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Save for your child’s education, marriage, or your retirement and
stay protected until you are 100 years
Premiums only for a few years and protection upto the age of 100
Life cover increases with age
Provide a legacy for your family
Financial support for any major or minor events at any time
Features and Benefits
Plan at a Glance
This Life Insurance product is offered and underwritten by Max Life Insurance Co. Ltd. Life Insurance coverage is available in this product. The Life Insurance contract is between the Proposer and Max Life Insurance Co. Ltd.
In your journey through life, you plan and save for your child’s education, marriage, your retirement, etc. but what about creating a legacy for your loved ones after you.
To cater to this unique need, we have introduced Max Life Whole Life Super, a life insurance plan in which you pay premiums only for a limited number of years and enjoy protection up to the age of 100 years. With the power of bonuses, life cover continues to increase as your age increases. In case of your death, your family will get a comprehensive death benefit that will take care of all the financial needs and provide a legacy for your family.
Additionally, this plan also provides the flexibility to withdraw money from your policy to support major or minor events without having to surrender your policy.
The plan offers you guaranteed protection for life till age 100 years, which continues to grow through bonuses. On attainment of age 100 years, this plan gives you 100% of Guaranteed Maturity Sum Assured along with Accrued Paid Up Additions (if any) and Terminal Bonus (if any).
The plan offers you flexibility to choose your premium payment terms that suits your requirement. You can choose either 10, 15 or 20 years as your premium payment term, depending on your financial goals.
The plan offers the flexibility to choose among the following bonus options basis your need:
You have the flexibility to withdraw the accumulated bonuses (cash value of Paid up Additions) in case of any need*
*This is applicable if the bonus option chosen is Paid Up Additions (PUA).
On maturity, that is, policy anniversary coinciding with or immediately following Life Insured’s 100th birthday, the following benefit will be paid:
On death during the term of the policy, the following benefits will be paid:
Guaranteed Death Benefit is defined as higher of:
The policy will terminate in case of the death of the life insured.
Annualised Premium is defined as Premium inclusive of Extra Premium (if any) but exclusive of Service Tax, Education Cess and any loadings for Modal Premiums and remains same irrespective of the Premium Payment Mode
The plan offers unique Terminal Illness benefit, in which if the Life Insured is found to be suffering from a terminal illness that is likely to lead to his/her death within six months of diagnosis, in the opinion of a registered medical practitioner, the Company will advance 50% of the Guaranteed Maturity Sum Assured (up to a maximum of Rs. 10 lacs across all policies which provide this benefit) immediately upon Policyholder’s request.
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.
For more details on the rider and the various terms and conditions, please refer to the rider brochure available at www.maxlifeinsurance.com
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