Max Life Smart Total Elite Protection Term Plan

We always strive to provide the best for our family and ensure that they fulfil their dreams. However, we, in our heart, often feel insecure about their future, especially when we are not there to support

them mentally as well as financially. Many of us know that our family will not be able to sustain their existing lifestyle in the absence of a stable monthly income. Max Life Smart Total Elite Protection (STEP) Term Plan puts all such fears to rest and helps you step up your family’s protection & lifestyle.

Max Life Smart Total Elite Protection Term Plan

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.

Max Life Smart Total Elite Protection Term Plan (Non-Linked, Non-Participating Individual Pure Risk Premium Life Insurance Plan; UIN: 104N125V05) offers a comprehensive, customisable protection solution for you and your loved ones at an affordable price so your family can continue to step up their lifestyle even in your absence. With Max Life STEP Plan, you pay only for the benefits that suit your requirement, and you have the freedom to design your own plan keeping in mind your protection needs. Since this is a term insurance plan, no maturity benefit is offered under this product.

Max Life Smart Total Elite Protection Term Plan offers several options to customise your term insurance plan, given the fact that every individual can have different insurance needs. The following are the options to choose from to design your own term plan:

• Death benefit
• Option to pay your premiums as per your budget
• Longer coverage duration: Choose your desired policy term with coverage available up to 85 years of age
• Accelerated Critical Illness Benefit *%
• Accident Cover *%
• Max Life Waiver of Premium Plus Rider *%
• Max Life Critical Illness and Disability Rider *%
• Special Exit Value
• Terminal Illness
• Cover Continuance Benefit
• Insta Payment on Claim Intimation

Disclaimer: *% On payment of additional premium

The following are the key features of Max Life Smart Total Elite Protection Term Plan:

• Lump sum
• Monthly Income
• Part Lump sum and Part Monthly Income

Max Life Smart Total Elite Protection Term Plan offers a plethora of benefits that enhance the base coverage offered by the product. The following are some of the key benefits of this plan:

On the death of the life insured during the term of the policy, provided the policy is in-force, the insurer will pay the Guaranteed Death Benefit to the beneficiary under the Plan, which is the higher of:

• a. For Single Pay - 1.25 times the Single Premium plus underwriting extra premium if any; For Other Premium Payment Term - 10 times the Annualised Premium * plus underwriting extra premium, if any,
• b. 105% of Total Premiums paid ^ plus underwriting extra premium plus loadings for modal premiums as on the date of death
• c. Any absolute amount assured to be paid on death #

* 'Annualised Premium' shall be the premium amount payable in a year chosen by the policyholder, excluding the taxes, rider premiums, underwriting extra premiums, and loadings for modal premiums, if any. The Annualised premium remains same irrespective of the premium payment mode.

^ 'Total Premiums Paid' means total of all the premiums received, excluding any extra premium, any rider premium and taxes.

# 'Absolute Amount Assured to be Paid on Death' is the base sum assured at the time of death.

The details of benefits under this product are given below:

• Guaranteed Death Benefit is payable on death of the Life Insured, provided the policy is in-force.
• Accelerated Benefit capped at Rs 1 crore is payable on diagnosis of Terminal Illness, provided the policy is in-force.

In case the Life Assured is diagnosed to be suffering from a disease, in the opinion of a Registered Medical Practitioner along with the insurer’s appointed doctor, which is likely to lead to their death within six months from the date of such certification, an amount capped at Rs 1 Crore is payable to the beneficiary.

Terminal Illness benefit will accelerate the death benefit i.e. once a Terminal Illness claim is paid (payable only once during the Policy Term), the death benefit will be reduced by the terminal illness claim amount.

Note: Only one valid Terminal Illness Benefit claim will be admissible and payable under this Policy. Post diagnosis of a terminal illness of the life insured, the policyholder shall be allowed to surrender the policy.

All premiums due from the date of diagnosis of a terminal illness (for the base policy and options chosen) would be waived, and the policy shall continue till the death of the life insured or the end of the policy term, whichever is earlier.

Accelerated Critical Illness (ACI) benefit is payable on diagnosis of any of the specified Critical Illnesses during the CI Benefit cover period, provided the policy is in-force and meets the relevant terms and conditions.

