In ULIPs, the investment risk in the portfolio is borne by the policy holder
Investment Calculator
Online Savings Plan (UIN 104L098V06)₹10k/Month Invested since 2004 would have been ₹4.68 Cr*+ Now!
Midcap Momentum Index Fund 27.74%*+ Returns
Unlimited
Fund Switches
*T&C Apply. For disclaimers, T&C and other details please refer to the disclaimers section at the end of this page.
Swati Saini
Firstly this plan offers a guaranteed interest rate, which means that I know exactly how much money my savings will earn each year. This gives me peace of mind knowing that my money is growing. The website showcased all the features and benefits of the plan clearly and whole journey of buying it online was quite seamless.
Tanu Singh
SFRD plan gives guaranteed returns which are fixed, and it's interest rate doesn't change like FD. Additionally, I got the benefit of a life cover. The website is self explanatory and the online journey is smooth. Max life advisor helped me to choose the suitable plan as per my requirements.
Written by
Reviewed by
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.
What is an Investment Calculator?
An investment calculator is an effective tool that allows you to get an idea of the returns on investment from a specific instrument or plan. This is one reason why they are also called Return on Investment (RoI) calculators.
Investment calculators are designed to provide potential investors with an estimate of the returns they can expect. For example, an investment calculator helps you estimate the benefits you will receive under the plan you choose, the amount to be invested, payment tenure, and frequency. However, investment returns are not guaranteed by such an online tool.
How to use an Investment Calculator?
Before you dive deep into how to use an investment calculator, you must know that different calculators are designed to work differently. You can find investment calculators online on the official websites of insurance companies and many others. The working mechanism of an investment calculator may also differ based on the products being sold through it.
It is simple and easy to calculate investment returns with the help of an online investment calculator. You can use the investment calculator by following these simple steps:
Step 1: Fill in your personal details like full name, date of birth, mobile number, gender, annual income and click on the ‘Check Returns’ button below.
Step 2: Now, select your Educational Qualification, select the right plan for you, and then a right income option.
Step 3: On the next page, select an amount and its corresponding frequency to invest, premium payment term, and income duration, and you will see the key benefits like Life Coverage, Past Returns, and Tax Savings.
Step 4: Now, click on the ‘Check Eligibility’ button to proceed and provide your additional details to continue your investment journey.
The final screen also shows the total investment amount, standard rate of return as per your plan, some of the features of the plan you have selected and the maximum amount of tax you can save.
Variables involved in Investment Calculator
The following are the variables involved in the investment calculator:
Starting amount - Sometimes also referred to as the principal amount, it is the initial amount of the investment.
Return rate - It is the rate at which your investment can grow. For the purpose of illustration, the rate of returns is standard at 4% and 8%.
Investment duration - The duration of the investment refers to the time period of the investment.
Maturity amount - It refers to the amount at the maturity of an investment. It depends on the inputs of the other variables.
Withdrawal duration - It refers to the time period after which you wish to withdraw.
Compound Interest Calculation
The calculation of compound interest using a compound interest calculator is simple and easy, as it eliminates the need for manual complex calculations. This online tool can be used to determine the returns on investments, such as mutual funds, over a long time.
The calculation of compound interest requires three components – the principal amount, rate of interest, and span of time (typically in years) for which the money stays invested. The calculator allows you to enter the principal amount, compounding frequency, rate of interest, and time period. In a fraction of time, the calculator will display the amount of money you will earn as the interest on your investment, as well as the maturity amount.
Here is the compound interest calculation formula: A = P(1 + r/n)nt
Here, A refers to the future value of the investment; P refers to the principal amount to be invested; r refers to the rate of interest; n refers to the number of times the interest gets compounded annually; t refers to the tenure (in years) of investment.
Let us calculate compound interest of an investment of 10,000 for 10 years at an annual rate of interest of 7%.
A = 1000(1 + 7/1)(12 x 10)
The following table depicts the returns on your investment:
| Start Investing | Age 34 |
|---|---|
| Invested Amount | ₹ 10,000 |
| Invested Period | 10 Yrs |
| Total Investment | ₹ 12.00 Lakhs |
| Returns at the Age 44 | ₹ 17.41 Lakhs |
In just 10 years, your invested amount grows by 45%.
