Max Life offers a one-stop solution to deliver a superior service experience to customers: an online customer portal. It enables you with one-click access to all your policy-related details! Please go thr
ough the following steps to understand how to use the portal. 1 Cr Life cover + Premium of Rs.3L* ReturnedWith Max Life Term Insurance Plan
Premiums back ~1 on exit Tax savings of up to Rs.46,800/-*
Disclaimer :
Max Life Smart Secure Plus Plan. A non-linked non-participating individual pure risk premium life insurance plan| The premium calculated as per Standard premium for 30 year old healthy male, non-smoker, 40 years policy term, 40 years premium payment term (exclusive of GST) for Max Life Smart Secure Plus Plan and is rounded off from Rs. 3,27,782 . ~1 Condition for special exit value: Option to receive all premiums paid back at the age of 55 years and post which the life cover also gets terminated. Total premiums paid towards the policy (excl. GST) will be the Special Exit Value payable at the age of 55 years in case the policy holder wishes to completely exit the policy. Benefit available with special exit value -Total premium paid inclusive of any extra premium but exclusive of all applicable taxes, cesses or levies & modal extra. the total premiums paid plus underwriting extra premiums paid plus loadings for modal premiums exclusive of all applicable taxes, cesses or levies. This value shall be applicable on the base cover premium only and not to additional optional benefits like ACI, Accident cover, Joint life cover and Voluntary Sum Assured Top-Up.
Alok Mishra is a Digital and Content Marketing specialist with 10 years of experience. He has spearheaded Web Content, Social Media & Branding, and Community Building initiatives to drive growth for prominent brands.
8+ years of experience in Life Insurance with expertise in Developing Life and Health Products, Digital Sales, Conducting effective trainings and Key Account Management.
Steps to check our customer portalThe digital world has made our lives easier. With just a few clicks , you can access all the information related to your policy. To ensure a seamless, friction-less & user-friendly service experience, we have created a user interface which is easy to the eyes and offers a top-of-the-line service experience!
This is how you can easily access our customer portal:
If you are a registered user
If you are already registered with us, all you need to do is:
Step 2 : Click on the ‘Customer Login’ tab on the top right-hand corner of the page.
Step 3: Log in using your registered mobile number/policy number and date of birth. You can also use your email address to log into the our customer portal.
Step 4: Please fill your details on the login page correctly. Once you do that, you will receive an OTP on your registered mobile number and email address – that OTP needs to be entered here.
Step 5: Upon accessing the portal succesfully, you will be redirected to a page which displays all the details regarding your policies (active and inactive, both). Over here, you can avail a host of services like online premium payments, download previous payment receipts, update your personal information, and much more.
Step 6: When you click on ‘View Policy Details’, the page will expand to reflect four tabs providing different information regarding the overall summary of your policy, transaction history, personal information and fund details (in case of a ULIP policy).
Step 7: Under the Transaction tab, you will find your current payment status and the payment records.You can download the receipt for your last payment along with a consolidated receipt for yearly transactions from this page.
Step 8: This portal allows you to view your entire investment portfolio just by logging into your profile. If you have a ULIP policy , you can find the value of the funds allocated along with other necessary details such as current NAV value, miscellaneous ULIP charges, etc. Not to mention, it has never been easier than now to switch between funds, if you feel the need for it.
For customers with a traditional policy, this section would display Bonus/Refund.
Once you log-out of the portal, you can also send us feedback on how to improve the online services provided on the website.
If you face any issues while accessing our customer login portal, you can call us at 1860 120 5577 , or drop in an email to service.helpdesk@maxlifeinsurance.com
You can check your policy details by calling 1860 120 5577 - our helpline number (Monday – Saturday, 9:00 am to 6:00 pm)
2. By email You can seek answers to your queries by writing to service.helpdesk@maxlifeinsurance.comYou can also aceess your policy details by sending an SMS to us. Depending on the query, you need to send a short code specified by Max Life to 5616188.
4. By visiting the branch office If needed, you can also visit your nearest branch office. What you can do through our customer portalThrough our customer portal, you can avail a host of services like:
Our customer portal enables you to have a single window view of all your policy/ies-related detailed, while enabling you with a host of self-service options.
