IRDAI - Registration No. 104. Category: Life. Validity: Valid.
Corporate Identity Number (CIN):U74899PB2000PLC045626.
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

All Rights Reserved. An ISO 9001:2008 Certified Company. 

Max Life Insurance Company Limited is a Joint Venture between Max Financial Services Limited and Axis Bank Limited. 

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).
Fax Number:0124-4159397.

Email ids: service.helpdesk@maxlifeinsurance.com; 

Website: maxlifeisurin.com

*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.

Privacy Policy

**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 Secure Plus Plan (UIN: 104N118V07)

^^On completion of policy term

^#The savings indicated is the maximum premium difference as compared with offline plan & depends on the variant purchased.

 ^*All claims that qualify for InstaClaim™ will be paid within 1 working day from date of submission of all mandatory documents else Max Life will pay interest at Bank Rate as on beginning of financial year in which claim has been received (4.65 % p.a. for FY’20) for every day of delay beyond one working day. Interest shall be at the bank rate that is prevalent at beginning of the financial year in which death claim has been received.
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)

⁷CMO Asia BFSI Excellence Award 2019

⁵Criteria 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

⁴InstaClaim^TM is available for all versions of Max Life Online Term Plan (UIN 104N078V01); Max Life Online Term Plan Plus (UIN 104N092V01 / UIN 104N092V02 / UIN 104N092V03/ UIN 104N092V04), Max Life Smart Term Plan (UIN: 104N113V01 / 104N113V02/ 104N113V03/104N113V04) and Max Life Smart Secure Plus Plan (UIN:104N118V07). 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)

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.

Disclaimer for 5% salaried discount

³The 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.

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
 ⁶The 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

*^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.

Max Life Smart Secure Plus Plan (UIN: 104N118V07) A Non Linked Non Participating Individual Pure Risk Premium Life Insurance Plan

^~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

^~1Conditions 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
^~2Voluntary 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 free look period of 15 days from the date of receipt of the policy document and period of 30 days in case of electronic policies and policies obtained through distance mode, to renew the terms and conditions of the policy, where if the policyholder disagrees to any of those terms and 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 occurred by the company on medical examination of the lives insured and stamp duty charges. In case of a unit linked insurance product, in addition to the deductions under sub-regulation above, the insurer shall also be entitled to repurchase the units at the price of the units on the date of cancellation. A request received by insurer for free look cancellation of the policy shall be processed and premium refunded within 15 days of receipt of the request, as stated at sub clause above.

^*^^Source : Individual Death Claim Paid Ratio as per Audited Financials for financial year 2022-2023

⁸https://www.moneycontrol.com/news/business/economy/buy-term-insurance-now-as-rates-may-rise-from-april-1-4930921.html
²Total premium will be charged at the time of the policy issuance (subject to underwriting’s decision).

Terms and conditions for availing 5% employee discount:
^<Due to system constraints, employee is requested to select 5 Lakh and above income which can be changed to actual amount on the information page.
¹The 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
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 - 104N118V07)– 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’

Max Life Saral Jeevan Bima (UIN 104N117V01) is a Non-Linked Non-Participating Individual Pure Risk Premium Life Insurance Plan

^*^* Base Sum Assured chosen at inception increases by 5% p.a. (simple interest) on each policy anniversary, subject to maximum of 200% of Base Sum Assured chosen at inception.

^@@Monthly premium of Rs.604/month divided by 30 daysto get daily premium for healthy non-smoking male, 24 years, 1Cr cover, 25 years policy term, 25 years premium payment term, sxclusive of GST rounded off to nearest integer

^~@Age 30: Standard premium for 30 year old Healthy male, 1Cr life cover, 25 years policy term, 25 years premium payment term (exclusive of GST) for Max Life Smart Secure Plus Plan (UIN: 104N118V07)

Age 35: Standard premium for 35 year old Healthy male, 1Cr life cover 25 years policy term, 25 years premium payment term (exclusive of GST) for Max Life Smart Secure Plus Plan (UIN: 104N118V07)

~Conditions for premium break: Available at a nadditional premium for policies with policy term greater than 30 years and premium oayment term greater than 21 years. Option to skip paying premium for 12 months. 2 Premium breaks will be available during the premium payment term seperated by an interval of atleast 10 years. ~1Conditions 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.^*All claims that qualify for InstaClaim will be paid within 1 working day from the date of submission of all mandatory documents else Max Life will pay interest at prevailing Bank Rate as on beginning of Financial Year in which claim has been receivedfor every day of delay beyond one working day. Interest shall be at the bank rate that is prevalent at the beginning of the financial year in which death claim has been received. 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 of 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 accident death).

~2 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. | Max Life Smart Secure Plus Plan. A non-linked non-participating individual pure risk premium life insurance plan |

^{^2}

Max Life Smart Secure Plus Plan, A non-linked non-participating Individual Pure Risk Premium Life Insurance 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 Smart Flexi Protect Solution. This solution is a combination of benefits of two or more individual and separate products named Max Life Flexi Wealth Plus Plan (A Unit-linked, Non-participating Individual Life Insurance Plan | UIN: 104L115V03) and Max Life Critical Illness and Disability Secure Rider (A Unit-linked, Non-participating Individual Pure Risk Premium Health Insurance Rider | UIN: 104A034V01). Rider addition is optional for customers purchasing online.

Max Life Smart Total Elite Protection Term Plan A Non Linked Non Participating Individual Pure Risk Premium Life Insurance PlanUIN: 104N125V02
^*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 with a life cover of Rs. 2 Cr.
~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: 104N125V02) with a life cover of Rs. 5 Cr.

~¹Get 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.

Cover Continuance Benefit
.^#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.

Insta payment on claim intimation

^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.

ARN -ARN:Web/23012024/STEP/RC

¹¹Though medical tests are at company cost, there are some high level tests for reconsideration which if approved by underwriting, cost needs to be borne by customer.

¹²Subject to policy terms and conditions . Issuance of policy is subject to underwriting guideline