Types of Investment Calculators
Investment calculators can be of different types based on how you would like to invest your money. The following are two common and most relevant types of investment calculators:
One-time or Lumpsum Investment Calculator
One-time investment calculator allows you to calculate or project the overall returns on your single investment, and it is ideal for those who wish to invest their money in one go and reap higher returns on their idle money.
| Lumpsum Amount | Duration | Returns | Total Invested | Maturity Amount* |
|---|---|---|---|---|
| 1 Lakh | 20 Years | 15% | 1 Lakh | 16.37 Lakhs |
| 1 Lakh | 20 Years | 20% | 1 Lakh | 38.34 Lakhs |
| 1 Lakh | 20 Years | 25% | 1 Lakh | 86.74 Lakhs |
| 1 Lakh | 20 Years | 30% | 1 Lakh | 1.90 Cr |
Monthly Investment Calculator (Systematic Investment Calculator)
Systematic investment calculator allows you to calculate or project the overall returns on your regular investments, such as an SIP in mutual funds. This calculator is ideal for regular investors and plan to contribute on a monthly basis.
| Invested Amount | Investment Duration | Additional Waiting Time | Returns | Total Invested | Maturity Amount* |
|---|---|---|---|---|---|
| 10K/Month | 10 Years | 10 Years | 15% | 12 Lakhs | 1.24 Cr |
| 10K/Month | 10 Years | 10 Years | 20% | 12 Lakhs | 2.78 Cr |
| 10K/Month | 10 Years | 10 Years | 25% | 12 Lakhs | 6.33 Cr |
| 10K/Month | 10 Years | 10 Years | 30% | 12 Lakhs | 14.57 Cr |
*Disclaimer: The numbers shown in the above tables are for illustration purpose only and do not represent real-world returns of any products of Max Life Insurance.
Benefits of using Investment Calculator
A return on investment calculator shows an estimate of the returns you can receive on the investment. Knowing this is important as any investment decision impacts your overall financial planning in the big picture.
Investment calculators for different instruments also give you a better idea about their suitability for your financial goals. Particularly for risk-averse investors, an investment calculator holds significant value as it helps them find safe investment options. Also, the results shown by an online investment calculator are more accurate than manual calculations.
BENEFITS
Why Prefer Max Life?
99.65%
Claims paid percentage
(Source : Individual Death Claim Paid Ratio as per audited financials for FY 2023-2024)
₹1,779,409 Cr.
Sum Assured
In force (individual) (Source : Max Life Public Disclosure, FY 2023-24)
₹150,836 Cr.
Assets Managed
(Source : Max Life Public Disclosure, FY 2023-24)
304 Offices
Max Life Presence
(Source : As reported to IRDAI, FY 2023-24)
Empathy
For our customers
Transparency
In all phases
Smart Investment options in India
- Mutual Funds -Mutual Funds are investment schemes that are professionally managed by mutual fund manager. Investments from large number of investors are pooled and invested in multiple investment instruments under the specific mutual fund scheme. Mutual Funds in India are governed by SEBI (Securities Exchange Board of India) guidelines.
- SIP -SIP or Systematic Investment Plan allows investors to invest a small amount in regular intervals in a specific mutual fund. SIP comes in handy for investors who want to invest in a periodic fashion instead of lumpsum investments.
- ULIP -ULIP or Unit Linked Insurance Plans are a combination of an investment option and a life insurance. As the name ULIP suggests these are financial products that offer market-linked investment returns and life cover. If you want to take advantage of the benefits of both worlds of growth of wealth and life cover then you should go for ULIPs. Below are some of the funds available with Max Life Online Savings plan – Max Life UL Life Growth Super Fund Max Life High Growth Fund Max Life UL Life Growth Fund Max Life UL Life Balanced Fund Max Life UL Life Secure Fund Max Life Dynamic Opportunities Fund Max Life UL Money Market Fund
- Investment -Investment Plans are financial tools that help create wealth for future. There are a lot of investment plans which will help you to invest your money into different market-lined and money-market products in a periodic fashion to achieve your goals. Investment plans do provide the advantage of maximizing our investments through systematic, long-term investments and create wealth for the future. The first step towards having the investment plan in India is to understand your risk profile and needs, and then choose an investment plan that best suits you.
