url
stringlengths 4
32
| paragraph
stringlengths 7
388k
|
|---|---|
maxlifeinsurance.com | For Return of Premium -~The Return of Premium Option is available on payment of Additional Premium. Premium does not include amount paid for riders and is excluding taxes, cesses and levies. Upon Policyholder's selection of Return of Premium variant this product shall be a Non-Linked Non-Participating Individual Life Insurance Savings Plan. |
maxlifeinsurance.com | ~Accidental death benefit is available in call variants except for Single premium variant. Life insurance coverage is available in this product. |
maxlifeinsurance.com | It can be favourable to opt for a term plan with return of premium since it offers maturity benefit along with death benefit. Nevertheless, it is up to you to assess your financial requirements and purchase accordingly. |
maxlifeinsurance.com | Depending on your financial requirements, you can choose a suitable plan for your family. |
maxlifeinsurance.com | Under this premium payment option for TROP, you pay premiums at regular intervals throughout the policy tenure. You can choose to pay them on an annual, half-yearly, quarterly or monthly basis. |
maxlifeinsurance.com | 9The percentage savings is for a regular pay Max Life Smart Secure Plus Plan (A Non Linked Non Participating Individual Pure Risk Premium Life Insurance Plan, UIN: 104N118V09)â Life Option for 1 cr life cover for a 35 year old, non-smoker male for a policy term of 40 years vs a 10 year policy term with the same detailsâ |
maxlifeinsurance.com | Corporate Office :Â Max Life Insurance Co. Ltd. 11th Floor, DLF Square Building, Jacaranda Marg, DLF City Phase II, Gurugram (Haryana) - 122002. |
maxlifeinsurance.com | In the unfortunate case of your demise, their expenses will be taken care of with the death benefit. You will have the peace of mind that they will be financially independent even when you are not around. In the case of surviving the policy, you can have the satisfaction of receiving back the premiums paid throughout the TROP tenure. |
maxlifeinsurance.com | The secret to a long and eventful life is to live in the presence of family and friends. To prolong our happiness, we invest not only in healthier⦠|
maxlifeinsurance.com | >Extended cover of up to 85 years is available with gold and platinum variant only |
maxlifeinsurance.com | With over 15 years in life insurance, Vaibhav is a recognized products and digital leader for driving innovation at Max Life. He's played a pivotal role in developing new business lines and implementing successful D2C strategies. |
maxlifeinsurance.com | Life insurance plans are in place to help you create a sound financial plan to deal with unforeseen circumstances. The contract between the insured⦠|
maxlifeinsurance.com | 5Criteria applicable only for âTerm plansâ for Graduate, Indian resident with declared income >= 10 lacs with CIBIL score >= 650 (salaried) and >= 700 (self-employed) with no disclosed medical condition |
maxlifeinsurance.com | ^5Disclaimer: Standard premium for 24-year old healthy male, non-smoker, 25 years policy term, 25 year premium payment term (exclusive of GST) for Max Life Smart Total Elite Protection Term Plan (UIN: 104N125V05) with a life cover of Rs. 2 Cr. |
maxlifeinsurance.com | Disclaimer: ~10 year CAGR of Nifty SmallCap 250 Quality50 index as on 24/07/2023. Max Life Nifty Smallcap Quality Index Fund is passively managed Index fund that tracks the Nifty SmallCap 250 Quality50 index (subject to tracking error). |
maxlifeinsurance.com | The premium rates may vary for a smoker and a non-smoker since the insurer is providing coverage for risk. A person with smoking habits comes under the high-risk category. |
maxlifeinsurance.com | ##Policy continuance benefit is not available with lifelong wealth variant. **The accrued income will be accumulated on an annual basis at the prevailing reverse repo rate (publish on RBIâs website). |
maxlifeinsurance.com | #With âSave the dateâ, you can choose to take your annual income to any special date in a year. |
maxlifeinsurance.com | Disclaimer:**+NIFTY 500 Momentum 50 Index was launched in June'24. The past returns are back tested based on historical returns and formula (provided by NSE). These are returns of benchmark indices as on 11 Juneâ24 and are not indicative of returns on Max Life Insuranceâs newly launched NIFTY 500 Momentum 50 Fund. Max Lifeâs NIFTY 500 Momentum 50 Fund (SFIN:ULIF03014/08/24MOMENFIFTY104) is a passively managed Index Fund that mirrors NSEâs NIFTY 500 Momentum 50 Index, subject to tracking error. The fund value calculation is done by projecting historical returns of NSEâs NIFTY 500 Momentum 50 Index, after adjusting for all expenses (except tracking error) in Max Lifeâs Online Savings Plan (UIN: 104L098V06) for a 30 year old male investing 10k per month for 10 years. The above values have been calculated assuming 25% p.a. gross investment returns as on 11 June'24, which is the 10-year return of NSE's NIFTY 500 Momentum 50 Index (backtested). |
