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<strong>Max Life </strong><strong>Life Perfect Partner Super</strong></p>
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<strong><em>(A Plan that Guarantees 212.5% of Guarantee Maturity Sum Assured)</em></strong></p>
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</p>
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In your journey through life, you will need to take care of changing needs like asset creation, investing for retirement, children’s education, marriage and so on. At Max Life Insurance, we understand your desire to take care of these needs and yet simplify your financial planning and investment.</p>
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That is why, we have introduced Max Life Life Perfect Partner Super. This product is a life insurance plan that provides you protection for life and simplifies your financial planning and savings needs. This plan offers you triple benefits as listed below:</p>
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</p>
<p>
· Life insurance coverage till age 75 years,</p>
<p>
· Money back feature, where you will receive 7.5% of the Guaranteed Maturity Sum Assured per annum for 15 years to take care of your needs from age 61 years to 75 years,</p>
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· Maturity benefits at the age of 75 years</p>
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</p>
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This ensures that you can fulfill all your dreams and have a carefree retirement. So enjoy your golden years with pride and independence.</p>
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<p>
<strong><u>Key Features</u></strong></p>
<h3>
1. Get guaranteed 212.5% of the Guaranteed Maturity Sum Assured</h3>
<p>
The plan offers you guaranteed pay back of 212.5% of Guaranteed Maturity Sum Assured. This comprises of the guaranteed money backs along with the lump sum benefit on Maturity.</p>
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</p>
<p>
· <strong>Money backs to ensure a care-free retirement - Living Benenfits</strong> <br />
You will receive guaranteed money back of 7.5% of Guaranteed Maturity Sum Assured on each <a>policy anniversary</a> immediately following the life insured attaining age 61 years to 75 years.</p>
<p>
· <strong>Lump sum Benefit on Maturity – Maturity Benefit</strong><br />
You will receive 100% of Guaranteed Maturity Sum Assured plus Accrued Paid Up Additions (if any) plus Terminal <a>Bonus</a> (if any), on policy maturity at age 75 years.</p>
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</h3>
<h3>
2. Comprehensive Death Benefit</h3>
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The plan offers a comprehensive death benefit to ensure financial security of your loved ones in case of any exigencies. The death benefit offered is equal to Guaranteed Death Benefit along with accrued Paid up Additions (if any) and Terminal <a>Bonus</a> (if any).</p>
<p>
Guaranteed Death Benefit is defined as higher of [ (11 times the annualised premium) or (105% of all premiums paid by Policyholder as on the date of death of the life insured) or (Guaranteed Maturity Sum Assured chosen by the Policyholder at policy inception) ]</p>
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</h3>
<h3>
3. Flexible Premium Payment Terms</h3>
<p>
The plan offers you flexibility to choose your premium payment terms. You can choose either 7, 10, 15 or 20 years as your premium payment term, depending on your financial goals.</p>
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</h3>
<h3>
4. Flexible <a>Bonus</a> Option</h3>
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The plan offers the flexibility to choose among the following <a>bonus</a> options basis your need:</p>
<p>
· <strong>Paid in Cash –</strong><a>Bonus</a> declared (if any) every year from end of 2nd policy year onwards is paid to you in cash throughout the <a>policy term</a> till the age of 75 of the life insured.</p>
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· <strong>Premium Offset –</strong><a>Bonus</a> declared is used to offset future premiums payable by you.</p>
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· <strong>Paid Up Additions –</strong><a>Bonus</a> declared is used to purchase additional sum assured that helps you boost the Guaranteed Maturity Sum Assured through the power of compounding. For more details, please refer to the table under plan features.</p>
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</h3>
<h3>
5. Customize Your Policy</h3>
<p>
The plan offers additional <a>rider</a> that can be taken with the policy to provide for additional protection as per your need.</p>
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</h3>
<h3>
6. Terminal Illness Benefit</h3>
<p>
The plan offers unique Terminal Illness benefit, in which if the Life Insured is found to be suffering from <a>terminal illness</a> that is likely to lead to his/her death, within six months of diagnosis in the opinion of registered medical practitioner, the Company will advance 50% of the Guaranteed Maturity Sum Assured (up to maximum of Rs. 10 lacs across all policies which provide this benefit) immediately on Policyholder's request.</p>
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<p>
<strong><u>Are You Eligible?</u></strong></p>
<table border="1" cellpadding="0" cellspacing="0" style="width:440px;" width="440">