- Pension Plans -Pension plans are financial instrument that are designed to accumulate wealth throughout their working years so that you can cater to your restatement needs. Pension plans are crucial for creating a robust retirement plan for a stress-free retirement.
- Retirement Plans -Retirement Plans are a type of life/annuity plan that are made to help you pay for things like medical bills and living expenses after you retire. You would want to continue living the same way after retirement. Both benefits plan and retirement plans are a classification of life coverage designs that are extraordinarily intended to meet your post-retirement needs. These plans help cover your expenses and ensure your future so you can enjoy your golden years financially independent.
- Endowment-Uniquely, an endowment policy includes a savings or investment component in addition to providing insurance coverage in the event of the policyholder's death. An endowment policy, in contrast to standard life insurance, is designed to double as an investment vehicle and a protection plan at the same time.
- NRI Investment Plans -No matter where family members live, NRI investment plans are a smart way to protect their finances. NRIs can invest in savings plans, unit-linked insurance plans, child plans, and retirement plans, among others, in India in addition to pure protection policies like term life insurance.
- Fixed Deposit -If you have to deposit a specific amount in advance for a fixed duration, Fixed Deposit or FD can be a great investment option. Banks offer a fixed rate of interest on your deposit amount depending on the tenure and applicable FD interest rates. To help you achieve your financial objectives over a period of time, secured investments provide investors with assured returns.
- Tax Saving Investments -Tax saving investments are investments through which you can save tax in India. There are various sections under the India Tax Act through which you can save tax by investing in various instruments such as life insurance, ELSS (Equity Linked Savings Scheme), PPF (Public Provident Fund), and Health Insurance.
Here is a list of tax saving investment options available in India–
| Investment options | Tax Benefit u/s |
|---|---|
| Life Insurance | Section 80C and Section 10(10D) |
| NPS Section | 80CCD |
| Health Insurance | Section 80D |
| ELSS (Equity Linked Savings Scheme) | Section 80C |
| PPF | Section 80C |
What is a Savings Calculator?
The savings calculator helps determine the rate at which your savings would grow over time. Most of the savings calculator online are related to certain savings and income plans. Based on your details, a savings calculator will help you estimate the growth of your savings. It helps individuals in planning for different financial goals in life.
Whether your goal is to achieve guaranteed savings or guaranteed income, you can use a savings calculator online to determine the assured returns under a specific savings plan. Before you start using a savings calculator, make sure you assess your financial needs, and decide on an amount you can save regularly.
How does a Savings Calculator work?
When you plan to save a certain amount regularly, you want to know the interest rate or returns you can get. This is what a savings calculator does – it tells you about the expected returns for a specific amount saved under a plan over a certain tenure. Various online savings calculators also provide the details of life cover component associated with the chosen plan, if any.
- Start using this savings calculator online by providing details, including your name, date of birth, gender, and annual income.
- Choose from the options of guaranteed savings, guaranteed income, or market-linked child plan given in this savings calculator.
- Enter the amount you can save monthly or annually under the plan selected.
- Select the plan tenure and benefit period as given in the savings calculator.
FAQs
1.Why should I use an investment calculator?
An investment calculator helps in making an informed decision to invest money in the right instruments. It also tells you about the impact of invested amount and investment period over the expected returns.
2.When should I start investing money?
There is no specific age to begin investing money. You can start your investment journey based on your current financial profile and life goals. Begin with using an investment calculator to know how to calculate return on investments.
3.Should I invest or save money for the future?
Investing money comes with greater risk but higher returns. However, you can save money in a low or zero-risk savings plan to get assured investment returns. If you are risk-averse, use a savings calculator online to find a suitable plan based on your needs.
4.What will happen if I invest money without using any investment calculator?
The risk of capital loss may increase if you do not make informed investment decisions. You can lower this risk by gaining knowledge about the risk-to-return ratio of different investment plans using investment calculators.
5.Are online ULIP calculators paid or free?
Most of the online investment calculators, including ULIP calculators, are available for use at no cost. It means you can easily use these investment calculators without worrying about paying money to access them.
6.What is a ULIP Calculator?
A ULIP calculator is an easy-to-use calculation tool designed to help you determine the maturity amount from a ULIP.
7.What is a Savings Calculator?
The savings calculator is a type of tool is designed to help you determine the maturity amount from a Savings plan.
8.What Does investing do?
