Types of Investments in India 2024 | Best Types of Investments | Max Life Insurance (2024)

THE UNIT LINKED INSURANCE PRODUCTS DO NOT PROVIDE ANY LIQUIDITY FOR THE FIRST FIVE YEARS OF THE CONTRACT. THE INSURANCE IS ONLY COMPLETE OR PARTIAL AT THE END OF THE FIFTH YEAR.

Unit Linked Insurance Products (ULIPs) differ from traditional insurance products and are subject to risk factors. The premium paid in Unit Linked Life Insurance policies is subject to investment risks associated with the capital markets and the net asset value of the units may increase or decrease based on the performance of the fund and factors affecting the capital market, and the insured is responsible for his/her decisions. Max Life Insurance is just the name of the insurance company and Max Life Online Savings Plan (UIN: 104L098V05) is just the name of the unit-linked life insurance contract and in no way indicates the quality of the contract, its future prospects or its returns . You can request the associated risks and applicable costs from your insurance broker or insurance intermediary or from the policy schedule. The various funds offered under this contract are the names of the funds and in no way indicate the quality of these funds, their future prospects or returns.

Max Life Online Savings Plan is a unit-linked, non-participating individual life insurance policy (UIN104L098V05)

*#Some benefits are guaranteed and some benefits are variable, with returns based on the future performance of your life insurer. The assumed rates of return (4% per annum and 8% per annum) shown in the illustrative example are not guaranteed and do not represent the upper or lower limit of what you can get back as the value of your policy will depend on a number of factors . Among other things. future investment results. The guaranteed and non-guaranteed benefits only apply if all due premiums have been paid. The maturity benefit shown in the illustrative example is inclusive/exclusive of taxes.

^*Disclaimer: Applies to Titanium variant of Max Life Smart Fixed-Return Digital (premium payment of 5 years, policy term of 10 years) and a healthy female aged 18 years paying Rs.3,60,000/- per annum (excluding all applicable taxes)

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^^At the end of the policy period

The savings shown is the maximum premium difference compared to the offline subscription and depends on the variant purchased.

^*All InstaClaim™ eligible claims will be paid within 1 business day from the date of submission of all mandatory documents, otherwise Max Life will pay interest at bank rate at the beginning of the financial year in which the claim is received (4.65% per year for financial year 2020) for each day of delay longer than one working day. The interest must correspond to the bank interest rate applicable at the beginning of the financial year in which the death claim is received.

Claims for policies taken out for 3 consecutive years. All mandatory documents must be submitted no later than 3:00 PM on a weekday. The claim amount on all eligible policies4 is less than Rs. 1 Crore. Claims do not guarantee field verification. Mandatory documents: > Original police document > Original/certified copy of death certificate issued by the local municipality > Death claim application form (Form A) > NEFT power of attorney form, endorsed by the banking authority, along with a canceled check or bank pass book along with the nominee Identity proof with photo > Printout/death certificate Attested by hospital authorities or FIR and post-mortem report/viscera report (in case of accidental death)

⁷CMO Azië BFSI Excellence Award 2019

⁵Criteria applicable only for “Term Plans” for candidates, resident of India with declared income >= 10 lacs with CIBIL score >= 650 (employed) and >= 700 (self-employed) without declared medical condition

⁴InstaClaim TM is available for all versions of (UIN:104N118V07). Mandatory Documents: • Original police document • Original/attested copy of death certificate issued by the local municipality • Death claim application form (Form A) • NEFT power of attorney form, endorsed by the banking authority, along with canceled check or bank pass book, along with Nominated ID proof with photo • Summary of discharge/death certified by hospital authorities or FIR and post-mortem report/viscera report (in case of accidental death)

^##Tax conditions:

^##Save 46,800 in tax if the insurance premium is Rs.1.5 lakh per annum and you are an ordinary person subject to 30% income tax with taxable income less than Rs. 50 lakh and opt for the old tax system^~#Save 54,600 on tax if the insurance premium is Rs.1.5 lakh per annum for life cover and 25,000 for critical illness cover and you are an ordinary person, subject to income tax at 30% with taxable income less than Rs. 50 lakh and opt for the old tax system.

