Key Feature Document for Max Life Fast Track Super
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Introduction This document is the summary of important points in your policy. You must read this to understand your policy
better.
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Your policy details The table below gives an overview of the details of this policy:
Life Insured Name:(name of the Mr. Ashis Kumar Bera Policyholder Name:(person in Mr. Ashis Kumar Bera
person whose life is insured) whose name the policy is issued)
Policy No. (please use this for any 620679965 Premium Payment Due Date: 29th of Feb every year
communication with us)
Date of Commencement: 29-Feb-2020 ECS Draw Date: 01st of Feb Every Year
(date when the policy starts)
Premium Payment Term in 5 Policy Term: (period of 10
years (period for which premium coverage- in years)
is to be paid):
Last Premium Due Date : 29-Feb-2024 Maturity Date: 28-Feb-2030
Premium Amount : ` 4,50,000.00 Maturity Amount: Fund value as on maturity date
Sum Assured: (minimum amount ` 45,00,000.00 Fund(s) invested in: Regular:
payable if the life insured expires)
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Important points of These are the important points of your policy:
your policy • A Unit Linked Non-Participating Individual Life Insurance Plan
- is a long term life insurance and savings plan
- provides flexibility to invest in equity or debt or a combination based on your willingness to take risk, and
- gets you long term benefits and protection, so we encourage you to continue with the policy for the complete
policy term.
• Policy performance - The performance of your policy is related to the performance of markets; the total value
of your policy may fall, rise or remain constant, depending on the market ups and downs and the performance
of the fund(s). We do not assure guarantee of returns.
• Investment in funds - The entire premium amount is not invested in the markets. We invest the premium after
deducting the applicable charges, including the life insurance cover charge,
• Withdrawal of money - If you need, you will able to withdraw the money invested in this policy as follows:
If you wish to wish to withdraw money Then you
in the initial 5 years cannot withdraw money.
after the initial 5 years can withdraw money.
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Policy Benefits
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If the life insured On the maturity date, if we have received all the due premiums, we will pay the sum of the following:
lives • the fund value as on maturity date, or
• periodic payments, if you have chosen the settlement option.
Note: Under the settlement option you can continue to stay invested with us after maturity.
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If the life insured If the life insured expires during the policy term and we have received all the due premiums, we will pay the
expires highest of the following values:
• sum assured (after adjusting the policy benefits already availed, if any), or
• fund value as on the date of death, or
• 105% of premium(s) paid as on the date of death
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