The entire process can be completed in seconds.
You can simply fill in your policy number/registered mobile number/email address and date of birth, and log onto your account through an OTP (sent to your registered mobile number and email address).
You will need your policy number and personal details such as registered mobile number or email address and date of birth to access your policy-related details.
After logging in to our customer portal, you can check premium-related details, view/download payment receipts and avail other self-service options as per your requirement.
After logging onto the portal, please click on the ‘Download’ section to access your policy-related documents.
ARN NO: Dec23/Bg/05AH
*^ Savings mentioned are indicative of the maximum premium difference when the same plan/variant is bought offline
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BEWARE OF SPURIOUS PHONE CALLS AND FICTITIOUS/FRAUDULENT OFFERS
IRDAI clarifies to public that:IRDAI - Registration No. 104. ARN/Web/01/21042021 Category: Life. Validity: Valid.
Corporate Identity Number (CIN):U74899PB2000PLC045626.
Corporate Office: Max Life Insurance Co. Ltd. 11th Floor, DLF Square, Building, Jacaranda Marg, DLF Phase 2, Sector 25, Gurugram, Shahpur, Haryana 122002
Trade logo displayed belongs to Max Financial Services Ltd. and Axis Bank Ltd .respectively and with their consents, are used by Max Life Insurance Co. Ltd
Max Life Insurance Company Limited is a Joint Venture between Max Financial Services Limited and Axis Bank Limited.
Corporate Office : Max Life Insurance Co. Ltd. 11th Floor, DLF Square Building, Jacaranda Marg, DLF City Phase II, Gurugram (Haryana) - 122002.
Operation Center : Max Life Insurance Co. Ltd, Plot No. 90C, Udyog Vihar, Sector 18, Gurugram (Haryana) - 122015.
Customer Helpline: 1860 120 5577 (9:00 A.M to 6:00 P.M Monday to Saturday) * Call charges apply.
Online Helpline - 0124 648 8900 (09:00 AM to 09:00 PM Monday to Saturday).
Email ids: service.helpdesk@maxlifeinsurance.com
Max Life Insurance is integrated with licensed NBFC FinVu (Cookiejar Technologies Pvt. Ltd. for sharing policy details with regulated Financial Information Users within the Account Aggregator ecosystem after obtaining the Policy holder's consent. Read more about Account Aggregator framework here.
*Life insurance coverage is available in this product. 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. Trade logo displayed belongs to Max Financial Services Ltd. and Axis Bank Ltd. respectively and with their consents, are used by Max Life Insurance Co.
Insurance is the subject matter of solicitation. For more details on the risk factors, Terms and Conditions, please read the sales and rider prospectus carefully before concluding a sale. Tax benefits are eligible for tax exemption on fulfilling conditions mentioned under Section 10(10D) of income tax act 1961. Tax exemptions are as per our understanding of law and as per prevailing provisions of income tax at 1961. Policy holders are advised to consult tax expert for better clarification /interpretation. Please note that all the tax benefits are subject to tax laws at the time of payment of premium or receipt of policy benefits by you. Tax benefits are subject to changes in tax laws. The monthly Income Benefit and Terminal Benefit may be taxable subject to extra premium being loaded at underwriting stage.
Disclaimers for Market Linked Plans & Saving plans:
THE UNIT LINKED INSURANCE PRODUCTS DO NOT OFFER ANY LIQUIDITY DURING THE FIRST FIVE YEARS OF THE CONTRACT. THE POLICYHOLDER WILL NOT BE ABLE TO SURRENDER/WITHDRAW THE MONIES INVESTED IN LINKED INSURANCE PRODUCTS COMPLETELY OR PARTIALLY TILL THE END OF FIFTH YEAR.
Unit Linked Insurance Products (ULIPs) are different from the traditional insurance products and are subject to the risk factors. The premium paid in the Unit Linked Life 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 insured is responsible for his/her decisions. Max Life Insurance is only the name of the insurance company and Max Life Online Savings Plan (UIN: 104L098V06) is only the name of the unit linked life insurance contract and does not in any way indicate the quality of the contract, its future prospects or 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 funds, their future prospects or returns.
