dream wedding leaflet - max life insurance€¦ · dream wedding solution for the moment you plan...

4
Dream Wedding Solution For the moment you plan everyday KEY BENEFITS Get guaranteed 110% of Sum Assured on maturity Get double protection after 5 years Protection of your dreams in case of disability Average Indian wedding will cost between 15 to 25 lacs in the next 10 years Gold prices have increased - 76% in last 5 years Most weddings happen during peak marriage season with costs - 40% higher than usual WHY PLAN FOR YOUR CHILD’S WEDDING ? WHAT IS DREAM WEDDING SOLUTION”? Dream Wedding Solution is a safe, systematic and self completing solution which is a combination of Life Gain Plus (10 pay 20 Year term) and Wavier of Premium Rider (10 years) HOW WILL THIS SOLUTION WORK FOR YOU ? To get `15 lacs amount for your child’s Dream Wedding just save - `5,300/- per month for 10 years (illustrated @ 8%) For internal circulation & training purpose only

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Page 1: Dream wedding leaflet - Max Life Insurance€¦ · Dream Wedding Solution For the moment you plan everyday KEY BENEFITS Get guaranteed 110% of Sum Assured on maturity Get double protection

Dream Wedding Solution For the moment you plan everyday

KEY BENEFITS

Get guaranteed110% of

Sum Assuredon maturity

Get guaranteed110% of

Sum Assuredon maturity

Get doubleprotection

after 5 years

Get doubleprotection

after 5 years

Protection ofyour dreams

in case ofdisability

Protection ofyour dreams

in case ofdisability

• Average Indian wedding will cost between 15 to 25 lacs in the next 10 years• Gold prices have increased - 76% in last 5 years• Most weddings happen during peak marriage season with costs - 40% higher than usual

WHY PLAN FOR YOUR CHILD’S WEDDING ?

WHAT IS DREAM WEDDING SOLUTION”?Dream Wedding Solution is a safe, systematic and self completing solution which is acombination of Life Gain Plus (10 pay 20 Year term) and Wavier of Premium Rider (10 years)

HOW WILL THIS SOLUTION WORK FOR YOU ?To get `15 lacs amount for your child’s Dream Wedding just save - `5,300/- per monthfor 10 years (illustrated @ 8%)

For

inte

rnal

cir

cula

tio

n &

tra

inin

g p

urp

ose

on

ly

Page 2: Dream wedding leaflet - Max Life Insurance€¦ · Dream Wedding Solution For the moment you plan everyday KEY BENEFITS Get guaranteed 110% of Sum Assured on maturity Get double protection

LIVING BENEFIT

Age of Life Assured(in years)

Child’s Age(in years)

Annual Premium`64,240 paid for 10 years

Total `6,42,400

28

Policy Matures

(Age of child)

35

7 16

44 55

DEATH BENEFIT

DISABILITY BENEFIT

Scenario 1: Let’s consider a scenario where the Life Assured (parent) diesafter payment of 6 premiums

Age of Life Assured(in years)

Child’s Age(in years)

35

7Annual Premium `64,240

Total Premiums paid in 6 yearsTotal `3,85,440

12

Lump sum payout to nominee (Double SA + Bonus)

40

`

D at Be ite h nef

( o bl S. .+ Bo us)

D u e A n

@8 ` 16 5,7 2% ,3 4

Scenario 2: Let’s consider a scenario where after payment of 6 premiums theLife Assured (parent) is totally disabled and is not able to pay further premiums

* Illustrated @ 8%. This is an indicative scenario, actual bonus depends on company’s performance on various parameters including mortality, interest rates, etc.

Age of Life Assured(in years)

Child’s Age(in years)

35

7Annual Premium `64,240

Total Premiums paid in 6 yearsTotal `3,85,440

12

40 41

Age of Life Assured(in years)

13Funding of future

premiums by Max Life`2,56,960

16

44

28(Age of Child)

55

Maturity Benefit* `15 lacs`

For

inte

rnal

cir

cula

tio

n &

tra

inin

g p

urp

ose

on

ly

Overview of Dream Wedding Solution for customer age 35 years, childage 7 years, money required for child's wedding is `15 lacs after 20 years

Maturity Benefit* `15 lacs

`

40

Page 3: Dream wedding leaflet - Max Life Insurance€¦ · Dream Wedding Solution For the moment you plan everyday KEY BENEFITS Get guaranteed 110% of Sum Assured on maturity Get double protection

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Note

:The

pre

miu

m ra

tes a

re e

xclu

sive

of se

rvice

tax.

The

serv

ice ta

x for

the

Base

Pre

miu

m is

3.0

9% a

nd fo

r the

Rid

er P

rem

ium

is 1

2.36

% fo

r firs

t yea

r.M

atur

ity V

alue

is ca

lcula

ted

assu

min

g 8%

retu

rns.

This

is an

indi

cativ

e sc

enar

io, a

ctua

l bon

us d

epen

ds o

n co

mpa

ny's

perfo

rman

ce o

n va

rious

par

amet

ers i

nclu

ding

mor

talit

y, in

tere

st ra

tes,

etc.

` 7.5

lacs

` 10

lacs

` 15

lacs

` 25

lacs

Prem

ium

Rec

kone

r - F

emal

e

` 5 la

cs

For

inte

rnal

cir

cula

tio

n &

tra

inin

g p

urp

ose

on

ly

Page 4: Dream wedding leaflet - Max Life Insurance€¦ · Dream Wedding Solution For the moment you plan everyday KEY BENEFITS Get guaranteed 110% of Sum Assured on maturity Get double protection

Mat

urity

Valu

e @

8%

Age

Sum

As

sure

dBa

se

Prem

ium

Ride

r Pr

emiu

mTo

tal

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ium

Sum

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sure

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se

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ium

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r Pr

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ium

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ium

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r Pr

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ium

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ium

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ium

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Note

:The

pre

miu

m ra

tes a

re e

xclu

sive

of se

rvice

tax.

The

serv

ice ta

x for

the

Base

Pre

miu

m is

3.0

9% a

nd fo

r the

Rid

er P

rem

ium

is 1

2.36

% fo

r firs

t yea

r.M

atur

ity V

alue

is ca

lcula

ted

assu

min

g 8%

retu

rns.

This

is an

indi

cativ

e sc

enar

io, a

ctua

l bon

us d

epen

ds o

n co

mpa

ny's

perfo

rman

ce o

n va

rious

par

amet

ers i

nclu

ding

mor

talit

y, in

tere

st ra

tes,

etc.

Prem

ium

Rec

kone

r - M

ale

` 5 la

cs` 7

.5 la

cs` 1

0 la

cs` 1

5 la

cs` 2

5 la

cs

For

inte

rnal

cir

cula

tio

n &

tra

inin

g p

urp

ose

on

ly