All Rights Reserved. An ISO 9001:2008 Certified Company.
Max Life Insurance Company Limited is a Joint Venture among 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. 90-A UdyogVihar, Sector 18, Gurugram (Haryana) - 122015.
Customer Helpline: 1860 120 5577 (9:00 A.M to six:00 P.M Monday to Saturday) * Call charges follow.
Online Helpline - 0124 648 8900 (09:00 AM to 09:00 PM Monday to Saturday).
Email ids: service.helpdesk@maxlifeinsurance.com
Website: www.maxlifeinsurance.com
*Life coverage coverage is to be had in this product. For greater details on chance elements, Terms and Conditions please study the prospectus carefully earlier than concluding a sale. You can be entitled to certain relevant tax blessings to your rates and coverage benefits. Please word all of the tax benefits are challenge to tax laws prevailing at the time of fee of top class or receipt of blessings by using you. Tax advantages are challenge to adjustments in tax legal guidelines. Trade brand displayed belongs to Max Financial Services Ltd. and Axis Bank Ltd. respectively and with their concurs, are utilized by Max Life Insurance Co.
Insurance is the difficulty matter of solicitation. For more info at the hazard elements, Terms and Conditions, please study the sales and rider prospectus cautiously earlier than concluding a sale. Tax benefits are eligible for tax exemption on satisfying conditions mentioned beneath Section 10(10D) of earnings tax act 1961. Tax exemptions are as according to our information of regulation and as in step with triumphing provisions of profits tax at 1961 . Policy holders are suggested to consult tax professional for better rationalization /interpretation. Please word that all the tax blessings are challenge to tax legal guidelines on the time of price of top class or receipt of policy blessings through you. Tax benefits are problem to changes in tax laws. The monthly Income Benefit and Terminal Benefit can be taxable concern to more top class being loaded at underwriting level.
Disclaimers for Market Linked Plans & Saving plans:
THE 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 exceptional from the traditional coverage products and are subject to the threat factors. The top class paid in the Unit Linked Life Insurance Policies is issue to investment dangers associated with capital markets and the NAVs of the units may work up or down based on the performance of fund and factors influencing the capital marketplace and the insured is answerable for his/her selections. Max Life Insurance is only the name of the coverage business enterprise and Max Life Online Savings Plan (UIN: 104L098V03) is best the name of the unit related existence insurance agreement and does now not in any manner imply the great of the agreement, its future potentialities or returns. Please recognize the associated risks and the relevant charges out of your Insurance agent or the Intermediary or coverage record of the insurer. The diverse finances offered beneath this contract are the names of the funds and do not in any manner imply the first-class of those budget, their destiny potentialities or returns.
Max Life Smart Wealth Plan is a Non-Linked Non-Participating Individual Life Insurance Savings Plan (UIN 104N116V04)
*#Some blessings are guaranteed and a few benefits are variable with returns primarily based on the future overall performance of your Insurer carrying on lifestyles coverage business. The assumed charges of return (four% p.a. and 8% p.a.) shown in the illustrative instance are not assured and they are not the top or decrease limits of what you might get returned as the fee of your Policy depends on a number of factors together with future investment performance. The guaranteed and non-assured advantages are applicable handiest if all due rates .The Maturity Benefit shown in the illustrative instance are inclusive/unique of taxes.
#^ The assured blessings are applicable handiest if all due premiums are paid.
#* Tax blessings as in step with prevailing tax laws, challenge to exchange.
*(a) "Protect a smile" initiative is relevant for all time period plans i.e. Max Life Five Year Renewal & Convertible Term Insurance (Non Participating)- 104N001V01; Max Life Easy Term Policy- 104N002V01; Max Life Level Term Policy (Non-Participating/Non-Convertible)- 104N009V01; Max Life Platinum Protect-104N060V01; Max Life Platinum Protect II-104N060V02; Max Life Premium Return Term Plan- 104N069V01; Max Life Online Term Plan-104N078V01; Max Life Premium Return Protection Plan- 104N083V01; Max Life Smart Term Plan-104N113V01.