Max Life Online Savings Plan is a Unit Linked Non Participating Individual Life Insurance Plan (UIN: 104L098V06)
*#Some benefits are guaranteed and some benefits are variable with returns based on the future performance of your Insurer carrying on life insurance business. The assumed rates of return (4% p.a. and 8% p.a.) shown in the illustrative example are not guaranteed and they are not the upper or lower limits of what you might get back as the value of your Policy depends on a number of factors including future investment performance. The guaranteed and non-guaranteed benefits are applicable only if all due premiums are paid. The Maturity Benefit shown in the illustrative example are inclusive/exclusive of taxes.
^^On completion of policy term
The savings indicated is the maximum premium difference as compared with offline plan & depends on the variant purchased.
Claims for policies completed 3 continuous years. All mandatory documents should be submitted before 3:00pm on a working day. Claim amount on all eligible policies4 is less than Rs. 1 Crore. Claim does not warrant any field verification. Mandatory Documents:> Original policy document > Original/attested copy of death certificate issued by local municipal authority > Death claim application form (Form A) > NEFT mandate form attested by bank authorities along with a cancelled cheque or bank account passbook along with nominee’s photo identity proof > Discharge/Death summary attested by hospital authorities or FIR & Post Mortem Report/viscera report (in case of accidental death)
1 The 5% employee discount will be refunded to you once your policy is issued. Submit your documents for getting your policy issued and get 5% employee discount
2 Total premium will be charged at the time of the policy issuance (subject to underwriting’s decision).
3 The discount is applicable if you are a salaried employee with a corporate. During policy issuance, Max Life may call for proof of employment if required. In case proposer when asked is not able to prove the employment part, discount offer will be discontinued and additional premium as applicable will have to be paid for processing of the case.
4 InstaClaim TM is available for all versions of (UIN: 104N118V09). Mandatory Documents: • Original policy document • Original/attested copy of death certificate issued by local municipal authority • Death claim application form (Form A) • NEFT mandate form attested by bank authorities along with a cancelled cheque or bank account passbook along with nominee’s photo identity proof • Discharge/Death summary attested by hospital authorities or FIR & Post Mortem Report/viscera report (in case of accidental death)
5 Criteria applicable only for “Term plans” for Graduate, Indian resident with declared income >= 10 lacs with CIBIL score >= 650 (salaried) and >= 700 (self-employed) with no disclosed medical condition
6 The life insurer is eligible for a discount on renewal premium under regular pay variant by accumulating Healthy Weeks as per terms and conditions of the rider
7Available with Max Life Smart Wealth Plan (UIN: 104N116V12)
8Available with Max Life Smart Fixed-return Digital Plan (UIN: 104N123V05). The guaranteed benefits are available with selected life insurance plans & are applicable if all due premiums are paid.
9The percentage savings is for a regular pay Max Life Smart Secure Plus Plan (A Non Linked Non Participating Individual Pure Risk Premium Life Insurance Plan, UIN: 104N118V09)– Life Option for 1 cr life cover for a 35 year old, non-smoker male for a policy term of 40 years vs a 10 year policy term with the same details’
## Tax conditions :
## Save 46,800 on taxes if the insurance premium amount is Rs.1.5 lakh per annum and you are a Regular Individual, Fall under 30% income tax slab having taxable income less than Rs. 50 lakh and Opt for Old tax regime ~# Save 54,600 on taxes if the insurance premium amount is Rs.1.5 lakh per annum for life cover and 25,000 for critical illness cover and you are a Regular Individual, Fall under 30% income tax slab having taxable income less than Rs. 50 lakh and Opt for Old tax regime.
CI Rider disclaimers:
MAX LIFE CRITICAL ILLNESS AND DISABILITY RIDER (UIN: 104B033V01) available as a rider on payment of additional premium.
> Extended cover of up to 85 years is available with gold and platinum variant only
@ 64 critical illnesses covered in platinum and platinum plus variant on payment
22 critical illnesses covered in gold and gold plus variant
*^Total premiums paid inclusive of any extra premium but exclusive of all applicable taxes, cesses or levies and modal extra. Return of premium option is available on payment of additional premium.
