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

Mr.

(UIN : 104N135V01)

INSTA INCOME

You shall pay Rs.17,400 (excluding taxes) on an Monthly mode

for 12 years.Your Policy Term is for 32 years.

Starting from 06/Jul/2024

an Income of Rs.77,600* shall
be payable Annually to you
***
for 32 years. The Total Income
over the policy term shall be
Rs.24,83,200*.
From 1st year
Rs.29,760 Rs.47,840^ Rs.77,600
till year 25

From 26th year Not

Rs.77,600& Rs.77,600
till year 32 Applicable

Please note all the incomes listed above shall be paid on Annual Mode
^
Cash Bonus of Rs.47,840 (@8% Illustration)/ Rs.18,000 (@4% Illustration) will be payable Annually from 1st Policy year onwards till year 25
&
Cash Bonus of Rs.77,600 (@8% Illustration)/ Rs.29,197 (@4% Illustration) will be payable Annually from 26th year onwards till year 32
 On 06/Jul/2055 the policy
will mature, Maturity Benefit of
Rs.45,57,840* 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.24,00,000
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.21,57,840
Bonus @8%$

Total Maturity
Rs.45,57,840
Benefit

$The Terminal Bonus of Rs.21,57,840 (@8% Illustration)/Rs.7,29,360 (@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.45,57,840

Cash Bonus + Guaranteed Income*** of Rs.77,600 @8%

Rs.47,840 @8% + Rs.29,760

Premium Payment Term

Age Age
of 12 years
43 years 75 years

Total Premium : Rs. 24,00,000 @4%# : 188% | @8%# : 293%

#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.22,40,000.

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.
***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.
For further information on the product and its plan variants please refer to the Prospectus. If you wish to refer to the Terms and Conditions of the product please read the Policy Document available on the company website.
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 BI/May 2023

 BENEFIT ILLUSTRATION
[Date and Time of Illustration – 06 July 2023, 05:16 PM]

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

Age & Gender: 43 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: 43 Years, Male Unique Identification No: 104N135V01

GST Rate (Base Policy, First Year): 4.50%
Policy Term: 32 Years GST Rate (Base Policy, Subsequent Year): 2.25%
GST Rate (Rider Policy, First Year): NA
Premium Payment Term: 12 Years
GST Rate(Rider Policy,Subsequent Year): NA
Amount of Installment Premium: `18,183
Max Life State: Karnataka
Mode of payment of premium: Monthly Policyholder Residential State: Karnataka

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.) 24,00,000
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.) 22,40,000
Save the date Option No Date of first Survival Benefit payment Saturday, July 06, 2024

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.) 17,400 0 0 0 0 17,400

Installment Premium with first year GST (in Rs.) 18,183 0 0 0 0 18,183
Installment Premium with GST 2nd year onwards (in Rs.) 17,792 0 0 0 0 17,792

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 43 2,00,000 29,760 - 22,40,000 - - 18,000 - 47,840 - 22,40,000 22,40,000 47,760 77,600

2 44 2,00,000 29,760 1,20,000 22,40,000 - - 18,000 1,40,417 47,840 1,57,365 22,40,000 22,40,000 47,760 77,600

3 45 2,00,000 29,760 2,10,000 22,40,000 - - 18,000 2,47,158 47,840 2,86,387 22,40,000 22,40,000 47,760 77,600

4 46 2,00,000 29,760 4,00,000 22,40,000 - - 18,000 4,16,000 47,840 4,33,715 22,40,000 22,40,000 47,760 77,600

5 47 2,00,000 29,760 5,00,000 22,40,000 - - 18,000 5,40,000 47,840 5,76,406 22,40,000 22,40,000 47,760 77,600

6 48 2,00,000 29,760 6,00,000 22,40,000 - - 18,000 6,96,000 47,840 7,53,133 22,40,000 22,40,000 47,760 77,600

7 49 2,00,000 29,760 7,00,000 22,40,000 - - 18,000 8,87,514 47,840 9,61,481 22,40,000 22,40,000 47,760 77,600

8 50 2,00,000 29,760 8,91,360 22,40,000 - - 18,000 11,18,545 47,840 11,99,602 22,40,000 22,40,000 47,760 77,600