(b) 1 yr training of an underneath privileged baby may be funded as a part of Max Life CSR tasks.
**Standard Premium For 24-Year Old Healthy Male, Non-Smoker, 25 Years Policy Term, 25 Year Premium Payment Term (distinctive of GST) for Max Life Smart Secure Plus Plan (UIN: 104N118V02)
# The savings indicated is the most top rate difference compared with offline plan & depends on the variation bought.
^*All claims that qualify for InstaClaim™ can be paid within 1 running day from date of submission of all obligatory documents else Max Life pays hobby at Bank Rate as on starting of economic 12 months in which declare has been obtained (four.sixty five % p.a. for FY’20) for every day of delay past one running day. Interest shall be at the financial institution fee this is familiar at starting of the financial year in which loss of life claim has been obtained.
Claims for regulations finished 3 non-stop years. All mandatory documents need to be submitted before 3:00pm on a working day.Claim quantity on all eligible policies4 is less than Rs. 1 Crore. Claim does now not warrant any field verification.Mandatory Documents :> Original coverage record > Original/attested reproduction of death certificates issued with the aid of local municipal authority > Death claim application shape (Form A) > NEFT mandate form attested by bank government in conjunction with a cancelled cheque or financial institution account passbook at the side of nominee's image identity evidence > Discharge/Death precis attested via medical institution government or FIR & Post Mortem Report/viscera record (in case of accidental dying)
~@ Age 30: Standard top class for 30 12 months old Healthy male, 1Cr life cover, 25 years policy term, 25 years premium price term (exclusive of GST) for Max Life Smart Secure Plus Plan (UIN: 104N118V02)
Age 35: Standard premium for 35 12 months old Healthy male, 1Cr life cowl 25 years coverage time period, 25 years top class fee time period (specific of GST) for Max Life Smart Secure Plus Plan (UIN: 104N118V02)Disclaimer for five% salaried bargain
7CMO Asia BFSI Excellence Award 2019
5Criteria applicable handiest for “Term plans” for Graduate, Indian resident with declared earnings >= 10 lacs with CIBIL rating >= 650 (salaried) and >= seven hundred (self-employed) without a disclosed scientific situation
4InstaClaim TM is to be had for all versions of Max Life Online Term Plan (UIN 104N078V01); Max Life Smart Term Plan (UIN: 104N113V01 / 104N113V02/ 104N113V03/104N113V04) and Max Life Smart Secure Plus Plan (UIN:104N118V02). Mandatory Documents : • Original policy record • Original/attested replica of death certificates issued with the aid of nearby municipal authority • Death claim application shape (Form A) • NEFT mandate shape attested via financial institution authorities together with a cancelled cheque or bank account passbook together with nominee's image identity evidence • Discharge/Death summary attested through medical institution government or FIR & Post Mortem Report/viscera report (in case of unintended dying)
## Save 46,800 on taxes if the coverage top rate quantity is Rs.1.five lakh in keeping with annum and you are a Regular Individual, Fall below 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 coverage top class amount is Rs.1.5 lakh consistent with annum for existence cover and 25,000 for important infection cowl and you're a Regular Individual, Fall under 30% profits tax slab having taxable profits much less than Rs. 50 lakh and Opt for Old tax regime.
3The cut price is applicable if you are a salaried employee with a company. During coverage issuance, Max Life may additionally name for proof of employment if required. In case proposer when requested isn't able to show the employment element, cut price offer can be discontinued and additional premium as applicable will should be paid for processing of the case.
MAX LIFE CRITICAL ILLNESS AND DISABILITY RIDER (UIN- 104B033V01) available as a rider on charge of extra top class.
>Extended cover of up to 85 years is to be had with gold and platinum variant most effective
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