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।
धारा 80C
पब्लिक प्रोविडेंट फंड (पीपीएफ) के लाभों को देखते हुए यहं भारत में सबसे अच्छे निवेश विकल्पों में से एक है। अगर आप एक वेतनभोगी व्यक्ति हैं तो पीपीएफ आपको कई लाभ दे सकता है। हालांकि पीपीएफ पर ब्याज आय कर योग्य नहीं है, आप आयकर अधिनियम, 1961 की <anchor>धारा 80C</anchor> के अंतर्गत कर कटौती (टैक्स डिडक्शन) का लाभ भी उठा सकते हैं।
Income Tax Deduction Under Section 80C - 80C Limit | Max Life Insurance
Income Tax Deduction Under Section 80C - 80C Limit \| Max Life Insurance

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- Section 80C

- Section 80C Deductions
- Eligibility Criteria
- How to Maximize 80C Tax Savings
- Choosing the Right 80C Instrument
- FAQs
- Customer Rating

# Section 80C – Income Tax Deduction under Section 80C

The Income Tax Act, 1961 offers [tax-saving benefits on investment](/blog/investments/80c-investment-options) instruments such as savings plans, life insurance premium, Public Provident Fund (PPF) and much more under Section 80C and

its various sub-sections. Section 80C deduction enables you to reduce your taxable income by up to Rs. 1.5 lakh every financial year. Read on to know which investments and expenses are eligible for 80C benefits so that you can reduce your taxable income.

...Read More

![avatar-image](https://www.maxlifeinsurance.com/static-page/assets/homepage/Alok_0d6b186705_3033335415.webp)

Written by

Alok Mishra:

Reviewed by

Bhaskar Sinha

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Alok Mishra

Insurance Writer

Alok Mishra is a Digital and Content Marketing specialist with 10 years of experience. He has spearheaded Web Content, Social Media & Branding, and Community Building initiatives to drive growth for prominent brands.

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Bhaskar Sinha

Insurance Expert

8+ years of experience in Life Insurance with expertise in Developing Life and Health Products, Digital Sales, Conducting effective trainings and Key Account Management.

## Deductions under Section 80C

Section 80C of the Income Tax Act prescribes several instruments that not only offer income tax saving benefits, but also provide financial returns throughout the policy period. Total 80C limit as per the Income Tax Act, 1961 is Rs.1.5 lakh per financial year. Following are some of the 80C deduction options available as per the Income Tax Act, 1961:

- [Life Insurance Premium](/blog/life-insurance/what-is-insurance-premium)
- [Public Provident Fund (PPF)](/blog/tax-savings/ppf-interest-taxable)
- Employees Provident Fund (EPF)

- [Equity Linked Savings Scheme (ELSS)](/blog/tax-savings/what-is-elss)
- [Unit Linked Insurance Plan (ULIP)](/blog/investments/what-is-ulip)
- [Tax Saver Fixed Deposits](/investment-plans/fixed-deposit/tax-saving-fd)
- [National Pension Scheme (NPS)](/blog/investments/nps-national-pension-scheme)
- Home Loan Principal Repayment

- [Sukanya Samriddhi Yojana](/blog/investments/sukanya-samriddhi-yojana)
- [Senior Citizens Savings Scheme](/blog/investments/best-investment-for-senior-citizen)
- [National Savings Certificate](/investment-plans/national-savings-certificate)

Let us understand the 80C deductions as per the Income Tax Act, 1961 in detail below:

### 1\. Life Insurance Premium

If you buy any life insurance policy for yourself, your spouse or children, you can claim 80C deduction on the premium paid towards the plan. However, if you pay premium for your parents or parents-in-law, then you will not be eligible to receive such a benefit. If you hold more than one policy, then you can claim tax benefits on all of them up to the limit of Rs. 1.5 lakh as per Section 80C of Income Tax Act.

If you are an HUF, then also you will be eligible to claim such income tax saving deduction benefits on the amount of premium.

**Read more:** [Frequently Asked Questions About Life Insurance Tax Benefits](/blog/tax-savings/faqs-tax-benefits)

Buying [life insurance](/) can help you in income tax saving under Section 80C of Income Tax Act, as it not only helps you in reducing your tax liability but also help protecting your loved ones financially against life’s unforeseen challenges. One of the types of life insurance is Term Insurance which provides your family with a sum assured upon the occurrence of an unfortunate incident. You can check the Max Life Insurance term insurance premium using the calculator below.

