maxlogo
    • insurancecalculator
      Financial Calculators
      • SIP Calculator
      • BMI Calculator
      • Compound Interest Calculator
      • Income Tax Calculator
      • FD Calculator
      • PPF Calculator
      • RD Calculator
      • Check CIBIL Score
      • NPS Calculator
      • SSY Calculator
      • Step-Up SIP Calculator
      • ROI Calculator
    • Become a Life Advisor
    • Claim Centre
    • About Us
    • Understanding Life Insurance
    • Track Application
    • Blogs
    • nri_8178db5d78
      NRI Plans
      • NRI Term Plan
      • NRI Investment Plans
    • Contact Us
    • Home>
    • Blog>
    • Life Insurance>
    • Life Insurance Companies in India
    • Sabse Pehle Life Insurance
    • List of Life Insurance Companies in India
    • Conclusion

    Life Insurance Companies in India

    The life insurance sector in India comprises of 24 life insurance companies,

    Among the life insurance companies, Life Insurance Corporation (LIC) of India is the only public sector company. Accord
    ing to IBEF (India Brand Equity Foundation), in FY19, the total premium from the new life insurance business in India increased up to Rs. 2.15 trillion (or US$ 30.7 billion), showing a 10.73 per cent year-on-year growth.

    Take a look at the different life insurance companies in India and the road ahead for the life insurance companies in the country, in this blog.
    ...Read More

    max-axis

    Term Insurance and Investment Plans

    tax-icon.svg
    Tax Savings upto Rs 46,800##
    guard-icon.svg
    99.65% Death Claim Paid Ratio^
    discount.svg
    12% Discount3
    zero-commission.svg
    Zero Commission#~
    14_01_d782977699
    max-axis
    tax-icon.svg
    Tax Savings upto Rs 46,800##
    guard-icon.svg
    99.65% Death Claim Paid Ratio^
    discount.svg
    12% Discount3
    zero-commission.svg
    Zero Commission#~
    Save Tax, Online Exclusive
    money_back_821d401ae6_6a6a47cf28_17c1df6ee9

    7.5%6Guaranteed Return Plans

    Upto 20% Lower Premiums~3
    women_ins_icon_aa9537e631

    Term Insurance (Women)

    3_lac_premium_back_1c5e5e9468

    ₹ 3 L Premium Back^

    save_more_taxes_6181fcb93f

    Tax Saving Investments

    avatar-image

    Written by

    :

    Reviewed by

    avatar-image

    Alok Mishra

    Insurance Writer

    Alok Mishra is a Digital and Content Marketing specialist with 10 years of experience. He has spearheaded Web Content, Social Media & Branding, and Community Building initiatives to drive growth for prominent brands.

    avatar-image

    Bhaskar Sinha

    Insurance Expert

    8+ years of experience in Life Insurance with expertise in Developing Life and Health Products, Digital Sales, Conducting effective trainings and Key Account Management.

    Life Insurance Council and the ‘Sabse Pehle Life Insurance’ Campaign


    Life Insurance Council is the forum that connects all the life insurance companies in India. Recently, the Council have launched ‘Sabse Pehle Life Insurance,’ which is the first campaign of the insurance industry..

    typesOfInvestments

    The purpose of the ‘Sabse Pehle Life Insurance’ campaign is to create awareness and educate the Indian population about the different aspects and importance of having life insurance protection. All the 24 life insurance companies are a part of this campaign.

    To reach a large section of people online, the Life Insurance Council has launched a dedicated website, https://www.sabsepehlelifeinsurance.com/. Currently, the penetration of life insurance is quite low in the country. Therefore, the campaign is seen as a definitive step towards educating people on the insurance front.

    One of the primary reasons for the low insurance penetration is the fact that often people buy life insurance for peripheral benefits only – without understanding first why insurance coverage is imperative in their lives.

    Life insurance companies in India offer a variety of customisable insurance plans to suit individual needs and requirements. Thus, the thought-provoking campaign hopes to identify with the larger Indian population and encourage them to opt for a life insurance protection based on their financial needs and requirements. 

    Life Insurance Companies in India


    Following is a list of life insurance companies in India:

    S. No

    Name of the Company

    Address

    Name of the Chairman/MD & CEO

    1. 

    Life Insurance Corporation of India

    Yogakshema, Jeevan Bima Marg

    Post Box No. 19953

    Mumbai – 400 021

    Mr. M R Kumar

    Chairman

    2. 

    HDFC Life Insurance Co. Ltd

    13th Floor, Lodha Excelus, Apollo Mills Compound, N.M. Joshi Road, Mahalaxmi, Mumbai 400 011, Maharashtra

    Ms. Vibha Padalkar

    MD & CEO

     

    3. 

    Max Life Insurance Co. Ltd.

    3rd, 11th, 12th Floor, DLF Square Building,

    Jacaranda Marg, DLF City, Phase – II, Gurgaon – 122002, Haryana

    Mr. Prashant Tripathy

    MD & CEO

    4. 

    ICICI Prudential Life Insurance Co. Ltd

    ICICI Prulife Towers

    1089, Appasaheb Marathe Marg, Prabhadevi,Mumbai – 400 025

    Mr. N S Kannan

    MD & CEO

     

    5. 

    Kotak Mahindra Life Insurance Co. Ltd.

    7th Floor, Kotak Infiniti, Building No.21, Infinity Park, Off Western Express Highway,

    General AK Vaidya Marg, Malad (East),

    Mumbai – 400 097

    Mr. G. Murlidhar

    MD & CEO

    6. 

     

    Aditya Birla SunLife Insurance Co. Ltd.

