Benefit Illustration for 'Max Life Future Genius Education Plan'

UIN: 104N094V02

Savings - Non Linked Participating Plan

Policy/Proposal No:[_________________] Date of Illustration -May 19, 2018 12:57:03 PM

Personal Details Product Features Rider Details

Name of Life Insured J Sum Assured ` 12,34,186.98 ADD Rider Sum Assured, if opted ` 0.00
Age of Life Insured at Inception of 37 Years Bonus Option Paid Up Additions (PUA) ADD Rider Term, if opted 0 Years
the policy
Gender of Life Insured Female Policy Term 17 Years Term Plus Rider Sum Assured, if ` 0.00
opted
Name of Policyholder J Premium Payment Term 14 Years Term Plus Rider Term, if opted 0 Years

Age of Policyholder at Inception of 37 years Premium Payment Mode Annual WOP Plus Rider Term, if opted 0 Years
the policy
Gender of Policyholder Female

Policyholder Residential State Tamil Nadu

Max Life State Tamil Nadu

PREMIUM SUMMARY
First Year Premium Renewal Premium

Base Premium payable annually ` 80,000.00 ` 80,000.00

GST on Base Premium and Total Rider premium payable annually ` 3,600.00 ` 1,800.00
Total Premium payable annually along with GST ` 83,600.00 ` 81,800.00
Total Premium payable during the year exclusive of GST ` 80,000.00 ` 80,000.00
Total Premium payable during the year along with GST ` 83,600.00 ` 81,800.00

Refer Description of Goods and Service Tax (GST) under Important Notes section.
Some benefits are guaranteed and some benefits are variable with returns based on the future performance of your Insurer carrying on life insurance business. If your policy offers guaranteed returns then these will be clearly
marked "guaranteed" in the illustration table on the next page. If your policy offers variable returns then the illustration on the next page will show two different rates of assumed future investment returns. These assumed rates of
return are illustrative, not guaranteed and they are not the upper or lower limits of what you might get back, as the value of your policy is dependent on a number of factors including future investment performance.
(In `)

(In `)

Death Benefit

This is only an Illustrative document. The benefits if guaranteed, are clearly mentioned. For variable benefits, investment rate of return of 4% and 8% are used as an illustration.
Max Life Insurance Company Limited having its Corporate Office at 11th Floor, DLF Square, Jacaranda Marg, DLF City, Phase II, Gurugram - 122 002.
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 YEARLY ILLUSTRATIVE DETAILS (All cash flows are in `)

General Details Guaranteed Scenario 1 - Illustrated at 4% investment rate of return Scenario 2 - Illustrated at 8% investment rate of return

Policy Age of Premium Money Death Guarante Cash Net Accrued Terminal Money Maturity Special Cash Net Accrued Surrende Terminal Money Maturity Special
Year Life Back Benefit ed Bonus Outlay Value of Surrende Bonus Back Benefit Surrende Bonus Outlay Value of r Bonus Back Benefit Surrende
Insured Benefit (2) Surrende (4) during PUA (6) r (8) Benefit (1) r (4) during PUA (6) Value of (8) Benefit (1) r
(1) r the Value of (1) Value (3) the PUA (7) (1) Value (3)
Value(3) year(5) PUA (7) year (5)
(BOY) (EOY) (EOY) (EOY) (EOY) (EOY) (EOY) (EOY) (EOY) (EOY) (EOY) (EOY) (EOY) (EOY) (EOY) (EOY) (EOY) (EOY)

