A ULIP PENSION PLAN THAT GIVES YOU MORE THAN JUST MONTHLY INCOME.

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1 A ULIP PENSION PLAN THAT GIVES YOU MORE THAN JUST MONTHLY INCOME. Your monthly payment Rs. 3,033 Accidental Cover Rs. 3,00,000* Your income per month Rs. 23,750 # *Personal Accident Benefit opted for. # Illustration computed for healthy male aged 30, vesting age 60, opting for Balanced Fund. Annuity for 6% - Rs. 144,000 (Rs. 12,000 per month) 10% - Rs. 285,000 (Rs. 23,750 per month), Rider Sum Assured - Rs. 300,000. IN THIS POLICY, THE INVESTMENT RISK IN INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER. UIN: 104L056V01

2 Max New York Life - SMART Invest Pension Super UIN 104L056V01 IN THIS POLICY, THE INVESTMENT RISK IN INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER. Living a long life is a blessing that we have received from our elders many a times. However, how this blessing will turn out for you will depend upon what is your answer to the question that follows next. At the age of your retirement, when you won t be earning at the same rate as you are now, what is the amount of money that you will need to maintain your lifestyle for next 20 years? Please take into account the inflation as well. Has the figure left you worried? Is your current retirement planning upto the mark to give you the cushion that you need? However, with proper planning retirement can be - a time to do what you want to do, when you want to do it, where you want to do it, and how you want to do it. It can be: Rejoice, for now it is your time to: Experience all that life has to offer, Take time to smell the roses, Investigate your hobbies, Revitalize your dreams and Embark on a new way of life! Presenting Smart Invest Pension Super, the premier pension plan, which helps you build your retirement bit by bit and makes retirement an event to look forward to. Not an event which leaves you worried. The unmatched SMART Invest Pension Super features: 100% Allocation of your premium from Year 1 - Your investment gets the maximum opportunity to grow. Guaranteed Loyalty Additions - On completion of 11 years of the Policy you are assured of a Guaranteed Loyalty Addition at vesting, For example: for a Policy term of 50 years, this can be as high as 780% of the first ATP. Flexible premium paying terms - Choice of Regular premium paying, 5 Pay Premium Paying term and single premium paying term. Choose as per your convenience. Dynamic Fund Allocation - Entrust the management of you investment, as per your life stage to the experts in Max New York Life and relax. Total Protection - Complete protection against dread diseases and accidents in form of Critical Illness and Personal Accidental Benefit riders at very cost effective rates. Beat Inflation with Increasing Premium Option - A simple yet powerful way to protect your savings from getting eroded by inflation. 4 Easy steps to a relaxed retirement Step 1: The question is not only at what age do you want to retire. It is also at what income? Please consult our retirement meter, which is available with our representative, the Annual Target Premium you must make towards building a happy retirement. Step 2: Choose a premium paying tenure You can choose a premium paying tenure of Single Pay Once at the time of proposal Limited Premium Paying Term (5 Pay) - Premium payment only for the first five Policy years Regular pay Premium paid every year Premium Payment options: In case the regular premium is opted for, the Annual Target Premium* (ATP) can be paid under any one of the following options: Level Premium: Under this option, the Annual Target Premium will remain unchanged, throughout the Policy Term. Increasing Premium: Inflation eats into savings. To help you deal with the threat of inflation, Smart Invest Pension Plus offers an increasing premium option. Under Regular Premium payment option, you have the option to increase your Annual Target Premium by an amount equal to 5% of the initial ATP on each Policy Anniversary after the effective date of the Policy. This option is available only with Regular Pay and can be opted for only at proposal stage. Also, once opted for, Increasing Premium option cannot be opted out for through the term of the Policy.

