Max Life Guaranteed Lifeti me Income Plan - GLIP

A MA X LI F E IN SUR A N C E A NN UI TY PR O PO SI TIO N FO R EM PLOY E ES OF

STEEL AUTHORITY OF INDIA LTD.

WHY MAX LIFE INSURANCE?
ASSETS UNDER MANAGEMENT (AUM) FOR MAX LIFE INSURANCE
IN THE LAST FIVE FINANCIAL YEARS

Rs. 44,370 Rs. 52,237 Rs 62,798 Rs. 68,471 Rs. 90,407

31st March, 2017 31st March, 2018 31st March, 2019 31st March, 2020 31st March, 2021
 MAX LIFE HAS REPORTED A CONSISTENT GROWTH SINCE ITS
I N C E P T I O N , R E P O R T I N G A N AV E R A G E Y- O -Y G R O W T H O F 1 5 % I N T H E 16184

LAST 4 YEARS 14509

12501

10780.4023
10600
9216.1642 9349
8172 8108
7279
6391 6638 7114.0474
First Year Premium Renewal Premium 5813 6334.4526
4861 5599.0169
5016.9467
3857
3751.2405 4488.8161 4739.3598
2715 3011.4635
2014.3489 5,160 5,583
1500 1116.7795 4,393
3,666
788 588.1731 2,262 2,573 2,882
215 413 1,598 1,843 1,850 2,062 1,902 1,899
0.16 39 97 179.8017 316.7631 912
0 0
39 29
68 78
137 233 471

2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020

Reached US$ I billion Renewal

Started its Shortlisted for
mark in total revenue Axis Bank agreements
commercial Completed Tie-up the final round
Tie up with and recorded its maiden renewal with Axis Bank
operations Rs. 500 cr. of AFYP with LVB for acquisition and Yes Bank
Axis Bank shareholders’ profit
Rural Distribution of IDBI Federal
Entered the Health
network started in Launched Life Maker – first Sold more than Became the largest non Life Insurance
Insurance Segment First in industry Axis Bank deal
Punjab Unit Linked product 1 million policies bank owned private life announcement
to launch IMF
insurance company in
Awarded the Asia channel Highest claims
India Crossed `
Insurance Industry award paid ratio:
First Bancassurance and Dedicated operations for Innovation 2009 50,000 Cr AUM
Attempted 99.22%
Corporate agency relationship centre inaugurated
merger with Ranked #24 in
HDFC Life Great Places to
Work Survey
MAX LIFE HAS AN EXTENSIVE PRESENCE
ACROSS INDIA THROUGH ITS OWN
O F F I C E S A N D D I S T R I B U T I O N PA R T N E R S
A N D I S T H E 4 T H L A R G E S T P R I V AT E L I F E
I N S U R A N C E P L AY E R I N T H E C O U N T R Y.
• 4th Largest Private Life Insurer^
• ~11% Private Market Share^
• #1 Claims Paid Ratio in the industry
• 277 Own Branch Units
• 7000+ Partner Branches
• ~52,000 Agents
• ~60 Distribution Partners
• ~90,407 Crore Assets Under Management
• 4th Largest Assets Under Management
• ~11 Trillion Sum Assured
• ~10 Million+ Lives Insured** till date
• 3.5 Million+ Active Customers**
Max Life has more ~6500 Point of Sales across the country

^By Individual New Sales **Individual customers

MAX LIFE GUARANTEED LIFETIME
INCOME PLAN (GLIP)
MAX LIFE PRESENTS…
ALL NEW GUARANTEED LIFETIME
INCOME PLAN (GLIP)

An Annuity Plan that offers:

• Option to Plan Early for Retirement
• Option to Withdraw money in times of Emergencies
• Most Competitive Retirement Income

Annuity Options under GLIP

• Immediate Annuity
For already retired individuals
A P L A N W I T H 6 - S TA R B E N E F I T S

Guaranteed Income

Life-long income / Payouts

Legacy Creation

Joint Life Cover

 6 ANNUITY OPTIONS TO CHOOSE FROM

Annuity options under Max Life Guaranteed Life Income Plan

I M M E D I AT E A N N U I T Y

• Single Life Immediate Annuity for life (without Death Benefit)

