eee ee nt oe eee eee ee eee ee Pocree er nrauert tN Grow : your wealth I your way se) A customisable insurance plan that offers you flawless flexibility and continuous financial protection for your loved ones, because for them #YouAreTheDifference™ In today's era of competition, where you strive so hard to fulfill your responsibilities towards your family goals, this Life Insurance Plan can take care of all your needs while shielding your loved ones, just as you would desire. ‘THE LINKED INSURANCE P 0 NOT OFFER ANY LIQUIDITY DURING THE F (TRACT. THE POLICYHOLDER WILL NOT BE ABLE TO SURRENDER / Wi THE MONIES INVESTED IN LINKED 1 PARTIALLY TLL OF FIFTH YEAR MAX OMX INSURANCEPresenting, Max Life Flexi Wealth Plus, which combines protection and savings into a simple and flexible solution to fulfill the certain as well as uncertain needs of your family. This plan helps you grow your wealth your way-be it for a planned or for a lifelong time frame. Create your plan in 5 simple steps: Bore “We choose your Plan Variant Boe 2) choose your Premium amount Step 3 2 ) Choose your Premium Payment Term & Policy Term Bom & ) Choose your mode of payment, i.e., monthly, quarterly, semi - annual or annual So & ) Choose your Investment Strategy and ch Based on the above, your Sum Assured will be determined. Your premium shall be invested in the e of funds basis your risk appetite investment strategy and fund(s) as applicable and as per the proportion selected by you. On Maturity, you will receive your Fund Value as a lump sum Maturity Benefit. In case of death of Life Assured during policy term, the nominee will receive Death Beneftt PLEASE NOTE: UNIT LINKED INSURANCE PRODUCTS DO NOT OFFER ANY LIQUIDITY DURING THE FIRST FIVE YEARS OF THE CONTRACT. THE POLICYHOLDER WILL [NOT BE ABLE TO WITHORAW THE MONEY INVESTED IN LINKED INSURANCE PRODUCTS COMPLETELY OR PARTIALLY TILL THE END OF THE FIFTH POLICY EAR. ALL ‘APPLICABLE TAXES, CESSES AND LEVIES AS IMPOSED BY THE GOVERNMENT WIL BE DEDUCTED FROM THE PREMIUMS RECEIVED OR FROMTHE FUNDS, AS APPLICABLEPlan benefits and features Product Type ‘AUnit Linked Non - Participating Individual Life Insurance Plan Coverage All individuals in accordance with the Board Approved Underwriting Policy Minimum Age of Life Insured at Entry {age as on last birthday) = Wealth Variant: 94 days 1 Whole Life Variant: 18 years In case of minor life, the risk cover for base plan will start immediately on date of commencement of Policy. On attainment of majority, the policy will automatically vest on him / her, and the Life Insured (minor) will become the poliey holder. ‘Wealth Variant: Single Pay: Life Insured at Entry {age as on last birthdsy) Limited / Regular Pay: 65 minus PPT Whole Life Variant: 65 minus PPT Minimum and Maximum Maturity Age of the Life Insured {age as on last birthday) (inten Cet ‘Wealth Variant: 10 to 30 years (pick a Policy Term) Whole Life Variant: 100 - Entry Age Premium Payment Term Wealth Variant: Per tvear) Fer gear) | IIMB Periveors) {Prive 1 10 t0 30 5to29 | 10t030 cme (Premium Payment Term should always be less then the Policy Term chosen) Regular Pay: 10 to 30 years (Policy Term should always be equal to Premium Payment Term) ‘Whole Life Variant: Limited Pay: 7 to 20 years Maximum Annuslised Premium’ No limit, subject to the limits determined in accordance with the Board Approved Underwriting Palicy of ‘the Company, Minimum Annuatised | Wealth Variant Premium’ | Single Pay © 2.00,000 £ Limited Pay Regular Whole Life Variant | (nnuat ede [¥500007=) (Annual Mode | €250007-) (Annual Mode | €100,0007 1 [Semi Annual Mode | € 25,000/- | | Semi Annual Mode | © 12,500/- || Semi Annual Mode | € 50,000/- Wee eee | eee eee | eee { [Monthly Mode | ©4.167/-_] (Monthiy Mode | ©2.084/-) [ Monthly Mode | € 8.94/- Premium Payment mode Single, Annual, Semi - Annual, Quarterly and Monthly. ‘Wealth Variant: ‘Minimum Sum Assur Single Pay: € 2,50,000/- if cover multiple opted is 1.25; Or € 20,00,000 if cover multiple opted is 10 Regular Pay: € 2,50,000/- Limited Pay: 5,00,000/: Whole Life Variant: Limited Pay: @ 10,00,000 ‘Maximum Sum Assured No limit, subject to the limite determined in accordance with the Board Approved Underwriting Policy of