    One India Bulls Centre,

    Tower 1, 16th Floor, Jupiter Mill Compound, 841, SenapatiBapatMarg, Elphinstone Road,

    Mumbai-400013

    Mr. Kamlesh Rao

    MD & CEO

     

    7. 

    TATA AIA Life Insurance Co. Ltd.

    14th Floor, Tower A, Peninsula Business Park, Lower Parel, Senapati Bapat Marg,

    Mumbai - 400013

    Mr. Rishi Srivastava

    MD & CEO

    8. 

    SBI Life Insurance Co. Ltd.

     

    “Natraj”, M.V. Road & Western Express Highway Junction, Andheri (East), Mumbai - 400069

    Mr. Sanjeev Nautiyal

    MD & CEO

    9. 

    Exide Life Insurance Co. Ltd.

     

     

    3rd Floor, JP Techno Park, No. 3/1, Millers Road, Bengaluru –

    560 001, Karnataka

    Mr. Kshitij Jain

    MD & CEO

    10. 

    Bajaj Allianz Life Insurance Co. Ltd.

    Bajaj Allianz House, Airport Road, Yerawada, Pune – 411 006

    Mr. Tarun Chugh

    MD&CEO

    11. 

    PNB MetLife India Insurance Co. Ltd.

    Unit No. 101, 1st Floor, Techniplex-1, Techniplex Complex,Veer Savarkar Flyover, Off S V Road Goregaon (West), Maharashtra- 400062.

    Mr. Ashish Kumar Srivastava

    MD&CEO

    12. 

    Reliance Nippon Life Insurance Company Limited

    Reliance Centre, Off Western Express Highway, Santacruz East, Mumbai – 4000 055

    Mr. Ashish Vohra

    CEO & ED

    13. 

    Aviva Life Insurance Company India Ltd.

    Aviva Tower, Sector Road, Opposite Golf Course, DLF-Phase V, Sector 43, Gurgaon 122003

    Mr. Trevor Bull

    MD & CEO

    14. 

    Sahara India Life Insurance Co. Ltd.

    Sahara India Centre,

    1, Kapoorthala Complex, Aliganj, Lucknow – 226 024

    Mr. A K Dasgupta

    CEO & President

    15. 

    Shriram Life Insurance Co. Ltd.

     

    Ramki Selenium,Plot No:31 & 32,Beside Andhra Bank Training Centre, Financial District, Gachibowli,Hyderabad – 500032.

    Mr. Casparus Jacobus Hendrik Kromhout

    MD & CEO

    16. 

    Bharti AXA Life Insurance Company Ltd

    Unit no:1904,19th Floor, Parinee Crescenzo, ‘G’ Block, Bandra Kurla Complex, BKC Road, Behind MCA Ground, Bandra East,

    Mumbai - 400051

    Mr. Parag Raja

    MD & CEO

    17. 

    Future Generali India Life Insurance Company Limited,

    Indiabulls Finance Centre, Tower 3, 6th Floor, Senapati Bapat Marg, Elphonstone (W), Mumbai – 400 013

    Mr. Munish Sharda

    MD &CEO

    18. 

    IDBI Federal Life Insurance Company Limited

    22nd Floor, A Wing, Marathon Futurex, N. M. Joshi Marg, Lower Parel – East

    Mumbai – 400013

    Mr. Vighnesh Sahane

    MD & CEO

    19. 

    Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited

    Orchid Business Park, Second Floor, Sohna Road, Sector-48, Gurgaon 122 018, Haryana, India,

    Mr. Anuj Mathur

    MD & CEO

    20. 

    Aegon Life Insurance Company Limited

    Building No. 3, Third Floor, Unit No. 1, Nesco IT Park,Western Express Highway, Goregaon (East), Pincode (Mumbai- 400063)

    Mr. Vineet Arora,

    MD & CEO

     

    21. 

    Pramerica Life Insurance Co. Ltd.

    4th Floor, Tower B, Building No.9, DLF Cyber City, Phase-III, Gurgaon 122002

    Mr. Anoop Kumar Pabby

    MD & CEO

     

    22. 

     

    Star Union Dai-Ichi Life Insurance Co. Ltd.

     

     

    11th Floor, Plot No:34,35 & 38,

    Vishwaroop IT Park, Sector-30A of IIP, Vashi, Navi Mumbai 400703

    Mr. Girish Kulkarni

    MD&CEO

     

    23. 

    IndiaFirst Life Insurance Company Ltd.,

     

     

     

     

     

    12th and 13th Floor, North [C] wing,

    Tower 4, NESCO IT Park, NESCO Centre,

    Western Express Highway, Goregaon (East),

    Mumbai – 400 063

    Dr. R M Visakha

    MD&CEO

     

    24. 

    Edelweiss Tokio Life Insurance Company Limited

    3rd & 4th Floor, Tower 3, Wing B, Kohinoor City,Kirol Road, Kurla (West), Mumbai -400070

    Mr. Sumit Rai

    MD&CEO

     


    Disclaimer – The details mentioned in the table above have been taken from IRDAI website (click here), as of 10-07-2019.

    Life Insurance Companies in India – The Road Ahead


    With the “Sabse Pehle Life Insurance’ campaign in full swing, the life insurance industry in India looks to gain more inroads into the people’s lives. At the same time, several regulatory framework changes are already set to be introduced in the coming years, which are expected to change the way life insurance companies conduct their business and engage with their customers.

    typesOfInvestments

    As per estimates, the life insurance industry in India is expected to grow by up to 12-15 per cent in the upcoming three to five years.

