45 3.11

Please note that:

• Male and female have different premium rates

• The premium rates are uni-smoker

For more details on Revival Conditions, Grace Period and Non-forfeiture, please refer to the Rider Brochure available at www.maxlifeinsurance.com

Max Life Insurance Company Limited is a Joint Venture between .Max Financial Services Limited and Mitsui Sumitomo Insurance Co. LtdMax 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 detailed product and rider brochures (available at www.maxlifeinsurance.com) 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


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.


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/Partner Care/ Apr2016

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