³The discount applies if you are an employee of a company. During policy issuance, Max Life may request proof of employment if necessary. If the petitioner cannot prove the labor component upon request, the discount offer will lapse and an additional premium must be paid for the handling of the case.

Disclaimers van CI Rider:

MAX CRITICAL ILLNESS AND DISABILITY RIDER (UIN-104B033V01) available as a rider upon payment of an additional premium.

^>Extended coverage up to age 85 is only available with the Gold and Platinum variants

@ 64 critical illnesses covered by platinum and platinum plus paid variant

22 critical diseases covered by gold and gold plus variant

6 The life insurer is entitled to a discount on the renewal premium under the regular salary variant by accruing Healthy Weeks according to the rider's conditions

*^Total premiums paid including any additional premiums, but excluding all applicable taxes, levies or surcharges and average extras. It is possible to return the premium upon payment of the additional premium.

~ Conditions for premium interruption:Available at an additional premium for policies with a term of more than 30 years and a premium payment term of more than 21 years. Possibility to skip 12 months of premium payments. There are 2 premium breaks available during the premium payment period, separated by an interval of at least 10 years

~1 Conditions for special export value:

Possibility to get all premiums back (free) at a certain time during the term of the insurance. Available when the Return or Premium variant is not selected. No additional premium is due.

~2 Voluntarily insured additional amount:

Option to double your insurance coverage, basic guarantee, when you need it, by increasing your sum insured up to an additional 100% of the insurance base chosen at the start

^^*^^Conditions for free publication period:

The policyholder has a period of 30 days from the date of receipt of the policy document to review the terms and conditions of the policy. If the policyholder does not agree with any of these conditions, he/she has the option to return the policy stating the reasons for his objections. The policyholder is entitled to a refund of the premiums paid after deduction of a proportionate risk premium for the period of coverage and the company's costs for medical examination of the insured lives and stamp duties.

^ The ratio of individual death claims paid according to audited accounts for the financial year 2022-2023

⁸https://www.moneycontrol.com/news/business/economy/buy-term-insurance-now-as-rates-may-rise-from-april-1-4930921.html

²The total premium will be charged at the time of issuance of the policy (depending on the underwriting decision).

³The guaranteed benefits are available with select life insurance plans and apply once all due premiums have been paid

⁴Tax benefits according to current tax legislation, subject to change

Conditions for using the 5% employee discount:

^<Due to system limitations, the employee is requested to select an income of 5 lakh and above, which can be changed to the actual amount on the information page.

¹The 5% employee discount will be refunded to you once your policy has been issued. Submit your documents to issue your policy and receive a 5% employee discount

₉The percentage savings applies to a fixed salary Max Life Smart Secure Plus Plan (a non-linked, non-participating individual Pure Risk Premium life insurance plan, UIN - 104N118V07) – Life option for a 1 cr life insurance policy for a 35 year old, non-smoking spouse for a 40 year policy term versus a 10 year policy term with the same details"

^~*Standard premium for 24 year old healthy male, non-smoker, policy term of 25 years, premium payment period of 25 years (excluding GST) for Max Life Smart Secure Plus Plan (UIN:104N118V07)

^**Healthy Non-Smoking Male, 24 Years, Coverage of 2 Cr, 25 Years Policy Period, 25 Years Premium Payment Period, Excluding GST for Max Life Smart Total Elite Protection Term Plan (UIN: 104N125V03)

~~Healthy Non-Smoking Male, 24 Years, Coverage of 1 Cr, 25 Years Policy Period, 25 Years Premium Payment Period, Exclusive pf GST for Max Life Smart Secure Plus Plan (UIN:104N118V07)

Max Life Smart Wealth Plan | A non-affiliated, non-participating, individual life insurance savings plan|^@Rs.9,68,800/- as lump sum at the end of 15 years, for a 35 year old healthy male.