3 Step 3: Choose your Investment Strategy 5 Expertly Managed Funds to choose from and according to your financial goals, you can customise the allocation of your Funds in any one or more of these Funds or you can invest in Dynamic Fund Allocation your personal portfolio manager. Fund Name Objective of Investment Potential Risk-Reward Govt.Sec Asset Type Corp. Bond Money Market Equity The investment objective of this fund is to provide stable returns by investing in assets Secure Fund of relatively low risk. The fund will invest Low % 0-50% 0-40% Nil primarily in fixed income securities such as government securities, corporate bonds, etc. Conservative Fund The investment objective of this fund is to provide stable returns by investing in assets of relatively low to moderate level of risk. The fund will invest primarily in fixed interest securities such as Government Securities, corporate bonds, etc. However, the fund may also invest in equities. Low 50-80% 0-50% 0-40% 0-15% Balanced Fund The investment objective of this fund is to provide steady returns over a long term by investing in both fixed income securities such as government securities, corporate bonds, etc. and equities to target moderate level of risk. Moderate 20-50% 20-40% 0-40% 10-40% Growth Super Fund The investment objective of this fund is to provide potentially higher returns by investing primarily in equities. However, the fund will also invest in government securities, corporate bonds and money market instruments. Hence, the risk involved will be moderate to high. The investment objective of this fund is to provide potentially higher returns by investing primarily in equities. However, the fund may also invest in government securities, corporate bonds and money market instruments. Hence, the risk involved will be relatively high. Growth Fund Moderate to high 0-30% 0-30% 0-40% 20-70% High % % Dynamic Fund Allocation: Your asset manager for free Under this option, the premiums shall be invested and assets under management shall be maintained through automatic allocation, switching and rebalancing of Funds as follows: Your investment needs to vary with your life stage. While early in life, you can take some risks in hope of super profits as you grow older and as your Policy Fund grows, the security of your investment becomes as important as the growth. Investment gurus advocate this constant change in investment mix as a necessary step to smart investing. However, the urgencies of modern lifestyle make this simple advice difficult to follow. Dynamic fund allocation gives you the chance to do just that and that too without any charge. If you opt for Dynamic fund allocation, the investment managers at Max New York Life will automatically keep rebalancing your portfolio as per your life stage. This will ensure that your hard earned money will be insulated from market volatility as your Policy nears vesting, while initially partake in the returns of equity.

4 Dynamic Fund Allocation - As you mature so does your Fund High exposure to equity 100% 80% 60% High debt exposure When you have time to accumulate money, managing equity volatility and return is easy 40% 0% As accumulation time reduces, debt replaces equity yrs yrs yrs yrs 0-10 yrs Low equity exposure Growth Super Fund Balance Fund Secure Fund With increasing age as you near retirement, security of investment becomes most important to get the planned annuity payouts. As Fund Value increases due to high equity exposure in initial years, preserving capital errosion becomes very important by increasing exposure towards debt. Years to Vesting Growth Super Fund Balanced Fund Secure Fund 0-10 years 40% 40% years 40% 40% years 60% years 80% NIL years 100% NIL NIL You can opt for Dynamic Fund Allocation only at the stage of proposal pursuant to which we shall effect automatic allocation, redirection and switch of units to Funds as per a pre-determined proportion as specified in the table to be followed. You may opt out of the Dynamic Fund Allocation only once during the premium payment period, which will then be effective on the next policy anniversary. Once opted out, you cannot opt again for the Dynamic Fund Allocation. Step 4 Pay your premiums regularly and on time. Congratulations, you are now well on your way to an enjoyable retirement. For Example: This table shows the illustrative maturity/vesting value at retirement ages 50, 60 and 70, if you regularly pay an annual target premium of Rs. 30,000 under the level premium option and assuming the rate of return of investment of 6% and 10% p.a. respectively, for investment in the Growth Super Fund.

