Max Life Perfect Partner Super Plan

Life is a long journey, and a perfect partner just makes this journey easy, adventurous and even fun. When you pass through the meaningful stage in life, you will need to take care of creating assets along the way, saving for your child's bright future when it comes to their education, wedding and so on, saving up for a laid back and enjoyable retirement. will help you do just that, by understanding your desires and making it possible to achieve them by simplifying your financial planning and investment.

Key Features of Max Life Perfect Partner Super Plan:

  1. Guaranteed sum assured: Get a guaranteed sum assured of 212.5% of the guaranteed maturity - with this plan you can get a guaranteed maturity of 212.5% and it comprises of the guaranteed money backs, and also a lump sum benefit on maturity.

    • The money backs will ensure you get a 7.5% of the guaranteed sum assured on your policy anniversary after you, the policyholder have reached the age of 61-75 years.

    • You also receive a maturity benefit lump sum, where you will receive guaranteed maturity sum plus accrued paid-up additions (if any) plus additional terminal bonus (if any) on the maturity of the policy at 75 years of age.

  2. Premium payments are flexible: Depending on your financial goals, the Max Life Life Perfect Partner Super Plan offers you the flexibility to choose your premium payments terms. You can choose terms ranging from 7, 10, 15, and 20 years as your term of premium payments.

  3. Customize your policy to suit you: You can use the various riders to your plan and customize it to suit your needs of additional protection.

Benefits of Max Life Perfect Partner Super Plan:

  1. Comprehensive death benefit: If case of the policyholder’s unfortunate demise, the Max Life Life Perfect Partner Super Plan offers a comprehensive death benefit to they require.

  2. Tax benefits: Under the laws of the Income Tax Act 1961, the policyholder will have tax benefits available.

  3. Bonus options that are flexible: Under this option you can choose the bonus options as per your requirement.

    • Paid in cash: If any bonus is declared every year from the 2nd year of the policy, this bonus will be paid in cash till the end of the policy term of 75 years of age of the life insured.

    • Offsetting of premium: Any bonuses declared can be offset towards the premium payments of future years.

    • Paid-up additions: You can also purchase additional sum assured, to help boost your maturity value through the compounding. You can use the bonus to make these purchases.

  4. Terminal illness benefit: Any policyholder suffering from terminal illness can claim this benefit once during the policy term.

  5. Riders: Choosing an additional rider for your policy, on the happening of the insured event.

  6. Surrendering benefit: This kind of benefit is payable immediately on surrender, the policy acquired has a surrender value as mentioned below:

    • For a policy wherein the payment terms of 7 years - after the payment of 2 full year premiums.

    • For a policy wherein the payment terms of 10, 15, or 20 years - after the payment of 3 full year premiums.

  7. Non-Forfeiture Benefit: Reduced Paid-up (RPU): Discontinuance of a policy will lead to a surrender, and acquires surrender value.

  8. Loan facility: There is no loan facility available under this product.

Eligibility Conditions:



Entry ages (as per last birthday)

Minimum age at entry

91 days

Maximum age at entry

Payment of premium in years

Maximum age at entry

7 - 10 years

55 years

15 years

50 years

20 years

45 years

Minimum premium per year

Payment of premium in years

Minimum premium

7 years

Rs. 20,000 per annum

10, 15, or 20 years

Rs. 8500 per annum

Maximum premium

Depends on the age of the policyholder and the maximum sum assured (subject to the underwriting policy of Max Life Insurance with board approval)

Maturity age

The available maturity age is 75 years, if the policy anniversary is follows or coincides with the age of the policyholder turning 75 years

Sum assured limits

Minimum sum assured - Rs. 50,000 this is subject to the minimum premium terms


How the Plan Works?

Let’s take an example, Mr. Sharma a policyholder is 35 year old and is married to Geetha who is aged at 32 years. Mr. Sharma, wants to secure his future with his life partner with the Max Life Life Perfect Partner Super Plan, so he decides to take up a premium payment term of 20 years and pays an annual premium of Rs. 60,000 without taxes. He chooses the Bonus Option (this option has dividends paid to shareholders, this funds are created out of additional profits earned by the company) of the paid-up additions. He should get a guaranteed maturity sum assured of Rs. 8, 81, 704. There are 3 types of benefits from this policy, the survival benefit, maturity benefit or the death benefit.

Survival/ maturity benefit:




Survival benefit

Ages 61 - 75 years

Rs. 66,128 per year

Maturity benefit

At 75 years of age there is a guaranteed maturity benefit

Rs. 8, 81, 704


Maturity benefit at 4%

Maturity benefit at 8%

Rs. 15, 62,076

Rs. 55, 85,174

* The amounts mentioned include the guaranteed maturity sum assured with non-guaranteed accrued paid-up additions and bonuses.

Death benefit:

Age of the policyholder in years

Death Benefit at 4%

Death Benefit at 8%


Rs. 8,81,704

Rs. 8,81,704


Rs. 12,93,754

Rs. 19,74,672


Rs. 16,90,012

Rs. 32,58,418


Rs. 18,52,135

Rs. 48,60,262

* The guaranteed death benefit of Mr. Sharma keeps increasing with his age. And is under the consideration that he pays all premiums in time and the policy is in force.

Premium Payment:

The premium payment can be made in different modes, annually, semi-annually, quarterly, and monthly premium paying modes. There are also modal factors that need to be considered they are as follows:

Modal factors

Premium Modes










Minimum premium payments:

Premium payment terms (in years)

Minimum premium

7 years

Rs. 20, 000 per annum

10, 15, or 20 years

Rs. 8,500 per annum


If a policyholder wishes to add an additional coverage to their policy in case of an unfortunate incident. This rider will provide the policyholder with additional protection along with the insurance plan or base plan.

The Max Life Term Plus Rider has certain conditions as well they are mentioned below:

Age entry

Minimum - 20 years

Maximum - 55 years

Maturity Age

60 years

Premium Modes

Same as Base Policy

Minimum/Maximum Premium

Based on the minimum and maximum premium under the Base Policy and any attaching rider.

However, the rider premium cannot exceed 30% of premiums payable under the Base Policy.

Other Max Life Insurance Pension Plans

  • Max Life Guaranteed Lifetime Income Plan
  • Other Poular Max Life Insurance Plans

  • Max Life Insurance Child Plans
  • Max Life Insurance Pension Plans
  • Max Life Insurance Investment Plans
  • Max Life Insurance Savings Plans
  • Max Life Insurance Group Plans
  • Max Life Term Insurance Plans
  • GST of 18% is applicable on life insurance effective from the 1st of July, 2017

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