Whoever said wishes don’t come true hasn’t explored our offers!

Max Life Maxis Super Plan

When you have worked hard to save for a secure future for your family, and to provide them with the best. This plan Max Life Maxis Super will maximize your savings to make yourself capable to live life to the fullest, giving you the ability to fulfill your wishes, and accomplish your dreams.

Features of Max Life Maxis Super ULIP:

The main features of the is to help you plan your finances by balancing the equity and debt exposure so that you enjoy your future years fully.

  1. This on the basis of his age.
  2. Allows you to choose a premium payment of your choice at your convenience.
  3. Give you a choice 5 funds with different investors with different risk appetites.
  4. Provides you with the ability to protect your investments against market volatility, with their dynamic asset allocation mechanism.
  5. This plan even makes up for those sudden expenses you need taken care of urgently, with partial withdrawals.

This plan also helps in:

Creation of wealth with your funds being safe

By investing the right amount into different funds or redirecting to a savings fund.

Premium payment for short terms

You can choose a premium payment terms for 7 or 10 years as per your need.

Protection flexibility

You can choose the insurance cover to be 11/15/20 times the annual premium, this is decided on your age.

Benefits Offered By Max Life Maxis Super Plan:

Death benefit Sum assured plus Fund Value (on the date of death; subject to at least 105% of total premium paid)
Maturity Benefit Fund value on the date of plan maturity

Eligibility Conditions:

Product type Non-participating unit-linked life insurance plan
Coverage type Individual
Age at entry Policyholder must be aged between 18 years to 55 years in order to be eligible to apply for this plan
Max. age at maturity Policyholder must not be above 70 years of age when the plan matures
Sum Assured Multiple
Age of life insured Sum assured multiple
18 – 34 11/15/20 times of Annualised Premium
35 – 44 11/15 times of Annualised Premium
45 - 55 11 times of Annualised Premium
Premium payment term 7 or 10 years
Policy term 15 years
Annualised premium Minimum – Rs.35,000; Maximum – No limit
Sum assured Minimum – Rs.3,85,000; Maximum – No limit; subject to conditions
Premium payment mode Premium can be paid only an a yearly basis

Investment of Funds:

Dynamic Fund Allocation, can be opted at the time of the inception of the policy. Under this option, the assets management will be maintained amongst Growth Super Fund and other Secure Fund in a predefined proportion that changes depending upon the years left to maturity. The allocation helps in balancing the equity and debt exposure by automatically allocating your funds as per the pre-determined percentages mentioned below.

Years to maturity

Assets managed and maintained under Growth Super Fund

Assets managed and maintained under Secure Fund

11 - 15 years



6 - 10 years



0 - 5 years



Charges Involved in the Plan:



Premium charges allocation

This is expressed as a percentage of the premium

Payment terms

Policy in years 1 - 5

Policy in years 6 and above

7 years pay



10 years pay



Fund management charges

This a charged levied again as a percentage of the assets and is an appropriation

Fund name

Fund value charges as a percentage per annum

Growth Super Fund


Growth Fund


Balanced Fund


Conservative Fund


Secure Fund


Policy charges - Administration

Charges for both pay variants from date of commencement, and is levied at each monthly anniversary.

Mortality charges

Mortality charges are levied for provided risk charges on the life insurance during the policy term. This is charged on per Rs. 1, 000 of the sum assured

Age in years





Mortality charges





Switching charges

12 switches are allowed per policy year, free of charge

Redirection of premium charges

6 redirection of premium are allowed per policy year free of charge

Partial withdrawal charges

After the first 5 years of the policy, 2 partial withdrawals are allowed per policy year free of charge

Premium Discontinuation:

With this plan you will be charges for discontinuation of the policy, the charges will be levied on the Fund value at the time of discontinuance. If the policy is discontinued the charges will be lower than the below.


Percentage of the annual premium

Percentage of the Fund value

Fixed amount

1st policy year



Rs. 6, 000

2nd policy year



Rs. 5, 000

3rd policy year



Rs. 4, 000

4th policy year



Rs. 2, 000

5th policy year




GST of 18% is applicable on life insurance effective from the 1st of July, 2017

Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.

This Page is BLOCKED as it is using Iframes.