9 51 2,00,000 29,760 11,05,740 22,40,000 - - 18,000 13,75,074 47,840 14,66,915 22,40,000 22,40,000 47,760 77,600

10 52 2,00,000 29,760 13,42,800 22,40,000 - - 18,000 16,58,061 47,840 17,66,004 22,40,000 22,40,000 47,760 77,600

11 53 2,00,000 29,760 16,02,920 24,11,640 - - 18,000 19,70,816 47,840 21,01,798 24,11,640 24,11,640 47,760 77,600

12 54 2,00,000 29,760 18,85,680 26,30,880 - - 18,000 23,13,481 47,840 24,76,564 26,30,880 26,30,880 47,760 77,600

13 55 - 29,760 20,22,960 26,30,880 - 11,20,000 18,000 25,09,464 47,840 27,12,809 26,30,880 26,30,880 47,760 77,600

14 56 - 29,760 21,60,000 26,30,880 - 11,20,000 18,000 25,93,573 47,840 28,45,499 26,30,880 26,30,880 47,760 77,600

15 57 - 29,760 21,60,000 26,30,880 - 11,20,000 18,000 26,54,595 47,840 29,60,311 26,30,880 26,30,880 47,760 77,600

16 58 - 29,760 21,60,000 26,30,880 - 11,20,000 18,000 27,16,713 47,840 30,79,818 26,30,880 26,30,880 47,760 77,600

17 59 - 29,760 21,60,000 26,30,880 - 11,20,000 18,000 27,79,958 47,840 32,04,520 26,30,880 26,30,880 47,760 77,600

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 @ 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

18 60 - 29,760 21,60,000 26,30,880 - 11,20,000 18,000 28,44,422 47,840 33,34,874 26,30,880 26,30,880 47,760 77,600

19 61 - 29,760 21,60,000 26,30,880 - 11,20,000 18,000 29,10,233 47,840 34,71,564 26,30,880 26,30,880 47,760 77,600

20 62 - 29,760 21,60,000 26,30,880 - 11,20,000 18,000 29,77,420 47,840 36,15,136 26,30,880 26,30,880 47,760 77,600

21 63 - 29,760 21,60,000 26,30,880 - 11,20,000 18,000 30,46,110 47,840 37,65,909 26,30,880 26,30,880 47,760 77,600

22 64 - 29,760 21,60,000 26,30,880 - 11,20,000 18,000 31,16,458 47,840 39,24,066 26,30,880 26,30,880 47,760 77,600

23 65 - 29,760 21,60,000 26,30,880 - 11,20,000 18,000 31,88,558 47,840 40,90,382 26,30,880 27,36,212 47,760 77,600

24 66 - 29,760 21,60,000 26,30,880 - 11,20,000 18,000 32,62,599 47,840 42,65,540 26,30,880 28,51,662 47,760 77,600

25 67 - 29,760 21,60,000 26,30,880 - 11,20,000 18,000 33,38,767 47,840 44,50,269 26,30,880 29,76,729 47,760 77,600

26 68 - - 21,60,000 26,30,880 - 11,20,000 29,197 34,13,684 77,600 46,39,647 26,30,880 31,06,354 29,197 77,600

27 69 - - 21,60,000 26,30,880 - 11,20,000 29,197 34,90,886 77,600 48,39,873 26,30,880 32,46,872 29,197 77,600

28 70 - - 21,60,000 26,30,880 - 11,20,000 29,197 36,06,046 77,600 50,91,238 26,38,774 34,48,375 29,197 77,600

29 71 - - 21,60,000 26,30,880 - 11,20,000 29,197 37,24,085 77,600 53,08,601 27,34,376 36,65,784 29,197 77,600

30 72 - - 21,60,000 26,30,880 - 11,20,000 29,197 38,44,910 77,600 55,42,874 28,32,795 39,00,056 29,197 77,600

31 73 - - 21,60,000 26,30,880 - 11,20,000 29,197 39,68,426 77,600 57,95,014 29,33,904 41,52,287 29,197 77,600

32 74 - - - 26,30,880 24,00,000 11,20,000 29,197 - 77,600 - 30,35,108 44,19,058 31,58,557 46,35,440

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: 7/6/23

Signature / OTP Confirmation Date/ Thumb Impression / Signature / OTP Confirmation Date / Thumb Impression /
Date: 7/6/23 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