5 Entry age (Years) Assumed rates of return on investment of funds p.a. Retirement age 50 Customer IRR Fund Value as on Vesting (in Rs.) Retirement age 60 Customer IRR Retirement age 70 Customer IRR 978, % 1,900, % 3,262, % 1,502, % 3,807, % 8,891, % 642, % 1,402, % 2,511, % 876, % 2,440, % 5,846, Please note that the above-assumed rates of 6% and 10% p.a. respectively, are only scenarios of what your policy will look like at these rates after recovering all applicable charges. These are not guaranteed and they are not the upper or lower limits of what your policy might earn, as the value of your policy is dependent on a number of factors including future investment performance. *The above maturity/vesting value is inclusive of the Guaranteed Loyalty Additions and exclusive of service tax. Entry Age (age as on last birthday) Chosen Vesting (i.e. Retirement Age) SMART Invest Pension Super: 18 to 60 years Dread Disease Rider: 20 to 50 years For Personal Accident Benefit Rider: 20 to 55 years For the SMART Invest Pension Super plan, the maturity/vesting age is between 50 to 70 years (as per the vesting age chosen) Dread Disease Rider and Personal Accident Benefit expire at age 60 For Regular Premium - 11 to 52 years (Subject to minimum age on vesting of 50 years) Deferment Period For Single Pay and 5 Pay 10 years only (Subject to minimum age on vesting of 50 years) Premium Payment Options Minimum Annual Target Premium Vesting Benefit 1. Level Premium - Regular Pay, Limited Premium Paying term (5 Pay) and Single Pay 2. Increasing premium 5% simple p.a., only with Regular Pay For Regular Premium Minimum Annual Target Premium (ATP): For terms 11 to 14: Rs. 30,000 For terms greater than or equal to 15: Rs. 15,000 For 5 Pay Premium Paying term Minimum Annual Target Premium (ATP): Rs. 50,000 for 5 Pay Premium Paying term Policy For Single Premium Minimum Premium: Rs. 100,000 On the Vesting Date, you can opt for a lump-sum amount in cash, as per the prevailing laws, from your Fund Value and the balance of the Fund Value can be used to purchase an Annuity.

6 You will be entitled to a Guaranteed Loyalty Additions, provided if the life assured is alive and all due premiums have been paid by the Policyholder. If the Policyholder opts for Policy continuance option, then Guaranteed Loyalty Additions will not be paid. Your Unit Account will be credited with the Units equal to the following as Guaranteed Loyalty Additions. Guaranteed Loyalty Additions a) On Vesting: i. In case of Single Premium Option: 15 % of Single Premium ii. In case of Limited Pay Premium Option: 60% of one ATP iii. In case of Regular Premium Option for Deferment Period: up to 14 years = 8% of first ATP multiplied by the Deferment Period from 15 to 19 years = 10% of first ATP multiplied by the Deferment Period from 20 to 24 years = 12% of first ATP multiplied by the Deferment Period for 25 years and above = 15% of first ATP multiplied by the Deferment Period b) On surrender of the Policy with Regular Premium option: If the Policy has completed 11 years, Guaranteed Loyalty Additions shall be payable for the Deferment Period completed on the date of surrender. i. from 11 to 14 years = 1.6% of first year ATP multiplied by the Year of surrender ii. from 15 to 19 years = 2% of first year ATP multiplied by Year of surrender iii. from 20 to 24 years = 2.4% of first year ATP multiplied by the Year of surrender, if Policy is surrendered before completion of 20 years and 12% of first year ATP multiplied by the Year of surrender, in case the Policy is surrendered after completion of 20 years of Deferment Period. iv. for 25 years and above = 3% of first year ATP multiplied by the Year of surrender, if Policy is surrendered before completion of 20 years and 15% of first year ATP multiplied by the Year of surrender, in case the Policy is surrendered after completion of 20 years of Deferment Period. Death Benefit In case of unfortunate event of death during the Deferment Period of the Policy, the Fund Value will be paid. Partial Withdrawal Charge: Nil Terms and Conditions: Partial Withdrawal 1. No Partial Withdrawal allowed in the first three Policy Years and thereafter, a maximum of twelve Partial Withdrawals are allowed every year. 2. The minimum amount of Partial Withdrawal allowed per transaction is Rs 5, The maximum amount of Partial Withdrawal allowed is of the Fund Value subject to the Fund Value immediately after Partial Withdrawal being at least equal to 1.5 times ATP for regular/limited premium contracts and at least equal to single premium for single premium contracts. 4. Partial withdrawals from units created out of Top-ups (except Top-up premiums paid during the last three Policy years) cannot be made during the first three years from the respective date of Top-up payment. 