the Company. ‘On death of the Life Insured anytime during the term of the policy, the nominee shall get highest of the following benefits: Death Benefit ‘¢ Sum Assuted (reduced by applicable partial withdrawals, if any from the Fund Value) ‘© Fund Value (as on date of death) ‘© 105% of the total premiums received up to the date of death (reduced by applicable partial withdrawals, if any from the Fund Value) (Place note tat he spoil rl withsawal’ enone above refer llth prt wiherawsle made during the two yess arog theft tenured) 41) Fund Value = Summation of Number of Units in Funds) multiplied by the respective NAV of the Fund(s) 5 on the date of maturity. 2) Return of Mortality Charges [RoMC}: At the end of the Policy Term, on the Maturity date, the total amount of Mortality charges deducted in respect of Lite Cover provided throughout the Policy Term, will be added back ‘35 ROMC, to the Fund Value, as applicable Applicable only if all due premiums are paid. (ROME sna ppb in ease of Sutendere, Discontinued Poi-up pec and wil be payable rede al Eve Reply Prem under the Sohey hve been up Maturity benefitSurvival Benefite Guaranteed Loyalty Additions: These a payable as a percentage of total Fund Value (ae per below table) at the (Both Varaints) lend of each policy year starting from 6" policy year and at the end of each policy year thereafter. Band 1: Annualised Premium less than © 100,000 NA Band 2: Annuslised Premium € 1,00,000to® 1,99,999(bath inclusive) | 0.25% of Fund Value’ Band 3: Annual (0.40% of Fund Valu Guaranteed Wealth Boosters: These are payable as an additional percentage of Fund Value (as per below table), at the end of every 5 years starting from 10" policy year. Guaranteed Wealth Boosters are a form of additional guaranteed additions only. Base 1: Annualised Premium less than ¥ 1,00,000 NA Base 2: Annualised Premium ® 1,00,000 to € 1,99,999 (both inclusive) _| 2% of Fund Value Base &: Annualised / Single Premium of € 2,00,000 and above 2% of Fund Value Guaranteed Loyalty Additions and Guaranteed Wealth Boosters are subject to following: 2) All due premiums paid 2) The additional units shall be created In different Fund{s) in proportion of Fund Value on the date the additions are due to be paid by the Company 43) In ease your policy gets lapsed and You revive it at a later date, the additions for previous years will be pais based on the Fund Value that existed when the addition was originally due 4) In case premium reduction option is exercised, additions post premium reduction will be credited in a similar manner as mentioned above, ie. according to the band in which the reduced premium falls in 5) In case the last payable addltion coincides with the maturity date, it willbe paid asa part af the Maturity benefit ‘You have a period of 15 days (30 days if the policy is sourced through Distance Marketing modes) from the date of receipt of the Policy to review the terms and conditions of the Policy and where you disagree to any of those terms or conditions, You have the option to return the Policy stating the reasons for your objections, upon which you shall be entitled to an amount which will be equal to non - allocated premium plus charges levied by cancellation of units plus Fund Value at the date of cancellation, less charges deducted towards mortality and rider benefit (including service tax on these charges) for the period of cover, expenses incurred on medical examination, if any, and on account of stamp duty. Free look period You have an option to decrease the premium up to 50% of the original Annualized Premium, subject to the ‘minimum premium limit, only ence post the end of 5 year lock-in period, provided all due premiums have been ald. For further details refer to the prospectus available on www.maxlifeinsurance.com Option to reduce premium Surrender ‘At any time during the Policy Term, You have the right to surrender the policy by advising the Company in writing. The surrender benofit is equal to Fund Value less applicable Surrender / Discontinuance charges. Policy can be Surrendered / Discontinued at any time but the Surrender / Discontinuance value will be paid subject to provisions of the Policy, Please note, policy once