    Sources

    https://www.ibef.org/industry/insurance-sector-india.aspx

    http://www.policyholder.gov.in/Registered_Insurers_Life.aspx

    https://www.lifeinscouncil.org/UPLOADING%20FILES/MEDIA_UPLOADS/ARTICLES_NEWS/ARTICLE23411-Oct-2019.pdf (Sabse Pehle Life Insurance)

    https://www.irdai.gov.in/ADMINCMS/cms/NormalData_Layout.aspx?page=PageNo129&mid=3.1.9

    ARN: Aug/Bg/06

    tick_a2b9cfa3ac_188e3e7428

    Related Articles

    • What is Life Insurance
    • Rider Options for Insurance Plan
    • Why Choose Max Life Insurance
    • Types of Life Insurance
    • Life Insurance Tax Benefits
    • Things to Think Before Buying Life Insurance
    • Reasons to Buy Life Insurance Policy
    • Life Insurance Myths
    tick_a2b9cfa3ac_188e3e7428

    Calculators

    • Insurance Calculator
    • Term Plan Calculator
    • Investment Calculator
    • Power of Compounding Calculator
    • Retirement Planning Calculator
    tick_a2b9cfa3ac_188e3e7428

    Term Insurance Articles

    • Why Medical Test Important for Term Insurance
    • Types of Insurance
    • Documents Required for Term Insurance
    • Key Features and Benefits of Online Term Plan Plus
    • Term Insurance for all Age Groups
    • Tax Benefits of Term Insurance
    tick_a2b9cfa3ac_188e3e7428

    Tax Articles

    • Income Tax Slab Rates and Deductions
    • Tax Benefits of Insurance Plans
    • Section 80C
    • Section 80D
    • HRA Calculation
    • What is TDS
    • Salary PaySlip Format

    Related Articles

    comparing_claims_of_life_insurance_companies_95af8a31d0

    Comparing Claims Paid Ratio of Life Insurance Companies

    Life insurance is almost a necessity in today’s world. You never know what may happen, and it is always better to be safe than sorry.....

    Read More
    life_insurance_2_36a9289828

    What is Life Insurance?

    Life insurance can be defined as a type of insurance scheme that makes a payment to a specific beneficiary or group of beneficiaries in the case of the policyholder’s demise. This monetary benefit....

    Read More
    why_do_you_need_life_insurance_a9cb5086c8

    Why Do You Need Life Insurance?

    Life insurance is a financial instrument that can help your family reduce their financial burden in case you are no longer there. It empowers them to not only continue their current lifestyle but also attain the goals.....

    Read More
    More Resourceful Articles
    StickyImage

    Get ₹2 crore Life Cover @ just ₹1103**/month

    img
    99.65% Death Claim Paid Ratio^
    img
    Terminal Illness Coverage at zero additional cost
    Get ₹2 crore Life Cover@ just ₹1087**/month
    Check Premium

