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Name of the Prospect/Policyholder: Ms. SARIKA VINOD MALI Name of the Product: Max Life Monthly Income Advantage Plan
Age & Gender: 34 Years, Female Tag Line: A Non-Linked Participating Individual Life Insurance Savings Plan
Name of the Life Assured: Ms. SARIKA VINOD MALI Unique Identification No: 104N091V06
Age & Gender: 34 Years, Female GST Rate: 4.50%
Policy Term: 25 Years Max Life State: Maharashtra
Premium Payment Term: 15 Years Policyholder Residential State: Maharashtra
Amount of Installment Premium: `2,15,191
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.) 38,27,751
Bonus Type Compound Reversionary Bonus Sum Assured on Death (at inception of the policy) (in Rs.) 38,27,751
Rider Details
Accidental Death & Dismemberment (ADD) Rider Premium
15 Pay 25 Accidental Death & Dismemberment (ADD) Rider Sum Assured (in Rs.) 38,00,000
Payment Term and Rider Term
Term Plus Rider Term NA Term Plus 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.) 2,00,000 5,247 2,05,247
Installment Premium with first year GST (in Rs.) 2,09,000 6,191 2,15,191
Installment Premium with GST 2nd year onwards (in Rs.) 2,04,500 6,191 2,10,691
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 - - 3,82,775 - 38,27,751 - 13,183 - 3,05,048 1,03,852 - 36,69,070 3,05,048 36,69,070 38,27,751 38,27,751
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, Mr. Sunil NARAYAN Pol (name), have explained the premiums, and benefits under the I, SARIKA VINOD MALI (name), having received the information with respect to the above,
product fully to the prospect / policyholder. have understood the above statement before entering into the contract.
Place:
Date: 4/9/24 Signature / OTP Confirmation Date / Thumb Impression / Date:4/9/24 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.