The ACI Sum Assured is fixed and level throughout the ACI policy term. You can choose any ACI Sum Assured in intervals of 5 lakhs, subject to the following boundary condition:

• Minimum: 5 Lakhs
• Maximum: 50 Lakhs

The ACI Sum Assured is payable on the first occurrence of any of the specified Critical Illnesses. The ACI benefit is accelerated, and not an additional benefit, which means that the policy will continue with the Death Benefit Sum Assured and future premium reduced by the extent of the ACI Sum Assured paid.

The maximum total payout under ACI benefit is 100% of ACI Sum Assured, no further ACI claims can be made. The maximum maturity age for ACI Benefit cover will be equal to 75 years (age as on last birthday) subject to maximum policy term of 50 years.

On death of the Life Insured due to an accident, 100% of Accident Cover Sum Assured will be payable as lump sum, upon approval of claim, irrespective of the claim payout mode chosen by the nominee. This benefit shall be payable in addition to the death benefit Sum Assured.

The Accident Cover can be added to the premium paying policy at any time during the policy term. An additional premium, pro-rata basis, will be charged, in case the benefit is added during the middle of the policy term, and full premium will be charged starting next policy anniversary.

Once the Accident Cover is terminated, it cannot be added again.

A Special Exit Benefit, the total premiums paid and underwriting extra premiums paid plus loadings for modal premiums (if any), is paid if the policyholder surrenders the policy. This option can be availed in any policy year, starting 30th policy year, but not during the last 4 policy years.

The following are the conditions for Special Exit Value:

• The policy has to be in-force at the time of availing this value
• This value shall not be available for policy terms less than 40 years
• This value shall be applicable on the base cover premium only and not to additional optional benefits like ACI and Accident cover
• The policy shall be terminated after availing this value
• This is an inbuilt product feature and no additional premium is required to be paid

As per this benefit, the policyholder is given the choice to defer the due premium for a period of up to 12 months from the due date, during which the full risk cover under the base plan and attached riders, if any, remains active. In the event of a claim during this period, the insurer will pay the claim as applicable after deducting the unpaid premiums, if any, as on the date of death or any other insured event covered by the base product and attached riders.

However, this benefit can only be availed after completion of 3 policy years, provided all due premiums have been paid, and the policy is in-force.

Note: The duration of Cover Continuance Benefit (CCB) shall be 12 consecutive policy months from the date of the first unpaid premium. The CCB shall be available multiple times with a gap of 5 policy years from the expiry date of Cover Continuance Benefit availed previously.

Once the Cover Continuance Benefit period ends, the policyholder needs to pay the due premiums, including the premium applicable for the period of CCB, i.e. the base cover premium and additional premium (if any) e.g. ACI benefit premium, rider premium and accident cover premium inclusive of underwriting extra, loading for modal premiums, and any applicable taxes.

Cover Continuance Benefit is an inbuilt product feature, and no additional premium is required to be paid. This benefit is available to all premium paying terms (Regular, Limited & Pay Till 60) except Single pay.

During the Cover Continuance Benefit, the policy will remain in-force with the risk cover as per terms and condition applicable under Grace Period of the policy. This is an inbuilt product feature and no additional premium is required to be paid. The policyholder needs to intimate the company 30 days (15 days in case of monthly mode) before exercising Cover Continuance Benefit. If a premium is unpaid with no prior intimation, the policy at the end of the grace period shall be treated as per the terms & conditions.

As per this benefit, on receipt of intimation of death (along with required documents) after a waiting period of 1 year from the date of policy issuance or revival, an accelerated benefit as mentioned in below table out of the base sum assured shall be payable within 1 working day from claim registration date provided all mandatory documents are submitted. The subsequent pay out shall be made after the claim is approved.

Note: This benefit is payable post a minimum waiting period of 1 year from the inception of the policy or revival, provided the policy is in-force. In case of repudiation / rejection of claim, the amount will be recovered from the nominee.

Provided the policyholder has paid all due premiums, an early exit value will be applicable under the policy in case the policyholder surrenders the policy.

