फाइनेंस में निवेश के विकल्प
निवेश योजनाएँ: भारत में 14 बेस्ट निवेश योजनाएँ 2024 | मैक्स लाइफ इंश्योरेंस
निवेश योजनाएँ: भारत में सर्वोत्तम निवेश योजनाएँ ऑनलाइन खोजें। म्यूचुअल फंड, FD, PPF, ULIP से सही निवेश योजना जानें और इक्विटी और डेट का सर्वोत्तम लाभ प्राप्त करें।
सेविंग प्लान
यूलिप, ऑनलाइन <anchor>सेविंग प्लान</anchor> और इक्विटी लिंक्ड सेविंग स्कीम (ईएलएसएस) जैसी निवेश योजनाएं (इन्वेस्टमेंट-प्लान) मार्केट लिंक्ड रिटर्न के माध्यम से धन जमा करने के अवसर प्रदान करती हैं। साथ ही, ये निवेश योजनाएं (इन्वेस्टमेंट-प्लान) भारतीय कर अधिनियम, 1961 की धारा 80 C के अंतर्गत महत्वपूर्ण कर बचत4 लाभ प्रदान करती हैं। इन दो वर्गों के अंतर्गत, देय प्रीमियम और इंश्योरेंस पे आउट दोनों क्रमशः कर-कटौती योग्य और कर मुक्त हैं।.
Saving Plans - Buy Best Saving Plan Online 2024 | Max Life Insurance
Saving Plans - Buy Best Saving Plan Online 2024 \| Max Life Insurance

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- Savings and Income Plans

- Why Need Saving Plan
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# Savings Plan

Saving schemes or plans are an important part of financial planning and long-term financial stability. Additionally, investing in the suitable saving plan is essential for medical emergencies, post-retire

ment years, marriage, education, or rainy days.

...Read More

![max-axis](/corp-static/images/max-axis.webp)

Max Life Guaranteed Savings Plans

![tax-icon.svg](https://www.maxlifeinsurance.com/static-page/assets/homepage/tax_icon_cf96354d88.svg)
Tax Savings upto Rs 46,800##

![guard-icon.svg](https://www.maxlifeinsurance.com/static-page/assets/homepage/guard_icon_8e4d2783d2.svg)
99.65% Death Claim Paid Ratio^

![discount.svg](https://www.maxlifeinsurance.com/static-page/assets/homepage/discount_647a696102.svg)
12% Discount on Term Plan3

![zero-commission.svg](https://www.maxlifeinsurance.com/static-page/assets/homepage/zero_commission_5b92cff907.svg)
Zero Commission#~

[![banner3_desktop_rohitt_ritika.webp](https://www.maxlifeinsurance.com/static-page/assets/homepage/banner3_desktop_rohitt_ritika_b4f7056058_2e379c7773.webp)](/investment-plans/investment-calculator?utm_theme=SIP)

![max-axis](/corp-static/images/max-axis.webp)

![tax-icon.svg](https://www.maxlifeinsurance.com/static-page/assets/homepage/tax_icon_cf96354d88.svg)

Tax Savings upto Rs 46,800##

![guard-icon.svg](https://www.maxlifeinsurance.com/static-page/assets/homepage/guard_icon_8e4d2783d2.svg)

99.65% Death Claim Paid Ratio^

![discount.svg](https://www.maxlifeinsurance.com/static-page/assets/homepage/discount_647a696102.svg)

12% Discount on Term Plan3

![zero-commission.svg](https://www.maxlifeinsurance.com/static-page/assets/homepage/zero_commission_5b92cff907.svg)

Zero Commission#~

[![25_4_percent_19b2a5dfa6](https://www.maxlifeinsurance.com/static-page/assets/homepage/25_4_percent_19b2a5dfa6.svg)\
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Nifty Momentum 50 Fund\*\*+](https://www.maxlifeinsurance.com/investment-plans/investment-calculator?utm_theme=SIP) [High Growth Fund\
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Upto 32.73%~^ Returns](/investment-plans/investment-calculator?utm_theme=SIP) [7.5%6 Guaranteed Returns\
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![1_crore_icon_18a1d013a4](https://www.maxlifeinsurance.com/static-page/assets/homepage/1_crore_icon_18a1d013a4.svg)\
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₹ 3 L Premium Back^](/term-insurance-plans/premium-calculator?utm_theme=FreeTrop)

**Disclaimer**

: In Unit Linked Policies, the investment Risk in the investment portfolio is borne by the policyholder.

Get Tax-Free##

Fixed Returns up to 7.5%\*

With Max Life Smart Fixed-return Digital Plan

Get Tax-Free##

Fixed Returns up to 7.5%\*

With Max Life Smart Fixed-return Digital Plan

- ![benefits](https://www.maxlifeinsurance.com/static-page/assets/homepage/rupee-icon-pcp.svg)

Get Returns in just 5 years

- ![benefits](https://www.maxlifeinsurance.com/static-page/assets/homepage/umbrella-icon-pcp.svg)

Get Life Cover


![banner2-desktop-rohit.webp](https://www.maxlifeinsurance.com/static-page/assets/homepage/banner2_desktop_rohit_93098194e6.webp)

## Maximise Your Savings With Max Life Investment Plans

Your Name

Date of Birth

Are you an NRI

No

Yes

Residence Country

Select Country

+971![chevron_down_navigate_7dd1121f7c](https://www.maxlifeinsurance.com/static-page/assets/homepage/chevron_down_navigate_7dd1121f7c.webp)

Phone Number

![we_dont_spam_2_d4af8fb993](/static-page/assets/homepage/we_dont_spam_2_d4af8fb993.webp)

Email

Annual Income (Lakhs)

<3

3 - 5

5 - 7

7 - 10

>10

I've read and accepted all [Terms and Conditions](/content/dam/neo/pdf/TermsAndConditions_Common_2017%2011%2014a.pdf). I authorize Max Life Insurance to contact me via SMS/Email/Phone/WhatsApp/Facebook or any other modes overriding my 'DND'.

\*T&C Apply.
For more details, terms and conditions please refer to the end of this page in the disclaimers section.

Send me updates on  WhatsApp

Check Returns

\*

**Disclaimer**

Applicable for Titanium variant of Max Life Smart Fixed-return Digital (Premium payment of 5 years, Policy term of 10 years) and a healthy male of 18 years old paying Rs. 30,000/- monthly (exclusive of all applicable taxes)

## [View in (हिन्दी)](/hindi/investment-plans/savings-and-income-plans)

![avatar-image](https://www.maxlifeinsurance.com/static-page/assets/homepage/abhishek_avatar_cef9e833cf_33950b9b33.webp)

Written by

Abhishek Chakravarti:

Reviewed by

Sahil Rawal

![avatar-image](https://www.maxlifeinsurance.com/static-page/assets/homepage/abhishek_avatar_cef9e833cf_33950b9b33.webp)

Abhishek Chakravarti

BFSI Writer

Abhishek is a financial writer with over 6 years of experience in the BFSI sector. Prior to his current stint with Max Life Insurance, he has worked with leading fintech startups. He specializes in writing about taxation and various investment products like ULIPs, retirement plans, guaranteed investment plans, mutual funds etc.

![avatar-image](https://www.maxlifeinsurance.com/static-page/assets/homepage/sahil_rawal_avatar_b109ccaefe_20efc21d40.webp)

Sahil Rawal

BFSI Expert

Sahil Rawal is a digital & brand management specialist with over 10 years of experience in Financial Services Industry. Life insurance professional with expertise in digital marketing strategy, website content marketing and brand communication designed to increase brand awareness, drive engagement & sales.

## What is Savings Plan?

Even as a child, our parents never stopped teaching us the value of having a long term savings plan. You may remember how, as a child, the best saving plan for you was to collect any spare change in the piggy bank.