~ Conditions for premium break: Available at an additional premium for policies with policy term greater than 30 years and premium payment term greater than 21 years. Option to skip paying premium for 12 months. 2 premium breaks will be available during the premium payment term separated by an interval of at least 10 years
~1 Conditions for Special exit value:
Option to receive all premiums paid back, at a specified point in the term of the policy (free of cost). Available when Return of Premium variant is not chosen. No additional premium to be paid.
~2 Voluntary Top-up Sum assured:
Option to double your insurance cover, basis underwriting, at the time of your need by increasing your sum assured up to an additional 100% of base sum assured, chosen at inception
^^*^^Free look period conditions:
The policyholder has a period of 30 days from the date of receipt of the policy document, to review the terms and conditions of the Policy, where if the policyholder disagrees to any of those terms or conditions, he / she has the option to return the Policy stating the reasons for his objections. The policyholder shall be entitled to a refund of the premiums paid, subject only to deduction of a proportionate risk premium for the period of cover and the expenses incurred by the company on medical examination of the lives insured and stamp duty charges.
^Individual Death Claim Paid Ratio as per audited financials for FY 2023-2024
@3 Tax benefits as per prevailing tax laws, subject to change
Terms and conditions for availing 5% employee discount:
Past performance of the investment funds do not indicate the future performance of the same. Investors in the Scheme are not being offered any guaranteed / assured returns. The premiums & funds are subject to certain charges related to the fund or to the premium paid.
The premium shall be adjusted on the due date even if it has been received in advance.
For Total Installment Premium - Total Installment Premium is the Premium payable as per premium paying frequency chosen, it excludes GST and applicable taxes, cesses or levies, if any; and includes loadings for modal premiums, Underwriting Extra Premium and Rider Premiums if any.
For Return of Premium - ~ The Return of Premium Option is available on payment of Additional Premium. Premium does not include amount paid for riders and is excluding taxes, cesses and levies. Upon Policyholder's selection of Return of Premium variant this product shall be a Non-Linked Non-Participating Individual Life Insurance Savings Plan.
For Riders - # Applicable Rider available on the payment of Additional Premium is Max Life Critical Illness and Disability Rider | Non-Linked Non-Participating Individual Pure Risk Premium Health Insurance Rider | UIN: 104B033V01. Critical Illness and Disability Rider variant opted is Platinum Plus which covers 64 critical Illnesses. The rider cover will only be paid in scenarios where customer is diagnosed with listed 64 critical illnesses or total and permanent disability. Rider will terminate after major critical illness claim is paid to the policyholder. In case customer requests for cancellation of rider only, the solution as a whole will be cancelled and not just the individual rider.
For Additional Benefits - ## On Payment of Additional Premium. The accident cover will only be paid in scenarios where death occurs due to accident.
*~Disclaimer | Max Life Smart Secure Plus Plan. A non-linked non-participating individual pure risk premium life insurance plan |Benefit available with special exit value -Total premium paid inclusive of any extra premium but exclusive of all applicable taxes, cesses or levies & modal extra. The premium calculated as per Standard premium for 30 year old healthy male, non-smoker, 40 years policy term, 40 years premium payment term (exclusive of GST) for Max Life Smart Secure Plus Plan.
##Policy continuance benefit is not available with lifelong wealth variant. **The accrued income will be accumulated on an annual basis at the prevailing reverse repo rate (publish on RBI’s website).
#With “Save the date”, you can choose to take your annual income to any special date in a year.
***Available with early wealth variant. Income benefit will be paid as per selected plan terms.
~Accidental death benefit is available in call variants except for Single premium variant. Life insurance coverage is available in this product.
#~Term Insurance plan bought online directly from Max Life Insurance has no commissions involved.
~1Max Life Smart Secure Plus Plan, A non-linked non-participating Individual Pure Risk Premium Life Insurance Plan| Standard Premium for 30 year old healthy male, non-smoker, 40 years policy term, 40 year premium payment term (exclusive of GST) for Max Life Smart Secure Plus Plan | ~1 Conditions for special exit value: Option to receive all premiums paid back, at a specified point in the term of the policy (free of cost). Available when Return of premium variant is not chosen. No additional premium to be paid. Option to receive all premiums back (exclusive of GST). Flexibility of exiting the plan early. Special Exit Value cover applicable till age 68 & above (of your age). T&C Apply.