Surrendered, cannot be revived. For further details refer to the prospectus available on wrrw.maxlifeinsurance.com Investment Strategies | Self-Managed Portfolio Strategy - A strategy wherein your money will be allocated in your choice of fund). Lifecycle based Portfolio Strategy - An option to manage your funds by creating a balance between an equity and a debt fund of your choice through systematic allocation based on your changing age. Trigger based Portfolio Strategy - An event based strategy that helps you in ‘Securing your Gains” The premium will Initialy bo distributed between an equity and a debt fund chosen by you, in a 75%: 25% proportion. Your portfolio will b>. re-balanced and funds will be reallocated based on a pre-defined trigger event at every monthly anniversary ofthe policy Systematic Transfer Plan - An option which replicates 3 rupee cost averaging method by systematically moving your money from a debt to equity fund every month. The premium received net of charges shall be allocated frst to Secure Plus Fund. Immediately thereafter and on each subsequent monthly anniversary, unite avaiable in Secure Plus Fund wil be systematically transferred to Growth Super Fund based on the formula: [1 / (13 = month number in the policy yea] Dynamic Fund Allocation Strategy « A standardized approach for striking the right balance between debt and equity by rebalancing your portfolio batis years to maturity remaining in your policy. The funds shall be maintained amongst GGrovrth Super Fund ané Secure Fund ina pre-defined proportion that changes depending upon the years eft to maturity as pera matrix Increase / decrease in | An Increase or decrease is allowed in the Premium Payment Term and Policy Term under this plan subject to PPT/ PT all due premiums being paid and completion of lock-in period. Please refer to Policy Contract for details. (this feature isnot saleable for inte psy premium sayment option. Paley Settlement Option You may at least 15 days prior to the Maturity Date, opt for a Settlement Option, pursuant to which the Company will continue to manage the Funds for you for a maximum period of 5 years from the Maturity Date and make periodic payments. During the settlement period, Fund Management Charges shall continue to be levied. There shall be a risk cover equal to 105% of the total premiums paid and mortality charges will be deducted basis the sum at risk. You may exercise switch option during settlement. “Annualized Premium means the premium amount payable in 2 pllcy year. excluding any rider premium, underwriting extra premiums on riders, and appllcable taxes, cesses or levies if any. For more detalls on risk Factors terms and conditions please refer to the detaled prospectus avalable at wwxmaxlfinsurance.comIllustration Ge Mr, Sharma aged 35 years purchased Max Life Flexi Wealth Plus (Wealth Variant) with the details as below: Premium Payment Term = 5 years; Policy Term = 10 years; Mode of Payment = Annual; Annualised Premium = ® 1,00,000; Fund chosen Balanced Fund “All promiums are payable at the beginning of year Total Additions to fund at end of 10" year Peon nee Beste cay Poe (ci Batu) Cais) At age ©az08 H “eia723 ! £7,386 1 Maturity Benefit | acantt = € 556,594 | avon = 7,60,100 ‘Annualised Premium”: 1,00,000 Total Premiums Paid: % 5,00,000 ——___ + & & «3 ? @eeeee en ee ‘Premium Payment Term t + : Paley Term Scenario 1: Survival till maturity At the end of 10% policy year, Mr. Sharma gets the Maturity Benefit as given in the below table. Peer etka Poet Seve certr hart) sin At assumed rate of return of 8%"; _€ 7,60.100 "Please note that the above assumed rates of return @ 4% and 8% p.. respectively, for Balanced Fund, ae only seenaios at these rates after recovering all applicable charges. These are nat guaranteed, and they arent the upper of lower limits of retuens of the Funds selected in your policy, asthe performance ofthe Funds is dependent on a numberof factors including future Investment performance. For more information please request for your pally specine bene lustration. Scenario 2: Death at the end of 3" policy year In case of death in 3% Policy year (after payment of 3 premiums, but just before payment of 4" premium), the Death Benefit paid will be calculated as under: Death Benefit = Higher of (Sum Assured or 105% of all premiums paid or “Fund Value) where, Sum Assured = 10 times Annualised Premium” = 10 X € 1,00,000 = @ 10,00,000 Death Benefit ic hisher of: : 41. Sum Assured - €10,00,000 i 2! 