1 37 80,000 0 12,34,18 0 0 80,000 0 0 0 0 0 0 0 80,000 0 0 0 0 0 0

7
2 38 80,000 0 12,34,18 0 1,864 80,000 3,214 1,864 0 0 0 0 4,344 80,000 12,071 4,344 0 0 0 0
7
3 39 80,000 0 12,34,18 72,000 2,017 80,000 6,568 3,950 0 0 0 1,01,443 4,686 80,000 24,233 9,337 0 0 0 1,15,307
7
4 40 80,000 0 12,34,18 1,60,000 2,196 80,000 10,090 6,292 0 0 0 1,62,312 5,071 80,000 36,529 15,066 0 0 0 1,74,005
7
5 41 80,000 0 12,34,18 2,08,000 2,377 80,000 13,766 8,901 0 0 0 2,25,162 5,477 80,000 48,933 21,605 3,54,526 0 0 2,96,299
7
6 42 80,000 0 12,34,18 2,59,200 2,471 80,000 17,450 11,701 0 0 0 3,08,557 5,915 80,000 61,447 29,044 3,57,984 0 0 4,04,666
7
7 43 80,000 0 12,34,18 3,13,600 2,566 80,000 21,140 14,700 0 0 0 3,80,958 6,400 80,000 74,097 37,492 3,61,479 0 0 5,00,134
7
8 44 80,000 0 12,34,18 3,82,720 2,674 80,000 24,848 17,918 0 0 0 4,58,043 6,921 80,000 86,874 47,055 3,65,009 0 0 6,02,476
7
9 45 80,000 0 12,34,18 4,57,920 2,782 80,000 28,570 21,363 0 0 0 5,39,997 7,477 80,000 99,770 57,850 3,68,572 0 0 7,12,034
7
10 46 80,000 0 12,34,18 5,38,400 2,892 80,000 32,299 25,046 0 0 0 6,27,232 8,084 80,000 1,12,793 70,013 3,72,170 0 0 8,29,504
7
11 47 80,000 0 12,34,18 6,25,680 3,002 80,000 36,031 28,974 0 0 0 7,65,863 8,728 80,000 1,25,928 83,677 3,75,800 0 0 10,11,97
7 6
12 48 80,000 0 12,34,18 7,19,040 3,125 80,000 39,779 33,171 0 0 0 8,84,443 9,439 80,000 1,39,198 99,015 3,79,466 0 0 11,71,25
7 3
13 49 80,000 0 12,34,18 8,18,480 3,249 80,000 43,535 37,647 0 0 0 10,13,29 10,191 80,000 1,52,581 1,16,186 3,83,164 0 0 13,45,06
7 7 9
14 50 80,000 3,08,547 12,34,18 6,14,333 3,386 -2,28,547 47,311 42,425 0 3,08,547 0 8,63,135 11,011 -2,28,547 1,66,089 1,35,387 3,86,896 3,08,547 0 12,44,51
7 3
15 51 0 3,08,547 12,34,18 3,48,347 3,511 -3,08,547 51,087 47,506 0 3,08,547 0 6,28,648 11,902 -3,08,547 1,79,729 1,56,835 3,90,665 3,08,547 0 10,55,47
7 7
16 52 0 3,08,547 12,34,18 82,360 3,663 -3,08,547 54,886 52,927 0 3,08,547 0 3,53,353 12,867 -3,08,547 1,93,503 1,80,758 3,94,471 3,08,547 0 8,41,513
7
17 53 0 3,08,547 12,34,18 0 3,803 -3,08,547 58,688 58,688 0 3,08,547 58,688 58,688 13,906 -3,08,547 2,07,408 2,07,408 3,98,313 3,08,547 6,05,721 6,05,721
7
TOTAL 11,20,00 12,34,18 12,92,876 18,39,909
0 8

This is only an Illustrative document. The benefits if guaranteed, are clearly mentioned. For variable benefits, investment rate of return of 4% and 8% are used as an illustration.
Max Life Insurance Company Limited having its Corporate Office at 11th Floor, DLF Square, Jacaranda Marg, DLF City, Phase II, Gurugram - 122 002.
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(BOY) - Beginning of Year
(EOY) - End of Year

This is only an Illustrative document. The benefits if guaranteed, are clearly mentioned. For variable benefits, investment rate of return of 4% and 8% are used as an illustration.
Max Life Insurance Company Limited having its Corporate Office at 11th Floor, DLF Square, Jacaranda Marg, DLF City, Phase II, Gurugram - 122 002.
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IMPORTANT NOTES

Section A - Key definitions of the terms used in the above table

Max Life Insurance Company is the name of the Company and Max Life Future Genius Education Plan is the name of the Savings-Non Linked Participating Insurance Plan and does not in any way indicate the future returns of the said
plan.