    Popular Searches

    Term Insurance CalculatorOnline Term PlanSmart Term PlanCritical IllnessBest Term Plan With Return Of PremiumClaim Settlement RatioULIP Saving PlanWhat is term InsuranceTax Benefits of Term InsuranceWhy medical Test is Important in Term InsuranceBest Term Insurance for All Age GroupThings to know before Buying Term Life InsuranceBest Life Insurance Policy | Benefits Of best Term InsuranceInsurance CalculatorsOnline InsuranceChild InsuranceRetirement PlanBest Saving PlansGroup InsuranceHealth Insurance PlansBest Investment PlanULIP PlanTax Saving InvestmentTax CalculatorULIP CalculatorCancer InsuranceBecome an agentInsurance CalculatorsSmart Secure Plus PlanBest Term Insurance PolicyCustomize Your Term Life Insurance PolicyLife Insurance term Plan Claim Disability InsuranceHow to Change Nominee in Term Insurance1 Crore Term Insurance2 Crore Term Insurance5 Crore Term InsuranceFD Interest CalculatorCredit Score CheckFixed Deposit OnlineRecurring Deposit OnlineSIPMutual Fund SIP CalculatorEndowment PlanAccident InsuranceCompound Interest Calculator OnlineGold Investment In IndiaGold RateHow To Calculate Return on Investment50 lakh term insurance75 lakh term insuranceTerm Insurance for HousewifeBest Mutual FundsBest Term Insurance for Self EmployedBest Term Insurance for Senior CitizenBest Term Insurance Plan for NRIBest Term Insurance Plan for Women
    Online Sales Helpline
    • 0124 648 8900(09:00 AM to 09:00 PM Monday to Saturday)
    • service.helpdesk@maxlifeinsurance.comEmail
    • SMS ‘LIFE’ to 5616188Message
    • Let us call you back
    Customer Service
    • 1860 120 5577(9:00 AM to 6:00 PM Monday to Saturday)
    • Chat with us
    • Write to usPlease write to us incase of any escalation/feedback/queries.
    NRI Helpdesk
    • 011-71025900, 011-61329950(9:00 AM to 6:00 PM Monday to Saturday)
    • nri.helpdesk@maxlifeinsurance.comPlease write to us incase of any escalation/feedback/queries.
    • Online Term Plan
    • Critical Illness
    • Smart Term Plan
    • Term Plan with Return of Premium
    • Claim Settlement Ratio
    • Smart Secure Plus Plan
    • Continue with existing eQuote
    • Term Insurance for Housewife
    • Zero Cost Term Insurance
    • Online Insurance Plans
    • Child Insurance Plans
    • Retirement Plans
    • Group Insurance Plans
    • Health Insurance Plans
    • Cancer Insurance Plan
    • NRI Plans
    • ABHA Card
    • Pay Premium Online
    • Download Premium Receipts
    • Existing Customers Plans
    • Claims Centers
    • Download Policy Pack
    • View Policy Details
    • Electronics Insurance Account
    • Frequently Asked Questions(FAQs)
    • Premium Payment Options
    • Track Application
    • Existing Customer Journey
    • Contact Us
    • Update Personal Details
    • Change Nominee
    • Download Forms
    • Update PAN Card
    • Service TATs
    • Certificate of Insurance
    • Term Insurance Calculator
    • Income Tax Calculator
    • Saving Plan Calculator
    • Compound Interest Calculator
    • Insurance Calculators
    • FD Calculator
    • CIBIL Credit Score
    • RD Calculator
    • PPF Calculator
    • ROI Calculator
    • SIP Calculator
    • NPS Calculator
    • Lumpsum Calculator
    • NSC Calculator
    • Step Up SIP Calculator
    • BMI Calculator
    • SSY Calculator
    • Retirement Planning Calculator
    • SWP Calculator
    • APY Calculator
    • EMI Calculator
    • ELSS Calculator
    • Home Loan Insurance Calculator
    • ULIP Plans
    • Tax Saving Investment
    • Smart Wealth Plan
    • Assured Wealth Plan
    • Smart Wealth Income Plan
    • Flexi Wealth Advantage Plan
    • Savings & Income Plans
    • Smart Fixed-return Digital Plan
    • Money Back Policy
    • Max Life UL Life Growth Super Fund
    • Max Life High Growth Fund
    • Max Life UL Life Secured Fund
    • Max Life UL Sustainable Equity Fund
    • Max Life Nifty Smallcap Quality Index Fund
    • Max Life UL Life Balanced Fund
    • Max Life UL Pure Growth Fund
    • Max Life UL Secure Plus
    • Max Life UL Life Growth Fund
    • Max Life UL Life Conservative Fund
    • Max Life UL Life Diversified Equity Fund
    • Max Life UL Money Market ii Fund
    • Max Life UL Life Dynamic Bond Fund
    • Max Life Midcap Momentum Index Fund
    • Income Tax Slab 2024-25
    • Nifty 500 momentum 50 fund
    • Max Life Nifty Momentum Quality 50 Fund
    • bima-bharosa
    • Why Max Life
    • Know Our Story
    • Awards & Achievement
    • CSR
    • ESG
    • Diversity, Equity & Inclusion
    • Media Center
    • Our Leadership
    • Public Disclosures
    • ISNP Details
    • All About Claims
    • Become An Agent
    • NAV Performance
    • Monthly Factsheets
    • Fund Portfolio
    • NAV Performance & Benchmark
    • Monthly Fund Snapshot
    • Annual Investment Report
    • Max Life Branches
    • Investors
    • Key Company Policies
    • Download our Maxfit App on Playstore
    • Download our Maxfit App on Appstore
    • Careers
    AppstoreImgGooglePlayStoreImg
    footer_logo_39d37d9484
    AppstoreImgGooglePlayStoreImg
    • IRDAI Consumer Education Website
    • Agent Suspended & T.
    • Do Not Disturb
    • Insurance Ombudsman
    • Privacy Policy
    • Disclaimers
    • Service TATs
    • Grievance Redressal
    • Bima Bharosa
    • Unclaimed Amount
    • Withdrawn Plans
    • Sitemap
    • UW Approach & Philosophy

    Group Sites

    • MAX INDIA
    • MAX FINANCIAL SERVICES
    • ANTARA SENIOR LIVING
    • MAX LIFE PENSION FUND MANAGEMENT

    BEWARE OF SPURIOUS PHONE CALLS AND FICTITIOUS/FRAUDULENT OFFERS

    IRDAI clarifies to public that:
    • • IRDAI is not involved in activities like selling insurance policies, announcing
      bonus or investment of premiums.
    • • Public receiving such phone calls are requested to lodge a police complaint.

    IRDAI - Registration No. 104. ARN/Web/01/21042021 Category: Life. Validity: Valid.
    Corporate Identity Number (CIN):U74899PB2000PLC045626.
    Corporate Office: Max Life Insurance Co. Ltd. 11th Floor, DLF Square, Building, Jacaranda Marg, DLF Phase 2, Sector 25, Gurugram, Shahpur, Haryana 122002
    Trade logo displayed belongs to Max Financial Services Ltd. and Axis Bank Ltd .respectively and with their consents, are used by Max Life Insurance Co. Ltd

    Max Life Insurance Company Limited is a Joint Venture between Max Financial Services Limited and Axis Bank Limited.

    Corporate Office : Max Life Insurance Co. Ltd. 11th Floor, DLF Square Building, Jacaranda Marg, DLF City Phase II, Gurugram (Haryana) - 122002.

    Operation Center : Max Life Insurance Co. Ltd, Plot No. 90C, Udyog Vihar, Sector 18, Gurugram (Haryana) - 122015.

    Customer Helpline: 1860 120 5577 (9:00 A.M to 6:00 P.M Monday to Saturday) * Call charges apply.

    Online Helpline - 0124 648 8900 (09:00 AM to 09:00 PM Monday to Saturday).

    Fax Number:0124-4159397.

    Email ids: service.helpdesk@maxlifeinsurance.com

    Website: www.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.

    *Life insurance coverage is available in this product. For more details on risk factors, Terms and Conditions please read the prospectus carefully before concluding a sale. You may be entitled to certain applicable tax benefits on your premiums and policy benefits. Please note 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 tax laws. Trade logo displayed belongs to Max Financial Services Ltd. and Axis Bank Ltd. respectively and with their consents, are used by Max Life Insurance Co.