ARN - ARN/Web/01/21042021

Previous results for the investment funds do not indicate their future development. Investors in the scheme are not offered guaranteed returns. The premiums and funds are subject to certain fees related to the fund or the premium paid.

The premium will be adjusted on the due date, even if it has been received in advance.

For total term premium -**The Total Term Premium is the premium payable as per the selected premium payment frequency, excluding GST and any applicable taxes, levies or levies; and includes any surcharges for Modal Premiums, Underwriting Extra Premium and Rider Premiums.

For price refund -^~The possibility of a premium refund is possible upon payment of an additional premium. The prize does not include amounts paid to riders and is exclusive of taxes, fees and surcharges. If the policyholder chooses the Return or Premium variant, this product must be a non-affiliated, non-participating individual life insurance savings insurance policy.

For riders -^#The applicable rider available for an additional premium is Max Life Critical Illness and Disability Rider | Unaffiliated, Non-Participating Individual Pure Risk Premium Health Insurance Rider |UIN: 104B033V01 . Critical Illnesses and Disabilities The Rider variant has been chosen for Platinum Plus, which covers 64 critical illnesses. Passenger cover is only paid in scenarios where the customer is diagnosed with 64 serious diseases or total and permanent disability. The Rider ends after the critical illness claim has been paid to the policyholder. In the event that the customer only requests the cancellation of a rider, the solution will be canceled as a whole and not just the individual rider.

For additional benefits -^##On payment of the additional premium. Accident cover is only paid out in scenarios where death occurs as a result of an accident.

*~Disclaimer| Max Life Smart Secure Plus subscription. An unlinked, non-participating individual life insurance policy with pure risk premium | Benefit available with special starting value - Total premium paid including any additional premium, but excluding any applicable taxes, levies or charges and modal extras. The premium calculated as standard premium for a healthy male aged 30 years, non-smoker, policy period of 40 years and premium payment period of 40 years (excluding GST) for Max Life Smart Secure Plus Plan.

₆Applies to the Titanium variant of the Max Life Smart Digital plan with fixed returns (premium payment of 5 years and policy period of 10 years) and a healthy male of 18 years paying Rs. 30,000/- per month (excluding all applicable taxes) with a return of 7.50%. Life insurance is available with this product.

_##There is no insurance benefit available with the lifelong wealth variant. **Accrued income is accrued on an annual basis at the prevailing reverse repo rate (published on the RBI website).

_#With 'Save the date' you can choose to carry your annual income to a specific date of the year.

***Available with early prosperity variant. The income benefit is paid according to the selected plan terms.

_~Accidental death benefit is available in call variants, with the exception of single premium variants. There is life insurance cover available in this product.

_#~Term life insurance purchased directly online from Max Life Insurance does not incur any commission.

_~1Max Life Smart Secure Plus Plan, a non-affiliated, non-participating individual pure risk premium life insurance plan| Standard premium for healthy male aged 30 years, non-smoker, 40 years policy period, 40 years premium payment period (excluding GST) for Max Life Smart Secure Plus Plan| ~1 Conditions for special exit value: Possibility to get all premiums back (free) at a certain time during the term of the policy. Available when Premium Variant Return is not selected. No additional premium is due. Option to receive all prizes back (excluding GST). Flexibility to leave the plan early. The special Baseline Coverage applies up to the age of 68 and older (of your age). General terms and conditions apply.

⁶Applies to the Titanium variant of the Max Life Smart Digital plan with fixed returns (premium payment of 5 years and policy period of 10 years) and a healthy male of 18 years paying Rs. 30,000/- per month (excluding all applicable taxes) with a return of 7.50%. Life insurance is available with this product.

_**Max Life Critical Illness and Disability (UIN-104B033V01) available as a rider upon payment of an additional premium. 64 critical diseases covered by paid Platinum and Platinum Plus variant.

_*Available for an additional premium. Accident cover is only paid out in scenarios where death occurs as a result of an accident.