maxlifeinsurance.com | You can choose the required sum assured and policy period and pay the premiums, accordingly. When the policy matures, the insurance provider will return the premiums paid to the policyholder. |
maxlifeinsurance.com | As awareness of various benefits of life insurance plans rises among Indians concepts such as return of premium are being understood better as witnessed in the recent Max Life Insurance India Protection Quotient (IPQ 6.0) survey conducted jointly by Kantar. The survey recorded that knowledge quotient of Indians with respect to life insurance products had increased to 61 in IPQ 6.0 as compared to 57 that was recorded in the earlier survey, IPQ 5.0. |
maxlifeinsurance.com | While you may compare online which plan suits you the best. Some of the benefits of taking Term Insurance plans from Max Life are: |
maxlifeinsurance.com | Graduating linearly from 56% to 90% during the last two policy years Minimum (56% + [(34% x (N-7)) /(Policy Term - 8)], 90%) N : Year of Surrender |
maxlifeinsurance.com | 7Disclaimer: Rs. 1,00,29,587 after 14 years at policy maturity on monthly investment of Rs. 16,600 for 12 years for 30 year old male with Max Life Smart Wealth Plan â Long Term Variant. A non-linked non-participating individual life insurance savings plan. The guaranteed benefits are applicable only if all due premiums are paid. Total premiums paid is exclusive of GST. Life Insurance is available in this product. ARN: WP/SWP/250723. |
maxlifeinsurance.com | It can be heavy on your pocket to manage the current expenses and put a large sum aside for the future. Therefore, the assurance of a maturity benefit with a term plan with return of premium can be helpful. |
maxlifeinsurance.com | Generally, most of the Life insurance companies in India offer term insurance plans with return of premium benefits. |
maxlifeinsurance.com | Online Helpline - 0124 648 8900 (09:00 AM to 09:00 PM Monday to Saturday). |
maxlifeinsurance.com | Insurance is the subject matter of solicitation. For more details on the risk factors, Terms and Conditions, please read the sales and rider prospectus carefully before concluding a sale. Tax benefits are eligible for tax exemption on fulfilling conditions mentioned under Section 10(10D) of income tax act 1961. Tax exemptions are as per our understanding of law and as per prevailing provisions of income tax at 1961. Policy holders are advised to consult tax expert for better clarification /interpretation. Please note that all the tax benefits are subject to tax laws at the time of payment of premium or receipt of policy benefits by you. Tax benefits are subject to changes in tax laws. The monthly Income Benefit and Terminal Benefit may be taxable subject to extra premium being loaded at underwriting stage. |
maxlifeinsurance.com | @64 critical illnesses covered in platinum and platinum plus variant on payment |
maxlifeinsurance.com | Yes, term insurance plans with return of premium benefit offer to pay back the total amount of annualised premiums paid {Exclusive of taxes^} once you outlive the coverage tenure. In other words, if nothing happens to you throughout the term insurance policy period, you will receive the entire amount (exclusive of taxes) that you have paid for the plan. |
maxlifeinsurance.com | But, if Mr. Patel survives the policy term, he will be eligible for a maturity benefit under the term plan with return of premium. He will receive Rs. 5,08,720 (12718 x 40) upon maturity of the policy. |
maxlifeinsurance.com | The surrender value of the TROP plan is subject to the below-mentioned criteria: |
maxlifeinsurance.com | Purchasing a Term insurance plans with return of premium option or TROP plan is a good deal, especially when you consider the amount of coverage the plan would provide to your family, should anything happen to you. |
maxlifeinsurance.com | For Total Installment Premium -Total Installment Premium is the Premium payable as per premium paying frequency chosen, it excludes GST and applicable taxes, cesses or levies, if any; and includes loadings for modal premiums, Underwriting Extra Premium and Rider Premiums if any. |
maxlifeinsurance.com | You can get a tax deduction of up to Rs. 1.5 lakhs on the premiums paid for a term plan with return of premium. |
maxlifeinsurance.com | Term plan with return of premium option also provides additional benefits such as waiver of premium, accidental death benefit, disability benefit, and protection against critical illnesses. Investing in TROP can bring a sense of overall protection for policyholders. |
maxlifeinsurance.com | ^Individual Death Claim Paid Ratio as per audited financials for FY 2023-2024 |