    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.

    Disclaimers for Market Linked Plans & Saving plans:

     

    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.

    Unit Linked Insurance Products (ULIPs) are different from the traditional insurance products and are subject to the risk factors. The premium paid in the Unit Linked Life Insurance Policies is subject to investment risks associated with capital markets and the NAVs of the units may go up or down based on the performance of fund and factors influencing the capital market and the insured is responsible for his/her decisions. Max Life Insurance is only the name of the insurance company and Max Life Online Savings Plan (UIN: 104L098V06) is only the name of the unit linked life insurance contract and does not in any way indicate the quality of the contract, its future prospects or returns. Please know the associated risks and the applicable charges from your Insurance agent or the Intermediary or policy document of the insurer. The various funds offered under this contract are the names of the funds and do not in any way indicate the quality of these funds, their future prospects or returns.

    Max Life Online Savings Plan is a Unit Linked Non Participating Individual Life Insurance Plan (UIN: 104L098V06)

    *#Some benefits are guaranteed and some benefits are variable with returns based on the future performance of your Insurer carrying on life insurance business. 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 as the value of your Policy depends on a number of factors including future investment performance. The guaranteed and non-guaranteed benefits are applicable only if all due premiums are paid. The Maturity Benefit shown in the illustrative example are inclusive/exclusive of taxes.

    Privacy Policy

    ^^On completion of policy term

    The savings indicated is the maximum premium difference as compared with offline plan & depends on the variant purchased.

    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 nominee’s photo identity proof > Discharge/Death summary attested by hospital authorities or FIR & Post Mortem Report/viscera report (in case of accidental death)

    1The 5% employee discount will be refunded to you once your policy is issued. Submit your documents for getting your policy issued and get 5% employee discount

    2Total premium will be charged at the time of the policy issuance (subject to underwriting’s decision).

    3The discount is applicable if you are a salaried employee with a corporate. During policy issuance, Max Life may call for proof of employment if required. In case proposer when asked is not able to prove the employment part, discount offer will be discontinued and additional premium as applicable will have to be paid for processing of the case.

    4InstaClaim TM is available for all versions of (UIN: 104N125V06). 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 nominee’s photo identity proof • Discharge/Death summary attested by hospital authorities or FIR & Post Mortem Report/viscera report (in case of accidental death)

    5Criteria applicable only for “Term plans” for Graduate, Indian resident with declared income >= 10 lacs with CIBIL score >= 650 (salaried) and >= 700 (self-employed) with no disclosed medical condition

    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

    7Available with Max Life Smart Wealth Plan (UIN: 104N116V13)

    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.

    9The percentage savings is for a regular pay Max Life Smart Secure Plus Plan (A Non Linked Non Participating Individual Pure Risk Life Insurance Plan, UIN: 104N118V10)– 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 details’

    ##Tax conditions :

    ##Save 46,800 on taxes if the insurance premium amount is Rs.1.5 lakh per annum and you are a Regular Individual, Fall under 30% income tax slab having taxable income less than Rs. 50 lakh and Opt for Old tax regime ~# Save 54,600 on taxes if the insurance premium amount is Rs.1.5 lakh per annum for life cover and 25,000 for critical illness cover and you are a Regular Individual, Fall under 30% income tax slab having taxable income less than Rs. 50 lakh and Opt for Old tax regime.

    CI Rider disclaimers:

    MAX LIFE CRITICAL ILLNESS AND DISABILITY RIDER (UIN: 104B033V02) available as a rider on payment of additional premium.

    >Extended cover of up to 85 years is available with gold and platinum variant only

    @64 critical illnesses covered in platinum and platinum plus variant on payment

    22 critical illnesses covered in gold and gold plus variant

    *^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.

     ~ 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

    ~1 Conditions for Special exit value:

    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.

    ~2 Voluntary Top-up Sum assured:

    Option to double your insurance cover, basis underwriting, at the time of your need by increasing your sum assured up to an additional 100% of base sum assured, chosen at inception

    ^^*^^Free look period conditions:

    The policyholder has a period of 30 days from the date of receipt of the policy document, to review the terms and conditions of the Policy, where if the policyholder disagrees to any of those terms or conditions, he / she has the option to return the Policy stating the reasons for his objections. The policyholder shall be entitled to a refund of the premiums paid, subject only to deduction of a proportionate risk premium for the period of cover and the expenses incurred by the company on medical examination of the lives insured and stamp duty charges.

    ^Individual Death Claim Paid Ratio as per audited financials for FY 2023-2024

    @3Tax benefits as per prevailing tax laws, subject to change

    Terms and conditions for availing 5% employee discount:

    <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.

    ARN - ARN/Web/01/21042021

    Past performance of the investment funds do not indicate the future performance of the same. Investors in the Scheme are not being offered any guaranteed / assured returns. The premiums & funds are subject to certain charges related to the fund or to the premium paid.

    The premium shall be adjusted on the due date even if it has been received in advance.

    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.

    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.

    For Riders -#Applicable Rider available on the payment of Additional Premium is Max Life Critical Illness and Disability Rider | Non-Linked Non-Participating Individual Pure Risk Health Insurance Rider | UIN: 104B033V02. Critical Illness and Disability Rider variant opted is Platinum Plus which covers 64 critical Illnesses. The rider cover will only be paid in scenarios where customer is diagnosed with listed 64 critical illnesses or total and permanent disability. Rider will terminate after major critical illness claim is paid to the policyholder. In case customer requests for cancellation of rider only, the solution as a whole will be cancelled and not just the individual rider.