₇Available with Max Life Smart Wealth Plan (UIN: 104N116V11)

₈Available with Max Life Smart Digital Fixed Return Plan (UIN:104N123V04). The guaranteed benefits are available with select life insurance plans and apply once all due premiums have been paid.

**Disclaimer: Standard premium for 24 year old healthy male, non-smoker, policy term of 25 years, 25 years premium payment period (excluding GST) for Max Life Smart Secure Plus Plan (UIN:104N118V07) with a life cover ofRs. 50 lakh.

**Disclaimer: Standard premium for 24 year old healthy male, non-smoker, policy term of 25 years, 25 years premium payment period (excluding GST) for Max Life Smart Secure Plus Plan (UIN:104N118V07) with a life cover ofRs. 75 lakh.

**Disclaimer: Standard premium for 24 year old healthy male, non-smoker, policy term of 25 years, 25 years premium payment period (excluding GST) for Max Life Smart Secure Plus Plan (UIN:104N118V07) with a life cover ofRs. 1,5 Cr.

**Disclaimer: Standard premium for a 24 year old healthy male, non-smoker, policy term of 25 years, premium payment period of 25 years (excluding GST) for Max Life Smart Total Elite Protection Term Plan (UIN: 104N125V03) with a life cover ofRs. 2 DKK

**Disclaimer: Standard premium for a 24 year old healthy male, non-smoker, policy term of 25 years, premium payment period of 25 years (excluding GST) for Max Life Smart Total Elite Protection Term Plan (UIN: 104N125V03) with a life cover ofRs. 5 DKK

Disclaimer~*Standard premium for 24 year old healthy woman, non-smoker, policy term of 25 years, premium payment period of 25 years (excluding GST) for Max Life Smart Secure Plus Plan (UIN:104N118V07)

~^Disclaimer: 5 year cutoff (CAGR – Compound Annual Growth) of Max Life High Growth Fund (ULIF01311/02/08LIFEHIGHGR104) pr. 05/31/2023|²Nifty Midcap Free Float 100% (5 Year Return) | For more information about risk factors, general terms and conditions and products offered.

^~The assumed rates of return (4% per annum and 8% per annum) shown in the illustrative example are not guaranteed and do not represent the upper or lower limits of what you can get back. The value of your policy depends on a number of factors, including future investment performance. The amount shown is for a 30-year-old healthy male, with a premium payment period of 10 years and a policy term of 35 years with the Max Life Online Saving Plan (Unit Linked, Non-Participating Individual Life Insurance Plan | Life Insurance is available in this product) .

** Disclaimer| Max Life Smart Secure Plus subscription. A non-linked, non-participating individual Pure Risk Premium Life Insurance Plan. | **Standard premium for a healthy woman aged 24 years, non-smoker, policy term of 25 years, premium payment period of 25 years (excluding GST) for Max Life Smart Secure Plus plan. | For men, the total premium payable in 25 years is Rs.2.09 lakhs (excluding GST). ~Compared to the corresponding modal points for men, women have to pay Rs 13,800. less premium than men for the entire term of the policy (excluding GST).

~3 Disclaimer: A 35 year old woman opts for a life insurance policy of Rs. 1 Cr up to the age of 75 years pays Rs. 3,319 monthly for 10 years, while a 35-year-old man pays Rs. 4,168 monthly for 10 years

⁷Disclaimer: Rs. 1,00,29,587 after 14 years on maturity of the policy on a monthly investment of Rs. 16,600 for 12 years for 30 year old male with Max Life Smart Wealth Plan – Long Term Variant. An unlinked, non-participating individual life insurance savings insurance policy. The guaranteed benefits only apply if all due premiums have been paid. The total premiums paid are exclusive of VAT. Life insurance is available in this product. ARN: WP/SWP/250723.

Disclaimer:^~10-year CAGR of the Nifty SmallCap 250 Quality50 index as of 24/07/2023. Max Life Nifty Smallcap Quality Index Fund is a passively managed index fund that tracks the Nifty SmallCap 250 Quality50 index (subject to tracking error).