1.  Guaranteed¹Money backs

 The product offers four guaranteed money backs payable annually in the last four years of policy term. Each guaranteed money back is equal to 25% of Sum Assured thus helping you plan financially for your child’s future education expenses.

2.  Maturity Benefit

The accrued Paid-up Additions (if any) and Terminal Bonus (if any) are payable at the end of Policy Term to provide for a seed capital or to ensure financial planning for higher studies.

3.  Complete financial security in case of death

I.  Death Benefit - The product offers Death Benefit to the nominee in case of death of Life Insured. The nominee is offered settlement options under which he / she can choose to take Death Benefit in any one of the following ways:

a.  Lump Sum Death Benefit option: Nominee can choose to take the Death Benefit as Lumpsum payable immediately

b.  Monthly Income Death Benefit option: Nominee can choose to take the Death Benefit as income equal to 1% of Death Benefit payable monthly for 135 months starting from the month following the death of Life Insured

II.  Policy Continuance Benefit - In addition to Death Benefit, all future premiums will be waived and all benefits, that is, Money back Benefits & Maturity Benefits are paid to your beneficiary as and when due, thus, ensuring that your dream for your child’s future is taken care of even in your absence.

4.  Customize the product as per your need

The product offers you the freedom to choose your own policy term. Now, you can plan for your child’s needs by choosing any policy term from 13 years to 21 years. You also have an option of two premium payment terms to choose from:

i)  8 years fixed premium payment term

ii)  Policy Term less three (3) years

5.  Flexibility to time your money backs through deferment or discounting option

RIDERS- Avail the option of enhancing your risk coverage through the available riders

    1.  Max Life Waiver of Premium Plus Rider (A Non-Linked Non-Participating Individual Pure Risk Premium Health Insurance Rider UIN: 104B029V04), which provides waiver of all future premiums in case of Critical Illness or dismemberment or Death.

    2.  Max Life Accidental Death and Dismemberment Rider (A Non-Linked Non-Participating Individual Pure Risk Premium Health Insurance Rider UIN: 104B027V04), which provides additional benefits in case of death or dismemberment of the Life Insured due to an accident.

    3.  Max Life Term Plus Rider (Non-Linked Non-Participating Individual Pure Risk Premium Life Insurance Rider UIN: 104B026V03)-which provides additional lump sum benefit in case of death of the Life Insured.

    4.  Max Life Critical Illness and Disability Rider (Non-Linked Non-Participating Individual Pure Risk Premium Health Insurance Rider UIN: 104B033V01), which provides additional lump sum benefit in case of critical illness diagnosis.