maxlifeinsurance.com | *~Disclaimer | Max Life Smart Secure Plus Plan. A non-linked non-participating individual pure risk premium life insurance plan |Benefit available with special exit value -Total premium paid inclusive of any extra premium but exclusive of all applicable taxes, cesses or levies & modal extra. The premium calculated as per Standard premium for 30 year old healthy male, non-smoker, 40 years policy term, 40 years premium payment term (exclusive of GST) for Max Life Smart Secure Plus Plan. |
maxlifeinsurance.com | Illustration â Suppose you bought a term insurance plan with a return of premium option for a Sum Assured of Rs 1 crore at a premium of Rs 25,000 per annum (Exclusive of GST)* with a policy term of 30 years. In the case of your demise within 30 years of buying the policy (i.e., the policy period), your family would receive the Sum Assured of Rs 1 crore. |
maxlifeinsurance.com | Yes, policyholders can strengthen the coverage offered by TROP by adding riders of their choice. Different types of riders can be added depending on the personal requirements to get comprehensive coverage. |
maxlifeinsurance.com | Purchasing a term plan with return of premium means makes a person eligible for tax benefits. You can avail of the benefits as per the prevailing tax laws. Under Section 80C and 10 (10D), the premium paid towards the term plan and the benefit amount are tax-free. |
maxlifeinsurance.com | Claims for policies completed 3 continuous years. All mandatory documents should be submitted before 3:00pm on a working day. Claim amount on all eligible policies4 is less than Rs. 1 Crore. Claim does not warrant any field verification. Mandatory Documents:> Original policy document > Original/attested copy of death certificate issued by local municipal authority > Death claim application form (Form A) > NEFT mandate form attested by bank authorities along with a cancelled cheque or bank account passbook along with nomineeâs photo identity proof > Discharge/Death summary attested by hospital authorities or FIR & Post Mortem Report/viscera report (in case of accidental death) |
maxlifeinsurance.com | Given the increasing cost of living and responsibilities in life, each one of us is looking for ways to manage money efficiently. The financial instruments that offer an opportunity to build wealth and get life security can be an excellent choice to achieve that. |
maxlifeinsurance.com | This Sum Assured which is paid to the family/nominee(s) in the event of death of the life insured is the death benefit under the return of premium term plan. |
maxlifeinsurance.com | You can also enhance your financial protection by opting for Add-ons/Riders (upon payment of the additional premium) against accidental death, life-threatening ailments etc. |
maxlifeinsurance.com | Suppose you purchased a term insurance plan with a return of premium option for a Sum Assured of Rs 1 crore and pay a premium of Rs 20,000 per annum (inclusive GST)* with a policy term of 30 years. In the case of your unfortunate demise within 30 years of buying the policy (i.e., the policy period), your family would receive the Sum Assured of Rs 1 crore. |
maxlifeinsurance.com | ^3Disclaimer: Standard premium for 24-year old healthy male, non-smoker, 25 years policy term,25 year premium payment term (exclusive of GST) for Max Life Smart Total Elite Protection Term Plan (UIN: 104N125V05) with a life cover of Rs. 1 Cr. |
maxlifeinsurance.com | *Available on Payment of Additional Premium. The accident cover will only be paid in scenarios where death occurs due to accident. |
maxlifeinsurance.com | The annual premium payable for his plan is Rs. 12,718 for a tenure of 40 years, i.e. till the maturity of the policy. If Mr. Patel passes away within the policy tenure, the person assigned as the nominee will receive the sum assured of Rs. 50 lakhs. |
maxlifeinsurance.com | The surrender value is the higher of Guaranteed Surrender Value (GSV) or Special Surrender Value (SSV) |
maxlifeinsurance.com | (Source: Individual Death Claim Paid Ratio as per audited financials for FY 2023-2024) |
maxlifeinsurance.com | % of Total Annualised Premiums plus underwriting extra premiums, if any, paid |
maxlifeinsurance.com | It is in your best interest to map the objective of an investment carefully before buying a plan. |
maxlifeinsurance.com | âTotal premiums paid plus underwriting extra premiums, if any, for base policyâ refers to the total of all annualised premium paid plus underwriting extra premium, if any, under the policy including premiums for Life Stage Add on Sum Assured (if any). |
maxlifeinsurance.com | *^Total premiums paid inclusive of any extra premium but exclusive of all applicable taxes, cesses or levies and modal extra. Return of premium option is available on payment of additional premium. |
maxlifeinsurance.com | <Due to system constraints, employee is requested to select 5 Lakh and above income which can be changed to actual amount on the information page. |