### 2\. Public Provident Fund (PPF)

[Public Provident Fund (PPF)](/blog/investments/what-is-ppf) is a government scheme that allows you to invest as low as Rs. 500 to Rs. 1.5 lakh in a given financial year. Under the provisions of Section 80C of the Income Tax Act, your taxable income will reduce by the amount you invest in the fund.

Also, the PPF interest you receive on such a fund is tax-free, meaning you can gain an all-around financial advantage under Section 80C, by investing in PPF.

Also, the [PPF interest](/blog/tax-savings/ppf-interest-taxable) you receive on such a fund is tax-free, meaning you can gain an all-around financial advantage under Section 80C, by investing in PPF.

![Section_80_C_01_1_f6c128cdbf_1_8f0481159d](https://www.maxlifeinsurance.com/static-page/assets/homepage/Section_80_C_01_1_f6c128cdbf_1_8f0481159d.webp)

### 3\. Employees’ Provident Fund (EPF)

Under Section 80C of Income Tax Act, Employees’ contribution to the EPF account is also eligible for 80C deductions. Whereas, employer’s contribution remains free from tax but not available as 80C deduction.

### 4\. Equity Linked Savings Scheme (ELSS)

ELSS is another type of investment scheme covered under Section 80C, in which you enjoy [income tax saving](/blog/tax-savings/why-do-you-need-tax-planning) benefits on the amount you put into the fund. Such a scheme offers you higher returns as your money gets invested in equity funds, but the point to note is that equity investment is prone to higher market-related risks.

There is no upper limit on the amount that you can invest in ELSS. However, you can only avail income tax saving benefit up to the total limit stated under Section 80C.

### 5\. Unit Linked Insurance Plan (ULIP)

[Unit Linked Insurance Plan](/blog/investments/what-is-ulip) offers the twin benefit of life cover and investment benefit. Under Section 80C, it also provides income tax saving benefit, up to Rs. 1.5 lakh, on the amount invested. You can avail of tax-deduction benefits up to either 10% of the sum assured or annual premiums, whichever is lower. Investing in ULIPs will help you enjoy flexibility of maximising your savings through a variety of market-linked fund options. Max Life Fast Track Super Plan (UIN: 104L082V04)(Unit Linked Non Participating Individual) offers you the option to invest in 6 types of funds and allows you up to 12 free switches in a year.

To get an estimate of how much insurance coverage will be enough for your loved ones and how much you need to pay for the same, then you can use a [ULIP calculator](/investment-plans/investment-calculator) to make the assessment yourself.

### 6\. Tax Saver Fixed Deposits

[Tax Saver Fixed Deposits](/investment-plans/fixed-deposit/tax-saving-fd)  also come under Section 80C deduction. Any deposit that you make with a bank for a period of 5 years is eligible for tax deductions, up to the specified limit stated under Section 80C of Income Tax Act, 1961.

### 7\. National Pension Scheme (NPS)

Contributions made towards the National Pension System are tax deductible under Section 80CCD, which is a subset of Section 80C of Income Tax Act. However, the combined deduction under Section 80C and [Section 80CCD](/blog/tax-savings/section-80CCD-of-income-tax-act) (1) cannot be more than Rs. 1.5 lakh.

In case, you contribute an additional Rs. 50,000 under NPS (over and above the Section 80C limit of Rs. 1.5 lakh), the total amount can be claimed as deduction under Section 80CCD (1B).

In other words, you can claim tax deduction on the contributions made towards NPS, of up to Rs. 1.5 lakh and Rs. 50,000 as per Section 80C limit and Section 80CCD (1B) respectively.

However, the additional [NPS tax deduction benefit](/blog/tax-savings/nps-tax-benefits) of Rs 50,000 can only be availed if you have a Tier 1 NPS account.

.

### 8\. Home Loan Principal Repayment

If you have availed home loan from any bank or financial institution, you can avail 80C deduction up to Rs.1.5 lakh on the home loan principal repayment amount.