    For Additional Benefits -##On Payment of Additional Premium. The accident cover will only be paid in scenarios where death occurs due to accident.

    *~Disclaimer | Max Life Smart Secure Plus Plan. A non-linked non-participating individual pure risk 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.

    ##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 RBI’s website).

    #With “Save the date”, you can choose to take your annual income to any special date in a year.

    ***Available with early wealth variant. Income benefit will be paid as per selected plan terms.

    ~Accidental death benefit is available in call variants except for Single premium variant. Life insurance coverage is available in this product.

    #~Term Insurance plan bought online directly from Max Life Insurance has no commissions involved.

    ~1Max Life Smart Secure Plus Plan, A non-linked non-participating Individual Pure Risk Life Insurance Plan | Standard Premium for 30 year old healthy male, non-smoker, 40 years policy term, 40 year premium payment term (exclusive of GST) for Max Life Smart Secure Plus Plan | ~1 Conditions for special exit value: 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. Option to receive all premiums back (exclusive of GST). Flexibility of exiting the plan early. Special Exit Value cover applicable till age 68 & above (of your age). T&C Apply.

    @>Max Life Critical illness and Disability (UIN: 104B033V02) available as a rider on payment of additional premium. 64 critical illnesses covered in platinum and platinum plus variant on payment.

    *Available on Payment of Additional Premium. The accident cover will only be paid in scenarios where death occurs due to accident.

    ^1Disclaimer: 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: 104N125V06) with a life cover of Rs. 50 lakh.

    ^2Disclaimer: 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: 104N125V06) with a life cover of Rs. 75 lakh.

    ^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: 104N125V06) with a life cover of Rs. 1 Cr.

    ^4Disclaimer: 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: 104N125V06) with a life cover of Rs. 1.5 Cr.

    ^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: 104N125V06) with a life cover of Rs. 2 Cr.

    ^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: 104N125V06) with a life cover of Rs. 5 Cr.

     

    Disclaimer~*Standard premium for 24-year old healthy female,non-smoker, 25 years policy term, 25 year premium payment term (exclusive of GST) for Max Life Smart Total Elite Protection Term Plan (UIN: 104N125V06)

    ~^Disclaimer: 5 year return (CAGR – Compound Annualised Growth Rate) from Max Life High Growth Fund (ULIF01311/02/08LIFEHIGHGR104) as on 31/07/2024

    ^~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).

    ~3Disclaimer: A 35 year old female opting for a life cover of Rs. 1 Cr till the age of 75 years pays Rs. 3,963 monthly for 10 years while a 35 year old male will pay Rs. 4,977 monthly for 10 years

    ~4 Subject to submission of all documents required for GST waiver.

    *++Max Life's Nifty Alpha 50 Fund tracks the NSE's Nifty Alpha 50 Index, subject to tracking error. The above values have been calculated by projecting historical returns of the Nifty Alpha 50 index, after adjusting for all expenses, except the tracking error, in Max Life's online savings plan (variant 1) for a 35-year-old male investing 10k per month for 10 years and maturity after 20 years. The calculations have been done using historical returns of the Nifty Alpha 50 index and may not be indicative of the future performance of Max Life's Nifty Alpha 50 Fund. The above values have been calculated basis 10 year returns of 26.4% (30th Apr'24) of the Nifty Alpha 50 Index.

    Disclaimer: ^4Standard 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: 104N125V06) with a life cover of Rs. 1.5 Cr.

    *+Nifty Mid-cap 150 Momentum 50 Index was launched in Aug’22. These are returns of benchmark indices and are not indicative of return on Max Life Insurance’s Midcap Momentum Index fund. 10 year return of NIFTY Midcap 150 Momentum 50 Index as on 27/05/2024. Max Life Midcap Momentum Index Fund (SFIN: ULIF02802/01/24MIDMOMENTM104) is passively managed Index Fund that mirrors NIFTY Midcap 150 Momentum 50 Index.

    *&10 year return of Nifty Smallcap 250 Quality 50 Index as on 30/04/2024. The past returns are extrapolation of index fund returns up to past 10 years using same formula (provided by NSE). The returns are not indicative of the future performance of the fund. Max Life Nifty Smallcap Quality Index Fund is passively managed Index Fund that mirrors Nifty Smallcap 250 Quality 50 Index. The objective of the fund is to invest in companies with similar weights as in the index and generate returns as closely as possible, subject to tracking error.

    @1Standard premium for 20-year old healthy male, non-smoker, 40 years policy term, 40 year premium payment term (exclusive of GST) for Max Life Smart Total Elite Protection Term Plan (UIN: 104N125V06). The above mentioned premium is the discounted monthly premium to be paid in 1st year. Discount is applicable only for salaried employees with a corporate, purchasing via web link. During policy issuance, Max life may call for proof of employment if required. In case proposer when asked is not able to prove the employment part, discount offer will be discontinued and additional premium as applicable will have to be paid for processing of the case. | ~1 Get back all the premiums paid with Special Exit value. This can be exercised in any policy year starting 30th policy year, but not during the last 4 policy years. Available for minimum policy term of 40 years. Benefit available with special exit value - the total premiums paid plus underwriting extra premiums paid plus loadings for modal premiums exclusive of any applicable taxes, cesses or levies. This feature shall be applicable on the base cover premium only and not for additional optional benefits like Accident cover, Joint life cover, any attached riders and Voluntary Sum Assured Top-Up.

