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

Mr.

(UIN : 104N135V01)

INSTA INCOME

You shall pay Rs.5,00,000 (excluding taxes) on an Annual mode

for 7 years.Your Policy Term is for 30 years.

Starting from 18/Mar/2025

an Income of Rs.1,34,000* shall
be payable Annually to you
***
for 30 years. The Total Income
over the policy term shall be
Rs.40,20,000*.
From 1st year
Rs.37,050 Rs.96,950^ Rs.1,34,000
till year 25

From 26th year Not

Rs.1,34,000& Rs.1,34,000
till year 30 Applicable

Please note all the incomes listed above shall be paid on Annual Mode
^
Cash Bonus of Rs.96,950 (@8% Illustration)/ Rs.20,000 (@4% Illustration) will be payable Annually from 1st Policy year onwards till year 25
&
Cash Bonus of Rs.1,34,000 (@8% Illustration)/ Rs.27,643 (@4% Illustration) will be payable Annually from 26th year onwards till year 30
 On 18/Mar/2054 the policy
will mature, Maturity Benefit of
Rs.60,80,900* 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.35,00,000
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.25,80,900
Bonus @8%$

Total Maturity
Rs.60,80,900
Benefit

$The Terminal Bonus of Rs.25,80,900 (@8% Illustration)/Rs.16,49,900 (@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.60,80,900

Cash Bonus + Guaranteed Income*** of Rs.1,34,000 @8%

Rs.96,950 @8% + Rs.37,050

Premium Payment Term

Age Age
of 7 years
45 years 75 years

Total Premium : Rs. 35,00,000 @4%# : 191% | @8%# : 288%

#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 is Rs.55,00,000.

Any accrued survival benefit, if not paid earlier, shall be paid in addition to death benefit.

^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.
^^ADB cover is restricted to 80 years of age. ***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.

Axis Bank Limited is a Co-promoter and a Corporate Agent of Max Life Insurance Co. Ltd. Axis Bank Limited, Bombay Dyeing Mills Compound, Pandurang Budhkar Marg, Worli, Mumbai – 400 025. The purchase of a Max Life Insurance product(s) by Axis Bank's customer is
purely on a voluntary basis. As Axis Bank is not in the business of insurance, there is no link either direct or indirect between the banking services offered by the bank to its customers and use of the insurance products.

The brand ambassador as depicted herein, have endorsed only Max Life Insurance Products and are not in any manner endorsing Axis Bank Limited and do not have any kind of association or relationship, with Axis Bank Limited.

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 Axis BI/May 2023

 BENEFIT ILLUSTRATION
[Date and Time of Illustration – 18 March 2024, 01:07 PM]

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

Age & Gender: 45 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: 45 Years, Male Unique Identification No: 104N135V01

GST Rate (Base Policy, First Year): 4.50%
Policy Term: 30 Years GST Rate (Base Policy, Subsequent Year): 2.25%
GST Rate (Rider Policy, First Year): NA
Premium Payment Term: 7 Years
GST Rate(Rider Policy,Subsequent Year): NA
Amount of Installment Premium: `5,22,500
Max Life State: Gujarat
Mode of payment of premium: Annual Policyholder Residential State: Gujarat

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.) 35,00,000
Policy Continuance Benefit Option No 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.) 55,00,000
Save the date Option No Date of first Survival Benefit payment Tuesday, March 18, 2025

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.) 5,00,000 0 0 0 0 5,00,000

Installment Premium with first year GST (in Rs.) 5,22,500 0 0 0 0 5,22,500
Installment Premium with GST 2nd year onwards (in Rs.) 5,11,250 0 0 0 0 5,11,250

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 45 5,00,000 37,050 - 55,00,000 - - 20,000 - 96,950 - 55,00,000 55,00,000 57,050 1,34,000

2 46 5,00,000 37,050 3,00,000 55,00,000 - - 20,000 3,50,000 96,950 3,86,416 55,00,000 55,00,000 57,050 1,34,000

3 47 5,00,000 37,050 5,25,000 55,00,000 - - 20,000 6,00,000 96,950 6,54,963 55,00,000 55,00,000 57,050 1,34,000

4 48 5,00,000 37,050 10,00,000 55,00,000 - - 20,000 10,40,000 96,950 10,40,000 55,00,000 55,00,000 57,050 1,34,000

5 49 5,00,000 37,050 12,50,000 55,00,000 - - 20,000 13,50,000 96,950 13,89,482 55,00,000 55,00,000 57,050 1,34,000