105% of Premiums paid - @ 3,15,000 i 5. "Fund Value: @ 8%" - 2 3.06,965 ;@ 4%" 7 2,84,139 | pot of 1100.00 | ae —_—— a -—:— 3 SS ww @ @ ver oo ‘Premium Payment Term Polley Term ‘Ail premiums are payable atthe begining of yea. “expected Fund Value of Balanced Fund, the Fung Valve denoted above in yar 3 (before payment of 4% premium this might be dierent depending on exact date ‘of death of Life Insured, Fund Value willbe calculated as per the prevailing NAV 25 on the date of death "please note thatthe above assumed rates of retuen @ 4% and 8% p.. respectively for Balanced Fund re only scenarios at these rates after recovering all applicable charges. These are not guaranteed, and they are not the upper oF lower limits of returns of the Funds selected In your policy. a5 the performance ofthe Funds is ‘dependent on a number of factors including future Investment performance, For more Information, please request for your policy specific benefit lstration,Illustration eee Mr. Gupta aged 95 years purchased Max Life Flexi Wealth Plus (Whole Life Variant) with the details az below: Premium Payment Term = 7 years; Polley Term ~ 65 years; Mode of Payment = Annual; Annualised Premium = 1,50,000; Fund chosen: Bolanced Fund Additions to fund at end of 65" year reer aT a Me et aE end eVines ae i Sis) ABs 2612448 €47;52,986 esis Annuslised Premium: 2 1,50,000 Total Premiums Paid: © 10,50,000 FF ke ee uO OCS veer we “Premium Payment Term : Pr Payment . : Pacy erm “All premiums are payable at the beginning of year. Please note that the above assumed rates of return @ 4% and 8% paa respectively, for Balanced Fund, are only scenarios at these rates after recovering all applicable charges. These are not guaranteed, and they are not the upper or lower limits of returns of the Funds selected in your policy, as the performance of the Funds is dependent on a number of factors including future investment performance. For more information, please request for your policy specific benefit ilustration, Scenario 2: Mr. Gupta unfortunately died at end of 40" policy year (on attaining 75 years of age). In case of death in 41* year the death benefit paid will be caleulated as under: Death Benefit = Higher of (Sum Assured or 105% of all premiums paid or "Fund Value) where, Sum Assured = 10 times Annualised Premium Sum Assured = 10 X 150,000 = & 15,00,000 - | Death Benefits higher of: | 1) Sum Assured ~ 2 15,00,000 | 2) 105% of Premiums paid - € 11,02,500 | 2) Fund Value: @ 8%" -£ 125,96,.895 ; @ 436" -€ 20,63,704 | Ses Annualised Premium of € 1,50,000 > LE @eeeeeede e et ‘Premium Payment Term t : Pty Term ‘al premium ate payables the begining of year. "Expected Fund Value of Balanced Fund the Fund Value denoted above in yer 40; this might be diferent depending on exact date of death of Lie Insured. Fund Value "ease note that the above assumed rates of return @ 4% and 8% pa respectively, for Balanced Fund, ar only scenarios at these rates after recovering al appicable charges. These are not guaranteed and they are not the upper or lower limits of returns ofthe Funds selected In your pac. as the performance ofthe Funds is ‘Sependent on 3 number of factors Including futur Investment performance. For more Information, please request for your poly specific benef ilvtration. For Example, Maturity Benefit at sample ages: Cena corer et ae oe eT) Cac mT ATS Pra ety Bid ror Annualised Premium Life Insured | Premium (2) | Payment Term 35°77 Fi100,606 © 1,00,000 25.54.8641 £2 7.57,390oc 7 496 assumed rate of return | 8% assumed rate of return org Ro Life Insured | Premium (2) ac cara Cnc a Tos Bra si Eis ¥2,00,006 25,578,470 ¥ 219,902,568 100,000} 7,924,557 | 3.17% | € 60235509 | © 1,00,000, 7 60} © 3.897,186 3.05% | €94198,520 | 7.04% Premium Payment Mode: Annual: Standard life Fund chosen: Balanced Fund: Cover multiple: 1.25 times of Annualized Premium for Single Pay and 10 tines of Annualsed Premium for other Premium Payment