The policy shall acquire an Early Exit Value subject to the criteria given below:

• Single Pay: After payment of single premium.
• Limited Pay: After payment of all due premiums.
• Regular Pay: No Early Exit Value is applicable.

Early Exit Value = 70% of [(Total Premiums Paid plus underwriting extra premiums paid plus loading for modal premiums, if any) x (Unexpired Term/Policy Term)]

The following are some unique features of Max Life Smart Total Elite Protection Term Plan:

As per the benefit, the Policyholder is allowed to defer the due premium for up to 12 months from the due date while maintaining the full risk cover under the base plan and attached riders (if any). This option is allowed to be chosen after completion of 3 policy years, provided all due premiums have been paid, and the policy is in-force.

An accelerated benefit as mentioned in below table shall be payable, provided mandatory documents are submitted, and the subsequent pay out shall be made after the claim is approved.

Option to receive all premiums paid back, in any policy year starting 30th policy year, but not during the last 4 policy years. No additional premium to be paid to avail this benefit.

The following riders are available with Max Life Smart Total Elite Protection Term Plan to make it comprehensive:

This rider provides waiver of all future premiums payable for the policy, and all other attaching riders on earlier happening of either of the following events, provided the base policy and attaching riders are in force:

• Critical Illness
• Dismemberment
• Death (only when Life Insured and Policyholder are different individuals, rider benefit will be paid on death of the Policyholder)

The waiver of premium (WOP) applies to base benefit premium as well as for additional optional benefits applicable. If the policyholder is the same as life insured and suffers from any of the listed critical illnesses under ACI benefit, as well as WOP+ benefits, then both ACI and WOP+ benefits will get triggered. Please note the following:

• The rider policy term and premium payment term would be same as base policy premium payment term.
• The rider premium cannot exceed 100% of the Annualised Premium plus underwriting extra premium plus loading for modal premiums, if any, in a policy.
• The rider sum assured shall not exceed the base sum assured chosen at inception of the policy.
• The rider is not available under the Single Pay PPT of the product.
• The rider can be attached any time during the premium paying term of the base plan, subject to minimum applicable term of the rider.
• Refer to Waiver of Premium Plus Rider Prospectus document for more details.

Any rider will not be offered if the term of the rider exceeds outstanding term under the base policy.

There is no overlap in benefit offered under available riders & base product.

The rider(s) shall be offered in compliance with the provisions of IRDAI (Protection of Policyholders' Interests) Regulation, 2017.

This rider provides benefit upon diagnosis of any of the critical illnesses covered. Please note the following:

• The rider policy term and rider premium payment term would be equal to the corresponding outstanding base policy term and premium payment term. The Rider policy term can be less than the Base Plan's Policy Term but cannot exceed the Base Plan's Policy Term.
• The rider premium cannot exceed 100% of the Annualised Premium plus underwriting extra premium plus loading for modal premiums, if any, in a policy.
• The rider sum assured shall not exceed the base sum assured chosen at inception of the policy.
• The rider is not available under the Single Pay premium payment variant of the product.
• The rider can be attached any time during the premium paying term of the base plan, subject to minimum applicable term of the rider.
• Refer to Max Life Critical Illness and Disability Rider Prospectus document for more details.
• The rider shall not be available if the policyholder opts for Accelerated Critical Illness benefit as mentioned above and vice versa. To further clarify, the policyholder can opt for any one benefit, and will not be offered both Accelerated Critical Illness benefit and Max Life Critical Illness and Disability Rider at the same time under the policy.
• Max Life Critical Illness and Disability Rider or any of its subsequent version may be attached with this product or any future versions of this product.

Download Policy-related Documents

Choosing Higher Sum Assured for Your Family’s Protection with Max Life Smart Total Elite Protection Plan

In order to ensure your family's protection and preserved their lifestyle, it is essential to choose a higher sum assured within your budget. Get started with selecting the right sum assured for your term plan. Click on a tab below to begin.

Starting from ₹15/day %*

Starting from ₹23/day %*

BESTSELLER

Starting from ₹25/day %*

Starting from ₹37/day %*

Starting from ₹ 37/ day %*

Starting from ₹ 88/ day %*

Disclaimer:%*Standard daily 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). ARN: C/SA/140824

Max Life Smart Total Elite Protection Term Plan - FAQs

Do I get any benefit on diagnosis of a terminal illness?

