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.1,20,250* shall
be payable Annually to you
***
for 30 years. The Total Income
over the policy term shall be
Rs.36,07,500*.
From 1st year
Rs.32,925 Rs.87,325^ Rs.1,20,250
till year 25

From 26th year Not

Rs.1,20,250& Rs.1,20,250
till year 30 Applicable

Please note all the incomes listed above shall be paid on Annual Mode
^
Cash Bonus of Rs.87,325 (@8% Illustration)/ Rs.17,500 (@4% Illustration) will be payable Annually from 1st Policy year onwards till year 25
&
Cash Bonus of Rs.1,20,250 (@8% Illustration)/ Rs.24,098 (@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.64,91,800* 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.29,91,800
Bonus @8%$

Total Maturity
Rs.64,91,800
Benefit

$The Terminal Bonus of Rs.29,91,800 (@8% Illustration)/Rs.12,80,300 (@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.64,91,800

Cash Bonus + Guaranteed Income*** of Rs.1,20,250 @8%

Rs.87,325 @8% + Rs.32,925

Premium Payment Term

Age Age
of 7 years
55 years 85 years

Total Premium : Rs. 35,00,000 @4%# : 176% | @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.53,00,000.

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, 01:04 PM]

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

Age & Gender: 55 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: 55 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.) 53,00,000
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 55 5,00,000 32,925 - 53,00,000 - - 17,500 - 87,325 - 53,00,000 53,00,000 50,425 1,20,250

2 56 5,00,000 32,925 3,00,000 53,00,000 - - 17,500 3,50,000 87,325 3,65,970 53,00,000 53,00,000 50,425 1,20,250

3 57 5,00,000 32,925 5,25,000 53,00,000 - - 17,500 6,00,000 87,325 6,24,316 53,00,000 53,00,000 50,425 1,20,250

4 58 5,00,000 32,925 10,00,000 53,00,000 - - 17,500 10,40,000 87,325 10,40,000 53,00,000 53,00,000 50,425 1,20,250

5 59 5,00,000 32,925 12,50,000 53,00,000 - - 17,500 13,50,000 87,325 13,50,000 53,00,000 53,00,000 50,425 1,20,250

6 60 5,00,000 32,925 15,00,000 53,00,000 - - 17,500 17,40,000 87,325 19,10,827 53,00,000 53,00,000 50,425 1,20,250

7 61 5,00,000 32,925 17,50,000 53,00,000 - - 17,500 25,52,472 87,325 27,49,783 53,00,000 53,00,000 50,425 1,20,250

8 62 - 32,925 19,49,850 53,00,000 - 26,50,000 17,500 30,79,628 87,325 33,55,180 53,00,000 53,00,000 50,425 1,20,250

9 63 - 32,925 21,50,050 53,00,000 - 26,50,000 17,500 32,47,880 87,325 35,33,546 53,00,000 53,00,000 50,425 1,20,250

10 64 - 32,925 23,49,900 53,00,000 - 26,50,000 17,500 33,72,726 87,325 37,15,678 53,00,000 53,00,000 50,425 1,20,250

11 65 - 32,925 25,50,100 53,00,000 - 26,50,000 17,500 34,89,112 87,325 39,01,965 53,00,000 53,00,000 50,425 1,20,250

12 66 - 32,925 27,49,950 53,00,000 - 26,50,000 17,500 36,06,788 87,325 40,92,795 53,00,000 53,00,000 50,425 1,20,250

13 67 - 32,925 29,50,150 53,00,000 - 26,50,000 17,500 37,25,659 87,325 42,88,495 53,00,000 53,00,000 50,425 1,20,250

14 68 - 32,925 31,50,000 53,00,000 - 26,50,000 17,500 38,45,820 87,325 44,89,518 53,00,000 53,00,000 50,425 1,20,250

15 69 - 32,925 31,50,000 53,00,000 - 26,50,000 17,500 39,30,002 87,325 46,58,175 53,00,000 53,00,000 50,425 1,20,250

16 70 - 32,925 31,50,000 53,00,000 - 26,50,000 17,500 40,15,617 87,325 48,33,389 53,00,000 53,00,000 50,425 1,20,250

17 71 - 32,925 31,50,000 53,00,000 - 26,50,000 17,500 41,02,714 87,325 50,15,808 53,00,000 53,00,000 50,425 1,20,250

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 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 72 - 32,925 31,50,000 53,00,000 - 26,50,000 17,500 41,91,341 87,325 52,06,278 53,00,000 53,00,000 50,425 1,20,250

19 73 - 32,925 31,50,000 53,00,000 - 26,50,000 17,500 42,81,640 87,325 54,05,836 53,00,000 53,00,000 50,425 1,20,250

20 74 - 32,925 31,50,000 53,00,000 - 26,50,000 17,500 43,73,661 87,325 56,15,651 53,00,000 53,00,000 50,425 1,20,250

21 75 - 32,925 31,50,000 53,00,000 - 26,50,000 17,500 44,67,690 87,325 58,37,086 53,00,000 53,00,000 50,425 1,20,250

22 76 - 32,925 31,50,000 53,00,000 - 26,50,000 17,500 45,63,822 87,325 60,71,829 53,00,000 53,00,000 50,425 1,20,250

23 77 - 32,925 31,50,000 53,00,000 - 26,50,000 17,500 46,62,391 87,325 63,22,088 53,00,000 53,00,000 50,425 1,20,250

24 78 - 32,925 31,50,000 53,00,000 - 26,50,000 17,500 47,63,686 87,325 65,90,329 53,00,000 53,00,000 50,425 1,20,250

25 79 - 32,925 31,50,000 53,00,000 - 26,50,000 17,500 48,68,135 87,325 68,79,734 53,00,000 53,00,000 50,425 1,20,250

26 80 - - 31,50,000 53,00,000 - 26,50,000 24,098 50,28,323 1,20,250 72,53,142 53,00,000 55,34,159 24,098 1,20,250

27 81 - - 31,50,000 53,00,000 - - 24,098 51,95,634 1,20,250 75,78,576 53,00,000 58,42,650 24,098 1,20,250

28 82 - - 31,50,000 53,00,000 - - 24,098 53,71,119 1,20,250 79,10,502 53,00,000 61,74,575 24,098 1,20,250

29 83 - - 31,50,000 53,00,000 - - 24,098 55,56,929 1,20,250 82,67,551 53,00,000 65,31,754 24,098 1,20,250

30 84 - - - 53,00,000 35,00,000 - 24,098 - 1,20,250 - 53,00,000 69,10,616 48,04,398 66,12,050

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