@>Max Life Critical illness and Disability (UIN: 104B033V01) available as a rider on payment of additional premium. 64 critical illnesses covered in platinum and platinum plus variant on payment.
*Available on Payment of Additional Premium. The accident cover will only be paid in scenarios where death occurs due to accident.
^ 1 Disclaimer: Standard premium for 24-year old healthy male, non-smoker, 25 years policy term,25 year premium payment term (exclusive of GST) for Max Life Smart Total Elite Protection Term Plan (UIN: 104N125V05) with a life cover of Rs. 50 lakh.
^ 2 Disclaimer: Standard premium for 24-year old healthy male, non-smoker, 25 years policy term,25 year premium payment term (exclusive of GST) for Max Life Smart Total Elite Protection Term Plan (UIN: 104N125V05) with a life cover of Rs. 75 lakh.
^ 3 Disclaimer: Standard premium for 24-year old healthy male, non-smoker, 25 years policy term,25 year premium payment term (exclusive of GST) for Max Life Smart Total Elite Protection Term Plan (UIN: 104N125V05) with a life cover of Rs. 1 Cr.
^ 4 Disclaimer: Standard premium for 24-year old healthy male, non-smoker, 25 years policy term,25 year premium payment term (exclusive of GST) for Max Life Smart Total Elite Protection Term Plan (UIN: 104N125V05) with a life cover of Rs. 1.5 Cr.
^ 5 Disclaimer: Standard premium for 24-year old healthy male, non-smoker, 25 years policy term, 25 year premium payment term (exclusive of GST) for Max Life Smart Total Elite Protection Term Plan (UIN: 104N125V05) with a life cover of Rs. 2 Cr.
^ 6 Disclaimer: Standard premium for 24-year old healthy male, non-smoker, 25 years policy term, 25 year premium payment term (exclusive of GST) for Max Life Smart Total Elite Protection Term Plan (UIN: 104N125V05) with a life cover of Rs. 5 Cr.
Disclaimer~*Standard premium for 24-year old healthy female,non-smoker, 25 years policy term, 25 year premium payment term (exclusive of GST) for Max Life Smart Total Elite Protection Term Plan (UIN: 104N125V05)
~^Disclaimer: 5 year return (CAGR – Compound Annualised Growth Rate) from Max Life High Growth Fund (ULIF01311/02/08LIFEHIGHGR104) as on 31/07/2024
^~The assumed rates of return (4% p.a. and 8% p.a.) shown in the illustrative example are not guaranteed and they are not the upper or lower limits of what you might get back. The value of your policy depends on a number of factors including future investment performance. The amount shown is for a 30-year-old healthy male, with 10 years premium payment term, and 35 years policy term with Max Life Online Saving Plan (Unit Linked Non Participating Individual Life Insurance Plan | Life Insurance is available in this product).
**Disclaimer | Max Life Smart Secure Plus Plan. A Non Linked Non Participating Individual Pure Risk Premium Life Insurance Plan. | **Standard Premium for 24 Year Old Healthy Female, Non-smoker, 25 Years Policy Term, 25 Year Premium Payment Term (exclusive of GST) for Max Life Smart Secure Plus Plan. | For Male, the Total premium to be paid in 25 years is Rs.2.09 lakhs (exclusive of GST). ~As compared to the similar modal points of Male, Female has to pay Rs. 13,800 lesser premium than male for the entire policy term (exclusive of GST).
~3Disclaimer: A 35 year old female opting for a life cover of Rs. 1 Cr till the age of 75 years pays Rs. 3,319 monthly for 10 years while a 35 year old male will pay Rs. 4,168 monthly for 10 years
~4 Subject to submission of all documents required for GST waiver.
*++ Max Life's Nifty Alpha 50 Fund tracks the NSE's Nifty Alpha 50 Index, subject to tracking error. The above values have been calculated by projecting historical returns of the Nifty Alpha 50 index, after adjusting for all expenses, except the tracking error, in Max Life's online savings plan (variant 1) for a 35-year-old male investing 10k per month for 10 years and maturity after 20 years. The calculations have been done using historical returns of the Nifty Alpha 50 index and may not be indicative of the future performance of Max Life's Nifty Alpha 50 Fund. The above values have been calculated basis 10 year returns of 26.4% (30th Apr'24) of the Nifty Alpha 50 Index.