Even while growing up, our parents would continuously emphasize on the merits of saving money for the rainy days. The underlying reason behind all these habits is the importance of having disciplined savings throughout life. Saving & Investment Plans can help you get onboard the savings train by building a corpus, create a stable source income, and secure the financial future of your loved ones, even in your absence.

## Why Do You Need Savings Plan?

Most of us think of money as something that should be preserved for the future, and there is appropriate reasoning behind this thinking. Generally, the Indian population places a high value on security, which is why it makes sense that we begin saving money now to plan for financial stability and security in the future.

A reliable way to do that is by putting your money into saving schemes. The saving plan in India will help you cover everything, including financial and medical emergencies and post-retirement life. It can serve as the foundation of your future, if you invest in the best saving scheme and help you achieve true long-term stability.

Furthermore, you may need a financial contingency plan more than the next person unless you work for the government. Since the job market today is volatile, the reassurance of a savings plan can make a significant difference in your financial planning.

![why_savings_plan_d6a287b47e_1_1bff63f5fd](https://www.maxlifeinsurance.com/static-page/assets/homepage/why_savings_plan_d6a287b47e_1_1bff63f5fd.webp)

## Importance of buying a Saving Plan

While some of your objectives may depend on your abilities rather than financial resources, others need the support of sufficient funds. For example, the best savings plan can help you provide for your child’s higher education or marriage expenses.

Here are a few additional reasons why it's important to focus on savings scheme:

![why_buy_savings_plan_e477c54446_9a08bb8f87](https://www.maxlifeinsurance.com/static-page/assets/homepage/why_buy_savings_plan_e477c54446_9a08bb8f87.webp)

### 1\. Systematic Savings

Aside from the substantial returns, one of the essential advantages of a savings plan is that it instils in a person the discipline of saving. The best saving scheme helps people to develop a habit of saving, specifically, a practice of systematic and disciplined saving.

### 2\. Flexibility

Everyone is unique and has their own set of goals and aspirations. As a result, while selecting the best savings scheme, you must consider the flexibility of a savings plan and select a tailored plan based on an individual's future goals and risk tolerance.

### 3\. Liquidity

In the event of an emergency, regardless of the premium-payment or policy duration, you can withdraw funds totally or partially from your savings scheme after the five-year lock-in period. This may depend on the specific policy terms and conditions, so remember to check it before purchasing a savings scheme.

## How to Choose the Best Saving Plan?

To choose one of the best saving insurance plans in India, it is advisable that you first identify your goals – both short and long-term, while keeping in mind your current liabilities, savings, and family’s financial requirements.

Here are a few things that will help you compare and choose the best saving plan for your loved ones –

- Review and compare different plan features and benefits to choosing one that aligns with your future needs
- Check whether the savings plans offer flexibility to withdraw money in case of any emergency needs
- Look for different rider options to avail of additional benefits and maximize policy coverage
- Use a [savings and income calculator](/insurance-calculators/savings-advantage-plan-calculator) to determine the ideal coverage and premium payable towards the savings plan

## How to buy Savings Plan in India?

Investing your money in a savings scheme is only the first step toward a prosperous future. The second but equally important factor in determining the success of your investment and financial goals is proper savings planning. It can be difficult to choose the right long-term savings scheme.

However, if you know what you want, finding the best savings plan in India becomes easier:

![how_buy_savings_01b056b128_2ffe842d0b](https://www.maxlifeinsurance.com/static-page/assets/homepage/how_buy_savings_01b056b128_2ffe842d0b.webp)

### 1\. Online Availability

Online savings schemes have simplified investments considerably, especially for the modern investor. It is time-saving, seamless and allows you to find the relevant information with just a few clicks. You can also manage your money better by keeping track of the savings scheme online.

### 2\. Tax Saving Opportunities

When it comes to long-term investments like saving schemes, your tax-saving position is also crucial, as tax responsibilities can eat into your return. In your long-term savings plan, you should aim for investments and maturity value that allows tax deductions or exemptions. Tax benefits are as per prevailing tax laws subject to change.

### 3\. Investment Terms

The investment terms of the savings scheme make it effective regardless of your income frequency. You should look for a favourable investment period and mode (monthly, quarterly, half-yearly or annually) to put your money in the best saving plan in India.

## Why Choose a Savings Plan by Max Life Insurance?

Max Life Insurance offers a variety of savings schemes with comprehensive protection and wealth-growth opportunities. Whether you are looking for the best savings plan in India to finance your long-term or short-term goals, you can find a policy suitable to your needs.

The plans are specifically designed to help you deal with life’s uncertainties by keeping a disciplined savings habit. Besides, you can plan for milestone events in life with the help of the best savings schemes while enjoying the life cover.

Most importantly, since each individual has unique financial needs, there are savings schemes with varying features which can suit individual needs more appropriately.

## How Long Should You Invest in a Savings Plan?

The duration of your investment in a savings scheme would depend on the objective behind the investment – whether it is to fulfil long-term or short-term financial goals. Consider what you are investing for and how liquid or accessible you need your money before deciding on a short- or long-term investment.

Establishing a timeline can be useful in this process. For example, a savings scheme to fund your child’s higher education, a dream trip to another country, or simply save up for retirement.

## Factors Affecting Savings Plan Premium

You have the option of paying premiums for your savings scheme over time or all at once, depending on the policy terms. These options are available to make the savings scheme more aligned with the diverse financial profiles of policy buyers.

Some factors affect the premium rate of a savings scheme that you should know:

### 1\. Policy Duration

The policy duration of your savings plan affects the premium rates of the savings scheme, depending on whether they are short-term or long-term.

### 2\. Nature of Income Source

Insurers will inquire about your job history when you apply for life insurance. If you work in a job that exposes you to greater risks, your savings scheme premiums may be higher since it also includes life security.

### 3\. Investment Goals

An investor chooses the best saving scheme, depending on the purpose behind the investment. This also means the premium rates for the savings scheme will be affected by it.

### 4\. Health History

Insurance providers may need a medical exam and access to your medical data. Your premiums are likely to rise if you have a history of medical issues, particularly major ones like heart disease or cancer.

## Benefits of Savings Insurance Plan

Saving insurance plans in India offer the following benefits:

![benefits_savings_plan_7984a358e5_32910b15b6](https://www.maxlifeinsurance.com/static-page/assets/homepage/benefits_savings_plan_7984a358e5_32910b15b6.webp)

- Long term wealth accumulation
- Financial protection throughout the life
- Guaranteed payouts to support your life goals
- Tax saving benefits4
- Life insurance protection for family

## Features of Saving Insurance Plans

Saving plans offer a variety of features that can help you fulfil your goals. Here are some highlights of saving plans that you must consider before choosing the right savings plan for your family:

![features_savings_plan_5070c8399d_b66e8d192e](https://www.maxlifeinsurance.com/static-page/assets/homepage/features_savings_plan_5070c8399d_b66e8d192e.webp)

### 1\. Entry Age and Policy Tenure

Saving Plans usually offer a wider entry age bracket while providing options to customise the investment tenure or policy term according to your needs. The entry age helps determine your risk appetite (as the policyholder), which in turn, will help you personalise the savings based on your risk profile.

Furthermore, you can modify the policy term and investment tenure as per plan options (between mid- to long-term investments) to allow accumulation of significant corpus throughout the policy tenure.

### 2\. Life Cover and Rider Options'

By choosing the suitable saving plan for your family, you can leverage the dual benefits of guaranteed benefit and life insurance coverage or market linked return+ life Insurance coverage. You can add different riders or add-ons to avail of more comprehensive policy benefits. These riders, along with the significant life cover help enhance the financial protection under the policy against accidental death, life-threatening ailments, and disability.

### 3\. Tax Benefits

Saving plans also work as excellent tax saving instruments. The premium amount up to Rs. 1.5 lakh that you pay towards most life insurance savings plans is tax-deductible under [Section 80C](https://www.incometaxindia.gov.in/Pages/tools/deduction-under-section-80c.aspx) of the Indian Income Tax Act, 1961.