Investing can grow your money, helping you meet your savings and investment goals. In addition to that, investing can also help you outpace inflation to reduce your financial burden in the future.
9.Are returns guaranteed under ULIPs?
No, returns in ULIP are not guaranteed, given that a proportion of the deposit is used to invest in market assets.
10.What is ULIP NAV?
NAV stands for Net Asset Value. NAV in ULIP indicates the market value of stocks held by the investor in the ULIP plan.
11.What are the advantages of using a Returns on Investment Calculator?
A return on investment calculator can help you calculate your returns easily. It’s easy to use, saves time, and gives you accurate results without any errors. You can plan your financial future better using a return on investment calculator.
12.Is it possible to withdraw ULIP?
ULIP comes with a lock-in period of 5 years. Withdrawals are not permitted before this duration.
13.How do we calculate return on investment?
Return on investment can be calculated using a return on investment calculator. You just have to fill in basic details such as investment amount, return rate, and investment tenure to calculate your returns.
14.How is my money invested in ULIP plans?
Individuals who are investing in ULIP plans are required to make regular investments into the scheme. A portion of this investment is used to buy investment assets that can offer returns according to their NAV. These investment assets include equity, debentures, and government securities.
15.How are the returns calculated in ULIP?
As ULIP provides market returns; hence returns in ULIP are not guaranteed. However, you can calculate your returns based on standard rate of performance at 4% and 8% of the fund with the help of a ULIP calculator.
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 premium.
· Public receiving such phone calls are requested to lodge a police complaint.
IRDAI - Registration No. 104. ARN/Web/01/080719 Category: Life. Validity: Valid. Corporate Identity Number (CIN):U74899PB2000PLC04-5626. Trade logo displayed belongs to Max Financial Services Ltd. and Axis Bank Ltd. respectively and with their consents and are used by Max Life Insurance Co. Ltd under a license.
Copyright @2016 Max Life insurance Co. Ltd.
Max Life Insurance Co. Ltd. is a Joint Venture between Max Financial Services Ltd. and Axis Bank Ltd. Registered Office: 419, Bhai Mohan Singh Nagar, Railmajra, Tehsil Balachaur, District Nawanshahr, Punjab -144 533.
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.
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;
Life Insurance Coverage is available in this Product
~1Capital Guarantee Solution 1 is a life insurance solution that provides life cover & helps you earn market linked returns through Max Life Online Savings Plan & the promise of guaranteed returns with Max Life Smart Wealth Advantage Guarantee Plan.
~2The guaranteed benefits are applicable only if all due premiums are paid.
^#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.
*1The market linked benefits are applicable only if all due premiums are paid. Max Life capital guarantee solution 1.
^1The Net Rate of Return has been calculated based on the total maturity benefit, assuming that all premiums have been paid as and when due (excluding applicable taxes, cesses and levies and rider premiums, if any).
^2Lumpsum benefit paid immediately on the death of the Life Insured, higher of Sum Assured, or 105% of Total premiums received upto the date of death.
*2Family Income Benefit equal to 1% of the Sum Assured will be paid each month starting from the Policy anniversary date of every month following or coinciding with the date of death of the Life Insured till the end of the Policy Term, subject to a minimum of 36 monthly payments and a maximum of 120 monthly payments. Please note in case of death of Life Insured with less than 36 months left till the end of Policy Term, there will be a Lump Sum payment of remaining instalments (36 less monthly instalments already paid) with the last monthly payout at end of the Policy Term.
This is a Unit Linked Non Participating Individual Life Insurance Plan with UIN: 104L121V03
LIFE INSURANCE COVERAGE IS AVAILABLE IN THIS PRODUCT.
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 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. Please know the associated risks and the applicable charges from your Insurance agent or the Intermediary or policy document issued by the insurance company.
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.
*4Tax benefits as per prevailing tax laws, subject to change.
++*Max Life Insurance Company Limited is only the name of the insurance company and Max Life Insurance Flexi Wealth Advantage Plan (UIN: 104L121V03) is only the name of the unit linked insurance contract and does not in any way indicate the quality of the contract, its future prospects or returns. Applicable taxes, cesses and levies as imposed by the government from time to time will be deducted from the premiums received or from the funds, as applicable.
Past performance is not necessarily indicative of future performance.