*+ Nifty Mid-cap 150 Momentum 50 Index was launched in Aug’22. These are returns of benchmark indices and are not indicative of return on Max Life Insurance’s Midcap Momentum Index fund. 10 year return of NIFTY Midcap 150 Momentum 50 Index as on 27/05/2024. Max Life Midcap Momentum Index Fund (SFIN: ULIF02802/01/24MIDMOMENTM104) is passively managed Index Fund that mirrors NIFTY Midcap 150 Momentum 50 Index.
*& 10 year return of Nifty Smallcap 250 Quality 50 Index as on 30/04/2024. The past returns are extrapolation of index fund returns up to past 10 years using same formula (provided by NSE). The returns are not indicative of the future performance of the fund. Max Life Nifty Smallcap Quality Index Fund is passively managed Index Fund that mirrors Nifty Smallcap 250 Quality 50 Index. The objective of the fund is to invest in companies with similar weights as in the index and generate returns as closely as possible, subject to tracking error.
@1 Standard premium for 20-year old healthy male, non-smoker, 40 years policy term, 40 year premium payment term (exclusive of GST) for Max Life Smart Total Elite Protection Term Plan (UIN: 104N125V05). The above mentioned premium is the discounted monthly premium to be paid in 1st year. Discount is applicable only for salaried employees with a corporate, purchasing via web link. During policy issuance, Max life may call for proof of employment if required. In case proposer when asked is not able to prove the employment part, discount offer will be discontinued and additional premium as applicable will have to be paid for processing of the case. | ~1 Get back all the premiums paid with Special Exit value. This can be exercised in any policy year starting 30th policy year, but not during the last 4 policy years. Available for minimum policy term of 40 years. Benefit available with special exit value - the total premiums paid plus underwriting extra premiums paid plus loadings for modal premiums exclusive of any applicable taxes, cesses or levies. This feature shall be applicable on the base cover premium only and not for additional optional benefits like Accelerated Critical Illness, Accident cover, Joint life cover, any attached riders and Voluntary Sum Assured Top-Up.
@2 Standard premium for 20-year old healthy male, non-smoker, 40 years policy term, 40 year premium payment term (exclusive of GST) for Max Life Smart Total Elite Protection Term Plan (UIN: 104N125V05). The above mentioned premium is the discounted monthly premium to be paid in 1st year. Discount is applicable only for salaried employees with a corporate, purchasing via web link. During policy issuance, Max life may call for proof of employment if required. In case proposer when asked is not able to prove the employment part, discount offer will be discontinued and additional premium as applicable will have to be paid for processing of the case. | ~1 Get back all the premiums paid with Special Exit value. This can be exercised in any policy year starting 30th policy year, but not during the last 4 policy years. Available for minimum policy term of 40 years. Benefit available with special exit value - the total premiums paid plus underwriting extra premiums paid plus loadings for modal premiums exclusive of any applicable taxes, cesses or levies. This feature shall be applicable on the base cover premium only and not for additional optional benefits like Accelerated Critical Illness, Accident cover, Joint life cover, any attached riders and Voluntary Sum Assured Top-Up.
7 Disclaimer: Rs. 1,00,29,587 after 14 years at policy maturity on monthly investment of Rs. 16,600 for 12 years for 30 year old male with Max Life Smart Wealth Plan – Long Term Variant. A non-linked non-participating individual life insurance savings plan. The guaranteed benefits are applicable only if all due premiums are paid. Total premiums paid is exclusive of GST. Life Insurance is available in this product. ARN: WP/SWP/250723.
Disclaimer: ~ 10 year CAGR of Nifty SmallCap 250 Quality50 index as on 24/07/2023. Max Life Nifty Smallcap Quality Index Fund is passively managed Index fund that tracks the Nifty SmallCap 250 Quality50 index (subject to tracking error).
