MAX LIFE INSURANCE COMPANY LIMITED

Case Study: Mr. Bajaj, aged 35 years, wants to plan for his son Avinash’s (age 3 years) graduation. He invests Rs. 1,00,000 per annum in Max Life Future Genius Education Plan. He chooses Limited Pay variant with a policy term of 18 years and an annual mode of premium payment. Let’s see how this plan would work for him:
Since, Mr. Bajaj has chosen a Policy Term of 18 years with Limited Pay variant, his Premium Payment Term becomes 15 years with a Sum Assured equal to Rs.16,85,772. Bonus option chosen by Mr. Bajaj is Paid Up Additions.

Scenario 1: Mr. Bajaj survives through the Policy Term

Click here to view Scenario 1.

*Please note, on completion of Policy Term one time Terminal bonus (if any) and Accrued Paid Up Additions (if any)  shall be payable as Maturity Benefit.
**Total Payout = Moneyback Benefit + Accrued Paid Up Benefit and Terminal Bonus

Scenario 2: Mr. Bajaj meets with an accident and dies in the 5th policy year i.e. after paying 5 premiums:

Click here to view Scenario 2.

#The nominee can also choose to take Death Benefit as monthly income in which case he/she will get Rs. 16,857 as monthly income for 135 months.
*Please note, on completion of Policy Term one time Terminal bonus (if any) and Accrued Paid Up Additions (if any)  shall be payable as Maturity Benefit.
**Total Payout = Death Benefit + Moneyback Benefit + Accrued Paid Up Benefit and Terminal Bonus

Important Notes

1. Kindly note that the above case studies are only examples and do not in any way create any rights and/or obligations. The actual experience of the policy may be different from what is shown above. The above scenarios are depicted at 4% and 8% investment returns with no PUA withdrawals during the Policy Term. These illustrated rates of investment returns 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

2. Bonuses are non-guaranteed and are declared at the sole discretion of the Company.

3. For more information, please request for your Policy specific benefit illustration.