Non-Linked Participating Individual Life Insurance Savings Plan | UIN : 104N135V01

Mr.

(UIN : 104N135V01)

INSTA INCOME

You shall pay Rs.17,400 (excluding taxes) on an Monthly mode

for 12 years.Your Policy Term is for 32 years.

Starting from 06/Jul/2024

an Income of Rs.55,200* shall
be payable Annually to you
***
for 32 years. The Total Income
over the policy term shall be
Rs.17,66,400*.
From 1st year
Rs.10,400 Rs.44,800^ Rs.55,200
till year 25

From 26th year Not

Rs.55,200& Rs.55,200
till year 32 Applicable

Please note all the incomes listed above shall be paid on Annual Mode
^
Cash Bonus of Rs.44,800 (@8% Illustration)/ Rs.11,000 (@4% Illustration) will be payable Annually from 1st Policy year onwards till year 25
&
Cash Bonus of Rs.55,200 (@8% Illustration)/ Rs.13,554 (@4% Illustration) will be payable Annually from 26th year onwards till year 32
 On 06/Jul/2055 the policy
will mature, Maturity Benefit of
Rs.54,52,080* will be paid to the
policyholder. In case, any survival
benefits were accrued during the
policy term, will also be provided
at maturity.

Sum Assured
Rs.24,00,000
on Maturity

Cash Bonus and Terminal Bonus

figures mentioned above are Additional
Rs.0
variable and depend on the Bonus. Benefits#
Rate declared by the company
from time to time.

Terminal
Rs.30,52,080
Bonus @8%$

Total Maturity
Rs.54,52,080
Benefit

$The Terminal Bonus of Rs.30,52,080 (@8% Illustration)/Rs.10,29,120 (@4% Illustration) will be paid in addition to
Sum Assured on Maturity.
#Only Applicable In case the life insured is female.
*The figures are illustrated @8%. For more information please refer to the benefit illustration attached in the policy pack

Maturity Benefit
Rs.54,52,080

Cash Bonus + Guaranteed Income*** of Rs.55,200 @8%

Rs.44,800 @8% + Rs.10,400

Premium Payment Term

Age Age
of 12 years
43 years 75 years

Total Premium : Rs. 24,00,000 @4%# : 169% | @8%# : 300%

#Kindly note that the above scenarios are only illustrations and does not create any rights and / or obligations. The assumed non-guaranteed rates of return
chosen in the above illustration are 4% and 8%. These assumed rates of return are not guaranteed and are not the upper or lower limit of what you might get
back as the value of your policy is dependent on a number of factors including future investment performance. The actual experience on the contract may be
different from the illustrated.
 @

The minimum death benefit at inception After payment of the death benefit the
is Rs.22,40,000. beneficiaries will also get the following:
Any accrued survival benefit, All future Cash Bonus, Guaranteed Income
if not paid earlier, shall be paid and Maturity Benefit shall be payable as and
in addition to death benefit. when due in future without any need for the
premium payment.

^Individual
Death Claims Paid Ratio as per IRDAI Annual Report FY 2021-2022. | *As per Public Disclosures 2022.
LIFE INSURANCE COVERAGE IS AVAILABLE IN THIS PRODUCT.

@Policy Continuance Benefit is available in all plan variants except for 100 – Age at Entry Variant & Accidental Death Benefit (ADB) is available in all plan variants for ages greater than or equal to 18 years.
***Guaranteed Income is a % of Annualised Premium and shall depend on the Guaranteed Income Payout Frequency, Age of the life insured, Plan variant, PCB Option and Premium Payment Term.