Disclaimer: **+ NIFTY 500 Momentum 50 Index was launched in June'24. The past returns are back tested based on historical returns and formula (provided by NSE). These are returns of benchmark indices as on 11 June’24 and are not indicative of returns on Max Life Insurance’s newly launched NIFTY 500 Momentum 50 Fund. Max Life’s NIFTY 500 Momentum 50 Fund (SFIN:ULIF03014/08/24MOMENFIFTY104) is a passively managed Index Fund that mirrors NSE’s NIFTY 500 Momentum 50 Index, subject to tracking error. The fund value calculation is done by projecting historical returns of NSE’s NIFTY 500 Momentum 50 Index, after adjusting for all expenses (except tracking error) in Max Life’s Online Savings Plan (UIN: 104L098V06) for a 30 year old male investing 10k per month for 10 years. The above values have been calculated assuming 25% p.a. gross investment returns as on 11 June'24, which is the 10-year return of NSE's NIFTY 500 Momentum 50 Index (backtested).
Disclaimer: *6 Check the Total Premium amount against the respective monthly premium values in the below table.
Note: For Sum assured of 75 lakh, 1 crore, 1.5 crore and 2 crore, the below calculations are based on Max Life Smart Total Elite Protection Plan (A Non Linked Non Participating Individual Pure Risk Premium Life Insurance Plan, UIN:104N125V05). Monthly premium amounts are excluding GST and before any applicable discounts assuming Regular Pay and monthly payment mode.
| Age of Male Applicant | Premium Amount for Rs. 75 lakh Term Plan | Premium Amount for Rs. 1 crore Term Plan | Premium Amount for Rs. 1.5 crore Term Plan | Premium Amount for Rs. 2 crore Term Plan | ||||
|---|---|---|---|---|---|---|---|---|
| Smoker | Non-Smoker | Smoker | Non-Smoker | Smoker | Non-Smoker | Smoker | Non-Smoker | |
| 18 Years (PPT: 67 years) | 1417/Month Total Premium payable: 10.79 lakh | 885/Month Total Premium payable: 6.74 lakh | 1429/Month Total Premium payable: 10.88 lakh | 893/Month Total Premium payable: 6.80 lakh | 2143/Month Total Premium payable: 16.32 lakh | 1340/Month Total Premium payable: 10.20 lakh | 2547/Month Total Premium payable: 19.39 lakh | 1592/Month Total Premium payable: 12.12 lakh |
| 25 Years (PPT: 60 years) | 1872/Month Total Premium payable: 12.76 lakh | 1170/Month Total Premium payable: 7.98 lakh | 1956/Month Total Premium payable: 13.34 lakh | 1223/Month Total Premium payable: 8.34 lakh | 2934/Month Total Premium payable: 20.00 lakh | 1834/Month Total Premium payable: 12.50 lakh | 3436/Month Total Premium payable: 23.42 lakh | 2147/Month Total Premium payable: 14.64 lakh |
| 35 Years (PPT: 50 years) | 3030/Month Total Premium payable: 17.22 lakh | 1824/Month Total Premium payable: 10.76 lakh | 3421/Month Total Premium payable: 19.44 lakh | 2138/Month Total Premium payable: 12.15 lakh | 5131/Month Total Premium payable: 29.16 lakh | 3207/Month Total Premium payable: 18.22 lakh | 5663/Month Total Premium payable: 32.18 lakh | 3540/Month Total Premium payable: 20.11 lakh |
| 45 Years (PPT: 40 years) | 5687/Month Total Premium payable: 25.85 lakh | 3554/Month Total Premium payable: 16.16 lakh | 6314/Month Total Premium payable: 28.70 lakh | 3946/Month Total Premium payable: 17.94 lakh | 9470/Month Total Premium payable: 43.05 lakh | 5919/Month Total Premium payable: 26.90 lakh | 11948/Month Total Premium payable: 54.31 lakh | 7468/Month Total Premium payable: 33.94 lakh |