• Joint Life Immediate Annuity for life (without Death Benefit)
• Single Life Immediate Annuity for life (with Death Benefit)
• Joint Life Immediate Annuity for life (with Death Benefit)
 IMMEDIATE ANNUITY RATE - MALE

Annuity Type Purchase Price Rate

Single Immediate Annuity For Life with ROPP for Male (Annual Mode) Rs. 20 Lacs and above 6.28%

Joint Immediate Annuity For Life with ROPP for Male (Annual Mode) Rs. 20 Lacs and above 6.26%

Single Immediate Annuity For Life w/o ROPP for Male (Annual Mode) Rs. 20 Lacs and above 8.07%

Joint Immediate Annuity For Life w/o ROPP for Male (Annual Mode) Rs. 20 Lacs and above 7.11%

• Rates are for single life annuity with return of purchase price at age 60 and spouse age at 57
• These rates are as on 23rd December, 2021. Please visit annuity calculator for exact rates
 IMMEDIATE ANNUITY RATE - FEMALE

Annuity Type Purchase Price Rate

Single Immediate Annuity For Life with ROPP for Female (Annual
Mode) Rs. 20 Lacs and above 6.27%

Joint Immediate Annuity For Life with ROPP for Female (Annual Mode) Rs. 20 Lacs and above 6.27%

Single Immediate Annuity For Life w/o ROPP for Female (Annual
Mode) Rs. 20 Lacs and above 7.74%

Joint Immediate Annuity For Life w/o ROPP for Female (Annual Mode) Rs. 20 Lacs and above 7.20%

• Rates are for single life annuity with return of purchase price at age 60 and spouse age at 57
• These rates are as on 23rd December, 2021. Please visit annuity calculator for exact rates
 TA X B E N E F I T S ^

• Eligible for Tax deductions under Section

80CCC of the Income Tax Act, 1961
• The Taxpayer can claim a standard of
deduction of Rs. 50,000/- or the amount
of pension, whichever is less (Optional)

Disclaimer : ^Tax Benefits are eligible for Tax exemption on Fulfilling

conditions mentioned under Section 10(10D) of income tax act 1961.
Tax exemptions are as per our understanding of law and as per
prevailing provisions of income tax at 1961. Policy holders are advised
to consult tax expert for better clarification/ interpretation. Please
note that all the tax benefits are subject to tax laws at the time of
payment of premium or receipt of policy benefits to you. Tax benefits
are subject to change in tax laws.
 Contact Detail:
1) S i d d h a r t h S u k h d i a l , C h i e f M a n a g e r – 9 8 7 1 7 2 2 0 9 9 ; s i d d h a r t h
.Sukhdial@maxlifeinsurance.com

2) K r i s h n a S e v a n i , N a ti o n a l H e a d – 9 8 2 0 7 5 6 2 0 2
k r i s h n a k u m a r. s e v a n i @ m a x l i f e i n s u r a n c e . c o

THANK YOU

^on Max Life Insurance Group Business Policies as per Annual Audited Financials for the FY 19 – 20
Max Life Insurance Company Limited is a Joint Venture between Max Financial Services Limited and Axis Bank Limited. Corporate Office: 11th Floor, DLF Square Building, Jacaranda Marg, DLF City Phase II, Gurugram (Haryana) - 122 002. Life insurance coverage is available in
this product. For more details on risk factors, Terms and Conditions please read the prospectus carefully before concluding a sale. You may be entitled to certain applicable tax benefits on your premiums and policy benefits. Please note all the tax benefits are subject to tax laws
prevailing at the time of payment of premium or receipt of benefits by you. Tax benefits are subject to changes in tax laws. Trade logo displayed belongs to Max Financial Services Ltd. and Axis Bank Ltd. respectively and with their consents, are used by Max Life Insurance Co.
Ltd. You can call us on our Customer Helpline No. 1860 120 5577. Website: www.maxlifeinsurance.com
ARN: Max Life/AURAA/Customer Marketing/GB GTL Corporate deck for GLIP/ August 2021     IRDAI Regn. No. -
104
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