### 9\. Sukanya Samriddhi Yojana

[Sukanya Samriddhi Yojana](/blog/investments/sukanya-samriddhi-yojana) is a saving scheme for girl child and is eligible for 80C deduction of Income Tax Act. This account is for the girl child under 10 years of age. This account can be opened for a maximum of 2 girl childs and claim income tax deductions under Section 80C of Income Tax Act.

### 10\. Senior Citizens Savings Scheme

Senior Citizens Saving Scheme is for senior citizens with at least 60 years of age. Senior Citizens who have opted for [Voluntary Retirement Scheme (VRS)](/blog/retirement-planning/voluntary-retirement-scheme) can opt for it after 55 years of age. Any investments made under this scheme is eligible for 80C deductions with the maximum 80C limit remains Rs.1.5 lakh only.

### 11\. National Savings Certificate

Any investments made under the National Savings Certificate can also be claimed under Section 80C deductions. Not only the investment amount, but also the interest accrued for the first 4 years are eligible for deduction under Section 80C of Income Tax Act. You can reduce the taxable income up to Rs.1.5 lakh (Section 80C limit).

![Section_80_C_04_1_1f9c286e09_1_9187ee028a](https://www.maxlifeinsurance.com/static-page/assets/homepage/Section_80_C_04_1_1f9c286e09_1_9187ee028a.webp)

You can decide to include different investments for deductions under Section 80C of Income Tax Act, so that you can enjoy income tax saving benefits up to the limit of Rs. 1.5 lakh, while also receiving other security and financial advantages provided by them.

If you have higher risk appetite, you can purchase [ELSS](/blog/tax-savings/what-is-elss), and if you want an instrument that can offer security as well as financial gains, you can opt for ULIP plan. You may give priority to life insurance plans such as term insurance, as they offer comprehensive security to your loved ones and offer income tax saving under Section 80C.

## Eligibility Criteria

![Section_80_C_03_1_5780f0ae3b_1_f988afafe8](https://www.maxlifeinsurance.com/static-page/assets/homepage/Section_80_C_03_1_5780f0ae3b_1_f988afafe8.webp)

The provisions of Section 80C deductions apply to both an individual and a HUF. Also, this income tax saving Section covers both Indian residents and NRIs. The deduction is not available to companies, partnerships, and other corporate bodies.

You can avail tax deductions under Section 80C by filing your [income tax return (ITR)](/blog/tax-savings/4-point-checklist-when-filing-income-tax-returns) by 31st July each year by all individuals. So, file your ITR on time to reap the income tax saving benefits offered under Section 80C.

## How to Maximize Tax Saving under Section 80C?

Under Section 80C, there is an overall ceiling of Rs. 1.5 lakh on the amount of income tax saving benefits you can enjoy. As mentioned above, the provisions cover a number of fund options that offer both insurance investment benefits. The most noteworthy point about saving tax under section 80C is that it allows you to invest either the entire amount of Rs. 1.5 lakh in one investment or diversify across different instruments.

There is no ideal way to enjoy Section 80C deductions, as it depends on an individual’s specific needs. That is why it is essential to pick up the right instruments. Your choice must be guided by your financial goals and risk profile.

**Also Read:** [How to Save Income Tax?](/blog/tax-savings/how-to-save-income-tax)

## Choose the Right Instruments under Section 80C

If you are seeking tax saving benefits, Section 80C deduction of Income Tax Act offers you significant scope for the same. It is critical that you choose the right kind of policy or instrument so that you can enjoy maximum financial and security benefits along with tax-saving benefits.

Depending on your financial needs, build a portfolio by including life insurance which not only provide life cover but also gives you benefit of tax saving and minimize your taxable income under Section 80C. Doing this will take a significant share of tax liability burden off your mind, and save your hard-earned money from getting drained out.

[Section 80C investments](/blog/investments/80c-investment-options) provide great respite to taxpayers. Analyze your individual and family needs and then purchase the right income tax saving plans for enjoying benefits under Section 80C.