| 55 Years (PPT: 30 years) | 11,101/Month Total Premium payable: 37.84 lakh | 6938/Month Total Premium payable: 23.65 lakh | 13,065/Month Total Premium payable: 44.54 lakh | 8166/Month Total Premium payable: 27.84 lakh | 19,598/Month Total Premium payable: 66.81 lakh | 12,249/Month Total Premium payable: 41.76 lakh | 24,914/Month Total Premium payable: 84.93 lakh | 15,571/Month Total Premium payable: 53.08 lakh |
| 60 Years (PPT: 25 years) | 16,044/Month Total Premium payable: 45.58 lakh | 10,027/Month Total Premium payable: 28.49 lakh | 19,015/Month Total Premium payable: 54.02 lakh | 11,884/Month Total Premium payable: 33.76 lakh | 28,523/Month Total Premium payable: 81.03 lakh | 17,827/Month Total Premium payable: 50.64 lakh | 35,894/Month Total Premium payable: 101.97 lakh | 22,433/Month Total Premium payable: 63.73 lakh |
| Age of Female Applicant | Premium Amount for Rs. 75 lakh Term Plan | Premium Amount for Rs. 1 crore Term Plan | Premium Amount for Rs. 1.5 crore Term Plan | Premium Amount for Rs. 2 crore Term Plan | ||||
|---|---|---|---|---|---|---|---|---|
| Smoker | Non-Smoker | Smoker | Non-Smoker | Smoker | Non-Smoker | Smoker | Non-Smoker | |
| 18 Years (PPT: 67 years) | 1417/Month Total Premium payable: 10.79 lakh | 885/Month Total Premium payable: 6.74 lakh | 1429/Month Total Premium payable: 10.88 lakh | 893/Month Total Premium payable: 6.80 lakh | 2143/Month Total Premium payable: 16.32 lakh | 1340/Month Total Premium payable: 10.20 lakh | 2547/Month Total Premium payable: 19.39 lakh | 1592/Month Total Premium payable: 12.12 lakh |
| 25 Years (PPT: 60 years) | 1626/Month Total Premium payable: 11.09 lakh | 1016/Month Total Premium payable: 6.93 lakh | 1661/Month Total Premium payable: 11.36 lakh | 1038/Month Total Premium payable: 7.08 lakh | 2492/Month Total Premium payable: 16.99 lakh | 1557/Month Total Premium payable: 10.62 lakh | 2831/Month Total Premium payable: 19.30 lakh | 1769/Month Total Premium payable: 12.06 lakh |
| 35 Years (PPT: 50 years) | 2492/Month Total Premium payable: 14.16 lakh | 1588/Month Total Premium payable: 8.85 lakh | 2766/Month Total Premium payable: 15.72 lakh | 1729/Month Total Premium payable: 9.82 lakh | 4150/Month Total Premium payable: 23.58 lakh | 2593/Month Total Premium payable: 14.73 lakh | 4572/Month Total Premium payable: 25.98 lakh | 2857/Month Total Premium payable: 16.23 lakh |
| 45 Years (PPT: 40 years) | 4565/Month Total Premium payable: 20.75 lakh | 2853/Month Total Premium payable: 12.97 lakh | 4820/Month Total Premium payable: 21.91 lakh | 3012/Month Total Premium payable: 13.69 lakh | 7229/Month Total Premium payable: 32.86 lakh | 4518/Month Total Premium payable: 20.54 lakh | 9044/Month Total Premium payable: 41.11 lakh | 5652/Month Total Premium payable: 25.69 lakh |
| 55 Years (PPT: 30 years) | 8460/Month Total Premium payable: 28.84 lakh | 5288/Month Total Premium payable: 18.03 lakh | 9621/Month Total Premium payable: 32.80 lakh | 6013/Month Total Premium payable: 20.50 lakh | 14,432/Month Total Premium payable: 49.20 lakh | 9020/Month Total Premium payable: 30.75 lakh | 18,455/Month Total Premium payable: 62.91 lakh | 11,534/Month Total Premium payable: 39.32 lakh |
| 60 Years (PPT: 25 years) | 12,010/Month Total Premium payable: 34.12 lakh | 7506/Month Total Premium payable: 21.32 lakh | 14,120/Month Total Premium payable: 40.11 lakh | 8825/Month Total Premium payable: 25.07 lakh | 21,179/Month Total Premium payable: 60.17 lakh | 13,237/Month Total Premium payable: 37.60 lakh | 26,611/Month Total Premium payable: 75.60 lakh | 16,631/Month Total Premium payable: 47.62 lakh |