On the other hand, the maturity and death benefits offered under the savings plans are also tax-exempt under Section 10(10D) of the Indian Income Tax Act, 1961, thus, helping to maximise your tax savings.

Tax benefits as pre prevailing tax laws subject to change.

## Types of Savings plans

Different types of savings and income plans include:

![howBuySavings-img](https://www.maxlifeinsurance.com/static-page/assets/homepage/tick_a2b9cfa3ac.png)

Monthly Income Plans

![howBuySavings-img](https://www.maxlifeinsurance.com/static-page/assets/homepage/tick_a2b9cfa3ac.png)

Money-Back Plans

![howBuySavings-img](https://www.maxlifeinsurance.com/static-page/assets/homepage/tick_a2b9cfa3ac.png)

Endowment Plans

![howBuySavings-img](https://www.maxlifeinsurance.com/static-page/assets/homepage/tick_a2b9cfa3ac.png)

Unit Linked Insurance Plan (ULIPs)

![howBuySavings-img](https://www.maxlifeinsurance.com/static-page/assets/homepage/tick_a2b9cfa3ac.png)

National Savings Certificate (NSC)

![howBuySavings-img](https://www.maxlifeinsurance.com/static-page/assets/homepage/tick_a2b9cfa3ac.png)

National Savings Scheme (NSS)

![howBuySavings-img](https://www.maxlifeinsurance.com/static-page/assets/homepage/tick_a2b9cfa3ac.png)

Public Provident Fund (PPF)

![howBuySavings-img](https://www.maxlifeinsurance.com/static-page/assets/homepage/tick_a2b9cfa3ac.png)

Post Office Savings Scheme

![howBuySavings-img](https://www.maxlifeinsurance.com/static-page/assets/homepage/tick_a2b9cfa3ac.png)

Senior Citizen Savings Scheme (SCSS)

![howBuySavings-img](https://www.maxlifeinsurance.com/static-page/assets/homepage/tick_a2b9cfa3ac.png)

Sukanya Samriddhi Yojana (SSY)

![howBuySavings-img](https://www.maxlifeinsurance.com/static-page/assets/homepage/tick_a2b9cfa3ac.png)

Atal Pension Yojana

![howBuySavings-img](https://www.maxlifeinsurance.com/static-page/assets/homepage/tick_a2b9cfa3ac.png)

Employee Provident Fund (EPF)

![howBuySavings-img](https://www.maxlifeinsurance.com/static-page/assets/homepage/tick_a2b9cfa3ac.png)

National Pension System (NPS)

![howBuySavings-img](https://www.maxlifeinsurance.com/static-page/assets/homepage/tick_a2b9cfa3ac.png)

Kisan Vikas Patra

## Which Max Life Savings Insurance Plans Might Suit You?

At Max Life Insurance, you can choose from the following savings and income insurance plans:

1. [Max Life Savings Advantage Plan](/savings-and-income-plans/savings-advantage-plan)

(A Non-Linked Participating Individual Life Insurance Savings Plan, UIN: 104N111V02) helps accelerate the growth of disciplined savings so that you can build a substantial corpus to support your life goals. At the same time, the plan provides life insurance protection to your loved ones against all contingencies.

Max Life Savings Advantage Plan offers the following features and benefits –

- Flexible-Premium Payment Tenure and Policy Term
- Partly guaranteed payment of the lump sum amount on the maturity
- Tax savings under Section 80C and Section 10(10D) (as per existing tax laws)
- Life insurance protection for your loved ones

2. [Max Life Monthly Income Advantage Plan](/savings-and-income-plans/monthly-income-advantage-plan)

(A Non-Linked Participating Individual Life Insurance Savings Plan, UIN: 104N091V06) helps keep your family financially secure in the wake of life’s uncertainties. This way, you are not hard-pressed to worry about meeting commitments towards your loved ones.

Max Life Monthly Income Advantage Plan offers the following features and benefits –

- Monthly income for up to 30 years after completion of premium payment tenure
- Accrued bonuses including Terminal Bonus on maturity
- Insurance cover payable to your family as a death benefit in case of your untimely demise

3. [Max Life Whole Life Super](/savings-and-income-plans/whole-life-super)

(A Non-Linked Participating Individual Life Insurance Savings Plan. UIN - 104N080V04) is the best saving plan to help you build a corpus through systematic investments. You can avail of a life cover under this plan while benefiting from additional company bonuses till you are 100 years old.

Max Life Guaranteed Income Plan offers the following features and benefits –

- Life insurance coverage till 110 years of age
- Guaranteed payouts upon maturity with company bonuses
- Flexibility to withdraw money

4. [Max Life Assured Wealth Plan](/savings-and-income-plans/max-life-assured-wealth-plan)

(A Non-Linked Non Participating Individual Life Insurance Savings Plan UIN: 104N096V04) is a savings and income plan that can help you support your life goals financially. Be it retirement, or supporting your child’s higher education, the plan will provide guaranteed assurance.

Max Life Assured Wealth Plan offers the following features and benefits –

- Guaranteed lump sum benefit payout upon maturity
- Flexible Policy Term and Premium Payment Options
- Immediate payment of lumpsum death upon the demise of the life insured

**Note:** Guaranteed or non-guaranteed benefits are applicable only if all due premiums are paid.

## Savings Plan - FAQs

![search](/static-page/assets/homepage/search_3f424f3a01.webp)

### How much should be my expected saving at the age of 25?

By the age of 25 years, you must try to save up to 25% per cent\[1\] of your gross income (before taxes and deductions). For example, if you are earning Rs. 5 lakh per annum by the age of 25, you must save up to Rs. 1.25 lakh in savings each year, which can be used to invest in different savings plans based on your preferences and requirements.

### How much does the average person have in savings ?

Ideally, an average person must try to save as much as their age. In other words, individuals must save the same percentage of their gross annual income as their age – a 25-year-old working professional must save at least 25% of his or her yearly salary, while a 40-year-old must save at least 40% of his or her income.

As your age increases, you must work towards increasing your savings, so that you have adequate financial backup to support your life goals and suffice your life after retirement.

### How much money should I save before investing?

As a working professional, it is crucial that you balance your savings and investments. At the same time, you may choose to invest in a savings plan that offers both insurance cover and market-linked returns on investments or guaranteed return. At the same time, you must have enough savings to manage any emergencies and pay for short-term goals.

Ideally, you must have between three to 12 months of income as savings before you venture out to invest in higher-risk financial instruments.

### Which savings scheme is best?

You can choose from the different savings Insurance plans available by comparing their features, benefits, year-on-year returns, and your financial risk appetite. Accordingly, you can select the best savings plan that aligns with your goals and premium payment capabilities.

### How to choose the best saving Insurance plan for your needs?

You must keep the following points in mind while choosing the best saving plan for your family

a. Segregate your goals into short-term and long-term

b. Determine your total spending and savings (after considering all exiting expenses and debts)

c. Review and compare different savings plans available online

d. Choose a savings plan that offers maximal life insurance protection in term of lumpsum Sum Assured

e. Review the year-on-year performance of the savings plan to determine how returns are accrued on the same

### What are saving plans?

Savings plans are mostly financial instruments that help you secure your long-term and short-term goals financially. You invest a certain amount towards a savings plan, which is then allocated into different money-market instruments to earn returns and grow your savings corpus.

Savings and income insurance plans from Max Life Insurance are life insurance products that provide opportunities to grow your savings through market-linked returns while protecting your loved ones against life’s uncertainties with insurance protection.

### How to save tax by using saving insurance plans?

Savings and income plans offer significant tax saving benefits4 under [Section 80C](https://www.incometaxindia.gov.in/Pages/tools/deduction-under-section-80c.aspx) of the Income Tax Act 1961. Accordingly, the premium amount that you pay towards the saving plan is eligible for deduction from your total taxable income, up to Rs. 1.5 lakh.