Guaranteed Income shall be applicable provided all due premiums are paid. All applicable Guaranteed Benefits in the product are subject to payment of all due premiums. Max Life Smart Wealth Advantage Growth Par Plan (UIN: 104N135V01) is a non linked participating
Individual Life Insurance Savings plan which provides Cash Bonuses and Terminal Bonus, which are variable in nature and declared by the company from time to time.
For further information on the product and its plan variants please refer to the Prospectus. If you wish to refer to the Terms and Conditions of the product please read the Policy Document available on the company website.
Max Life Insurance Company Limited is a joint venture between Max Financial Services Limited and Axis Bank Ltd. Max Life Insurance Co. Ltd., Corporate Office: 11th Floor, DLF Square Building, Jacaranda Marg, DLF City Phase II,
Gurugram - 122 002 (Haryana). Insurance is the subject matter of solicitation. For more details on the 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 logos displayed belongs to Max Financial Services Ltd. and Axis Bank Ltd. respectively and with their consents, are used by Max Life Insurance Co. Ltd. Customer Helpline Number: 1860 120 5577.
Website: www.maxlifeinsurance.com, SMS 'LIFE' to 5616188

ARN: Max Life/FCB/Marketing/SWAG Par_Insta Income BI/May 2023

 BENEFIT ILLUSTRATION
[Date and Time of Illustration – 06 July 2023, 05:14 PM]

Name of the Prospect/Policyholder: Mr. Proposal No:

Age & Gender: 43 Years, Male Name of the Product: Max Life Smart Wealth Advantage Growth Par Plan

Name of the Life Assured: Mr. Tag Line: A Non-Linked Participating Individual Life Insurance Savings Plan

Age & Gender: 43 Years, Male Unique Identification No: 104N135V01

GST Rate (Base Policy, First Year): 4.50%
Policy Term: 32 Years GST Rate (Base Policy, Subsequent Year): 2.25%
GST Rate (Rider Policy, First Year): NA
Premium Payment Term: 12 Years
GST Rate(Rider Policy,Subsequent Year): NA
Amount of Installment Premium: `18,183
Max Life State: Karnataka
Mode of payment of premium: Monthly Policyholder Residential State: Karnataka

How to read and understand this benefit illustration?

This benefit illustration is intended to show year-wise premiums payable and benefits under the policy, at two assumed rates of interest i.e., 8% p.a. and 4% p.a.
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 returns benefits then these will be
clearly marked “guaranteed” in the illustration table on the next this page. If your policy offers variable returns benefits then the illustration on the next 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
Variant Name Insta Income Sum Assured on Maturity (in Rs.) 24,00,000
Policy Continuance Benefit Option Yes Additional Benefit on Maturity (only applicable for female lives) (in Rs.) -
Payment Frequency for Guaranteed Income & Cash Bonus Annual Sum Assured on Death (at inception of the policy) (in Rs.) 22,40,000
Save the date Option No Date of first Survival Benefit payment Saturday, July 06, 2024

Rider Details
Accidental Death & Dismemberment (ADD) Rider Premium Payment Term and Rider Term NA Accidental Death & Dismemberment (ADD) Rider Sum Assured (in Rs.) NA
Term Plus Rider Term - Premium Payment Term and Rider Term NA Term Plus Rider Sum Assured (in Rs.) NA
Waiver of Premium (WOP) Plus Rider Term NA Critical Illness and Disability Rider - Coverage Variant NA
Critical Illness and Disability Rider - Rider Premium Payment Term and Rider Term NA Critical Illness and Disability Rider - Rider Sum Assured NA

Premium Summary

Accidental Death & Waiver of Premium Critical Illness and Total Installment
Base Plan Term Plus Rider
Dismemberment Rider Plus Rider Disability Rider Premium

Installment Premium without GST (in Rs.) 17,400 0 0 0 0 17,400

Installment Premium with first year GST (in Rs.) 18,183 0 0 0 0 18,183
Installment Premium with GST 2nd year onwards (in Rs.) 17,792 0 0 0 0 17,792

UIN: 104N135V01 Max Life Insurance Company Limited having its Corporate Office at 11th Floor, DLF Square, Jacaranda Marg, DLF City, Phase II, Gurugram – 122002 Page 1 of 4
 (Amount in Rupees)

Non-Guaranteed Benefit @ Non-Guaranteed Benefit @

Total Benefits including Guaranteed and Non- Guaranteed
Guaranteed Benefits 4% per 8% per
Benefits
annum investment return annum investment return

