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Name of the Prospect/Policyholder: Mr. Name of the Product: Max Life Monthly Income Advantage Plan
Age & Gender: 18 Years, Male Tag Line: A Non-Linked Participating Individual Life Insurance Savings Plan
Name of the Life Assured: Mr. Unique Identification No: 104N091V06
Age & Gender: 18 Years, Male GST Rate: 4.50%
Policy Term: 25 Years Max Life State: Haryana
Premium Payment Term: 15 Years Policyholder Residential State: Haryana
Amount of Installment Premium: `1,04,500
Mode of payment of premium: Annual
Some benefits are guaranteed and some benefits are variable with returns based on the future performance of your insurer carrying on life insurance business. If your policy offers guaranteed benefits then these
will be clearly marked “guaranteed” in the illustration table on this page. If your policy offers variable benefits then the illustration on this page will show two different rates of assumed future investment returns, of
8%p.a. and 4% p.a. These assumed rates of return are not guaranteed and they are not the upper or lower limits of what you might get back, as the value of your policy is dependent on a number of factors including
future investment performance.
Policy Details
Policy Option Sum Assured (in Rs.) 19,52,744
Bonus Type Compound Reversionary Bonus Sum Assured on Death (at inception of the policy) (in Rs.) 19,52,744
Rider Details
Accidental Death & Dismemberment (ADD) Rider Term NA Accidental Death & Dismemberment (ADD) Rider Sum Assured (in Rs.) NA
Term Plus Rider Term NA Term Plus Rider Sum Assured (in Rs.) NA
COVID19 One Year Term Rider Term NA COVID19 One Year Term Rider Sum Assured (in Rs.) NA
Critical Illness and Disability Rider Term NA Critical Illness and Disability Rider Variant NA
Critical Illness and Disability Rider Sum Assured NA
Premium Summary
Base Plan Riders Total Installment Premium
Installment Premium without GST (in Rs.) 1,00,000 - 1,00,000
Installment Premium with first year GST (in Rs.) 1,04,500 - 1,04,500
Installment Premium with GST 2nd year onwards (in Rs.) 1,02,250 - 1,02,250
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17
25 - - 1,95,274 - 19,52,744 - 6,725 - 1,55,621 52,981 - 18,71,792 1,55,621 18,71,792 19,52,744 19,52,744
Notes: Annualized Premium excludes underwriting extra premium, frequency loadings on premiums, the premiums paid towards the riders, if any, and Goods and Service Tax. Refer Sales literature for explanation of terms used in
this illustration.
I, ……………………………………………. (name), have explained the premiums, and benefits I, ……………………………………………. (name), having received the information with respect
under the product fully to the prospect / policyholder. to the above, have understood the above statement before entering into the contract.
Place:
Date: 4/26/21 Signature / OTP Confirmation Date / Thumb Impression / Date:4/26/21 Signature / OTP Confirmation Date / Thumb Impression /
Electronic Signature of Agent/ Intermediary / Official Electronic Signature of Prospect/ Policyholder
This system generated benefit illustration shall be treated as signed by me.