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<strong>Entry Ages</strong>(Age Last Birthday)</p>
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<strong>Minimum Age at Entry :</strong> 91 days<br />
<br />
<strong>Maximum Age at Entry :</strong></p>
<table border="1" cellpadding="0" cellspacing="0" style="width:348px;" width="348">
<tbody>
<tr>
<td style="width:162px;">
<p>
Premium Payment Term (in years)</p>
</td>
<td style="width:230px;">
<p>
Maximum Entry Age (age last birthday)</p>
</td>
</tr>
<tr>
<td style="width:162px;">
<p>
7 and 10 years</p>
</td>
<td style="width:230px;">
<p>
55 years</p>
</td>
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<td style="width:162px;">
<p>
15 years</p>
</td>
<td style="width:230px;">
<p>
50 years</p>
</td>
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<td style="width:162px;">
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20 years</p>
</td>
<td style="width:230px;">
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45 years</p>
</td>
</tr>
</tbody>
</table>
</td>
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<td style="width:58px;">
<p>
<strong>Maturity Age</strong>(Age Last Birthday)</p>
</td>
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<a>Policy anniversary</a> following or coinciding the life insured attaining age 75 years. The only available maturity age is 75 years.</p>
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<strong>Minimum Premium</strong></p>
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<td style="width:382px;">
<table border="1" cellpadding="0" cellspacing="0" style="width:348px;" width="348">
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Premium Payment Term<br />
<strong>(in years)</strong></p>
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Minimum Premium</p>
</td>
</tr>
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<td style="width:165px;">
<p>
7 years</p>
</td>
<td style="width:255px;">
<p>
Rs. 20,000 per annum</p>
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<td style="width:165px;">
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10, 15 or 20 years</p>
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Rs. 8,500 per annum</p>
</td>
</tr>
</tbody>
</table>
<p>
The premium figures above are for annual mode policy excluding extra premium, modal extra, service tax and education cess. For non-annual modes, the <a>modal factors</a> will be applicable.</p>
</td>
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<td style="width:58px;">
<p>
<strong>Maximum Premium</strong></p>
</td>
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As per maximum sum assured and age (subject to Board Approved underwriting policy of the Company)</p>
</td>
</tr>
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<td>
<p>
<strong>Sum Assured Limits</strong></p>
</td>
<td>
<p>
<strong>Minimum:</strong> Rs. 50,000, subject to ­minimum annual premium of Rs. 8,500 for policies with premium payment term of 10/15/20 years and Rs. 20,000 for policies with premium payment term of 7 years. <br />
<br />
The minimum premium excludes extra premium, modal extra and service tax.<br />
<br />
<strong>Maximum:</strong> No Limit (subject to Board approved underwriting Policy of the Company)</p>
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</p>
<p>
Please Note – Annualised Premium = Premium of Base Policy in Annual Mode + Extra Premium on account of Loading for unhealthy lives.</p>
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<p>
<strong><u>How This Plan Works?</u></strong></p>
<p>
Rajiv Sharama (Policyholder and Life Insured) is 35 years old and is married to Rita who is 32 years old. He wishes to secure his retirement with Max Life Life Perfect Partner Super. He chooses a premium payment term of 20 years and is ready to pay Rs. 60,000 (without taxes, levies and loading extra) as his annual premium. He has chosen the <a>Bonus</a> option of Paid Up Additions.</p>
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He gets a Guaranteed Maturity Sum Assured of Rs. 8,81,704.</p>
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<h3>
Benefits</h3>
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</p>
<p>
<strong>Living and Maturity Benefit :</strong></p>
<table border="1" cellpadding="0" cellspacing="0" style="width:440px;" width="440">
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<strong>Benefit</strong></p>
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<strong>When</strong></p>
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<strong>What</strong></p>
</td>
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<p>
Survival Benefit</p>
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From Age 61 years to 75 years</p>
</td>
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<p>
Rs. 66,128 every year</p>
</td>
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<td style="width:181px;">
<p>
Maturity Benefit</p>
</td>
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<p>
Guaranteed Maturity Benefit at age 75 years</p>
</td>
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<p>
Rs. 8,81,704</p>
</td>
</tr>
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<td style="width:181px;">
</td>
<td style="width:207px;">
<p>
Maturity Benefit at 4%**</p>
</td>
<td style="width:203px;">
<p>
Rs. 15,62,076</p>
</td>
</tr>
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<td style="width:181px;">
</td>
<td style="width:207px;">
<p>
Maturity Benefit at 8%**</p>
</td>
<td style="width:203px;">
<p>
