Max Life Smart Wealth Advantage Guarantee – Early wealth variant

With the Early wealth variant of Max Life Smart Wealth Advantage Guarantee (UIN:104N124V10) we bring to you the SWAG of income as early as the 1st year/month.

Disclaimer

: In Unit Linked Policies, the investment Risk in the investment portfolio is borne by the policyholder.

Disclaimer

Applicable for Titanium variant of Max Life Smart Fixed-return Digital (Premium payment of 5 years, Policy term of 10 years) and a healthy male of 18 years old paying Rs. 30,000/- monthly (exclusive of all applicable taxes)

How does the Early Wealth Variant work?

Where income starts from the First Month of the Policy:

Parameters	Scenario 1	Scenario 2	Scenario 3	Scenario 4
Age of Life Assured in years	35	35	35	35
Premium payment term/policy term	8/20	12/25	15/40	15/45
Annualised Premium	200,000	200,000	200,000	500,000
Income start year	1^st	1^st	1^st	1^st
Monthly Income Starting 1^stMonth¹	3,440	5,750	6,475	17,180
Income applicable in a year	41,280	69,003	77,699	2,06,160
Income as a percentage of annualised premium	20.64%	34.50%	38.85%	41.23%
Income years	20	25	40	45
Total Guaranteed income	8,25,600	17,25,075	31,07,960	92,77,200
Total Maturity benefits²	18,23,521	24,10,456	55,04,697	1,55,41,139
Customer internal rate of return	4.16%	4.28%	4.94%	5.06%
Give-get ratio	1.66X	1.73X	2.88X	3.32X

Note:

¹Income will be paid till the end of policy term
²Maturity benefit = Sum of [Accrued Guaranteed Additions + Sum Assured on Maturity]

Life Assured is Male and PCB Option has not been opted and Premium is being paid in annual mode. The Give-Get Ratio includes the Auto Debit Booster.

Benefits of Early wealth variant

Your family looks up to you to make your dreams a reality. With Smart Wealth Advantage Guarantee, you can. Now apart from getting an assured sum at the end of your policy term, you can also have an option to receive an income benefit from as early as the 1^st Month, while getting enhanced protection all along.

Enhanced flexibility

Choose your premium payment term and income start year. Receive income on special occasions through our “Save the date” option^#

Liquidity

Option to get income as early as first Month through our “Early wealth” variant. Option to accrue your income and withdraw it anytime during the policy term

Enhanced protection

In-built accidental death benefit of 50% of the sum assured (applicable when premium payment term is over). Optional policy continuance benefit^##

Advantages of Early wealth variant

• Enhanced liquidity for you with the option to receive income from year 1(available with premium payment terms of 5,6,7,8,10,12 and 15)

• You also have the option to start your income from year 5, 7 or 10

• You can choose to accrue your income and withdraw it partially or fully at a later stage with interest**

• An additional policy continuance benefit cab also be opted in order to ensure enhanced protection for your loved ones

ARN: PDP/SWAG4/011024