Terms. ease note thatthe above assumed rates of return 4% and 8% pa. respectively for Balanced Fund, ae oly scenarios at these rates ater recovering all applicable charges. These are not guaranteed, and they are not the upper or lower limits of returns of the Funds selected in your polley. as the performance ofthe Funds is dependent on a numberof factors Including future Investment performance. For mere information, pease request for your policy specie beneftllustration, /Anqualsed Premium means Premium amount payable Ina Polley Year, excluding any Rider Premiums underwriting extra premium onrders and aplleable taxes, esses orlevies ian. Premium Allocation Charge ‘Single Pay: 4% of Single Premium ‘* Limited Pay and Regular Pay: The premium allocation charges are as follows: iionc Prayer charge a5 a % of Caan Policy Administration Charge ‘© Single Pay: The policy administration charge for single pay policies Is 0.10% per month for first 10 years Increasing at 5% p.a. from 43" month onwards. «Limited Pay and Regular Pay 1) Annual mode: The policy administration charge le 0.20% per month for fist 10 years, increasing at 5% pa from 13! month onwards. 2) Non-annual mode: The policy administration charge for single pay pol years increasing at 5% paa. from 138 month on-wards.. '3) From year 11 onward, policy administration charge is equal to zero forall policies (ie ere wtb eid a eer moi aniversary by canceling Uns rom the Unt Aca sarting Hon he date of conenencement of oy. ‘Therasinum poly sniitrton hargs non capped 282 500) 5 15 0.12% per month for frst 10 ‘This ic a charge levied at a percentage of the value of aztets and zhall be appropriated, usually daily, By adjusting the Net Asset Value of the Fund. The rate to be levied will be equal to the annual rate, as given belovs, divided by 365 and multiplied by the number of days that have elapsed since the previous unit valuation date. ‘The charges specified below are guaranteed and shall not change during the policy lifetime. The annual rate of Fund Management Charge is a2 below. Fund Management Charge Fund Management Charge (of Fund Value eee eae Meney Market Il Fund (SFIN: ULIFO2301/01/20LIFEMONMK2104) Secure Plus Fund (SFIN: ULIFO1628/04/09LIFESECPLS104) Secure Fund (FIN: ULIF00425/06/04LIFESECURE104) Dynamie Bond Fund (SFIN: ULIF02401/01/20LIFEDYNBOF104) Conservative Fund (FIN: ULIF00325/06/04LIFECONSERI04) Growth Fund (FIN: ULIF00125/06/04LIFEGROWTH104) Growth Super Fund (FIN: ULIFO1108/02/07LIFEGRWSUP104) Diversified Equity Fund (SFIN: ULIF02201/01/20LIFEDIVEQF 104) “High Growth Fund “Very high (SFIN: ULIFO1311/02/08LIFEHIGHGR104) Discontinuance Policy FundMortality Charge ‘The mortality charge will be levied on the basis of ‘Sum at Risk’ on every monthly anniversary by cancelling units from the unit account starting from the date of commencement of policy. The mortality charge will be on an attained age basis over the duration of the contract. The charge is per 1,000 of Sum at Risk and will depend on the gender and attained age of the Life Insured. Sum at Risk (SAR) for both variants under the product is defined as follows: Maximum (Maximum (Sum Assured, 105% of all premiums paid) less applicable partial witherawals - Total Fund Value, 0) Sample rates are provided for your reference. Charge per 1000 of Sum at Risk CCS cae eee) Surrender / Discontinuance Charge Single Premium Policies Discontinuance Charges for the policies having Single premium eyo ae _ Pretend Poke een ERO Ee the policy year ELOWEESEDN et ce ead SAA eet ata % of Fund Value) % of Fund Value) foe eed (ind) ‘Sand onwards Limited / Regular Premium Policies nee ead cr cy cn _ Peace ee eer ney peers Poreren Porn urd roe eg eee Seminars ferrite) er ed eed ‘There is no charge for premium redirection, A maximum of six (6) premium redirections are allowed in any Peliey year Premium redirection Partial withdrawals are free of any charge. A maximum of twelve (12) partial withdrawals are allowed in any policy vyear. Partial Withdrawal Please note ~ All applicable taxes, cesses and levies a5 imposed by the Government from time to tne wil be levied onal charges 3s per the prevailing ws eyo aa an th fae ono ee Bo pertomane Woe hc nee ot oar peste ne