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Created By
Max Life Products at a Glance
Features
Plan
Type of Plan
AGE at Last Birthday Terms Bonus Option Riders
Terminal
Illness
Benefit Income Tax
Min Entry Max Entry Premium Payment Policy Cash
Premium
Off Set
PUA
Terminal
(10 years
onwards)
Payor Death
Survival
or
(Money - Back)
Entry
U/S
80C/80D/
80CCC
Exit
U/S
10 10(D)
Traditional
Participating,
Endowment Plan
18 years 55 Years
6 / 8 Pay
6 / 8 / 10 Pay
12 Pay
15 Years
20 Years
25 Years
Yes Yes Yes Yes Yes Yes Yes No Yes Yes
Traditional
Participating,
Money Back Plan
91 Days
55 Years
50 Years
45 Years
7 /10 Pay
15 Pay
20 Pay
75 Years age of
the Life
Insured
Yes Yes Yes Yes Yes Yes Yes
7.5 % of
GMSA
(From 61-
75 years)
Yes Yes
Traditional
Participating,
Whole Life Plan
18 Years
60 Years
55 Years
50 Years
10 Pay
15 Pay
20 Pay
100 Years age
of the Life
Insured
Traditional Not
– Par Regular
pay Term Plan
18 Years 65 Years Regular Pay Regular Pay No No No No No NO Yes No Yes Yes
Not – Par
Limited Pay
Term Plan
21 Years
55 Years
50 Years
45 Years
11 Pay
20 Years
25 Years
30 Years
No No No No No NO Yes No Yes Yes
Traditional
Participating,
Endowment
Annuity Plan
25 Years 55 Years
10 Pay
12 Pay
20 Years
25 Years
Yes Yes Yes Yes No Yes Yes No Yes No
Traditional
Participating,
Whole Life Plan
18 Years 55 Years 10 Pay
20 Years
to
99 Years
Unit Link
Pension Plan
30 Years 65 Years Regular / Single
20 Years
Vesting Age 50
No No No No No No Yes No Yes No
Not – Par Unit
Link Plan
21 Years 50 Years Regular Pay
10 Years
to
25 Years
No No No No No NO Yes No Yes Yes
Not – Par Unit
Link Plan
18 Years 60 Years
Single / 5 Pay
Regular
10 Years
20 Years
No No No No Yes NO Yes No Yes Yes
Traditional
Immediate
Annuity Plan
50 Years 80 Years
Regular pay
One Time
Lifetime No No No No No NO Yes No Yes No
Traditional
Participating,
Endowment Term
Plan
18 Years 50 Years 10 Pay 20 Years Yes Yes Yes Yes No No Yes No Yes Yes

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