5. The Company may, at any time, impose a complete or partial bar on Partial Withdrawal for a time period not exceeding one month, if the Company considers that it is appropriate to do so in order to maintain the stability of a Fund or Funds or is necessary to protect the interest of Policyholders. Such situation may arise under extraordinary circumstances such as non-availability of market prices, occurrence of any catastrophe, where the declaration of unit price is not possible. Maturity / vesting benefit Maximum Annual Target Premium Riders Available Fund Value including Guaranteed Loyalty Additions (if applicable) No Limit 1. Personal Accident Benefit Rider (UIN 104C007V02) Min Sum assured: Rs 100,000 Max Sum Assured: 10 times the ATP subject to: Limit of Rs. 10 lakh for ages up to 40 Limit of Rs. 5 lakh for ages above Dread Disease Rider (UIN 104C010V02) Min Sum Assured: Rs 100,000 Max Sum Assured: 10 times the ATP subject to limit of 10 lakh

7 Note: *Annual Target Premium, (ATP) means the contractual premium (level or increasing) payable by the Policyholder in a Policy Year by regular installments in the amounts and on the due dates in the manner specified in the schedule of the Policy. 1. Guaranteed Loyalty Additions will be paid, provided all due premiums have been paid by the Policyholder. 2. If the Policyholder opts for continuance option, then GLA will not be paid. Charges under this Plan Premium Allocation Charge: Premium Allocation charge is a charge expressed as a percentage of the premiums received 1.Premium Allocation Charge on ATPs/Single Premium: Zero 2.Premium Allocation Charge in respect of Top-up premium: 2% of Top-up amount Fund Management Charge: This is a charge levied as a percentage of the value of assets and shall be appropriated, usually daily, by adjusting the Net Asset Value of the Fund. Fund Management Charge (as a %age of Net Assets): Secure Fund 0.90% Conservative Fund 0.90% Balanced Fund 1.10% Growth Fund 1.25% Growth Super Fund 1.25% Policy Administration Charge This is a charge expressed as a percentage of the ATP and levied at the beginning of each Policy month during the Policy Term by cancelling units for equivalent amount. Policy Administration Charge (% of ATP) per month: First Policy Year Bands Regular Pay Limited Pay Single Pay Rs. 15,000 29, % Rs. 30,000 49, % Rs. 50,000 99, % 1.75% Rs. 100,000 and above 0.5% Policy Administration Charge (% of ATP) per month: Second Policy Year Bands Regular Pay Limited Pay Single Pay Rs. 15,000 29,999 Rs. 30,000 49,999 Rs. 50,000 99,999 Rs. 100,000 and above 0.1% Policy Administration Charge (% of ATP) per month: Third Policy Year Bands Regular Pay Limited Pay Single Pay Rs. 15,000 29, % Rs. 30,000 49, % Rs. 50,000 99, % 1.25% Rs. 100,000 and above 1.25% 1.25% 0.1%

8 Year 4 and onwards: Rs. 75 per month inflating by 5% thereafter every year. Increasing Premium Polices: The charge in this case is applied to the increased premium and is same as above. * The figures have been rounded off to two decimal places. 4) Surrender Charge: Surrender Charge as a percentage of initial Annual Target Premium. Regular Pay Option and Limited Premium Paying term (5 Pay) / Single Premium Option: (as a % of Initial Annual Target Premium) Policy Year Regular/Limited Pay Single Pay % 30% 10% 0% 6% 5% 4% 3% 2% 0% * The Policy will not acquire any surrender value till the completion of one full Policy Year and payment of two full ATPs. If the Policy is surrendered after completion of five Policy Years, no surrender charge will be recovered. 5) Morbidity charge: If you opt for Dread Disease Rider, a Morbidity charge will be levied for providing benefit for Dread Disease covered under this Rider. On each Monthiversary, an appropriate number of Units, including a part thereof, in the Unit Account will be cancelled at their Unit Price to meet morbidity for the coverage under this Rider. Please refer to the below table for Dread Disease Benefit charges for some sample ages for a 10 year rider coverage term: Age Annual Morbidity charge (in Rs.) per 1000 Sum Assured Switching Charge: Policyholder can Switch from one Fund to another, subject to a minimum of Rs. 5,000 by cancelling units in a Fund and creating units in another Fund where the Policyholder chooses to reinvest. All Switches will be free of charges. A maximum of twelve Switches are allowed in any year. Redirection Charge: Policyholder can redirect the regular premium or Top-up premium between available Funds at any time by giving a written notice to the Company at least 7 days before the premium due date. The Policyholder will need to notify the Company of the amount / proportion of premium to be paid into each Fund at the time of Redirection. There is no charge for Premium Redirection. A maximum of twelve Premium Redirections are allowed in any year. Tax Benefits This plan entitles you to certain tax benefits on your