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    • RD Calculator
    • Definition
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    RD Calculator

    Don’t we all wish to grow our wealth? But that seldom happens, because we don’t make the right financial decisions. But if you must know there’s a subtle art of growing your money – and that subtle art in
    volves investing in saving options. One such saving option is Recurring Deposit.That said, if you are planning to invest in Recurring deposit, you might as well consider using an RD calculator.Before we get to the basics and benefits of an RD Calculator, let’s first understand what Recurring Deposit is.
    ...Read More

    Calculate your earnings with RD

    5k

    Get Tax-Free##

    Fixed Returns up to 7.5%*

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    Get Returns in just 5 years

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    Get Life Cover

    View Plans

    You Get

    Total Investment
    ₹ 30.00 k
    Total Interest
    ₹ 0.35 k
    Maturity Amount
    ₹ 30.35 k

    Note: Compounding is occurring on monthly basis.

    calculator-growth-banner-img

    Pay ₹15k/Month1

    for 15 Years.

    After 30 Years,

    Get ₹1.17 Cr.1@8% Or


    Get ₹45.64 Lakhs1@4%

    View plans

    Other Popular Calculators

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    *

    Disclaimer:

    Applicable for Titanium variant of Max Life Smart Fixed-return Digital plan (Premium payment of 5 years and Policy term of 10 years) and a healthy male of 18 years paying Rs. 30,000/- per month (exclusive of all applicable taxes) with 7.5% return. Life Insurance is available with this product

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    Written by

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    Reviewed by

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    Abhishek Chakravarti

    BFSI Writer

    Abhishek is a financial writer with over 6 years of experience in the BFSI sector. Prior to his current stint with Max Life Insurance, he has worked with leading fintech startups. He specializes in writing about taxation and various investment products like ULIPs, retirement plans, guaranteed investment plans, mutual funds etc.

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    Sahil Rawal

    BFSI Expert

    Sahil Rawal is a digital & brand management specialist with over 10 years of experience in Financial Services Industry. Life insurance professional with expertise in digital marketing strategy, website content marketing and brand communication designed to increase brand awareness, drive engagement & sales.

    What is a Recurring Deposit?

    Recurring Deposit is a saving cum investment scheme offered by numerous banks in India. It works by making regular deposits into the saving tool. The deposit earns returns according to the rate of interest defined by the banks. Furthermore, the power of compound interest makes it an even more exciting deposit scheme, yielding better returns.

    An RD account holder can invest a fixed amount every month while earning interest on the investment. The tenure of Recurring Deposit can range anywhere from 6 months to 10 years. Recurring Deposit provides ease of investment and flexibility to investors, making it an ideal saving cum investment scheme.

    How Does RD Interest Calculator help you?

    A Recurring Deposit calculator comes with multiple advantages that you can benefit from.

    RD_Calculator_1_de68f391fe_1906f78940

    1. Aids Financial Planning

    A Recurring Deposit Calculator can give you a fair idea of the maturity amount you’ll get when you invest a fixed amount for a fixed time as recurring deposit. Knowing the amount well in advance can help your financial planning by helping you make better investment and purchasing decisions.

    2. RD Calculator is Easy to Use

    There are numerous RD calculators available online. You just have to choose one, enter the deposit amount, and the number of years you want to keep investing in the Recurring Deposit, and you’ll get the results in no time.

    Get 1 Cr. on Maturity by Investing Rs. 30,000/Month*&

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    How to Use Online RD Calculator?

    An RD calculator is easy to use. To use the calculator on this page scroll to the 1st fold of the page and access the calculator given under the heading **RD Calculator**. You will be required to enter basic details such as your monthly investment amount, rate of interest per annum, and investment tenure to calculate the amount you will receive on maturity.

    How is RD Interest calculated in 2023?

    Knowing the maturity amount for your Recurring Deposit can help your financial planning. The maturity amount can be calculated manually as well as through the RD interest calculators available online.

    As for RD interest, it is set by banks. Therefore, it’s not uncommon to find different interest rates for Recurring Deposit schemes offered by multiple banks. It is not clear how banks calculate interest rates for Recurring Deposit, but the interest rates are influenced by recession, RBI policies, inflation, economy, tenure, age of the applicant and so on.

    Recurring Deposit Formula

    The maturity amount of the Recurring Deposit can be calculated through the Recurring Deposit formula.