(1) Money Back Benefit: Money Back Benefit is equal to four money backs, each equal to 25% of Sum Assured payable annually in each of the last four policy years. The policyholder has the flexibility to discount and/or defer money
back payments. Maximum discounting permissible is to receive all the four money backs, at the time first money back payment contractually becomes due. Maximum deferment permissible is to receive all the four money backs at
the end of policy term.
Maturity Benefit is equal to sum of Accrued Value of Paid Up Additions (PUA), (if any) plus Terminal Bonus (if any), and shall be payable at the end of policy term.

(2) Death Benefit will be paid immediately on the death of the Life Insured and the policy will continue with all the other benefits under the policy remaining intact. The Death Benefit under the plan includes the following:
• Death Benefit payable immediately on the death of the Life Insured. Death Benefit is defined as higher of 11 times the annualized premium, 105% of all premiums paid as on the date of death or Sum Assured. Please note that,
the annualized premium includes extra premium, if any, but does not include loading for modal premium, GST or cess(if any).
• Policy Continuance Benefit - All the premiums (if any) coinciding with or following the date of death of the Life Insured, shall be waived off and the policy will continue as is and Money back & Maturity Benefits shall be payable
to the nominee as and when due.
Please note that on the death of the Life Insured, the nominee has the option to choose to receive the Guaranteed Death Benefit as an immediate lump-sum or receive 1% of Guaranteed Death Benefit as monthly income
payable for 135 months. Subsequent to the death of the Life Insured, the policy cannot be surrendered and shall continue till the end of the policy term with all the benefits being paid as and when due.

(3) Surrender Value: Upon surrender, the policyholder will be paid the higher of the Guaranteed Surrender Value (GSV) or Special Surrender Value (SSV).
• Guaranteed Surrender Value is the minimum guaranteed amount that will be payable to the policyholder on surrender of the policy.
• Special Surrender Value is the non guaranteed amount that will be payable to the policyholder on surrender of the policy. SSV also includes the surrender value of PUA (if any) and surrender value of Terminal Bonus (if any).
SSV will be determined from time to time in consultation and with approval of IRDAI and is not guaranteed.The SSV will always be equal to or higher than GSV.

(4) Cash Bonus means a share in the Actuarial Valuation Surplus declared from time to time and communicated to the policyholder. Cash Bonus will be paid on the base policy (GMSA) and Accrued Paid Up Additions (if any). Cash
Bonus will be declared at every policy year end starting from the end of second policy year, depending on the experience of the company. Once declared, Cash Bonus is guaranteed to be paid. The mode / timing of payment will
depend on the bonus option chosen by the policyholder. Where the customer has opted for Paid Up Additions (PUA) option, Cash Bonus declared shall be converted to Paid Up Sum Assured or PUA. Accrued Value of PUA
shall be paid out on maturity. Surrender Value of PUA shall be payable on surrender of the policy.
Cash Bonus is primarily driven by investment in fixed interest securities such as government and corporate bonds and is expected to be relatively less volatile as compared to Terminal Bonus.

(5) Net Outlay during the year is defined as the difference between premiums paid and the policy proceeds. With PUA as bonus option, Net Outlay during a year is equal to premium(s) paid less Money Back Benefit paid in that year.
With Cash Bonus/Premium Offset as a bonus option, Net Outlay is equal to premium(s) paid less Money Back Benefit less Cash Bonus (if any) of that year.