On diagnosis of a terminal illness, provided the policy is in-force, an accelerated sum assured benefit capped at Rs. 1 crore is payable.

What are the modes to receive the claim amount?

The beneficiary has the option to choose the claim amount in the either of the following modes:

• a) 100% of the sum assured as a lump sum on death of the life insured
• b) Monthly income, basis the prevailing RBI Bank Rate less 1% p.a. as on the date of intimation of death, for a period of 10 years, starting from the next monthly anniversary post death intimation
• c) Part of the Guaranteed Death Benefit as lump sum and the remaining amount as monthly income - both in multiple of 10%

**Note:** Default payout option shall be lump sum, in case no payout option is selected by the beneficiary. However, in case of a claim against Terminal Illness, Accelerated Critical Illness, and Accident Cover, there is no option to convert lump sum into monthly income payout.

What is the amount of Accelerate Critical Illness (ACI) Benefit?

The ACI Sum Assured is fixed and level throughout the ACI policy term. You can choose any ACI Sum Assured, ranging from 5 Lakhs to 50 Lakhs, in intervals of 5 Lakhs.

Can I avail Accidental Cover later after purchasing the policy?

Yes, you can add accidental cover later. In that case, an additional premium, pro-rata basis, will be charged, and full premium will be charged starting next policy anniversary.

What is the guaranteed death benefit to be given to the nominee?

In case of death of the life insured, provided the policy is in-force, the guaranteed death benefit, as per the following conditions, is payable to the nominee which is the higher of:

• d. For Single Pay - 1.25 times the Single Premium plus underwriting extra premium if any; For Other Premium Payment Term - 10 times the Annualised Premium * plus underwriting extra premium, if any,
• e. 105% of Total Premiums paid ^ plus underwriting extra premium plus loadings for modal premiums as on the date of death
• f. Any absolute amount assured to be paid on death #

* 'Annualised Premium' shall be the premium amount payable in a year chosen by the policyholder, excluding the taxes, rider premiums, underwriting extra premiums and loadings for modal premiums, if any. The Annualised premium remains same irrespective of the premium payment mode.

^ 'Total Premiums Paid' means total of all the premiums received, excluding any extra premium, any rider premium and taxes.

# 'Absolute Amount Assured to be Paid on Death' is the base sum assured at the time of death.

*% On payment of Additional Premium

**% Accelerated Sum Assured is the sum assured paid and reduced from the base sum assured.

*1 Max Life Smart Total Elite Protection Term Plan. A non-linked non-participating individual pure risk premium life insurance plan | Standard premium for 24 year old healthy male, Non Smoker, 25 years Policy Term, 25 Year Premium Payment Term (exclusive of GST) | ~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 ACI, Accident cover, Joint life cover, any attached riders and Voluntary Sum Assured Top-Up.

*2 The cover continuance benefit allows policyholders to defer premium for one year while maintaining full death benefit coverage without late fees or interest. This option can be exercised after completion of 3 policy years provided all due premiums have been paid and the policy is in-force. The policyholder needs to intimate the company 30 days (15 days in case of monthly mode) to exercise this benefit. The duration of Cover Continuance Benefit shall be consecutive 12 policy months from the date of first unpaid premium (post intimation) and this feature can be availed multiple times with a gap of 5 policy years from the expiry date of previous Cover Continuance Benefit. At the end of Cover Continuance Benefit period, the policyholder is required to pay the due premiums, including the premium applicable for the period of CCB, without late fee or interest.

*3 This feature is applicable after a waiting period of 1 year from the date of policy issuance or revival. An accelerated benefit of 2 Lac, from the base sum assured will be paid to the nominee within 1 working day of claim intimation, provided all required documents are submitted and the claim gets approved*. In case of claim repudiation, the amount shall be recovered from the nominee. *For detailed terms & conditions, refer to the scheme brochure & the policy document.

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• • IRDAI is not involved in activities like selling insurance policies, announcing
  bonus or investment of premiums.
• • Public receiving such phone calls are requested to lodge a police complaint.

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

DISCLAIMERS

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.