In other words, you can reduce your total taxable salary by up to Rs 1.5 lakh that you invest as premium towards a savings plan.

### Who should invest in Saving Plans?

Purchasing a savings plan is the right decision for you if you are a:

a. Young investor

b. Recently married

c. Young parent with children

d. Nearing retirement

### How do I get started with a long term saving plan?

Here is how you can start on your journey of long term financial security with a savings plan:

a. Review and compare the features and benefits of different savings Insurance plans available online

b. Opt for the maximum policy tenure and policy benefits based on your requirements

c. Set up automatic premium payments using the ECS (Electronic Clearing Service)

d. Establish savings buckets depending upon your goals and investment tenures

### What is the Meaning of Partial Withdrawal?

Partial withdrawal is the feature offered in some savings schemes, where the investor can encash/withdraw any part of the fund during the policy term. This feature is available as policy terms and conditions.

### Which Saving Investment is best to start with, long term or short term?

Long-term investments allow you to expand your portfolio and achieve your objectives over several years. Short-term investments are intended for goals with shorter timelines, giving the investor access to the funds sooner. You can choose the savings scheme with a duration, depending on the timeline of expected returns.

### Does Saving Investment Help In Immediate Financial Challenge?

If you are looking for savings scheme that can help you with immediate financial challenges, going for short-term plans can be helpful. Although, short-term savings schemes normally provide return over time, they are highly liquid investments that allow investors to make money rapidly if needed.

### What Are the Best Saving Schemes With High-Interest Rate?

Some of the best saving schemes in India are the Personal Provident Fund(PPF), Senior Citizen Savings Scheme, National Savings Certificate, etc.

The above mentioned name of generic saving plans and saving life insurance plan are assumed examples.

ARN: PCP/SP/070624

\*#Guaranteed benefits are applicable if all due premiums are paid.

Sources:

www.nsiindia.gov.in/InternalPage.aspx?Id\_Pk=89

www.nsiindia.gov.in/InternalPage.aspx?Id\_Pk=55

www.indiapost.gov.in/Financial/pages/content/post-office-saving-schemes.aspx

www.nsiindia.gov.in/InternalPage.aspx?Id\_Pk=134

www.incometaxindia.gov.in/Pages/tools/deduction-under-section-80c.aspx

www.rbi.org.in/Scripts/NotificationUser.aspx?Id=11865&Mode=0

www.rbi.org.in/Scripts/FAQView.aspx?Id=79

## Choose a Max Life Savings & Income Plan

- Max Life Smart Wealth Plan





















Flexibility to choose from 4 plan options



























Guaranteed benefits as lumpsum or as regular income



























Guaranteed income for a fixed term of 25 or 30 years with long term income option









[Know more](/investment-plans/smart-wealth-plan)

- Max Life Savings Advantage Plan





















Be flexibile to choose policy duration that matches your life goals



























Get lumpsum amount on maturity that is partly guaranteed



























Save tax under section 80 C and Section 10(10D) as per prevailing tax laws









[Know more](/savings-and-income-plans/savings-advantage-plan)

- Max Life Monthly Income Advantage Plan





















Lumpsum benefit on maturity



























Guaranteed monthly income for 10 years after premium payment term



























Policy continues for family even in case of death of policyholder









[Know more](/savings-and-income-plans/monthly-income-advantage-plan)

- Max Life Whole Life Super





















Get complete protection until the age of 100 years



























Preserve a corpus for your family’s secured future



























Lumpsum payout at the age of 100 years









[Know more](/savings-and-income-plans/whole-life-super)

- Max Life Assured Wealth Plan





















Get guaranteed lump sum maturity benefit to meet your savings goals



























Flexible Premium Payment and Policy Term Options to help build wealth by saving systematically



























Lump sum death benefit is paid immediately on death of Life Insured









[Know more](/savings-and-income-plans/max-life-assured-wealth-plan)


## Check out the different Online Insurance Plans from Max Life!

- Max Life Smart Term Plan





















Financial protection against serious illnesses such as kidney failure, cancer, and heart attacks



























Flexibility to select the best premium payment alternatives based on your income and budget



























Having life insurance and the possibility to have the payments repaid as a survival benefit









[Know more](/term-insurance-plans/smart-term-plan)

- Max Life Online Savings Plan





















Comprehensive death benefit throughout the duration of the insurance, together with money saving for different life goals



























For policyholders, monthly payments, earned bonuses, and customisable fund choices are available with no additional fees



























The freedom to select an insurance term of up to 85 years, a term for paying the premiums, and payouts that meet your demands









[Know more](/investment-plans/investment-calculator)

- Max Life Cancer Insurance Plan





















A comprehensive cancer insurance policy that pays out at all stages of the disease



























If there are no claims for the first five years, receive a 10% increase in the initial sum insured



























20% of the Sum Insured: Early-Stage Diagnosis Premium Waiver



























Annual income for five years in main stage diagnosis with lump sum payout



























Tax benefit under section 80D, as per prevailing tax laws









[Know more](/health-insurance-plans/cancer-insurance-plan)

- Max Life Smart Wealth Plan





















Comprehensive death benefit for your family member(s) in case of your unfortunate demise during policy term



























Guaranteed maturity benefits/Income benefit and accrued guaranteed additions to help meet your life goals



























Multiple variants - lump sum, short term income, long term income, and whole life income with unique benefits









[Know more](/investment-plans/smart-wealth-plan)

- Long-Term Income





















Guaranteed income benefit for 25 or 30 years after the policy period ends, as per the sub variant selected



























Terminal benefit that equals total premiums paid, post completion of the payout period payable to nominee



























Two premium payment options - 6 and 10 years to be chosen as per suitability of the plan for your needs









[Know more](/investment-plans/smart-wealth-plan)

- Term Plan with Return of Income





















Option to receive the premiums paid back on successful survival of the insured till end of policy term



























Death benefits for your family members in case of any eventuality leading to the loss of your life



























Limited pay options to pay for term plans with return of premium – 5 Pay, 10 Pay, 12 Pay, 15 Pay, or 60 Pay









[Know more](/investment-plans/smart-wealth-plan)

- Max Life Critical Illness and Disability Rider





















Option to receive the premiums paid back on successful survival of the insured till end of policy term



























Death benefits for your family members in case of any eventuality leading to the loss of your life



























Limited pay options to pay for term plans with return of premium – 5 Pay, 10 Pay, 12 Pay, 15 Pay, or 60 Pay









[Know more](/investment-plans/smart-wealth-plan)

- Max Life Waiver of Premium Plus Rider





















Waiver of all future premiums in case of the covered dismemberment so that you can live worry-free



























Future premiums waiver in case you suffer from critical illnesses as specified in the rider terms



























Continued benefits of the base policy to give you peace of mind about maintaining various life expenses









[Know more](/investment-plans/smart-wealth-plan)

- Max Life Smart Fixed-return Digital Plan





















Returns in just 5 year



























Tax-Free## Fixed Returns up to 6.27%^\*



























Tax savings up to Rs. 46,800## u/s 80C









[Know more](/investment-plans/smart-fd-plan)


## Customer Reviews

#### Savings and Income Plan

“I came across Max Life Savings Plan a few years ago when I was researching the market for savings options. I invested in the policy soon after. The plan suits my exact requirements in terms of meeting my savings goals, sufficient life coverage, and maturity benefits.”

Mr. Pal, 35 years

#### Savings and Income Plan

“My husband had invested in Max Life on the recommendation of his friend. Our family expenses were totally dependent on this insurance fund for several years after his death. I must say that this insurance provided a huge support to my family during the difficult times.”

