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42 views1 page

Vivo 1

Uploaded by

Dheeraj Yadav
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Max Life Smart Term Plan

A Non-Linked Non Participating Individual Pure Risk Premium Life Insurance Plan
UIN: 104N113V04

PROSPECTUS

Life Insurance Coverage is available in this Product.

About Max Life Insurance


Max Life Insurance Company Limited (“Max Life”) is a Joint Venture between Max Financial Services Limited and Axis Bank
Limited. Max Financial Services Ltd. is a part of the Max Group, an Indian multi-business corporation.

Max Life offers comprehensive protection and long-term savings life insurance solutions, through its multichannel distribution
including agency and third-party distribution partners. Max Life has built its operations over almost two decades through need-
based sales process, a customer-centric approach to engagement and service delivery and trained human capital.

As per public disclosures, during the financial year 2019-20, Max Life achieved gross written premium of ₹ 16,184 crore. As on
31st March 2020, the Company had ₹ 68,471 crore of assets under management (AUM) and a Sum Assured in Force of ₹ 913,660
crore.

For more information, please visit the Company's website at www.maxlifeinsurance.com

Max Life Smart Term Plan

You have always strived to give your family the best in life and have ensured they fulfill their dreams. However, in your heart,
you always feel insecure about their future in your absence. Will your family be able to sustain the same lifestyle even in your
absence?

To put all your fears to rest and to provide you with peace of mind, Max Life Insurance offers Max Life Smart Term Plan - a
comprehensive protection solution which can be personalised for you and your loved ones at an affordable price. Why pay for
benefits that don’t suit your requirement - Max Life Smart Term Plan gives you the freedom to design your own plan that suits
your protection needs.
This is a non-linked non-participating individual pure risk premium life insurance plan; upon policyholder’s selection of
Premium Back variant (described below) this product shall be a non-linked non-participating individual life insurance savings
plan.

Key features of Max Life Smart Term Plan:

Every individual’s needs are different and with the plethora of features available under Max Life Smart Term Plan to choose
from, you can make your own term plan:
• Comprehensive death benefit variants: Max Life Smart Term Plan helps you customize the protection required at
affordable prices by offering 7 death benefit variants to choose from at the time of purchase.
• Option to pay your premiums as per your budget: Choose from a range of premium payment terms – Once, for a limited
period or throughout the policy term. Moreover, you have the option to pay premiums in yearly, half-yearly, quarterly or
monthly mode.
• Longer coverage duration: Choose your own desired policy term with coverage available up to age 85 years
• Accelerated payout in case life insured is diagnosed with any of the 40 specified critical illnesses by choosing “Accelerated
Critical Illness Benefit” by paying additional premium - increasing option also available which ensures your cover stays
relevant to your age.
• Additional Protection with Additional Liabilities: Enhance your cover at important mile-stones of your life by choosing
Life Stage Event Benefit by paying additional premium.

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