Jeevan Chhaya

Product

summary:

This is an Endowment Assurance plan that provides financial protection against death throughout the term of the plan. Besides payment of Sum Assured immediately on death, one-fourth of Sum Assured is payable at the end of each of last four years of policy term whether the life assured dies or survives the term of the policy.

Premiums:
Premiums are payable yearly, half-yearly, quarterly, monthly or through salary deductions as opted by you throughout the term of the policy or till the earlier death.

Bonuses:
This is a with-profits plan and participates in the profits of the Corporations life insurance business. It gets a share of profits in the form of bonuses. Simple Reversionary Bonuses are declared per thousand Sum Assured annually at the end of each financial year. Once declared, they form part of the guaranteed benefits of the plan. Bonuses for full term on the full Sum assured are paid at the end of the term even if death occurs during policy term. Final (Additional) Bonus may also be payable provided policy has run for certain minimum period.

Jeevan Kishore

Product

summary:

This is an Endowment Assurance Plan available for children of less than 12 years of age. The policy may be purchased by any of the parent/grand parent.

Commencement

of

risk

cover:

The risk commences either after 2 years from the date of commencement of policy or from the policy anniversary immediately following the completion of 7 years of age of child, whichever is later.

Premiums:
Premiums are payable yearly, half-yearly, quarterly or monthly throughout the term of the policy or till earlier death of child, or single premium.

Bonuses:
This is a with-profits plan and participates in the profits of the Corporations life insurance business. It gets a share of the profits in the form of bonuses. Simple Reversionary Bonuses are declared per thousand Sum Assured annually at the end of each financial year. Once declared, they form part of the guaranteed benefits of the plan. A Final (Additional) Bonus may also be payable provided policy has run for certain minimum period.

Max Life Platinum Protect is a comprehensive life insurance plan that fulfills the protection needs for you and your family. It is a unique plan that supports your family's financial requirements in case of your absence. Max Life Platinum Protect is the best solution for you to fulfil all your family's dreams, no matter what.

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Key features Benefits: Comprehensive Insurance cover at affordable rates Low Premium rates for leading a healthy life style Premium discounts for high sum assured Life Cover continues even if you stop paying premium Riders to protect your family from death, disease, and disability Comprehensive medical report at the time of policy issuance Key Features: Death Benefit: An amount equal to Sum Assured will be paid to the nominee in case of death of the Life Assured. Tax Benefits: You may be entitled to certain tax benefits on your premiums and 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. Comprehensive Cover: Ensure you are ready for any eventuality by opting for the dread disease and/or Personal Accident Benefit rider. Lower premium rates for non-smokers / preferred non-smokers. High Sum Assured Discounts: On a sum assured of more than Rs. 50 Lacs, there is a discount of Rs. 15 per lacsum assured Flexibility of Term: Choice of five policy terms of 10, 15, 20, 25, or 30 years as per your need and protection horizon. Multiple Rider Options Additional protection can be availed with two rider options to help customise policy as per your needs. These riders can be attached to your policy to get extra benefits. Reduced Insurance Cover option If Premiums have been paid for at least 15 consecutive Policy Years beginning with the Effective Date and the Policyholder discontinues payment of furtherPremium(s), the Policy will continue with a Reduced Insurance Cover as per the formula shown below. Reduced Insurance Cover = [((Policy Year* 1) / Policy Term) 25%] * Sum Assured. * Policy Year refers to the year of discontinuance of premiums Example Male aged 30 takes Platinum Protect plan for 50 Lac sum assuredand a 20year term. If he stops paying premium 16th policy year onwards, he will be eligible for 50% of sum assured as Reduced Insurance Cover for the remainder of the policy term. Under Reduced Insurance Cover facility no rider benefit will be made available. Free Look Period An option to cancel the Policy within 15 days of receipt is given in case of dissatisfaction.

UIN 104N069V01

Your family is the center of your world. You care for your loved ones more than anyone else does and you definitely have hopes and aspirations for them. On the other hand, your loved ones look up to you for everything at every step of their lives - from the smallest necessities to the biggest needs. You want to provide them with the best of everything, from education to marriage to healthcare and financial support for household expenses, EMIs, rent, etc. We all know that life is full of uncertainties, and we never know what lies ahead of us in the future. Therefore, it is critical to secure the future of our loved ones and provide for them, whether we are there with them or not. This is exactly what Max Life Premium Return Term Plan (UIN 104N069V01) will help you do! Unlike the regular term plans, the Max Life Premium Return Term Plan not only offers protection to your family in case of an eventuality, but also returns your money at the end of the term so that your family enjoys a secure future.

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Key features Benefits: Comprehensive protection along with inbuilt accidental death benefit : This plan offers base sum assured as death benefit and 50% of base sum assuredas an inbuilt accidental death benefit. Return of premiums : On survival at the end of the policy term get 100% of your premiums back guaranteed. Short term payment for long term coverage : This plan offers you the flexibility to choose the period of protection. You can choose the period for which you need cover (20/25/30 years), but you have to pay premiums only for 11 years. Key Features Death Benefit : In case of death other than accident : The Sum Assured of the policy will be paid to the nominee. In case of death by accident : The Sum Assured plus 50% of the base Sum Assured will be paid to the nominee. Maturity Benefits : All the premiums that you have paid will be returned, including extra premiums, if any, but excluding service tax Special Rates for special customers and High Sum Assured Discounts : Lower premium rate for Females. For sum assured Rs. 30 Lacs and above Special high sum assured discount of Rs. 1.3 per 1000 sum assured

"All lives opting for Sum Assured of Rs. 30 Lacs & above under this plan will be medically underwritten" Free-Look Option : Under the Free-look option, you will have the opportunity to review the terms and conditions of the Policy. If you disagree with any of such terms, you have the option to return the Policy during the 'Free-look period' of 15 days from the date of receipt of the policy stating the reasons for your objections, upon which you will be entitled to return of premium received by the company, subject to deduction of a proportionate risk premium for the period of cover and expenses incurred towards the medical examination and on account of stamp duty. Tax Benefits: You may be entitled to certain tax benefits on your premiums and 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. Non-Forfeiture Options The policy will acquire a guaranteed value after payment of 3 annual premiums. In case you do not pay any further premiums, the policy will by default will become Reduced Paid-Up. The plan will continue with reduced benefits as follows: o Guaranteed : Return of Premium at maturity will be reduced in proportion to the number of premiums paid in relation to the total number of premiums payable. o Death Benefit : This will be reduced in proportion to the number of premiums paid in relation to the total number of premiums payable.
Please note that Accidental Death Benefit will be reduced in the same proportion as the death benefit.