Mrs. Kapoor, 38 years

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[More Resourceful Articles](https://www.maxlifeinsurance.com/blog/investments)

## Why Choose Max Life?

![percentage_icon_a2ec4ab62e](https://www.maxlifeinsurance.com/static-page/assets/homepage/percentage_icon_a2ec4ab62e.svg)

#### 99.65% Claims Paid Percentage

(Source: Individual Death Claim Paid Ratio as per Audited Financials for FY 2023-2024)

![homedot-icon](https://www.maxlifeinsurance.com/static-page/assets/homepage/homedot-icon.svg)

#### 269 Offices

(Source: As reported to IRDAI, FY 2022-23)

![award_icon_ec544d0e80](https://www.maxlifeinsurance.com/static-page/assets/homepage/award_icon_ec544d0e80.svg)

#### ₹1,779,409 Cr. Sum Assured

In force (individual) (Source: Max Life Public Disclosure, FY 2023-24)

![aim-icon](https://www.maxlifeinsurance.com/static-page/assets/homepage/aim-icon.svg)

#### ₹122,857 Cr. Assets Managed

(Source: Max Life Public Disclosure, FY 2022-23)

![StickyImage](https://www.maxlifeinsurance.com/corp-static/images/sticky-savings.png)

## ₹10K per month invested since 2004 would have been ₹3.92 Cr.\* Now!

![img](https://www.maxlifeinsurance.com/static-page/assets/homepage/calculator-banner-tick-icon.svg)

100% Guaranteed returns\*#

![img](https://www.maxlifeinsurance.com/static-page/assets/homepage/calculator-banner-tick-icon.svg)

Save tax up to Rs. 46,800##

Check Returns

₹10K per month invested since 2004 would have been ₹3.92 Cr.\* Now!

Check Returns

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- [Max Life UL Life Dynamic Bond Fund](/investment-plans/max-life-ul-life-dynamic-bond-fund)
- [Max Life Midcap Momentum Index Fund](/investment-plans/max-life-midcap-momentum-index-fund)
- [Income Tax Slab 2024-25](/blog/tax-savings/income-tax-slab-2024-25)
- [Nifty 500 momentum 50 fund](/investment-plans/max-life-nifty-500-momentum-50-fund)

About Max Life

- [Why Max Life](/about-us/why-max-life)
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- [IRDAI Consumer Education Website](http://www.policyholder.gov.in/)
- [Agent Suspended & T.](/content/dam/neo/pdf/agent-listing/IRDAI-Database-Terminated-Agents-Data%20Apr24.xlsx)
- [Do Not Disturb](/do-not-disturb)
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- [Bima Bharosa](https://bimabharosa.irdai.gov.in/Home/Home)
- [Unclaimed Amount](/customer-service/unclaimed-amount)
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- [Sitemap](/sitemap)
- [UW Approach & Philosophy](/content/dam/corporate/pdfs/IRDAI-circular-Ver2.0.pdf)

### Group Sites

- [MAX INDIA](https://www.maxindia.com/)
- [MAX FINANCIAL SERVICES](https://www.maxfinancialservices.com/)
- [ANTARA SENIOR LIVING](https://www.antaraseniorcare.com/)
- [MAX LIFE PENSION FUND MANAGEMENT](https://www.maxlifepensionfund.com/)

BEWARE OF SPURIOUS PHONE CALLS AND FICTITIOUS/FRAUDULENT OFFERS

IRDAI clarifies to public that:

- • IRDAI is not involved in activities like selling insurance policies, announcing

bonus or investment of premiums.
- • Public receiving such phone calls are requested to lodge a police complaint.

IRDAI - Registration No. 104. ARN/Web/01/21042021 Category: Life. Validity: Valid.

Corporate Identity Number (CIN):U74899PB2000PLC045626.

Corporate Office: Max Life Insurance Co. Ltd. 11th Floor, DLF Square, Building, Jacaranda Marg, DLF Phase 2, Sector 25, Gurugram, Shahpur, Haryana 122002

Trade logo displayed belongs to Max Financial Services Ltd. and [Axis Bank Ltd](https://www.axisbank.com/) .respectively and with their consents, are used by Max Life Insurance Co. Ltd

### DISCLAIMERS

Max Life Insurance Company Limited is a Joint Venture between Max Financial Services Limited and Axis Bank
Limited.

Corporate Office : Max Life Insurance Co. Ltd. 11th Floor, DLF Square Building, Jacaranda Marg, DLF
City Phase II, Gurugram (Haryana) - 122002.

Operation Center : Max Life Insurance Co. Ltd, Plot No. 90C, Udyog Vihar, Sector 18, Gurugram
(Haryana) - 122015.

Customer Helpline: 1860 120 5577 (9:00 A.M to 6:00 P.M Monday to Saturday) \* Call charges apply.

Online Helpline - 0124 648 8900 (09:00 AM to 09:00 PM Monday to Saturday).

Fax Number:0124-4159397.

Email ids: service.helpdesk@maxlifeinsurance.com

Website: www.maxlifeinsurance.com

Max Life Insurance is integrated with licensed NBFC FinVu (Cookiejar Technologies Pvt. Ltd. for sharing policy
details with regulated Financial Information Users within the Account Aggregator ecosystem after obtaining the
Policy holder's consent. Read more about Account Aggregator framework [here](https://m.rbi.org.in//Scripts/BS_ViewMasDirections.aspx?id=10598).

\*Life insurance coverage is available in this product. For more details on risk factors, Terms and Conditions
please read the prospectus carefully before concluding a sale. You may be entitled to certain applicable tax
benefits on your premiums and policy benefits. Please note all the tax benefits are subject to tax laws
prevailing at the time of payment of premium or receipt of benefits by you. Tax benefits are subject to changes
in tax laws. Trade logo displayed belongs to Max Financial Services Ltd. and Axis Bank Ltd. respectively and
with their consents, are used by Max Life Insurance Co.

Insurance is the subject matter of solicitation. For more details on the risk factors, Terms and Conditions,
please read the sales and rider prospectus carefully before concluding a sale. Tax benefits are eligible for tax
exemption on fulfilling conditions mentioned under Section 10(10D) of income tax act 1961. Tax exemptions are as
per our understanding of law and as per prevailing provisions of income tax at 1961. Policy holders are advised
to consult tax expert for better clarification /interpretation. Please note that all the tax benefits are
subject to tax laws at the time of payment of premium or receipt of policy benefits by you. Tax benefits are
subject to changes in tax laws. The monthly Income Benefit and Terminal Benefit may be taxable subject to extra
premium being loaded at underwriting stage.

Disclaimers for Market Linked Plans & Saving plans:

**THE UNIT LINKED INSURANCE PRODUCTS DO NOT OFFER ANY LIQUIDITY DURING THE FIRST FIVE YEARS OF THE CONTRACT. THE**
**POLICYHOLDER WILL NOT BE ABLE TO SURRENDER/WITHDRAW THE MONIES INVESTED IN LINKED INSURANCE PRODUCTS COMPLETELY**
**OR PARTIALLY TILL THE END OF FIFTH YEAR.**

Unit Linked Insurance Products (ULIPs) are different from the traditional insurance products and are subject to the
risk factors. The premium paid in the Unit Linked Life Insurance Policies is subject to investment risks associated
with capital markets and the NAVs of the units may go up or down based on the performance of fund and factors
influencing the capital market and the insured is responsible for his/her decisions. Max Life Insurance is only the
name of the insurance company and Max Life Online Savings Plan (UIN: 104L098V06) is only the name of the unit linked
life insurance contract and does not in any way indicate the quality of the contract, its future prospects or
returns. Please know the associated risks and the applicable charges from your Insurance agent or the Intermediary
or policy document of the insurer. The various funds offered under this contract are the names of the funds and do
not in any 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 Plan (UIN: 104L098V06)

\*#Some benefits are guaranteed and some benefits are variable with returns based on the future performance of your
Insurer carrying on life insurance business. The assumed rates of return (4% p.a. and 8% p.a.) shown in the
illustrative example are not guaranteed and they are not the upper or lower limits of what you might get back as the
value of your Policy depends on a number of factors including future investment performance. The guaranteed and
non-guaranteed benefits are applicable only if all due premiums are paid. The Maturity Benefit shown in the
illustrative example are inclusive/exclusive of taxes.