premiums as well as on your maturity/vesting value. o U/s 80C of the Income Tax act 1961, as the case may be, on your Annual Target Premium/Top-up/Single Premium on your Policy. In case of Critical Illness, you will be entitled for Tax benefit under Section 80 D as well. o Under Section 10(10A), up to one-third of your Fund Value (corpus) is tax free. Please note : Tax benefits are subject to the prevailing Tax Laws. Unmatched Flexibility Top ups: You can invest extra money in your Policy through lump-sum Top-ups at any time during the Policy Term and any amount you want. However, Top-ups are subject to a lock-in period of 3 years except the Top-ups made in the last 3 Policy Years. We will accept the Top-up Premiums only with a written request and shall apply towards any unpaid/due Premiums first. Change Vesting date: Prior to your vesting (i.e. retirement), you will have the right to alter your Vesting date (i.e. retirement date) once

9 to not more than age 70 and not less than age 50 years, by giving us at least 6 months prior written notice, provided the proposed new Vesting Date does not create a Deferment Period less than 10 years. This right is not available in the last Policy Year. Switching: We provide you this facility to change the investment pattern by moving from one Fund to other Fund(s) amongst the Funds offered under this contract. You may need this facility under certain circumstances, for e.g. on change of your personal risk profile or change in market conditions. Switching will not be allowed if you have opted for the Dynamic Fund Allocation feature. Premium Re-direction: This is the facility that allows you to modify the allocation of renewal premiums into a different investment pattern from the option exercised at the inception of the contract, provided the amount paid into each Fund meets our minimum receipt requirements in force at that time. Redirection will not be allowed if you have opted for the Dynamic Fund Allocation feature. Surrender: In case you decide to discontinue the plan due to any reason, you may do so by giving us a prior written request to surrender this Policy at any time after completion of one Policy Year, provided an amount equal to two ATPs has been paid by you and in case of Single premium, any time after commencement of the Policy upon our receipt of your signed request for surrender of the Policy, this Policy will immediately terminate, however, the surrender value, if any, prevailing at the time of effecting the surrender shall be paid only after the completion of third Policy Anniversary or after surrender, which ever is later. Premium Payment Discontinuation Discontinuation of Premiums after paying the premiums of at least three consecutive years: If, after payment of all due premiums of first three Policy Years, any further premium is not paid to the Company within the grace period (30 days), the Policy and all applicable covers will continue till the end of the revival period (3 years) and all charges including Policy Administration Charge, Fund Management Charge, Mortality Charge (if any) and Rider Charge (if any) will continue to be levied during this period. However, at any time during the revival period, if the surrender value of the Policy is equal to one initial Annual Target Premium, then the Policy will terminate and the applicable surrender value will be paid to the Policyholder. If, before the end of the revival period, the Policyholder wants to pay premium, then all due premiums should be paid till date to revive the Policy. Alternatively, the Policyholder has the option to opt for Policy Continuance Option under which the Policy will continue with all the due benefits. Once the Policy Continuance Option is chosen by the Policyholder, the Company will not accept any further premiums or Top-ups and the Policyholder shall not be entitled for the Guaranteed Loyalty Additions. If the Policyholder fails to pay all due premiums and also fails to choose the Policy Continuance Option before the end of the revival period, then the Policy will terminate and the applicable surrender value will be paid to the Policyholder. However, at any time during the Policy lifetime, if the surrender value of the Policy is equal to one initial Annual Target Premium, then the Policy will terminate and the applicable surrender value will be paid to the Policyholder. Discontinuance of premiums within three years of inception of the Policy: Should a premium falling due before the third Policy Anniversary not be paid, then on expiry of the grace period (30 days), the Unit Account will be closed (this means that the units will be disinvested and the monetary value of such units will be held) and any life cover or rider cover will cease. The Policyholder can revive the Policy within the revival period (3 years) from the date of first unpaid premium