Age at the
Single/
Policy start of
Annualized
Year the Policy
Premium Total Survival Total Survival
Year Guaranteed Additional Special Special Total Death Total Death
Survival Death Maturity & Maturity & Maturity
Surrender Accidental Cash Bonus Surrender Cash Bonus Surrender Benefit Benefit
Benefit Benefit Benefit Benefit @ 4% Benefit @ 8%
Value (GSV) Death Benefit Value (SSV) Value (SSV) @4% @8%
(4+7+9) (4+7+11)

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16

1 43 2,00,000 10,400 - 22,40,000 - - 11,000 - 44,800 - 22,40,000 22,40,000 21,400 55,200

2 44 2,00,000 10,400 1,20,000 22,40,000 - - 11,000 1,40,000 44,800 1,40,000 22,40,000 22,40,000 21,400 55,200

3 45 2,00,000 10,400 2,10,000 22,40,000 - - 11,000 2,40,000 44,800 2,41,608 22,40,000 22,40,000 21,400 55,200

4 46 2,00,000 10,400 4,00,000 22,40,000 - - 11,000 4,16,000 44,800 4,16,000 22,40,000 22,40,000 21,400 55,200

5 47 2,00,000 10,400 5,00,000 22,40,000 - - 11,000 5,40,000 44,800 5,40,000 22,40,000 22,40,000 21,400 55,200

6 48 2,00,000 10,400 6,00,000 22,40,000 - - 11,000 6,96,000 44,800 6,96,000 22,40,000 22,40,000 21,400 55,200

7 49 2,00,000 10,400 7,00,000 22,40,000 - - 11,000 8,68,000 44,800 8,89,786 22,40,000 22,40,000 21,400 55,200

8 50 2,00,000 10,400 8,91,360 22,40,000 - - 11,000 10,56,000 44,800 11,30,548 22,40,000 22,40,000 21,400 55,200

9 51 2,00,000 10,400 11,05,740 22,40,000 - - 11,000 12,78,980 44,800 14,03,976 22,40,000 22,40,000 21,400 55,200

10 52 2,00,000 10,400 13,42,800 22,40,000 - - 11,000 15,65,814 44,800 17,12,668 22,40,000 22,40,000 21,400 55,200

11 53 2,00,000 10,400 16,02,920 24,11,640 - - 11,000 18,85,050 44,800 20,61,894 24,11,640 24,11,640 21,400 55,200

12 54 2,00,000 10,400 18,85,680 26,30,880 - - 11,000 22,36,672 44,800 24,54,053 26,30,880 26,30,880 21,400 55,200

13 55 - 10,400 20,22,960 26,30,880 - 11,20,000 11,000 24,45,901 44,800 27,11,762 26,30,880 26,30,880 21,400 55,200

14 56 - 10,400 21,60,000 26,30,880 - 11,20,000 11,000 25,25,613 44,800 28,51,705 26,30,880 26,30,880 21,400 55,200

15 57 - 10,400 21,60,000 26,30,880 - 11,20,000 11,000 25,83,908 44,800 29,74,541 26,30,880 26,30,880 21,400 55,200

16 58 - 10,400 21,60,000 26,30,880 - 11,20,000 11,000 26,42,957 44,800 31,02,883 26,30,880 26,30,880 21,400 55,200

17 59 - 10,400 21,60,000 26,30,880 - 11,20,000 11,000 27,02,727 44,800 32,37,058 26,30,880 26,30,880 21,400 55,200

UIN: 104N135V01 Max Life Insurance Company Limited having its Corporate Office at 11th Floor, DLF Square, Jacaranda Marg, DLF City, Phase II, Gurugram – 122002 Page 2 of 4
 Non-Guaranteed Benefit @
Guaranteed Benefits 4% per
annum investment return
Non-Guaranteed Benefit @
Total Benefits including Guaranteed and Non- Guaranteed
8% per
Benefits
annum investment return

Age at the
Single/
Policy start of
Annualized
Year the Policy
Premium Total Survival Total Survival
Year Guaranteed Additional Special Special Total Death Total Death
Survival Death Maturity & Maturity & Maturity
Surrender Accidental Cash Bonus Surrender Cash Bonus Surrender Benefit Benefit
Benefit Benefit Benefit Benefit @ 4% Benefit @ 8%
Value (GSV) Death Benefit Value (SSV) Value (SSV) @4% @8%
(4+7+9) (4+7+11)