Privacy Policy

^^On completion of policy term

The savings indicated is the maximum premium difference as compared with offline plan & depends on the variant
purchased.

Claims for policies completed 3 continuous years. All mandatory documents should be submitted before 3:00pm on a
working day. Claim amount on all eligible policies4 is less than Rs. 1 Crore. Claim does not warrant any field
verification. Mandatory Documents:> Original policy document > Original/attested copy of death certificate
issued by local municipal authority > Death claim application form (Form A) > NEFT mandate form attested by
bank authorities along with a cancelled cheque or bank account passbook along with nominee’s photo identity proof
\> Discharge/Death summary attested by hospital authorities or FIR & Post Mortem Report/viscera report (in
case of accidental death)

1The 5% employee discount will be refunded to you once your policy is issued. Submit your documents
for getting your policy issued and get 5% employee discount

2Total premium will be charged at the time of the policy issuance (subject to underwriting’s
decision).

3The discount is applicable if you are a salaried employee with a corporate. During policy issuance,
Max Life may call for proof of employment if required. In case proposer when asked is not able to prove the
employment part, discount offer will be discontinued and additional premium as applicable will have to be paid
for processing of the case.

4InstaClaim TM is available for all versions of (UIN: 104N118V09). Mandatory Documents: • Original
policy document • Original/attested copy of death certificate issued by local municipal authority • Death claim
application form (Form A) • NEFT mandate form attested by bank authorities along with a cancelled cheque or bank
account passbook along with nominee’s photo identity proof • Discharge/Death summary attested by hospital
authorities or FIR & Post Mortem Report/viscera report (in case of accidental death)

5Criteria applicable only for “Term plans” for Graduate, Indian resident with declared income >=
10 lacs with CIBIL score >= 650 (salaried) and >= 700 (self-employed) with no disclosed medical
condition

6The life insurer is eligible for a discount on renewal premium under regular pay variant by accumulating Healthy
Weeks as per terms and conditions of the rider

7Available with Max Life Smart Wealth Plan (UIN: 104N116V12)

8Available with Max Life Smart Fixed-return Digital Plan (UIN: 104N123V05). The
guaranteed benefits are available with selected life insurance plans & are applicable if all due premiums are
paid.

9The percentage savings is for a regular pay Max Life Smart Secure Plus Plan
(A Non Linked Non Participating Individual Pure Risk Premium Life Insurance Plan, UIN: 104N118V09)– Life Option
for 1 cr life cover for a 35 year old, non-smoker male for a policy term of 40 years vs a 10 year policy term with
the same details’

**##Tax conditions :**

##Save 46,800 on taxes if the insurance premium amount is Rs.1.5 lakh per annum and you are a Regular
Individual, Fall under 30% income tax slab having taxable income less than Rs. 50 lakh and Opt for Old tax regime
~# Save 54,600 on taxes if the insurance premium amount is Rs.1.5 lakh per annum for life cover and
25,000 for critical illness cover and you are a Regular Individual, Fall under 30% income tax slab having taxable
income less than Rs. 50 lakh and Opt for Old tax regime.

CI Rider disclaimers:

MAX LIFE CRITICAL ILLNESS AND DISABILITY RIDER (UIN: 104B033V01) available as a rider on payment of additional
premium.

>Extended cover of up to 85 years is available with gold and platinum variant only

@64 critical illnesses covered in platinum and platinum plus variant on payment

22 critical illnesses covered in gold and gold plus variant

\*^Total premiums paid inclusive of any extra premium but exclusive of all applicable taxes, cesses or levies and
modal extra. Return of premium option is available on payment of additional premium.

**~ Conditions for premium break:** Available at an additional premium for policies with policy term
greater than 30 years and premium payment term greater than 21 years. Option to skip paying premium for 12 months. 2
premium breaks will be available during the premium payment term separated by an interval of at least 10 years

**~1 Conditions for Special exit value:**

Option to receive all premiums paid back, at a specified point in the term of the policy (free of cost). Available
when Return of Premium variant is not chosen. No additional premium to be paid.

**~2 Voluntary Top-up Sum assured:**

Option to double your insurance cover, basis underwriting, at the time of your need by increasing your sum assured up
to an additional 100% of base sum assured, chosen at inception

^^\*^^Free look period conditions:

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, where if the policyholder disagrees to any of those terms or conditions, he / she has the
option to return the Policy stating the reasons for his objections. The policyholder shall be entitled to a refund
of the premiums paid, subject only to deduction of a proportionate risk premium for the period of cover and the
expenses incurred by the company on medical examination of the lives insured and stamp duty charges.

^Individual Death Claim Paid Ratio as per audited financials for FY 2023-2024

@3Tax benefits as per prevailing tax laws, subject to change

Terms and conditions for availing 5% employee discount:

<Due to system constraints, employee is requested to select 5 Lakh and above income which can be
changed to actual amount on the information page.

ARN - ARN/Web/01/21042021

Past performance of the investment funds do not indicate the future performance of the same. Investors in the Scheme
are not being offered any guaranteed / assured returns. The premiums & funds are subject to certain charges related
to the fund or to the premium paid.

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

**For Total Installment Premium -** Total Installment Premium is the Premium payable as per premium paying
frequency chosen, it excludes GST and applicable taxes, cesses or levies, if any; and includes loadings for
modal premiums, Underwriting Extra Premium and Rider Premiums if any.

**For Return of Premium -** ~The Return of Premium Option is available on payment of Additional
Premium. Premium does not include amount paid for riders and is excluding taxes, cesses and levies. Upon
Policyholder's selection of Return of Premium variant this product shall be a Non-Linked Non-Participating
Individual Life Insurance Savings Plan.

**For Riders -**#Applicable Rider available on the payment of Additional Premium is Max Life
Critical Illness and Disability Rider \| Non-Linked Non-Participating Individual Pure Risk Premium Health
Insurance Rider \| UIN: 104B033V01. Critical Illness and Disability Rider variant opted is Platinum Plus which
covers 64 critical Illnesses. The rider cover will only be paid in scenarios where customer is diagnosed with
listed 64 critical illnesses or total and permanent disability. Rider will terminate after major critical
illness claim is paid to the policyholder. In case customer requests for cancellation of rider only, the
solution as a whole will be cancelled and not just the individual rider.

**For Additional Benefits -**##On Payment of Additional Premium. The accident cover will only be
paid in scenarios where death occurs due to accident.

\*~ **Disclaimer** \| Max Life Smart Secure Plus Plan. A non-linked non-participating individual pure risk premium
life insurance plan \|Benefit available with special exit value -Total premium paid inclusive of any extra premium
but exclusive of all applicable taxes, cesses or levies & modal extra. The premium calculated as per Standard
premium for 30 year old healthy male, non-smoker, 40 years policy term, 40 years premium payment term (exclusive of
GST) for Max Life Smart Secure Plus Plan.

##Policy continuance benefit is not available with lifelong
wealth variant. \*\*The accrued income will be accumulated on an annual basis at the prevailing reverse repo rate
(publish on RBI’s website).

#With “Save the date”, you can choose to take your annual income to any
special date in a year.

\*\*\*Available with early wealth variant. Income benefit will be paid as per selected plan terms.

~Accidental death benefit is available in call variants except for Single
premium variant. Life insurance coverage is available in this product.

#~Term Insurance plan bought online directly from Max Life Insurance has no
commissions involved.

~1Max Life Smart Secure Plus Plan, A non-linked non-participating
Individual Pure Risk Premium Life Insurance Plan\| Standard Premium for 30 year old healthy male, non-smoker, 40
years policy term, 40 year premium payment term (exclusive of GST) for Max Life Smart Secure Plus Plan \| ~1
Conditions for special exit value: Option to receive all premiums paid back, at a specified point in the term of
the policy (free of cost). Available when Return of premium variant is not chosen. No additional premium to be
paid. Option to receive all premiums back (exclusive of GST). Flexibility of exiting the plan early. Special
Exit Value cover applicable till age 68 & above (of your age). T&C Apply.