    @2Standard premium for 20-year old healthy male, non-smoker, 40 years policy term, 40 year premium payment term (exclusive of GST) for Max Life Smart Total Elite Protection Term Plan (UIN: 104N125V06). The above mentioned premium is the discounted monthly premium to be paid in 1st year. Discount is applicable only for salaried employees with a corporate, purchasing via web link. During policy issuance, Max life may call for proof of employment if required. In case proposer when asked is not able to prove the employment part, discount offer will be discontinued and additional premium as applicable will have to be paid for processing of the case. | ~1 Get back all the premiums paid with Special Exit value. This can be exercised in any policy year starting 30th policy year, but not during the last 4 policy years. Available for minimum policy term of 40 years. Benefit available with special exit value - the total premiums paid plus underwriting extra premiums paid plus loadings for modal premiums exclusive of any applicable taxes, cesses or levies. This feature shall be applicable on the base cover premium only and not for additional optional benefits like Accident cover, Joint life cover, any attached riders and Voluntary Sum Assured Top-Up.

    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 – 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.

    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).

    Disclaimer: @2Standard premium for 20-year old healthy male, non-smoker, 40 years policy term, 40 year premium payment term (exclusive of GST) for Max Life Smart Total Elite Protection Term Plan (UIN: 104N125V06).** The above mentioned is the discounted monthly premium to be paid in 1st year. Discount is applicable only for salaried employee with a corporate, purchased via web link | ~1Get back 4.67 Lakhs premiums paid under Special Exit value at 36th Policy Year. This can be exercised in any policy year starting 30th policy year, but not during the last 4 policy years. Available for minimum policy term of 40 years. Benefit available with special exit value - the total premiums paid plus underwriting extra premiums paid plus loadings for modal premiums exclusive of any applicable taxes, cesses or levies. This feature shall be applicable on the base cover premium only and not for additional optional benefits like Accelerated Critical Illness, Accident cover, Joint life cover, any attached riders and Voluntary Sum Assured Top-Up| ~Singapore, Hong Kong, New Zealand, Australia, Canada, UAE, Oman, Qatar, Saudi Arabia, Kuwait, Sri Lanka, Maldives, Fil, Brunei, Taiwan, Mauritius, South Korea, Bahrain, China, France, Germany, Switzerland, Austria, Hungary, USA, UK, Japan, Belgium, Denmark, Spain, Greece, Ireland, Luxemburg, Italy, Netherlands, Finland, Sweden, Norway.

    Disclaimer:@++Max Life’s NIFTY Momentum Quality 50 Fund (SFIN: ULIF03127/10/24MOMQUALITY104) is a passively managed Index Fund that mirrors NIFTY 500 Multicap Momentum Quality 50 Index, subject to tracking error. The fund value calculation is done by projecting historical returns of NIFTY 500 Multicap Momentum Quality 50 Index, after adjusting for all expenses (except tracking error) in Max Life’s 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 24.9% p.a. gross investment returns as on 16/10/2024, which is the 10-year return of NSE's NIFTY 500 Multicap Momentum Quality 50 Index (backtested)

    ~4Subject to submission of all documents required for GST waiver.

    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 June’24 and are not indicative of returns on Max Life Insurance’s newly launched NIFTY 500 Momentum 50 Fund. Max Life’s NIFTY 500 Momentum 50 Fund (SFIN:ULIF03014/08/24MOMENFIFTY104) is a passively managed Index Fund that mirrors NSE’s NIFTY 500 Momentum 50 Index, subject to tracking error. The fund value calculation is done by projecting historical returns of NSE’s NIFTY 500 Momentum 50 Index, after adjusting for all expenses (except tracking error) in Max Life’s 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).


    Disclaimer: *6Check the Total Premium amount against the respective monthly premium values in the below table.

     

    Note: For Sum assured of 75 lakh, 1 crore, 1.5 crore and 2 crore, the below calculations are based on Max Life Smart Total Elite Protection Plan (A Non Linked Non Participating Individual Pure Risk Life Insurance Plan, UIN:104N125V06). Monthly premium amounts are excluding GST and before any applicable discounts assuming Regular Pay and monthly payment mode.

     

