How the plan works?
Mr. Kumar is 35-year-old salaried employee. Mrs. Kumar, age 32, is a homemaker. Three years ago they were blessed with a beautiful daughter, Ananya, who is currently in a play school. Mr. Kumar has always wished that his daughter receives top-quality education and becomes a successful and independent career woman. He wants to save to guarantee best- in-class higher education for Ananya.
He takes Max Life Future Secure II Plan with his 3-year-old daughter as the Life Insured, for a Sum Assured of Rs. 500,000 and an annual premium of Rs. 40,545 (exclusive of service tax).
Total PremiumPaid (in 12 years)
Minimum Guaranteed Payout on Maturity
Total Maturity Payout @ 4%
Total Maturity Payout @ 8%
In case of an unforeseen death of Mr. Kumar anytime during the payment term, 'policy continuance benefit' ensures that the policy continues without payment of the due premiums after the date of death. The continued participation in bonuses ensures that Ananya's education savings continue uninterrupted and all the benefits remain intact, enabling Ananya to realize her dreams the way her father envisioned for her.
• Kindly note that the above case study is only an example and does not in any way create any rights and/or obligations. The actual experience of the policy may be different from what is shown above. The above scenarios are depicted at 4% and 8% assumed rate of investment returns.
• Bonuses are non-guaranteed and may be declared by the Company from time to time.
• You may be entitled to certain applicable tax benefits on your premiums and policy benefits. Please note that 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 the tax laws.
About Premium Payment:
Pay Premiums for 12 years
Premium Mode: Max Life's Future Secure II offers only Annual mode of payment.
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For more details on risk factors, terms and conditions please read the sales brochure carefully before concluding a sale.
Tax benefits are subject to change in tax laws.
Life insurance coverage is available in this product.
Insurance is the subject matter of solicitation.