(6) Accrued Value of Paid Up Additions (PUA) is the sum assured purchased from the declared Cash Bonuses, in case the policyholder has chosen PUA bonus option. Please note that the PUA Purchase Rates (conversion factors
used to convert Cash Bonus (if any) into PUA Sum Assured) are not guaranteed and can be changed by the Company with prior approval of the Insurance Regulatory Development Authority of India (IRDAI).

(7) Surrender Value of Paid Up Additions (PUA) is applicable, in case the policyholder has chosen PUA bonus option and is payable in case of surrender of policy.

Please note, that the policyholder can take surrender value of accrued PUA (partially or in full) subject to a minimum withdrawal limit of ` 5,000 and maximum withdrawal limit according to the PUA surrender value available.
The remaining PUA will continue to participate in bonuses.
(8) Terminal Bonus is an additional bonus paid only ONCE on the earlier of surrender or maturity, provided the policy has been in force for at least five years, payable starting from end of 5th policy year onwards. Unlike Cash
Bonus which once declared becomes guaranteed, Terminal Bonus is NOT GUARANTEED and is expected to move in line with the value of the overall assets, more specifically with the value of the growth assets like
equity/property. Under the economic scenario of lower investment returns, the Terminal Bonus is likely to reduce. Please note that on surrender, only surrender value of Terminal Bonus, if any, is payable.

Section B - Additional information

• This Benefit Illustration shall form a part of the policy document.

This is only an illustrative document. It does not purport to be a contract of insurance and does not in any way create any rights and/or obligations. Cash Bonuses are not guaranteed, and bonus rates will be based on the actual
• company experience from time to time.

• Paid Up Additions (PUA) withdrawals (if any) shown in the 'Net Outlay during the year' column are illustrative. In case you wish to withdraw the money, then you will have to give a request at that point of time.

Benefits secured under your policy shall become payable provided all contractual premiums are paid as and when they are due. The illustrative benefits above assume that all the contractual premiums will be paid on the due dates
• respectively.

Please note that this Benefit Illustration should be read in conjunction with the product brochure/ leaflet and Policy Contract (available at www.maxlifeinsurance.com), for understanding the product features and terms used in
• this illustration.

This is only an Illustrative document. The benefits if guaranteed, are clearly mentioned. For variable benefits, investment rate of return of 4% and 8% are used as an illustration.
Max Life Insurance Company Limited having its Corporate Office at 11th Floor, DLF Square, Jacaranda Marg, DLF City, Phase II, Gurugram - 122 002.
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 GST and other applicable taxes, cess (if any) would be levied as per applicable laws and would be borne by the policyholder. Tax laws and the benefits arising under the policy are as per prevailing provisions of law and subject to
• change.

You may be entitled to certain applicable tax benefits on your premiums and policy benefits. Please note that all the tax benefits are subject to tax laws prevailing at the time of payment of premium or receipt of benefits by you/
• your nominee.

The GST shall comprise - CGST, SGST/UTGST or IGST whichever may applicable and cesses, if any. The applicability of appropriate components will be determined subject to policyholder communication address (state) and
• state of insurance provider.

I ________________________________________________________ (Name), have explained the terms and conditions and the benefits of the policy to the prospect/policyholder.

Signature of Agent/Specified Person:

Name and ID:

Place:
Date:
Company Seal:

I _____________________________________________________________________________________ (Name), having received the information with respect to the above,have understood the above statement before entering into the
contract. I understand and intend to continue paying the above said premium amount for the complete Premium Payment Term of 14 Years
and as per the opted frequency. I also understand that some of the benefits under
the plan arenon guaranteed.
Policyholder's Signature:
Policyholder's Name:
Date:
This is only an Illustrative document. The benefits if guaranteed, are clearly mentioned. For variable benefits, investment rate of return of 4% and 8% are used as an illustration.
Max Life Insurance Company Limited having its Corporate Office at 11th Floor, DLF Square, Jacaranda Marg, DLF City, Phase II, Gurugram - 122 002.

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