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<p align="center" style="margin-left:15.0pt;">
<strong>Max Life Forever Young Pension Plan</strong></p>
<p align="center" style="margin-left:15.0pt;">
<strong>(A Unit Linked Pension Plan)</strong></p>
<p style="margin-left:15.0pt;">
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<p>
Today, in the prime years of your life, you are striving hard to offer the best lifestyle to your loved ones. While you are enjoying all the comforts that life has to offer, are you certain you will be able to maintain your family’s lifestyle, post retirement?</p>
<p>
Presenting <strong>Max Life Forever Young Pension Plan,</strong> which provides the benefits of equity participation to build a large retirement corpus and at the same time offers a guarantee to protect your savings from market downturns. It also offers additional benefits to safeguard your family against unforeseen eventualities so that you and your loved ones live life on your own terms.</p>
<p>
</p>
<p>
</p>
<p>
<strong>Key Benefits</strong></p>
<h3>
Benefits:</h3>
<h4>
Maturity Benefit:</h4>
<p>
The maturity benefit that you receive will depend on the investment option chosen by you. In case you opt for the Pension Maximiser Option, you will receive an amount equal to the higher of <a>Fund Value</a> or 101% of cumulative premiums (including top up premiums, if any) at maturity. If you opt for the Pension Preserver Option, you will receive an amount equal to the higher of<a>Fund Value</a> or 110% of cumulative premiums (including top up premiums, if any)at maturity. The Pension Maximiser Option has a relatively higher proportion of assets invested in equity, with an objective to achieve capital appreciation. The Pension Preserver Option provides stable returns through investing primarily in fixed income instruments and thus provides a higher quantum of guarantee on the investments made.</p>
<h4>
Death Benefit:</h4>
<p>
Higher of the <a>Fund Value</a> or 105% of the cumulative premiums paid (including top up premiums, if any).</p>
<h3>
</h3>
<h3>
Investment Options Available</h3>
<p>
You have the option to choose from any one of the below mentioned investment options.</p>
<h4>
Pension Maximiser Option -</h4>
<p>
In case you opt for the Pension Maximiser Option, 100% of your premiums (including top up premiums, if any) shall be invested in the Pension Maximiser Fund (SFIN: ULIF01715/02/13PENSMAXIMI104).</p>
<h4>
Pension Preserver Option -</h4>
<p>
In case you opt for the Pension Preserver Option, 100% of your premiums (including top up premiums, if any) shall be invested in the Pension Preserver Fund (SFIN: ULIF01815/02/13PENSPRESER104).</p>
<p>
Please note that you can only choose the option at inception and no change in the option is allowed during the <a>policy term</a>.</p>
<h3>
Guaranteed Loyalty Additions</h3>
<p>
The loyalty additions are payable only if the life insured is alive and all due premiums have been paid. 0.50% of the <a>Fund Value</a> shall be added to the fund by creation of additional units, at the end of every policy year, starting end of 10th policy year. The Guaranteed Loyalty Additions increase by 0.02% (absolute) each year from 11th policy year.</p>
<p>
These Guaranteed Loyalty Additions shall be subject to the following:</p>
<p>
· Guaranteed Loyalty Additions will be payable only on premium paying policies.</p>
<p>
· Guaranteed Loyalty Additions shall be payable both in case of Regular Pay and Single Pay variants.</p>
<p>
In case of revival of policies, the Guaranteed Loyalty Additions for previous years will be added based on the <a>Fund Value</a> prevailing at the revival date</p>
<p>
</p>
<p>
</p>
<p>
<strong>Are You Eligible?</strong></p>
<table border="1" cellpadding="0" cellspacing="0" style="width:440px;" width="440">
<tbody>
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<td style="width:50.0%;">
<p>
<strong>Entry Age</strong> <br />
<strong>(Age at last birthday)</strong></p>
</td>
<td style="width:50.0%;">
<p>
<a><strong>Vesting</strong></a> <strong>Age</strong></p>
</td>
</tr>
<tr>
<td>
<p>
Minimum: 30 years</p>
</td>
<td>
<p>