Rs. 55,85,174</p>
</td>
</tr>
</tbody>
</table>
<p>
</p>
<p>
** This includes Guaranteed Maturity Sum Assured along with non guaranteed accrued Paid Up Additions and Terminal <a>Bonus</a>.</p>
<p>
</p>
<p>
<strong>Death Benefit :</strong></p>
<p>
The guaranteed death benefit for Mr. Sharma keeps on increasing with his age. The Guaranteed Death benefit along with Accrued Paid up Additions and Terminal <a>bonus</a> at various ages of Mr. Sharma is as mentioned below :</p>
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</p>
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<strong>Age of</strong> <br />
<strong><strong>Mr. Sharma in Years</strong></strong></p>
</td>
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<p>
<strong>Death Benefit</strong> (Guaranteed Death Benefit along with accrued Paid Up Additions and Terminal <a>Bonus</a>) at 4%</p>
</td>
<td style="width:229px;">
<p>
<strong>Death Benefit</strong> (Guaranteed Death Benefit along with accrued Paid Up Additions and Terminal <a>Bonus</a>) at 8%</p>
</td>
</tr>
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<td style="width:142px;">
<p>
35</p>
</td>
<td style="width:202px;">
<p>
8,81,704</p>
</td>
<td style="width:229px;">
<p>
8,81,704</p>
</td>
</tr>
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<td style="width:142px;">
<p>
50</p>
</td>
<td style="width:202px;">
<p>
12,93,754</p>
</td>
<td style="width:229px;">
<p>
19,74,672</p>
</td>
</tr>
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<td style="width:142px;">
<p>
60</p>
</td>
<td style="width:202px;">
<p>
16,90,012</p>
</td>
<td style="width:229px;">
<p>
32,58,418</p>
</td>
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<td style="width:142px;">
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70</p>
</td>
<td style="width:202px;">
<p>
18,52,135</p>
</td>
<td style="width:229px;">
<p>
48,60,262</p>
</td>
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</tbody>
</table>
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</p>
<p>
Note : The death benefit shown here is taken into consideration that Mr. Sharma pays all his due premiums in time and the policy is in force.</p>
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</p>
<p>
For the example listed above the <a>Cash Value</a>, Death Benefit and Maturity Benefit will change (reduce) if the customer withdraws money from the policy (by surrender of <a>Cash Value</a> of PUA) in between the <a>policy term</a>. Kindly note that the above case studies are only illustrations and do not create any rights and / or obligations. The assumed non-guaranteed <a>rate of return</a> chosen in the above illustrations is 4% and 8%. This assumed <a>rate of return</a> is not guaranteed and this is not the lower and upper limit of what you might get back as the value of your policy is dependent on a number of factors including future investment performance. The actual experience on the contract may be different from the illustrated. The guaranteed and non-guaranteed benefits are applicable only if all due premiums are paid. The premiums mentioned above are exclusive of service tax charges. Please note that Bonuses are NOT guaranteed and may be as declared by the Company from time to time.</p>
<p>
</p>
<p>
<strong><u>About Premium Payment</u></strong></p>
<p>
<strong>Policy Term</strong>To age 75 years of the Life Insured<br />
(<a>Policy anniversary</a> following or coinciding the life insured attaining age 75 years)<br />
<strong>Policy Term :</strong> 75 years less Age at entry of Life Insured<strong>Premium Payment Term</strong>7 years, 10 years, 15 years or 20 years.</p>
<p>
</p>
<p>
<strong><u>Riders</u></strong></p>
<p>
<strong>Max Life Payor</strong> <strong><a>Rider</a></strong> <strong>(UIN: 104B013V04)</strong> provides policy continuance benefit in case of death or disability of the payor. This <a>rider</a> can be taken only if the Policyholder is different from life insured.</p>
<p>
<a>Rider</a> Boundary conditions are as under:</p>
<table border="1" cellpadding="0" cellspacing="0" style="width:440px;" width="440">
<tbody>
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<td style="width:40.0%;">
<p>
<strong>Entry Ages</strong> (Age Last Birthday)</p>
</td>
<td style="width:60.0%;">
<p>
Minimum - 20 years <br />
Maximum - 55 years</p>
</td>
</tr>
<tr>
<td>
<p>
<strong>Maximum Maturity Age</strong> (Age Last Birthday)</p>
</td>
<td>
<p>
60 years</p>
</td>
</tr>
<tr>
<td>
<p>
<strong>Premium Modes</strong></p>
</td>
<td>
<p>
Same as Base Policy</p>
</td>
</tr>
<tr>
<td>
<p>
<strong>Minimum/Maximum Premium</strong></p>
</td>
<td>
<p>
Based on the minimum and maximum premium under the Base Policy and any attaching <a>rider</a>. <br />
However, the <a>rider</a> premium shall in no case exceed 30% of premiums payable under the Base Policy.</p>
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</tbody>
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</p>
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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>
<cufon alt="Life "><canvas height="38" width="89"></canvas><cufontext></cufontext></cufon><cufon alt="Perfect "><canvas height="38" width="143"></canvas><cufontext></cufontext></cufon><cufon alt="Partner "><canvas height="38" width="148"></canvas><cufontext></cufontext></cufon><cufon alt="Super"><canvas height="38" width="112"></canvas><cufontext></cufontext></cufon></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>
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