maxlifeinsurance.com | ^~The assumed rates of return (4% p.a. and 8% p.a.) shown in the illustrative example are not guaranteed and they are not the upper or lower limits of what you might get back. The value of your policy depends on a number of factors including future investment performance. The amount shown is for a 30-year-old healthy male, with 10 years premium payment term, and 35 years policy term with Max Life Online Saving Plan (Unit Linked Non Participating Individual Life Insurance Plan | Life Insurance is available in this product). |
maxlifeinsurance.com | Please provide following information correctly as it will be used to calculate your eligibility. |
maxlifeinsurance.com | Many policy buyers are discouraged from buying a term plan because there is no maturity benefit. Introducing Max LifeSmart Secure Plus Plan (A Non Linked Non Participating Individual Pure Risk Premium Life Insurance Plan | UIN104N118V08). a policy that offers option of a term plan with return of premium available as an alternative. The ROP (term insurance with return of premium benefit) allows policyholders to stay reassured. |
maxlifeinsurance.com | 8Available with Max Life Smart Fixed-return Digital Plan (UIN: 104N123V05). The guaranteed benefits are available with selected life insurance plans & are applicable if all due premiums are paid. |
maxlifeinsurance.com | THE UNIT LINKED INSURANCE PRODUCTS DO NOT OFFER ANY LIQUIDITY DURING THE FIRST FIVE YEARS OF THE CONTRACT. THE POLICYHOLDER WILL NOT BE ABLE TO SURRENDER/WITHDRAW THE MONIES INVESTED IN LINKED INSURANCE PRODUCTS COMPLETELY OR PARTIALLY TILL THE END OF FIFTH YEAR. |
maxlifeinsurance.com | Disclaimer: *6 Check the Total Premium amount against the respective monthly premium values in the below table. |
maxlifeinsurance.com | ^6Disclaimer: Standard premium for 24-year old healthy male, non-smoker, 25 years policy term, 25 year premium payment term (exclusive of GST) for Max Life Smart Total Elite Protection Term Plan (UIN: 104N125V05) with a life cover of Rs. 5 Cr. |
maxlifeinsurance.com | You can pay the premiums for a fixed number of instalments under the limited pay option for TROP. Please read sales brochure before proceeding for purchase. |
maxlifeinsurance.com | b. Limited Pay variant and Regular Pay variant: On payment of two full yearsâ premium |
maxlifeinsurance.com | GSV factor x (Total premiums paid plus underwriting extra premiums, if any, for base policy) |
maxlifeinsurance.com | i. Surrender Benefit (or Early Exit Value) is only applicable for base death benefit cover and not on add-on options such as Accelerated Critical Illness Benefit option or Accident Cover option. |
maxlifeinsurance.com | Option to receive all premiums paid back, at a specified point in the term of the policy (free of cost). Available when Return of Premium variant is not chosen. No additional premium to be paid. |
maxlifeinsurance.com | Kriti is a content marketing and branding expert with more than 13 years of rich experience across BFSI and Telecom industries. She is currently leading Digital Creative Strategy for Max Life insurance. |
maxlifeinsurance.com | Term plan with return of premium, like other insurance plans is a long-term protection tool. The entry age in general for this plan is 18 years. |
maxlifeinsurance.com | Understanding how a term plan with return of premium works will give you a clearer vision for your financial plans. |
maxlifeinsurance.com | * the coverage amount that you can opt for may vary depending upon several factors such as your age, annual income, coverage tenure, and premium payment term. |
maxlifeinsurance.com | Term insurance is a popular choice amongst insurance buyers. It is a simple plan that offers financial coverage for a certain period. Although a basic term insurance plan can be highly beneficial for most individuals, a term insurance with a return of premium plan can offer benefits beyond that. A term plan with a return of premium is quite similar to the usual term plan. However, the one feature that sets it apart from the regular term insurance plans is the survival benefit. Policyholders can avail survival benefits and get back the premiums (excluding GST) paid to the insurers. Some other add-on benefits associated with this plan include disability benefit, accidental death benefit, and protection against critical illness....Read More |
maxlifeinsurance.com | However, if you survive the policy term of 30 years; you will receive Rs. 750,000 (25000 x 30) {Exclusive of taxes^} as maturity benefit from the plan. |
maxlifeinsurance.com | 6The life insurer is eligible for a discount on renewal premium under regular pay variant by accumulating Healthy Weeks as per terms and conditions of the rider |
maxlifeinsurance.com | 2Total premium will be charged at the time of the policy issuance (subject to underwritingâs decision). |
maxlifeinsurance.com | The grace period in insurance is the period after the due date of premium payment when the policyholder can pay it without any penalties. Generally, the grace period for a term plan is 30 days, but it is 15 days if the premiums are being paid monthly. |
