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Name of the Prospect/Policyholder: Mr. Chigili Name of the Product: Max Life Online Savings Plan
Tag Line: A Unit Linked Non Participating Individual Life Insurance Plan
Age & Gender: 22 Years, Male
Policy Option: Variant 1
Name of the Life Assured: Mr. Chigili Unique Identification No: 104L098V05
GST Rate: 18.00%
Age & Gender: 22 Years, Male Max Life State: Haryana
Policyholder Residential State: Haryana
Sum Assured: `3,60,000 Investment Strategy Opted for: NA
Policy Term & Premium Payment Term: 10 Years & 10 Years
Funds opted for along with their risk level
Amount of Installment Premium: `3,000 [Please specify the customer specific fund
Mode of payment of premium: Monthly option):
Midcap Momentum Index Fund (Risk Rating-Very High) :
100%
Net Yield mentioned corresponds to the gross investment return of 8% p.a., net of all charges but does not consider mortality, morbidity charges, underwriting extra, if any, guarantee charges and cost of riders, if
deducted by cancellation of units. It demonstrates the impact of charges exclusive of taxes on the net yield. Please note that the mortality charges per thousand sum assured in general, increases with age.
The actual returns can vary depending on the performance of the chosen fund, charges towards mortality, morbidity, underwriting extra, cost of riders, etc. The investment risk in this policy is borne by the
policyholder, hence, for more details on terms and conditions please read sales literature carefully.
Part A of this statement presents a summary view of year-by-year charges deducted under the policy, fund value, surrender value and the death benefit, at two assumed rates of return. Part B of this statement
presents a detailed break-up of the charges, and other values.
Note: 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. 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 actual
future investment performance.
Rider Details
Critical Illness and Disability-Secure Rider - Rider Premium Payment Term and Rider Term NA Critical Illness and Disability Rider - Coverage Variant NA
Premium Summary
Max Life Critical Illness and Disability-Secure Rider
Base Plan Total Installment Premium
Installment Premium with first year GST (in Rs.) 3,000 0 3,000
Installment Premium with GST 2nd year onwards (in Rs.) 3,000 0 3,000
(Amount in Rupees.)
At 4% p.a. Gross Investment Return At 8% p.a. Gross Investment Return
Commission
Policy Annualized
payable to
Year Premium Mortality, Morbidity Fund at End Surrender Mortality, Fund at End Surrender
Other Charges* GST Death Benefit Other Charges* GST Death Benefit intermediary
Charges of Year Value Morbidity Charges of Year Value
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15
1 36,000 255 246 90 36,174 32,634 3,60,000 255 249 91 36,926 33,386 3,60,000 -
2 36,000 234 707 169 73,266 70,906 3,60,000 233 730 173 76,246 73,886 3,60,000 -
3 36,000 208 1,181 250 1,11,305 1,09,535 3,60,000 204 1,243 260 1,18,121 1,16,351 3,60,000 -
4 36,000 180 1,666 332 1,50,315 1,49,135 3,60,000 173 1,788 353 1,62,718 1,61,538 3,60,000 -
5 36,000 151 2,164 417 1,90,324 1,90,324 3,60,000 138 2,369 451 2,10,215 2,10,215 3,60,000 -
6 36,000 118 2,674 503 2,31,358 2,31,358 3,60,000 99 2,988 556 2,60,803 2,60,803 3,60,000 -
7 36,000 86 3,198 591 2,73,443 2,73,443 3,60,000 58 3,647 667 3,14,684 3,14,684 3,60,000 -
8 36,000 53 3,735 682 3,16,606 3,16,606 3,60,000 15 4,349 785 3,72,070 3,72,070 3,72,070 -
9 36,000 17 4,286 775 3,60,878 3,60,878 3,60,878 - 5,096 917 4,33,153 4,33,153 4,33,153 -
10 36,000 - 4,851 873 4,06,262 4,06,262 4,06,262 - 5,891 1,060 4,98,150 4,98,150 4,98,150 -
*See Part B for details
IN THIS POLICY, THE INVESTMENT RISK IS BORNE BY THE POLICYHOLDER AND THE ABOVE INTEREST RATES ARE ONLY FOR ILLUSTRATIVE PURPOSE.
I ALSO UNDERSTAND THAT WHILST 100% OF MY FIRST YEAR PREMIUM WILL BE INVESTED IN UNIT LINKED INVESTMENT FUNDS THERE ARE CHARGES DURING THE FIRST POLICY
YEAR AS GIVEN IN THE BENEFIT ILLUSTRATION.
I, ……………………………………………. (name), have explained the premiums, charges and I, Chigili (name), having received the information with respect to the above, have understood the
benefits under the policy fully to the prospect / policyholder. above statement before entering into the contract.
Place:
Date: 3/21/24 Signature / OTP Confirmation Date / Thumb Impression / Date:3/21/24 Signature / OTP Confirmation Date / Thumb Impression /
Electronic Signature of Agent/ Intermediary / Official Electronic Signature of Prospect/ Policyholder
I, ……………………………………………. (name), have explained the premiums, charges and I, Chigili (name), having received the information with respect to the above, have understood the
benefits under the policy fully to the prospect / policyholder. above statement before entering into the contract.
Place:
Date: 3/21/24 Signature / OTP Confirmation Date / Thumb Impression / Date:3/21/24 Signature / OTP Confirmation Date / Thumb Impression /
Electronic Signature of Agent/ Intermediary / Official Electronic Signature of Prospect/ Policyholder