&#The monthly income functionality can be availed using the Smart Withdrawal functionality available in the Whole Life option in Max Life’s Flexi Wealth Advantage Plan. The above monthly income values have been calculated at 8% smart withdrawal percentage. If at any instance during income period, the fund value becomes less than the minimum death benefit, which is defined as higher of sum assured and 105% of total premiums paid, the Smart Withdrawal will cease. It can be re-instated post submission of a request to the company. The smart withdrawal can begin post completion of 10 policy years or end of premium payment term, whichever is later, as chosen by the customer. Check prospectus for details.
&##Guaranteed Loyalty Additions will be calculated as a fixed percentage of the fund value which will differ according to the premium band. These shall be added to the fund value starting from the end of 8th policy year and at the end of each year thereafter. For more details of the premium bands and corresponding GLA percentage, please refer to the product prospectus available on company website.
&&Return of Charges: All or some part of the ULIP charges deducted in the policy will be added back to the fund value depending on premium band and it shall exclude any extra mortality charge, mortality charge on WOP benefit, rider charge and Goods & Service Tax/any other applicable tax levied on the charges deducted, subject to changes in tax laws. For more details of the premium bands and proportion of charges that shall be added back as Return of Charges to the Fund Value, please refer to the product prospectus on company website.
*#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.
*#+The fund value calculation is done by projecting historical returns of 4%, after adjusting for all expenses (except tracking error) in Max Life’s Flexi Wealth Advantage Plan (UIN: 104L121V03) for a 35-year-old male investing 10k per month for 10 years. The monthly income functionality can be availed using the Smart Withdrawal functionality available in the Whole Life option in Max Life’s Flexi Wealth Advantage Plan.
*##+The above monthly income values have been calculated at 8% smart withdrawal percentage where customer pays for 10 years and gets maturity at 11th year. Total premium to be paid in 10 years is 12 Lakhs.
*##The fund value calculation is done by projecting historical returns of 8%, after adjusting for all expenses (except tracking error) in Max Life’s Flexi Wealth Advantage Plan (UIN: 104L121V03) for a 35-year-old male investing 10k per month for 10 years. The monthly income functionality can be availed using the Smart Withdrawal functionality available in the Whole Life option in Max Life’s Flexi Wealth Advantage Plan.
*+ 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 31/07/2024. Max Life Midcap Momentum Index Fund (SFIN: ULIF02802/01/24MIDMOMENTM104) is passively managed Index Fund that mirrors NIFTY Midcap 150 Momentum 50 Index.
&+The fund value calculation is done by projecting historical returns of NSE’s Midcap 150 Momentum 50 Index, after adjusting for all expenses (except tracking error) in Max Life’s Flexi Wealth Advantage Plan (UIN: 104L121V03) for a 35-year-old male investing 10k per month for 10 years. The monthly income functionality can be availed using the Smart Withdrawal functionality available in the Whole Life option in Max Life’s Flexi Wealth Advantage Plan.
&++The above monthly income values have been calculated at 8% smart withdrawal percentage. The values are calculated based on 28.67% returns where customer pays for 10 years and gets maturity at 11th year. Total premium to be paid in 10 years is 12 Lakhs.
^$Max Life's Growth Super Fund (SFIN: ULIF01108/02/07LIFEGRWSUP104) is a is primarily equity oriented by ensuring at least 70% of the Fund corpus is invested in equities at all times. The remaining is invested in debt instruments across Government, corporate and money market papers.
^$+The Fund values have been calculated by projecting historical returns of the Max Life Growth Super Fund, after adjusting for all expenses, except the tracking error, in Max Life’s Flexi Wealth Advantage Plan (UIN: 104L121V03) for a 35-year-old male investing 10k per month for 10 years. The calculations have been done using historical returns of the Max Life Growth Super Fund and may not be indicative of the future performance of Max Life's Growth Super Fund.
*$++The above monthly income values have been calculated at 8% smart withdrawal percentage. The values are calculated based on 13.21% returns where customer pays for 10 years and gets maturity at 11th year. Total premium to be paid in 10 years is 12 Lakhs.
*++Max Life's Nifty Alpha 50 Fund (SFIN: ULIF02914/05/24ALPHAFIFTY104) tracks the NSE's Nifty Alpha 50 Index, subject to tracking error. The returns of 25.76% are as on 31/07/2024 for the Nifty Alpha 50 Index.