maxlifeinsurance.com | If you are a married person, you may also want to consider a term plan with return of premium. In case your spouse is solely dependent on your income source, TROP may work for you. You can create a financial support system for them to secure their future against any eventualities. The maturity benefit offered at the end of the policy term will be a bonus. |
maxlifeinsurance.com | Max Life Insurance offers the below term life insurance plan with return of premium option â Max Life Smart Secure Plus Plan (A Non-Linked Non Participating Individual Pure Risk Premium Life Insurance Plan UIN - 104N118V08) |
maxlifeinsurance.com | The savings indicated is the maximum premium difference as compared with offline plan & depends on the variant purchased. |
maxlifeinsurance.com | Term life insurance plans with Return of Premium (or TROP) pays back the total amount of annualised premium {Exclusive of taxes^} paid towards the policy as maturity benefit if you survive the policy tenure. At the same time, if anything were to happen to you, the return of premium plan provides the Sum Assured to your family. |
maxlifeinsurance.com | Return of premium benefit offered under term insurance plans implies that the insurance company would pay back the total amount of annualised premiums {Exclusive of taxes^} once you survive the coverage tenure. In other words, if nothing happens to you throughout the policy period, you will receive the entire amount you have paid as premiums (exclusive of taxes and amount paid towards rider) in the form of maturity benefit. |
maxlifeinsurance.com | Compared to traditional term insurance plans, a Term with Return of Premium option (or TROP) offers to pay back the total amount of annualised premium {Exclusive of taxes^}, upon maturity of the coverage period. This is the most obvious pro of the TROP feature. The fact that you get your money back if you survive the policy tenure makes the return of premium plans especially appealing to people who want insurance coverage but have a low-risk tolerance. |
maxlifeinsurance.com | 4InstaClaim TM is available for all versions of (UIN: 104N118V09). Mandatory Documents: ⢠Original policy document ⢠Original/attested copy of death certificate issued by local municipal authority ⢠Death claim application form (Form A) ⢠NEFT mandate form attested by bank authorities along with a cancelled cheque or bank account passbook along with nomineeâs photo identity proof ⢠Discharge/Death summary attested by hospital authorities or FIR & Post Mortem Report/viscera report (in case of accidental death) |
maxlifeinsurance.com | Max Life Insurance is integrated with licensed NBFC FinVu (Cookiejar Technologies Pvt. Ltd. for sharing policy details with regulated Financial Information Users within the Account Aggregator ecosystem after obtaining the Policy holder's consent. Read more about Account Aggregator framework here. |
maxlifeinsurance.com | Â ~ Conditions for premium break: Available at an additional premium for policies with policy term greater than 30 years and premium payment term greater than 21 years. Option to skip paying premium for 12 months. 2 premium breaks will be available during the premium payment term separated by an interval of at least 10 years |
maxlifeinsurance.com | However, unlike a normal or basic term plan, the ROP variant of term insurance provides the entire premium paid by the policyholder at the time of maturity. Also, the premium paid towards the plan coverage is exempt from taxation under Section 80C under Income tax act of 1961. |
wset.com | The lows are falling down to near 40 degrees tonight and could get into the 30s for some of us. |
wset.com | The highs may only reach the upper 60s despite the widespread sunshine. |
wset.com | LYNCHBURG, Va. (WSET) — Thursday is the coolest day we've had in a long while. |
wset.com | SEE ALSO:'I think it's insane:' ABC13 investigates why your power bill has spiked in recent years |
wset.com | We could start seeing a stray shower or two early next week, but I think most of us are dry. |
wset.com | Friday is still on the cool side for highs, but we'll enjoy the sunshine all day long. Only passing clouds are in the forecast into the weekend. |
wset.com | The weekend is dry and warm with highs in the mid and upper 70s. |
wset.com | The lows are falling down to near 40 degrees tonight and could get into the 30s for some of us. |
wset.com | The highs may only reach the upper 60s despite the widespread sunshine. |
wset.com | LYNCHBURG, Va. (WSET) — Thursday is the coolest day we've had in a long while. |
wset.com | SEE ALSO:'I think it's insane:' ABC13 investigates why your power bill has spiked in recent years |
wset.com | We could start seeing a stray shower or two early next week, but I think most of us are dry. |
wset.com | Friday is still on the cool side for highs, but we'll enjoy the sunshine all day long. Only passing clouds are in the forecast into the weekend. |
Subsets and Splits