Minimum: 50 years</p>
</td>
</tr>
<tr>
<td>
<p>
Maximum: 65 years</p>
</td>
<td>
<p>
Maximum: 75 years</p>
</td>
</tr>
</tbody>
</table>
<h4>
Options available on <a>vesting</a></h4>
<p>
· Immediate <a>Annuity</a> for the full amount.</p>
<p>
· Commute up to 1/3rd of the <a>Fund Value</a> (as per the prevailing tax laws) and use the remaining proceeds to purchase an Immediate <a>Annuity</a> from Max Life.</p>
<p>
· Extend the accumulation period for the same policy, (provided you are less than 55 years of age) to potentially grow your corpus and receive a higher<a>annuity</a> payout.</p>
<p>
· Utilize the entire proceeds to purchase a Single Premium Pension Plan from Max Life.</p>
<p>
</p>
<p>
The above options are applicable for both Regular Pay & Single Pay variants.</p>
<h4>
Options available on death of the policyholder</h4>
<p>
</p>
<p>
The <a>nominee</a> shall have the option to utilize the death benefit in one or more of the following ways:</p>
<p>
· Utilize the entire proceeds of the policy or part thereof for purchasing an Immediate <a>Annuity</a> at the then prevailing rate of the Company or</p>
<p>
· Withdraw the entire proceeds of the policy; or</p>
<p>
· Utilize the entire proceeds of the policy or part thereof for purchasing a Single Premium Pension Plan, which will enable the <a>nominee</a> to purchase an Immediate <a>Annuity</a> at a chosen date in the future.</p>
<p>
</p>
<p>
</p>
<p>
<strong>About Premium Payment</strong></p>
<table border="1" cellpadding="0" cellspacing="0" style="width:440px;" width="440">
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<p>
<strong>Premium Payment Modes</strong></p>
</td>
<td style="width:50.0%;">
<p>
· Regular Pay - Annual, Semi Annual, Quarterly & Monthly modes are offered</p>
<p>
· Single Pay</p>
</td>
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<td style="width:20.0%;">
<p>
<strong>Minimum Premium</strong></p>
</td>
<td style="width:50.0%;">
<p>
For Single Pay - Rs. 100,000</p>
<p>
However, in case the Single Pay variant is purchased through the corpus received on death or surrender of the Regular Pay variant (of the same product), there is no minimum premium limit to purchase the Single Pay variant.</p>
<p>
For Regular Pay - Rs. 25,000 per annum</p>
<p>
Maximum per annum Premium: No limit</p>
</td>
</tr>
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<td style="width:20.0%;">
<p>
<strong>Policy Term</strong></p>
</td>
<td style="width:50.0%;">
<p>
<a>Vesting</a> age less entry age, subject to following conditions:</p>
<p>
· Maximum allowed <a>policy term</a> is 75 years, less entry age</p>
<p>
· Minimum <a>policy term</a> is 10 years</p>
<p>
You have the option to opt for any <a>vesting</a> age as long as the <a>vesting</a> age is at least 50 years. Please note that you have the option to extend the <a>policy term</a> (i.e. <a>vesting</a> age) subject to the Maximum <a>Vesting</a> Age.</p>
</td>
</tr>
</tbody>
</table>
<p>
</p>
<p>
</p>
<p>
Which Funds You Can Invest In:</p>
<p>
We offer you to choose any of the two investment options. The Pension Maximiser Option and the Pension Preserver Option are available through Pension Maximiser Fund and the Pension Preserver Fund respectively.</p>
<p>
</p>
<p>
The details of the funds are as below</p>
<p>
</p>
<table border="1" cellpadding="0" cellspacing="0" style="width:451px;" width="451">
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<strong>Fund Name and Objective</strong></p>
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<strong>Government Securities & Corporate Bonds</strong></p>
</td>
<td style="width:85px;">
<p>
<strong>Money Market & Cash Instruments</strong></p>
</td>
<td style="width:85px;">
<p>
<strong>Equity & Equity related securities</strong></p>
</td>
<td style="width:85px;">
<p>
<strong>Potential Risk/Reward</strong></p>
</td>
</tr>
<tr>
<td style="width:170px;">
<p>
<strong>Pension Maximiser Fund:</strong>(SFIN: ULIF01715/02/13PENSMAXIMI104)</p>
</td>
<td style="width:170px;">
<p>
40% - 80%</p>
</td>
<td style="width:85px;">
<p>
0% - 40%</p>
</td>
<td style="width:85px;">
<p>
20% - 60%</p>
</td>
<td style="width:85px;">