    Age of Male ApplicantPremium Amount for Rs. 75 lakh Term PlanPremium Amount for Rs. 1 crore Term PlanPremium Amount for Rs. 1.5 crore Term PlanPremium Amount for Rs. 2 crore Term Plan
    SmokerNon-SmokerSmokerNon-SmokerSmokerNon-SmokerSmokerNon-Smoker
    18 Years (PPT: 67 years)1417/Month
    Total Premium payable: 10.79 lakh    		885/Month
    Total Premium payable: 6.74 lakh    		1429/Month
    Total Premium payable: 10.88 lakh    		893/Month
    Total Premium payable: 6.80 lakh    		2143/Month
    Total Premium payable: 16.32 lakh    		1340/Month
    Total Premium payable: 10.20 lakh    		2547/Month
    Total Premium payable: 19.39 lakh    		1592/Month
    Total Premium payable: 12.12 lakh
    25 Years (PPT: 60 years)1872/Month
    Total Premium payable: 12.76 lakh    		1170/Month
    Total Premium payable: 7.98 lakh    		1956/Month
    Total Premium payable: 13.34 lakh    		1223/Month
    Total Premium payable: 8.34 lakh    		2934/Month
    Total Premium payable: 20.00 lakh    		1834/Month
    Total Premium payable: 12.50 lakh    		3436/Month
    Total Premium payable: 23.42 lakh    		2147/Month
    Total Premium payable: 14.64 lakh
    35 Years (PPT: 50 years)3030/Month
    Total Premium payable: 17.22 lakh    		1824/Month
    Total Premium payable: 10.76 lakh    		3421/Month
    Total Premium payable: 19.44 lakh    		2138/Month
    Total Premium payable: 12.15 lakh    		5131/Month
    Total Premium payable: 29.16 lakh    		3207/Month
    Total Premium payable: 18.22 lakh    		5663/Month
    Total Premium payable: 32.18 lakh    		3540/Month
    Total Premium payable: 20.11 lakh
    45 Years (PPT: 40 years)5687/Month
    Total Premium payable: 25.85 lakh    		3554/Month
    Total Premium payable: 16.16 lakh    		6314/Month
    Total Premium payable: 28.70 lakh    		3946/Month
    Total Premium payable: 17.94 lakh    		9470/Month
    Total Premium payable: 43.05 lakh    		5919/Month
    Total Premium payable: 26.90 lakh    		11948/Month
    Total Premium payable: 54.31 lakh    		7468/Month
    Total Premium payable: 33.94 lakh
    55 Years (PPT: 30 years)11,101/Month
    Total Premium payable: 37.84 lakh    		6938/Month
    Total Premium payable: 23.65 lakh    		13,065/Month
    Total Premium payable: 44.54 lakh    		8166/Month
    Total Premium payable: 27.84 lakh    		19,598/Month
    Total Premium payable: 66.81 lakh    		12,249/Month
    Total Premium payable: 41.76 lakh    		24,914/Month
    Total Premium payable: 84.93 lakh    		15,571/Month
    Total Premium payable: 53.08 lakh
    60 Years (PPT: 25 years)16,044/Month
    Total Premium payable: 45.58 lakh    		10,027/Month
    Total Premium payable: 28.49 lakh    		19,015/Month
    Total Premium payable: 54.02 lakh    		11,884/Month
    Total Premium payable: 33.76 lakh    		28,523/Month
    Total Premium payable: 81.03 lakh    		17,827/Month
    Total Premium payable: 50.64 lakh    		35,894/Month
    Total Premium payable: 101.97 lakh    		22,433/Month
    Total Premium payable: 63.73 lakh

     

     

    Age of Female ApplicantPremium Amount for Rs. 75 lakh Term PlanPremium Amount for Rs. 1 crore Term PlanPremium Amount for Rs. 1.5 crore Term PlanPremium Amount for Rs. 2 crore Term Plan
    SmokerNon-SmokerSmokerNon-SmokerSmokerNon-SmokerSmokerNon-Smoker
    18 Years (PPT: 67 years)1417/Month
    Total Premium payable: 10.79 lakh    		885/Month
    Total Premium payable: 6.74 lakh    		1429/Month
    Total Premium payable: 10.88 lakh    		893/Month
    Total Premium payable: 6.80 lakh    		2143/Month
    Total Premium payable: 16.32 lakh    		1340/Month
    Total Premium payable: 10.20 lakh    		2547/Month
    Total Premium payable: 19.39 lakh    		1592/Month
    Total Premium payable: 12.12 lakh
    25 Years (PPT: 60 years)1626/Month
    Total Premium payable: 11.09 lakh    		1016/Month
    Total Premium payable: 6.93 lakh    		1661/Month
    Total Premium payable: 11.33 lakh    		1038/Month
    Total Premium payable: 7.08 lakh    		2492/Month
    Total Premium payable: 16.99 lakh    		1557/Month
    Total Premium payable: 10.62 lakh    		2831/Month
    Total Premium payable: 19.30 lakh    		1769/Month
    Total Premium payable: 12.06 lakh
    35 Years (PPT: 50 years)2492/Month
    Total Premium payable: 14.16 lakh    		1588/Month
    Total Premium payable: 8.85 lakh    		2766/Month
    Total Premium payable: 15.72 lakh    		1729/Month
    Total Premium payable: 9.82 lakh    		4150/Month
    Total Premium payable: 23.58 lakh    		2593/Month
    Total Premium payable: 14.73 lakh    		4572/Month
    Total Premium payable: 25.98 lakh    		2857/Month
    Total Premium payable: 16.23 lakh
    45 Years (PPT: 40 years)4565/Month
    Total Premium payable: 20.75 lakh    		2853/Month
    Total Premium payable: 12.97 lakh    		4820/Month
    Total Premium payable: 21.91 lakh    		3012/Month
    Total Premium payable: 13.69 lakh    		7229/Month
    Total Premium payable: 32.86 lakh    		4518/Month
    Total Premium payable: 20.54 lakh    		9044/Month
    Total Premium payable: 41.11 lakh    		5652/Month
    Total Premium payable: 25.69 lakh
    55 Years (PPT: 30 years)8460/Month
    Total Premium payable: 28.84 lakh    		5288/Month
    Total Premium payable: 18.03 lakh    		9621/Month
    Total Premium payable: 32.80 lakh    		6013/Month
    Total Premium payable: 20.50 lakh    		14,432/Month
    Total Premium payable: 49.20 lakh    		9020/Month
    Total Premium payable: 30.75 lakh    		18,455/Month
    Total Premium payable: 62.91 lakh    		11,534/Month
    Total Premium payable: 39.32 lakh
    60 Years (PPT: 25 years)12,010/Month
    Total Premium payable: 34.12 lakh    		7506/Month
    Total Premium payable: 21.32 lakh    		14,120/Month
    Total Premium payable: 40.11 lakh    		8825/Month
    Total Premium payable: 25.07 lakh    		21,179/Month
    Total Premium payable: 60.17 lakh    		13,237/Month
    Total Premium payable: 37.60 lakh    		26,611/Month
    Total Premium payable: 75.60 lakh    		16,631/Month
    Total Premium payable: 47.62 lakh