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16

18 60 - 10,400 21,60,000 26,30,880 - 11,20,000 11,000 27,63,251 44,800 33,77,613 26,30,880 26,30,880 21,400 55,200

19 61 - 10,400 21,60,000 26,30,880 - 11,20,000 11,000 28,24,495 44,800 35,24,874 26,30,880 26,30,880 21,400 55,200

20 62 - 10,400 21,60,000 26,30,880 - 11,20,000 11,000 28,86,459 44,800 36,79,386 26,30,880 26,30,880 21,400 55,200

21 63 - 10,400 21,60,000 26,30,880 - 11,20,000 11,000 29,49,006 44,800 38,41,640 26,30,880 26,30,880 21,400 55,200

22 64 - 10,400 21,60,000 26,30,880 - 11,20,000 11,000 30,12,102 44,800 40,12,072 26,30,880 26,30,880 21,400 55,200

23 65 - 10,400 21,60,000 26,30,880 - 11,20,000 11,000 30,75,609 44,800 41,91,281 26,30,880 26,30,880 21,400 55,200

24 66 - 10,400 21,60,000 26,30,880 - 11,20,000 11,000 31,39,357 44,800 43,79,651 26,30,880 26,30,880 21,400 55,200

25 67 - 10,400 21,60,000 26,30,880 - 11,20,000 11,000 32,03,138 44,800 45,77,834 26,30,880 26,30,880 21,400 55,200

26 68 - - 21,60,000 26,30,880 - 11,20,000 13,554 32,65,685 55,200 47,84,304 26,30,880 26,30,880 13,554 55,200

27 69 - - 21,60,000 26,30,880 - 11,20,000 13,554 33,28,027 55,200 50,01,461 26,30,880 26,30,880 13,554 55,200

28 70 - - 21,60,000 26,30,880 - 11,20,000 13,554 34,32,238 55,200 52,91,293 26,30,880 26,30,880 13,554 55,200

29 71 - - 21,60,000 26,30,880 - 11,20,000 13,554 35,36,037 55,200 55,97,864 26,30,880 26,30,880 13,554 55,200

30 72 - - 21,60,000 26,30,880 - 11,20,000 13,554 36,38,842 55,200 59,21,990 26,30,880 26,30,880 13,554 55,200

31 73 - - 21,60,000 26,30,880 - 11,20,000 13,554 37,39,933 55,200 62,64,326 26,30,880 26,30,880 13,554 55,200

32 74 - - - 26,30,880 24,00,000 11,20,000 13,554 - 55,200 - 26,30,880 26,30,880 34,42,674 55,07,280

UIN: 104N135V01 Max Life Insurance Company Limited having its Corporate Office at 11th Floor, DLF Square, Jacaranda Marg, DLF City, Phase II, Gurugram – 122002 Page 3 of 4
Notes:
1. 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.
2. The survival benefits are payable at the end of the policy year.
3. The surrender benefit, death benefit and maturity benefit shown above are at the end of the Policy Year.
4. The Surrender Value is higher of the Guaranteed Surrender Value (GSV) and the Special Surrender Value (SSV).In case survival benefits have been paid out, the same shall be deducted from the Surrender Values indicated, at
the time of pay out.
5. Refer Sales literature (Prospectus) and Policy Document for explanation of terms used in this illustration.
6. Above benefits include terminal bonus payable,if any.
7. The above benefits are with assumptions that save the date option is not selected by you. For details on save the date option , please refer the Policy Document.
8. Under column 15 and 16,Maturity Benefit also includes the 'Terminal Bonus (If Declared) at Maturity'.

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: 7/6/23

Signature / OTP Confirmation Date/ Thumb Impression / Signature / OTP Confirmation Date / Thumb Impression /
Date: 7/6/23 Electronic Signature of Agent / Intermediary / Official Electronic Signature of Prospect / Policyholder
This system generated benefit illustration shall be treated as signed by me.

UIN: 104N135V01 Max Life Insurance Company Limited having its Corporate Office at 11th Floor, DLF Square, Jacaranda Marg, DLF City, Phase II, Gurugram – 122002 Page 4 of 4