@>Max Life Critical illness and Disability (UIN: 104B033V01) available as a
rider on payment of additional premium. 64 critical illnesses covered in platinum and platinum plus variant on
payment.

\*Available on Payment of Additional Premium. The accident cover will only be
paid in scenarios where death occurs due to accident.

**^1Disclaimer**: Standard premium for 24-year old healthy male, non-smoker, 25 years policy term,25 year premium
payment term (exclusive of GST) for Max Life Smart Total Elite Protection Term Plan (UIN: 104N125V05) with a life cover of **Rs. 50**
**lakh.**

**^2Disclaimer**: Standard premium for 24-year old healthy male, non-smoker, 25 years policy term,25 year premium
payment term (exclusive of GST) for Max Life Smart Total Elite Protection Term Plan (UIN: 104N125V05) with a life cover of **Rs. 75**
**lakh.**

**^3Disclaimer**: Standard premium for 24-year old healthy male, non-smoker, 25 years policy term,25 year premium
payment term (exclusive of GST) for Max Life Smart Total Elite Protection Term Plan (UIN: 104N125V05) with a life cover of **Rs. 1**
**Cr.**

**^4Disclaimer**: Standard premium for 24-year old healthy male, non-smoker, 25 years policy term,25 year premium
payment term (exclusive of GST) for Max Life Smart Total Elite Protection Term Plan (UIN: 104N125V05) with a life cover of **Rs. 1.5**
**Cr.**

**^5Disclaimer**: Standard premium for 24-year old healthy male, non-smoker, 25 years policy term, 25 year premium payment term (exclusive of GST) for Max Life Smart Total Elite Protection Term Plan (UIN: 104N125V05) with a life cover of **Rs. 2 Cr.**

**^6Disclaimer**: Standard premium for 24-year old healthy male, non-smoker, 25 years policy term, 25 year premium payment term (exclusive of GST) for Max Life Smart Total Elite Protection Term Plan (UIN: 104N125V05) with a life cover of **Rs. 5 Cr.**

**Disclaimer** ~\*Standard premium for 24-year old healthy female,non-smoker, 25 years
policy term, 25 year premium payment term (exclusive of GST) for Max Life Smart Total Elite Protection Term Plan (UIN: 104N125V05)

~^ **Disclaimer**: 5 year return (CAGR – Compound Annualised Growth Rate) from Max Life High Growth Fund
(ULIF01311/02/08LIFEHIGHGR104) as on 31/07/2024

^~The assumed rates of return (4% p.a. and 8% p.a.) shown in the illustrative example are not guaranteed and they are
not the upper or lower limits of what you might 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 10 years premium
payment term, and 35 years policy term with 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 Plan. A Non Linked Non Participating Individual Pure Risk Premium
Life Insurance Plan. \| \*\*Standard Premium for 24 Year Old Healthy Female, Non-smoker, 25 Years Policy Term, 25 Year
Premium Payment Term (exclusive of GST) for Max Life Smart Secure Plus Plan. \| For Male, the Total premium to be
paid in 25 years is Rs.2.09 lakhs (exclusive of GST). ~As compared to the similar modal points of Male, Female has
to pay Rs. 13,800 lesser premium than male for the entire policy term (exclusive of GST).

**~3Disclaimer**: A 35 year old female opting for a life cover of Rs. 1 Cr till the age of 75 years pays Rs. 3,319
monthly for 10 years while a 35 year old male will pay Rs. 4,168 monthly for 10 years

~4 Subject to submission of all documents required for GST waiver.

\*++Max Life's Nifty Alpha 50 Fund tracks the NSE's Nifty Alpha 50 Index, subject to tracking error. The above values have been calculated by projecting historical returns of the Nifty Alpha 50 index, after adjusting for all expenses, except the tracking error, in Max Life's online savings plan (variant 1) for a 35-year-old male investing 10k per month for 10 years and maturity after 20 years. The calculations have been done using historical returns of the Nifty Alpha 50 index and may not be indicative of the future performance of Max Life's Nifty Alpha 50 Fund. The above values have been calculated basis 10 year returns of 26.4% (30th Apr'24) of the Nifty Alpha 50 Index.

\*+Nifty Mid-cap 150 Momentum 50 Index was launched in Aug’22. These are returns of benchmark indices and are not indicative of return on Max Life Insurance’s Midcap Momentum Index fund. 10 year return of NIFTY Midcap 150 Momentum 50 Index as on 27/05/2024. Max Life Midcap Momentum Index Fund (SFIN: ULIF02802/01/24MIDMOMENTM104) is passively managed Index Fund that mirrors NIFTY Midcap 150 Momentum 50 Index.

\*&10 year return of Nifty Smallcap 250 Quality 50 Index as on 30/04/2024. The past returns are extrapolation of index fund returns up to past 10 years using same formula (provided by NSE). The returns are not indicative of the future performance of the fund. Max Life Nifty Smallcap Quality Index Fund is passively managed Index Fund that mirrors Nifty Smallcap 250 Quality 50 Index. The objective of the fund is to invest in companies with similar weights as in the index and generate returns as closely as possible, subject to tracking error.

@1Standard premium for 20-year old healthy male, non-smoker, 40 years policy term, 40 year premium payment term (exclusive of GST) for Max Life Smart Total Elite Protection Term Plan (UIN: 104N125V05). The above mentioned premium is the discounted monthly premium to be paid in 1st year. Discount is applicable only for salaried employees with a corporate, purchasing via web link. During policy issuance, Max life may call for proof of employment if required. In case proposer when asked is not able to prove the employment part, discount offer will be discontinued and additional premium as applicable will have to be paid for processing of the case. \| ~1 Get back all the premiums paid with Special Exit value. This can be exercised in any policy year starting 30th policy year, but not during the last 4 policy years. Available for minimum policy term of 40 years. Benefit available with special exit value - the total premiums paid plus underwriting extra premiums paid plus loadings for modal premiums exclusive of any applicable taxes, cesses or levies. This feature shall be applicable on the base cover premium only and not for additional optional benefits like Accelerated Critical Illness, Accident cover, Joint life cover, any attached riders and Voluntary Sum Assured Top-Up.

@2Standard premium for 20-year old healthy male, non-smoker, 40 years policy term, 40 year premium payment term (exclusive of GST) for Max Life Smart Total Elite Protection Term Plan (UIN: 104N125V05). The above mentioned premium is the discounted monthly premium to be paid in 1st year. Discount is applicable only for salaried employees with a corporate, purchasing via web link. During policy issuance, Max life may call for proof of employment if required. In case proposer when asked is not able to prove the employment part, discount offer will be discontinued and additional premium as applicable will have to be paid for processing of the case. \| ~1 Get back all the premiums paid with Special Exit value. This can be exercised in any policy year starting 30th policy year, but not during the last 4 policy years. Available for minimum policy term of 40 years. Benefit available with special exit value - the total premiums paid plus underwriting extra premiums paid plus loadings for modal premiums exclusive of any applicable taxes, cesses or levies. This feature shall be applicable on the base cover premium only and not for additional optional benefits like Accelerated Critical Illness, Accident cover, Joint life cover, any attached riders and Voluntary Sum Assured Top-Up.

**7Disclaimer**: Rs. 1,00,29,587 after 14 years at policy maturity on monthly investment of Rs. 16,600
for 12 years for 30 year old male with Max Life Smart Wealth Plan – Long Term Variant. A non-linked
non-participating individual life insurance savings plan. The guaranteed benefits are applicable only if all due
premiums are paid. Total premiums paid is exclusive of GST. Life Insurance is available in this product. ARN:
WP/SWP/250723.

