MAX LIFE LIFE GAIN PLUS

A Life PlanMax Life Life Gain Plus® 20/25 Participating Plan
Life is a journey for us, and throughout our journey we come across many obstacles, milestones and crossroads. Many external factors like rising prices, increasing responsibilities catch us off guard and affect our lifestyle. During such periods, our heart longs for a holiday where we could just relax with our loved ones.
Max Life Life Gain Plus® 20/25 Participating Plan provides a unique opportunity where you could just relax without worrying about your lifestyle. It's like an extended vacation from where you need not come back, because your wealth continues to grow and your lifestyle is guaranteed.
Policy Features

• Guaranteed Maturity Benefit – 110% of Sum Assured Plus accrued bonuses, if any.

• Guaranteed Death Benefit – 200% of Sum Assured Plus accrued bonuses, if any, from 5th policy anniversary onwards

• Flexible Bonus Options

• Limited Premium Payment Term

Maturity Benefits
Upon maturity of the policy, we shall pay you 110% of the Sum Assured together with Sum Assured of all paid up additions (if any)
Death Benefits

• Upon death of life insured in the first five years of policy enforcement – 100% Sum Assured plus sum assured of paid up additions, if any.

• Upon death of life insured after five years of policy enforcement – 200% of the Sum Assured plus sum assured of paid up additions, if any.

Eligibility and Benefits of attaching Max Life Term Rider with your Max Life Life Gain Plus® 20/25 Participating PlanThe Max Life Term Rider (UIN - 104B019V01) allows you to purchase additional life cover at low cost. The benefit under Term Rider is paid in addition to the base plan in the event of death of the life insured.

Benefit	Additional life cover at low cost
Entry Age	20-55 years
Expiry Age	60 Years
Minimum Sum Assured	Rs 1 Lakh
Maximum Sum Assured	Rs 10 Lakhs

For more details on the rider and the various terms and conditions, please refer to the rider brochure
Bonus Options:
From third policy year onwards, you may be eligible for bonus and these will be paid out, based on your choice of bonus option:

• Cash Bonuses: Bonuses declared paid to policyholder in cash

• Premium Offset: Bonuses declared can be used to pay a part of the premium

• Paid Up Additions: Bonuses declared can be used to buy single premium endowment benefit, which in turn can increase the Sum Insured and this will mature along with base policy

Please note that bonuses are not guaranteed and may be declared by the Company from time to time.
Terminal Illness Benefit:
Under this plan the Life Insured can avail the terminal illness benefit. With this, the Life Insured has access to a portion of the Policy’s Death Benefit, should he be diagnosed with terminal illness with a life expectancy of 6 months or less.
Rider Options
To enhance the value of your Max Life Life Gain Plus® Participating Plan or customize it to suit your individual needs, you can add the following riders:

• Max Life Personal Accident Benefit Rider  - Offers you additional benefit against death in an accident or Total and Permanent disability caused by an accident

• Max Life Term Rider  – It allows you to buy an additional life cover.

• Max Life Dread Disease Rider  - This rider provides additional benefit against dread diseases

• Max Life Waiver of Premium Rider  - Waiver of future premiums in case of total disability of life insured due to injury or sickness

• Max Life Five Year Term Renewable and Convertible Term Insurance (Non-Participating) Rider - This rider offers renewable additional life cover for a 5 year term with an option to convert to a permanent insurance plan

For more details on the riders and the various terms and conditions, please refer to the rider brochures
Disclaimers
Max Life Insurance Company Limited is a Joint Venture between Max India Ltd and Mitsui Sumitomo Insurance Co. Ltd. Max Life Insurance Co. Ltd.11th Floor, DLF Square Building, Jacaranda Marg, DLF City Phase II, Gurgaon - 122002 (Haryana). For more details on risk factor, Terms and Conditions, please read the sales brochure 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.
Insurance is the subject matter of solicitation. For further details, call Toll free number 1800 200 4006
This Life Insurance Product Is Offered and Underwritten By Max Life Insurance Co. Ltd. Life Insurance Coverage Is Available In This Product. . The Life Insurance contract is between the Proposer and Max Life Insurance Co. Ltd.
Axis Bank Limited is the Corporate Agent of Max Life Insurance Co. Ltd. Axis Bank Limited, Bombay Dyeing Mills Compound, Pandurang Budhkar Marg, Worli, Mumbai – 400025. Corporate Agent License No: 1891411