    Here’s the formula:

    A = P*(1+R/N)^(Nt)

    A = Maturity amount

    P = Recurring deposit amount

    N = compounding frequency,

    R = Interest rate

    T = Tenure

    Advantages of RD Calculator

    RD or Recurring deposit is an investment tool that allows investors to save money on a regular basis for a long period of time. Calculating returns made on these deposits can be a challenging task for investors. Using an RD calculator can eliminate the hassles of estimating the returns manually. Apart from that, an RD calculator can provide you with the following benefits: -

    RD_Calculator-2

    Saves Time

    RD calculator is a time-saving instrument. It can perform the calculations within a few seconds. The entire process from visiting the RD calculator website to making calculations will not take more than 2 minutes.

    Accurate

    Using an RD calculator can give you fairly accurate results with correct inputs.

    Free to Use

    Most online RD calculator is free to use as many times as you like. It also offers you the flexibility to calculate returns using different variables.

    Helps Compare RD Interest Rates

    If you are confused about where you should open a RD account, the best strategy is to invest where interest rates offered are the highest. An RD calculator can provide instant comparison between maturity amount for different RD interest rates.

    Future Planning

    Knowing your future returns can help fulfil your financial goals efficiently. An RD calculator will provide you with right estimate of your future returns so you can plan accordingly.

    Advantages of RD Calculator

    Investing in an RD account allows individuals to earn fixed interest on the principal amount. The total amount including the interest earned can be withdrawn by the investor at maturity.

    Here are some of the key features of Recurring Deposits: -

    Low Initial Investment

    One of the key features of an RD scheme is that it allows investors to start investing with low amounts. You can open a recurring deposit account with an investment of as low as Rs. 100.

    Tenure

    The minimum period of deposit for an RD account is 6 months. You, as an investor has the flexibility to choose a suitable period with a maximum tenure of up to 10 years.

    Interest Rate

    The rate of interest offered on the RDs is always higher than the rates offered on a regular savings account. Make sure to invest in the RD that offers the highest interest rates.

    Premature Withdrawal

    Premature withdrawals under RD account are allowed but are subject to a certain penalty.

    Tax Implications of RD

    RD_Calculator_3_70ed5978a1

    The money invested in an RD account every year is counted as part of yearly income of the investor. A TDS (Tax Deducted at Source) of 10% is deducted on the interests earned on your RD account. However, the TDS is not deducted if the interest earned is up to Rs. 40,000. Also, the TDS will be 20% in case you fail to provide your PAN information to the financial institution.

    In case your income falls under non-taxable income slab, you will need to submit the Form 15G to be taxed for both fixed deposits and recurring deposits.

    The money invested in an RD account every year is counted as part of yearly income of the investor. A TDS (Tax Deducted at Source) of 10% is deducted on the interests earned on your RD account. However, the TDS is not deducted if the interest earned is up to Rs. 40,000. Also, the TDS will be 20% in case you fail to provide your PAN information to the financial institution.

    In case your income falls under non-taxable income slab, you will need to submit the Form 15G to be taxed for both fixed deposits and recurring deposits.

    Is an RD Interest Rate fixed?

    RD interest rate varies according to banks. Different banks offer different RD interest rates. However, the RD interest rate stands fixed during the investment tenure. This is to say, the RD interest rate you were promised at the start of the investment tenure would stay fixed regardless of any fluctuation during the investment tenure.

    Is TDS applicable on an RD?

    Yes, TDS is applicable on Recurring Deposit. 10% is deducted as TDS on interest earned exceeding INR 40,000. The limit extends to INR 50,000 for senior citizens.

    What is the minimum tenure for an RD?

    The minimum tenure of RD varies according to the bank. However, for most banks, the minimum investment tenure for Recurring Deposit is 6 months.

    Eligibility Criteria for an RD Account

    Here is a list of entities who are eligible to open a RD account: --

    • An individual.
    • A minor who is over 10 years and has an identification proof.
    • A minor who is below 10 years under his guradian’s suggestion
    • A government organization.
    • A company or a corporate.

    Documents Required to Open an RD Account

    Following documents are required to open an RD account: -

    • Identification proof.
    • Duly filled RD application form.
    • Passport size photographs.
    • Address proof.
    • KYC documents.