#$The fund value calculations have been done using historical returns of the Nifty Alpha 50 index after adjusting for all expenses, except the tracking error, in Max Life’s Flexi Wealth Advantage Plan (UIN: 104L121V03) for a 35-year-old male investing 10k per month for 10 years and may not be indicative of the future performance of Max Life's Nifty Alpha 50 Fund.
#$$The above monthly income values have been calculated at 8% smart withdrawal percentage. The values are calculated based on 23.32% returns where customer pays for 10 years and gets maturity at 11th year. Total premium to be paid in 10 years is 12 Lakhs.
*T&C Apply. Check prospectus for details.
*Applicable for Titanium variant of Max Life Smart Fixed-return Digital plan (UIN: 104N123V05) (Premium payment of 5 years and Policy term of 10 years) and a healthy male of 18 years paying Rs. 20,000/- per month (exclusive of all applicable taxes) with 7.50% return. Life Insurance is available with this product | 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| 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.
ARN: ARN/081024/Savings/SWP/RC
Max Life Online Savings Plan. A unit-linked non-participating individual life insurance plan. | The returns are not guaranteed and is 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. | Max Life Insurance Company Limited is only the name of the insurance company and Max Life Insurance Online Savings Plan (UIN: 104L098V06) is only the name of the unit linked insurance contract and does not in any way indicate the quality of the contract, its future prospects or returns | Investors in this plan are not offered guaranteed/assured returns. | 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 Unit Linked Insurance Products completely or partially till the end of the fifth year. The premium shall be adjusted on the due date even if it has been received in advance. Applicable taxes, cesses and levies as imposed by the government from time to time will be deducted from the premiums received or from the funds, as applicable. Unit Linked Insurance Products (ULIPs) are different from the traditional insurance products and are subject to the risk factors. Please know the associated risks and the applicable charges from your Insurance agent or the Intermediary or policy document issued by the insurance company. 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. Past performance is not necessarily indicative of future performance. The premium paid in unit linked policies are subject to investment risks associated with capital market and publicly available index. The NAVs of units may go up or down based on the performance of fund and factors influencing the capital market /publicly available index and the insured is responsible for his/her decisions. | *Nifty Mid-cap 150 Momentum 50 Index was launched in Aug’22. The past returns are back tested based on historical returns and formula (provided by NSE). These are returns of benchmark indices and are not indicative of return on Max Life Insurance’s Midcap Momentum Index fund. Max Life Midcap Momentum Index Fund (SFIN: ULIF02802/01/24MIDMOMENTM104) is passively managed Index Fund that mirrors NIFTY Midcap 150 Momentum 50 Index | ~Above rates are for a 25 year old male basis 27.74%, 10 year CAGR on 31/07/24 extrapolated for the policy term, customer pays Rs.5K per month for 10 yrs & gets maturity post 20 yrs. Total amount to be paid in 10 years is Rs. 6 lakhs | LIFE INSURANCE COVERAGE IS AVAILABLE IN THIS PRODUCT. Tax benefits as per prevailing tax laws, subject to change. For more details on the risk factors, terms and conditions and products offered, please visit our website www.maxlifeinsurance.com | IRDAI Regn. No. 104
*+#Max Life’s NIFTY 500 Momentum 50 Fund (SFIN: ULIF03015/08/24MOMENFIFTY104) is a passively managed Index Fund that mirrors NSE’s NIFTY 500 Momentum 50 Index, subject to tracking error. The above values have been calculated assuming 25.4% p.a. gross investment returns, which is the 10-year return of NSE's NIFTY 500 Momentum 50 Index (back tested) as on 11/07/2024.
^*Systematic Investment Plans offered.
^Individual Death Claims Paid Ratio as per audited financial of 2023-2024.
The aggregate annualized premium should not be more than 5 lakhs (one or more policies put together) for non-linked no par savings insurance plan in any given year of policy term to be eligible for Section 10 (10D) exemption.
The aggregate annualised premium (incl. top-ups) of the Unit Linked Insurance Plan should not be more than Rs 2.5 lakhs (one or multiple polices put together) in any given year of the policy term to be eligible for Section 10 (10D) exemption.
Applicable taxes, cesses and levies as imposed by the government from time to time will be deducted from the premiums received or from the funds, as applicable. 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 law.