HOW TO CHOOSE A CHILD PLAN

Selecting an insurance policy for children is one of the best ways to secure their future. It provides them with the required economic support. Child plans primarily aid in higher education and marriage expenses. In case of loss of the main breadwinner, a child plan can remarkably safeguard the child's future.
Though each plan is unique, certain important factors that one must keep in mind while selecting a child plan are:(a) When and what is the expected requirement:*Planning for a child’s future should start as soon as he/she becomes a part of your world. Starting early will help you keep ahead of your child’s requirements. Invest such that you get optimal returns and ensure that the child gets the money no matter what the circumstances.
There are two primary needs for which parents should plan - education and marriage of the child. You need to consider the time and year of required funds for the respective events. The maturity amount should be sufficient to meet the future needs. By future needs, we mean not just academic needs; the plan should also provide for extra-curricular talents and interests. Tomorrow if your child wants to learn how to play the piano or pursue their interest in lawn tennis further, you need to make arrangements such that they can be taken care of satisfactorily. While planning for the amount of expenses, keep in mind the inflation, which may increase your requirements manifold.
(b) Features offered by the plan:*All plans have different characteristics. One needs to minutely differentiate between the various features of policies according to specific needs and then choose a policy which best suits their needs. Some comparable features that could be considered are as follows:
Self-funding of premiums: In case of death of the provider, insurance companies have an arrangement, which allow continuation of the plan without the burden of premium payments. Insurance companies take it upon themselves to ensure that the child gets the maturity benefit.
Flexibility of the plan: Child insurance plans allow for partial withdrawals; this proves useful to take care of urgent needs without disturbing the regular expenses and income matrix. The flexibility to switch investments from one fund to another lets you capitalise on the market conditions and gain/protect yourself from market volatilities.
A comparison of the free switches and redirection of investments permissible in a year gives you the freedom to plan your finances better.ULIPsFund options:While a financial advisor provides help for picking the right fund and creating a judicious mix of investments, one must look out for the fund offerings by the company. Max Life Insurance, for example, offers a variety of 8 funds ranging from complete debt exposure to complete equity exposure. There are certain plans which also provide dynamic opportunity fund which automatically and depending on one’s age and risk-taking capabilities transfers monies from equity to debt. 
Traditional PlansBonus pay outs:Look for the bonuses you are eligible for in the plan. Bonuses usually start getting accumulated from the 2nd policy year onwards and add to the corpus substantially. You may also want to check the type of bonuses associated with your plan. For example, whether it is cash bonus and the options allowed with it or in the case of reversionary bonus you may want to check if it is simple orcompounded.

CHILD PLANS

Our range of child plans


Max Life Shiksha Plus II

A child plan that provides 360 degree cover to ensure your child's bright future...

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Max Life College Plan

Provide for not only your child’s education but encourage their other talents...

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Before you get started, you will need to know

Why choose a child plan?

Just like your child has a personality of his own, he also needs an insurance plan to suit his / her specific and future needs. Take a child plan and
Ensure enough corpus for his/her education
Assist him/her pursue a career of his choice
Fulfill your responsibility with a dream wedding

How to choose a child plan?

Make an estimate of your child’s future needs so that you can decide on the right plan.
Determine your risk appetite
Decide if you want to reap the benefits at once or partly at different stages of life
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When is the right time?

As soon as you hold the baby in your arms for the first time. After all, your child deserves the best from day one.


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