<p>
Medium</p>
</td>
</tr>
<tr>
<td style="width:170px;">
<p>
<strong>Pension Preserver Fund:</strong>(SFIN: ULIF01815/02/13PENSPRESER104)</p>
</td>
<td style="width:170px;">
<p>
60% - 90%</p>
</td>
<td style="width:85px;">
<p>
0% - 40%</p>
</td>
<td style="width:85px;">
<p>
10% - 35%</p>
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<td style="width:85px;">
<p>
Low</p>
</td>
</tr>
</tbody>
</table>
<h3>
1. Charges Under The Policy</h3>
<h4>
Premium Allocation Charge (as a % of Annual Premium or Single Premium)</h4>
<p>
The Premium Allocation Charge expressed as a percent of premium paid is depicted in the table below:</p>
<p>
</p>
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<p>
<strong>Year</strong></p>
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<td style="width:441px;">
<p>
<strong>Premium Allocation Charge</strong></p>
</td>
</tr>
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<td style="width:142px;">
<p>
<strong>Single Pay (as a % of Single Premium)</strong></p>
</td>
<td style="width:441px;">
<p>
0%</p>
</td>
</tr>
<tr>
<td style="width:142px;">
<p>
<strong>Regular Pay (as a % of Annual Premium)</strong></p>
</td>
<td style="width:441px;">
<p>
Year 1 to 10 - 2% p.a. for annual mode<br />
Year 1 to 10 - 1.25% p.a. for non annual modes<br />
Year 11onwards - Nil for all modes</p>
</td>
</tr>
</tbody>
</table>
<h3>
</h3>
<h3>
2. Fund Management Charge</h3>
<p>
In the long run what makes your investment returns look impressive is the way your funds are managed. Max Life’s expertise in managing your funds is available to you at a nominal charge. This is a charge levied as a percentage of the value of assets and shall be appropriated, usually daily, by adjusting the Net Asset Value of the fund. The annual rate of Fund Management Charge is 1.25% for the Pension Maximiser Fund and the Pension Preserver Fund.</p>
<p>
An additional charge for offering guaranteed benefits will apply to the Pension Preserver Fund and the Pension Maximiser Fund at 0.20% p.a. and 0.40% p.a. respectively.</p>
<p>
</p>
<p>
</p>
<p>
<strong>Riders</strong></p>
<h3>
Max Life Partner Care <a>Rider</a>: (UIN: 104A023V01)</h3>
<table border="1" cellpadding="0" cellspacing="0" style="width:440px;" width="440">
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<td style="width:40.0%;">
<p>
<strong>Available issue ages (Age Last Birthday)</strong></p>
</td>
<td style="width:60.0%;">
<p>
Minimum – 21 years <br />
Maximum - 55 years</p>
</td>
</tr>
<tr>
<td>
<p>
<strong>Maximum Maturity Age (Age Last Birthday)</strong></p>
</td>
<td>
<p>
60 years</p>
</td>
</tr>
<tr>
<td>
<p>
<strong>Minimum</strong> <a><strong>Rider</strong></a> <strong>Sum Assured/ Benefit Amount</strong></p>
</td>
<td>
<p>
Minimum Sum Assured (at any time during the <a>policy term</a>) for the <a>rider</a> is Rs. 1,000.</p>
</td>
</tr>
<tr>
<td>
<p>
<strong>Maximum</strong> <a><strong>Rider</strong></a> <strong>Sum Assured/ Benefit Amount</strong></p>
</td>
<td>
<p>
Is based on the maximum premium of the base policy. However, the sum assured under the <a>rider</a> will not exceed the sum assured under the base policy other than in case of pension plans.</p>
</td>
</tr>
</tbody>
</table>
<p>
Please note that <a>rider</a> premium will not exceed 15% of the base policy premium.</p>
<p>
For further details please refer to the <a href="http://www.maxlifeinsurance.com/pdf/MaxLife_Partner_Care_Rider_Brochure.pdf" target="_blank">Max Life Partner Care Rider brochure.</a></p>
<p>
</p>
<p>
</p>
<p>
Note:</p>
<p>
For more details on risk factors, terms and conditions please read the <a href="http://www.maxlifeinsurance.com/pdf/forever-young-pension-plan-broucher.pdf" target="_blank">sales brochure</a> carefully before concluding a sale. <br />
Tax benefits are subject to change in tax laws. <br />
Life insurance coverage is available in this product. <br />
Insurance is the subject matter of solicitation.</p>
<p>
Applicable Service Tax, Cess, and any other Taxes as imposed by the Government from time to time will be deducted from the premium received.</p></body>
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