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

**Disclaimer:\*\*+** NIFTY 500 Momentum 50 Index was launched in June'24. The past returns are back tested based on historical returns and formula (provided by NSE). These are returns of benchmark indices as on 11 June’24 and are not indicative of returns on Max Life Insurance’s newly launched NIFTY 500 Momentum 50 Fund. Max Life’s NIFTY 500 Momentum 50 Fund (SFIN:ULIF03014/08/24MOMENFIFTY104) is a passively managed Index Fund that mirrors NSE’s NIFTY 500 Momentum 50 Index, subject to tracking error. The fund value calculation is done by projecting historical returns of NSE’s NIFTY 500 Momentum 50 Index, after adjusting for all expenses (except tracking error) in Max Life’s Online Savings Plan (UIN: 104L098V06) for a 30 year old male investing 10k per month for 10 years. The above values have been calculated assuming 25% p.a. gross investment returns as on 11 June'24, which is the 10-year return of NSE's NIFTY 500 Momentum 50 Index (backtested).

**Disclaimer**: \*6 Check the Total Premium amount against the respective monthly premium values in the below table.

Note: For Sum assured of 75 lakh, 1 crore, 1.5 crore and 2 crore, the below calculations are based on Max Life Smart Total Elite Protection Plan (A Non Linked Non Participating Individual Pure Risk Premium Life Insurance Plan, UIN:104N125V05). Monthly premium amounts are excluding GST and before any applicable discounts assuming Regular Pay and monthly payment mode.

Age of Male ApplicantPremium Amount for Rs. 75 lakh Term PlanPremium Amount for Rs. 1 crore Term PlanPremium Amount for Rs. 1.5 crore Term PlanPremium Amount for Rs. 2 crore Term PlanSmokerNon-SmokerSmokerNon-SmokerSmokerNon-SmokerSmokerNon-Smoker18 Years (PPT: 67 years)1417/Month

Total Premium payable: 10.79 lakh885/Month

Total Premium payable: 6.74 lakh1429/Month

Total Premium payable: 10.88 lakh893/Month

Total Premium payable: 6.80 lakh2143/Month

Total Premium payable: 16.32 lakh1340/Month

Total Premium payable: 10.20 lakh2547/Month

Total Premium payable: 19.39 lakh1592/Month

Total Premium payable: 12.12 lakh25 Years (PPT: 60 years)1872/Month

Total Premium payable: 12.76 lakh1170/Month

Total Premium payable: 7.98 lakh1956/Month

Total Premium payable: 13.34 lakh1223/Month

Total Premium payable: 8.34 lakh2934/Month

Total Premium payable: 20.00 lakh1834/Month

Total Premium payable: 12.50 lakh3436/Month

Total Premium payable: 23.42 lakh2147/Month

Total Premium payable: 14.64 lakh35 Years (PPT: 50 years)3030/Month

Total Premium payable: 17.22 lakh1824/Month

Total Premium payable: 10.76 lakh3421/Month

Total Premium payable: 19.44 lakh2138/Month

Total Premium payable: 12.15 lakh5131/Month

Total Premium payable: 29.16 lakh3207/Month

Total Premium payable: 18.22 lakh5663/Month

Total Premium payable: 32.18 lakh3540/Month

Total Premium payable: 20.11 lakh45 Years (PPT: 40 years)5687/Month

Total Premium payable: 25.85 lakh3554/Month

Total Premium payable: 16.16 lakh6314/Month

Total Premium payable: 28.70 lakh3946/Month

Total Premium payable: 17.94 lakh9470/Month

Total Premium payable: 43.05 lakh5919/Month

Total Premium payable: 26.90 lakh11948/Month

Total Premium payable: 54.31 lakh7468/Month

Total Premium payable: 33.94 lakh55 Years (PPT: 30 years)11,101/Month

Total Premium payable: 37.84 lakh6938/Month

Total Premium payable: 23.65 lakh13,065/Month

Total Premium payable: 44.54 lakh8166/Month

Total Premium payable: 27.84 lakh19,598/Month

Total Premium payable: 66.81 lakh12,249/Month

Total Premium payable: 41.76 lakh24,914/Month

Total Premium payable: 84.93 lakh15,571/Month

Total Premium payable: 53.08 lakh60 Years (PPT: 25 years)16,044/Month

Total Premium payable: 45.58 lakh10,027/Month

Total Premium payable: 28.49 lakh19,015/Month

Total Premium payable: 54.02 lakh11,884/Month

Total Premium payable: 33.76 lakh28,523/Month

Total Premium payable: 81.03 lakh17,827/Month

Total Premium payable: 50.64 lakh35,894/Month

Total Premium payable: 101.97 lakh22,433/Month

Total Premium payable: 63.73 lakh

Age of Female ApplicantPremium Amount for Rs. 75 lakh Term PlanPremium Amount for Rs. 1 crore Term PlanPremium Amount for Rs. 1.5 crore Term PlanPremium Amount for Rs. 2 crore Term PlanSmokerNon-SmokerSmokerNon-SmokerSmokerNon-SmokerSmokerNon-Smoker18 Years (PPT: 67 years)1417/Month

Total Premium payable: 10.79 lakh885/Month

Total Premium payable: 6.74 lakh1429/Month

Total Premium payable: 10.88 lakh893/Month

Total Premium payable: 6.80 lakh2143/Month

Total Premium payable: 16.32 lakh1340/Month

Total Premium payable: 10.20 lakh2547/Month

Total Premium payable: 19.39 lakh1592/Month

Total Premium payable: 12.12 lakh25 Years (PPT: 60 years)1626/Month

Total Premium payable: 11.09 lakh1016/Month

Total Premium payable: 6.93 lakh1661/Month

Total Premium payable: 11.36 lakh1038/Month

Total Premium payable: 7.08 lakh2492/Month

Total Premium payable: 16.99 lakh1557/Month

Total Premium payable: 10.62 lakh2831/Month

Total Premium payable: 19.30 lakh1769/Month

Total Premium payable: 12.06 lakh35 Years (PPT: 50 years)2492/Month

Total Premium payable: 14.16 lakh1588/Month

Total Premium payable: 8.85 lakh2766/Month

Total Premium payable: 15.72 lakh1729/Month

Total Premium payable: 9.82 lakh4150/Month

Total Premium payable: 23.58 lakh2593/Month

Total Premium payable: 14.73 lakh4572/Month

Total Premium payable: 25.98 lakh2857/Month

Total Premium payable: 16.23 lakh45 Years (PPT: 40 years)4565/Month

Total Premium payable: 20.75 lakh2853/Month

Total Premium payable: 12.97 lakh4820/Month

Total Premium payable: 21.91 lakh3012/Month

Total Premium payable: 13.69 lakh7229/Month

Total Premium payable: 32.86 lakh4518/Month

Total Premium payable: 20.54 lakh9044/Month

Total Premium payable: 41.11 lakh5652/Month

Total Premium payable: 25.69 lakh55 Years (PPT: 30 years)8460/Month

Total Premium payable: 28.84 lakh5288/Month

Total Premium payable: 18.03 lakh9621/Month

Total Premium payable: 32.80 lakh6013/Month

Total Premium payable: 20.50 lakh14,432/Month

Total Premium payable: 49.20 lakh9020/Month

Total Premium payable: 30.75 lakh18,455/Month

Total Premium payable: 62.91 lakh11,534/Month

Total Premium payable: 39.32 lakh60 Years (PPT: 25 years)12,010/Month

Total Premium payable: 34.12 lakh7506/Month

Total Premium payable: 21.32 lakh14,120/Month

Total Premium payable: 40.11 lakh8825/Month

Total Premium payable: 25.07 lakh21,179/Month

Total Premium payable: 60.17 lakh13,237/Month

Total Premium payable: 37.60 lakh26,611/Month

Total Premium payable: 75.60 lakh16,631/Month

Total Premium payable: 47.62 lakh