6 50 5,00,000 37,050 15,00,000 55,00,000 - - 20,000 17,76,991 96,950 19,75,018 55,00,000 55,00,000 57,050 1,34,000

7 51 5,00,000 37,050 17,50,000 55,00,000 - - 20,000 26,39,619 96,950 28,33,426 55,00,000 55,00,000 57,050 1,34,000

8 52 - 37,050 19,49,850 55,00,000 - 27,50,000 20,000 32,65,924 96,950 34,57,770 55,00,000 55,00,000 57,050 1,34,000

9 53 - 37,050 21,50,050 55,00,000 - 27,50,000 20,000 33,87,282 96,950 36,42,282 55,00,000 55,00,000 57,050 1,34,000

10 54 - 37,050 23,49,900 55,00,000 - 27,50,000 20,000 35,09,927 96,950 38,30,139 55,00,000 55,00,000 57,050 1,34,000

11 55 - 37,050 25,50,100 55,00,000 - 27,50,000 20,000 36,34,013 96,950 40,21,644 55,00,000 55,00,000 57,050 1,34,000

12 56 - 37,050 27,49,950 55,00,000 - 27,50,000 20,000 37,59,491 96,950 42,17,163 55,00,000 55,00,000 57,050 1,34,000

13 57 - 37,050 29,50,150 55,00,000 - 27,50,000 20,000 38,86,513 96,950 44,16,999 55,00,000 55,00,000 57,050 1,34,000

14 58 - 37,050 31,50,000 55,00,000 - 27,50,000 20,000 40,15,183 96,950 46,21,639 55,00,000 55,00,000 57,050 1,34,000

15 59 - 37,050 31,50,000 55,00,000 - 27,50,000 20,000 41,12,156 96,950 47,96,769 55,00,000 55,00,000 57,050 1,34,000

16 60 - 37,050 31,50,000 55,00,000 - 27,50,000 20,000 42,11,034 96,950 49,77,675 55,00,000 55,00,000 57,050 1,34,000

17 61 - 37,050 31,50,000 55,00,000 - 27,50,000 20,000 43,11,920 96,950 51,65,028 55,00,000 55,00,000 57,050 1,34,000

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 62 - 37,050 31,50,000 55,00,000 - 27,50,000 20,000 44,15,073 96,950 53,59,373 55,00,000 55,00,000 57,050 1,34,000

19 63 - 37,050 31,50,000 55,00,000 - 27,50,000 20,000 45,20,543 96,950 55,61,381 55,00,000 55,00,000 57,050 1,34,000

20 64 - 37,050 31,50,000 55,00,000 - 27,50,000 20,000 46,28,536 96,950 57,71,962 55,00,000 55,00,000 57,050 1,34,000

21 65 - 37,050 31,50,000 55,00,000 - 27,50,000 20,000 47,39,208 96,950 59,91,848 55,00,000 55,00,000 57,050 1,34,000

22 66 - 37,050 31,50,000 55,00,000 - 27,50,000 20,000 48,52,660 96,950 62,22,071 55,00,000 55,00,000 57,050 1,34,000

23 67 - 37,050 31,50,000 55,00,000 - 27,50,000 20,000 49,69,202 96,950 64,63,726 55,00,000 55,00,000 57,050 1,34,000

24 68 - 37,050 31,50,000 55,00,000 - 27,50,000 20,000 50,88,989 96,950 66,68,409 55,00,000 55,00,000 57,050 1,34,000

25 69 - 37,050 31,50,000 55,00,000 - 27,50,000 20,000 52,12,277 96,950 68,36,120 55,00,000 55,00,000 57,050 1,34,000

26 70 - - 31,50,000 55,00,000 - 27,50,000 27,643 53,95,820 1,34,000 70,79,174 55,00,000 55,00,000 27,643 1,34,000

27 71 - - 31,50,000 55,00,000 - 27,50,000 27,643 55,86,469 1,34,000 73,43,571 55,00,000 55,00,000 27,643 1,34,000

28 72 - - 31,50,000 55,00,000 - 27,50,000 27,643 57,84,586 1,34,000 76,29,130 55,00,000 57,71,269 27,643 1,34,000

29 73 - - 31,50,000 55,00,000 - 27,50,000 27,643 59,90,942 1,34,000 79,35,668 55,00,000 60,77,868 27,643 1,34,000

30 74 - - - 55,00,000 35,00,000 27,50,000 27,643 - 1,34,000 - 55,00,875 64,02,831 51,77,543 62,14,900

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: 3/18/24

Signature / OTP Confirmation Date/ Thumb Impression / Signature / OTP Confirmation Date / Thumb Impression /
Date: 3/18/24 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