Monday, 16 February 2015

HOW DOES MAX LIFE FAST TRACK SUPER WORK FOR YOU?

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HOW DOES MAX LIFE FAST TRACK SUPER WORK FOR YOU?


Step 1: Choose your Annualized Premium
Annualized Premium is defined as the level premium payable in a policy year by regular installments as and when due during the Premium Payment Term. The minimum premium that you can opt for varies by premium payment term.

Premium Payment Term-Minimum Annualized/Single Premium
Single Pay-100,000rs
5 years (5 Pay)-50,000rs
20 years (Regular Pay)-25,000rs

Step 2: Choose your Policy Term and Premium Payment Term

You have the option to choose from two Policy Terms basis your need i.e. 10 years or 20 years. You have the option to choose the Premium Payment Term as per your convenience, i.e., Single Pay or 5 Pay for a 10 year Policy Term and Regular Pay for 20 year Policy Term. The Sum Assured for Single pay is fixed 1.25 times the Single Premium while for 5 Pay and Regular Pay it is fixed 10 times the Annualized Premium. On death of the Life Insured anytime during the term of the policy, higher of Sum Assured or Fund Value (as on the date of death), subject to a minimum of 105% of all premiums paid, shall be payable.

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