    Frequently Asked Questions

    search
    A recurring deposit interest calculator is simple to use. You just have to enter your monthly deposit amount, expected rate of interest, and investment tenure to get the maturity amount.

    The maturity amount of RD calculator can be calculated using a formula or an RD calculator. Before you use either of the two methods, ensure that you have decided your monthly deposit amount, and investment tenure.

    However, it is suggested that you use an RD calculator instead, as the calculation can become a little complex when you are using the Recurring Deposit formula.

    Recurring Deposit is a saving-cum investment option offered by multiple banks across India. Consequently, the Recurring Deposit interest rate differs. There is no clear data as to how Recurring Deposit interest rate is determined by banks. However, it is known that the interest rate is affected by economic conditions, RBI policies, inflation, tenure and age of applicant.
    The tenure for Recurring Deposit account in banks can range from 6 months to 10 years.
    The minimum monthly installment amount for investment in Recurring Deposit varies from bank to bank. It usually starts from INR 100.
    If you have a sole-operated RD account, you can add a nominee to your RD account who will be entitled to get the money upon death of the account holder.
    No, partial withdrawal from an RD account is not allowed once the amount has been deposited.
    Yes, some banks lay a penalty in case of delay in monthly deposits. However, it depends on the banks. Some banks may also suspend your RD account if deposits are not made for three months or more.
    Recurring Deposits are not subject to tax exemptions. The tax has to be paid on the interest amount received, according to the tax slab rate of the Recurring Deposit account holder.

    An RD account can be opened through offline and online modes. To open it offline, you need to visit your nearest bank branch and request an RD application form. Along with a duly filled application form, you need to submit basic KYC documents.


    To open an account online, you need to have access to net banking. Once you log in to your account, you can find the option to set up an RD account on the right side.

    The interest that is to be received on an RD account can be calculated using an RD calculator. The online tool is simple to use and gives you results instantly. All you need to do is enter basic information such as monthly investment amount, interest rate and investment tenure to calculate the amount comprising of investment and interest accumulated.
    Yes, most banks offer a higher interest rate for senior citizens. However, the said interest rate depends on the bank. Usually, most banks offer an increased interest rate of 0.5% - 1% to senior citizens.
    Form 15H and 15G need to be filled out to avoid TDS. While form 15H is for senior citizens, Form 15G is for every individual except Non-Resident Indians or NRI.

    Compound interest on Recurring Deposit can be calculated using the compound interest formula, which is:

    A = P (1 + r/n) ^ nt

    Where A is the total amount,
    P = Principal investment amount
    R = Rate of interest
    N = number of times the interest is compounded.
    T = investment tenure
    Yes, the interest paid on Recurring Deposit is compounded quarterly.
    Yes, the interest rate on RD is pre-fixed. This means you will be paid the interest amount according to the interest rate you signed up for at the beginning of the investment tenure.
    Some banks levy a penalty if you do not pay your Recurring Deposit instalment. In addition, your Recurring Deposit account may get terminated if you fail to pay RD instalments consistently.
    Yes, it is possible to add a nominee to your RD account. A nominee can withdraw money from the Recurring Deposit account in the event of the death of the policyholder.
    The fundamental difference between FD and RD is the investment frequency. While FDs invite a one-time lump-sum deposit, RDs invite fixed monthly deposits.

    ARN: PCP/RDC/050723

    *#Guaranteed benefits are applicable if all due premiums are paid.


    Sources:

    www.hdfcbank.com/personal/resources/learning-centre/save/what-is-rd-account

    www.economictimes.indiatimes.com/wealth/calculators/rd-calculator

    www.economictimes.indiatimes.com/wealth/invest/banks-rds-vs-post-office-rd-which-is-offering-higher-interest-rate/articleshow/90994132.cms

    www..livemint.com/money/personal-finance/interest-from-recurring-deposits-is-taxable-11637514218903.html

    www.timesofindia.indiatimes.com/business/faqs/recurring-deposits/know-all-about-recurring-deposits/articleshow/72400673.cms

    www.economictimes.indiatimes.com/wealth/invest/how-to-open-rd-account-online/articleshow/66545129.cms

    www.economictimes.indiatimes.com/wealth/tax/where-tds-is-applicable-and-how-to-avoid-it/tomorrowmakersshow/51065305.cms

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    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