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## Frequently Asked Questions

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

### What are covered under 80C?

The following are the popular investments that qualify for 80C deductions:

- Life Insurance Premium
- Contribution towards PPF
- Employees’ Provident Fund (EPF)
- Equity Linked Savings Scheme (ELSS)
- [ULIP Investment](/blog/investments/how-to-save-tax-with-ulips)
- Tax Saver [Fixed Deposits](/fixed-deposit/what-is-fixed-deposit)
- [National Pension Scheme (NPS)](https://www.investmentsimplified.in/pension-retirement/planning-for-your-retirement-know-about-nps-benefits/)
- Home Loan Principal Repayment
- Sukanya Samriddhi Yojana
- Senior Citizens Savings Scheme
- National Savings Certificate

### Is EPF part of 80C?

Yes Employees’ Provident Fund (EPF) is a part of 80C deduction. The Employer’s Contribution in the provident fund is tax free but not available as 80C deduction.

### Who can claim deductions under Section 80C of the Income Tax Act, 1961?

Any resident individual or HUF can claim 80C deduction upto Rs.1.5 lakh. Not only this, NRIs are also eligible for tax deductions under Section 80C of Income Tax Act, 1961

### Is personal accident insurance covered under Section 80C of Income Tax Act, 1961?

Yes, section 80C of Income Tax Act, 1961 covers all types of life insurance premiums, which includes [personal accident insurance](/term-insurance-plans/personal-accident-insurance) premium as well which will pay out in case of death due to accident.

### Is term insurance premium included under 80C deduction?

Yes, deduction against term insurance premium can also be availed upto the 80C limit of Rs.1.5 lakh.

ARN No: June23/Bg/21X

Sources:

www.incometaxindia.gov.in/Pages/acts/income-tax-act.aspx

**Disclaimer:**

Save 46800 on taxes if the insurance premium amount is Rs.1.5 lakh per annum and you are:

- Regular Individual
- Fall under 30% income tax slab having taxable income less than Rs. 50 lakh
- Opt for Old tax regime

![tick_982563bd48](https://www.maxlifeinsurance.com/static-page/assets/homepage/tick_982563bd48.webp)

#### Related Articles

- [Income Tax Slab Rates & Deductions](/blog/tax-savings/everything-you-need-to-know-about-income-tax-slabs-2021-22)
- [TDS on Salary](/blog/tax-savings/tds-on-salary)
- [Tax Saving Investments u/s 80C](/blog/tax-savings/five-long-term-investment-ideas-for-tax-benefits)
- [Last Date to File ITR](/blog/tax-savings/reasons-why-you-need-to-file-your-itr-on-time)
- [Income Tax Efiling](/blog/tax-savings/e-filing-income-tax-all-you-need-to-know)
- [What is TDS](/blog/tax-savings/what-is-tds-and-how-does-it-affect-you)
- [Types of Taxes in India](/blog/tax-savings/what-are-the-types-of-taxes-in-india)
- [What is GST?](/blog/life-insurance/learn-about-gst)

![tick_982563bd48](https://www.maxlifeinsurance.com/static-page/assets/homepage/tick_982563bd48.webp)

#### Calculators

- [Income Tax Calculator](/insurance-calculators/tax-calculator)
- [Term Plan Calculator](/term-insurance-plans/premium-calculator)
- [Investment Calculator](/investment-plans/investment-calculator)
- [Power of Compounding Calculator](/power-of-compounding-calculator)
- [Retirement Planning Calculator](/insurance-calculators/retirement-planning-calculator)
- [FD Calculator](/fd-calculator)

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#### Insurance Articles

- [Life Insurance Tax Benefits](/blog/tax-savings/tax-benefits-insurance-plans)
- [What is Term Insurance?](/blog/term-insurance/what-is-a-term-insurance-plan)
- [Term Insurance Tax Benefits](/blog/term-insurance/tax-benefits-of-term-insurance)
- [Term Insurance Benefits](/blog/term-insurance/benefits-of-term-insurance)

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#### Investment Articles

- [How does ULIP work?](/blog/life-insurance/how-does-unit-linked-plan-work)
- [How to Save Tax with ULIP?](/blog/investments/how-to-save-tax-with-ulips)
- [Best Investment Options to Save Tax](/blog/tax-savings/investment-options-to-help-save-tax)
- [5 Short Term Investments for Tax Saving](/blog/tax-savings/short-term-investment-plans-for-income-tax-benefits)
- [Investments & Expenditures for Tax Saving](/blog/term-insurance/investments-and-expenditures-to-save-tax)

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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