by paying all due premiums till date. On revival, the Unit Account will be re-opened (this means once the customer revives the Policy, the monetary value of the units closed together with the amount of premium paid at the revival date less any Premium Allocation Charge and according to the ratio in which the premium should be allocated in various Funds, as specified by the Policyholder, will be used to purchase units at the Unit Price as at the date of revival) and any life cover or rider cover will recommence. An amount equal to the Policy Administration Charges falling due between the date of lapse and the date of revival will be levied at the date of revival, by cancelling units in the Unit Account at the then applicable Unit Price. In case the Policy is not revived during the revival period, the Policy will terminate and the cash surrender value as at the date of lapse, if any, shall be paid at the end of the third Policy Anniversary or at the end of the revival period, whichever is later. The Policy cannot be revived post the revival period. Grace Period and Revival of Lapsed Policy A grace period of 30 days from the due date of payment of Annual Target Premium shall be allowed for payment of unpaid Annual Target Premium. The Policy can be revived within 36 months of its date of lapse, if: i) You give us a written request to revive the Policy; and ii) You pay us all overdue Annual Target Premiums and unpaid charges.

10 iii) You have produced evidence of insurability acceptable to us as per our underwriting practices, in case if you have opted for the Critical Illness Rider. Unit Price Calculation The unit pricing shall be computed based on whether the Company is purchasing (appropriation price) or selling (expropriation price) the assets in order to meet the day to day transactions of unit allocations and unit redemptions, i.e. the Company shall be required to sell/purchase the assets if unit redemptions/allocations exceed unit allocations/redemptions at the valuation date. The Appropriation price shall apply in a situation when the Company is required to purchase the assets to allocate the units at the valuation date. This shall be the amount of money that the Company should put into the Fund in respect of each unit it allocates in order to preserve the interests of the existing Policyholders. The Expropriation price shall apply in a situation when the Company is required to sell assets to redeem the units at the valuation date. This shall be the amount of money that the Company will take out of the Fund in respect of each unit it cancels in order to preserve the interests of the continuing Policyholders. Unit price of a Fund will be determined by dividing the Net Asset Value of the Fund by the outstanding number of units on the Fund valuation date. The value of a Fund will be determined and based on the market value/fair value at which assets referenced to such Fund can be respectively purchased or sold, plus the respective cost of purchasing or minus the cost of selling the assets, plus the value of current assets, plus any accrued income net of Fund Management Charges, less the value of current liabilities, less provisions, if any. The value of Funds may increase, decrease or remain unchanged. In respect of premiums received upto 3:00 p.m., under a local cheque or a demand draft payable at par or by way of cash, the closing NAV of the day on which the premium is received shall be applicable. In respect of premiums received after 3:00 p.m., the closing NAV of the next business day shall be applicable. In respect of premiums received under outstation cheques / demand drafts, the closing NAV of the day on which the cheques / demand draft is realised shall be applicable. All requests for Switch, Redirection or Partial Withdrawal received upto 3:00 p.m., will be processed at the closing NAV of the day on which the request is received. All such requests received after 3:00 p.m., will be processed at the closing NAV of the next business day. Free Look period You have a period of 15 days from the date of receipt of the Policy to review the terms and conditions of the Policy and where the Policyholder disagrees to any of those terms or conditions, you have the option to return the Policy stating the reasons for your objections, upon which you shall be entitled to refund of an amount without interest which shall be equal to the non-allocated premium plus charges levied by cancellation of units plus Fund Value as at the date of cancellation of Policy less expenses incurred on account of stamp duty. On Vesting : Basis prevailing Income Tax Laws and for Tax benefits : Options for using Fund Value (Corpus) Up to 1/3rd of Fund Value can be withdrawn tax free as lump-sum cash You can use balance of Fund Value to purchase Annuity either from us or from any other Annuity provider of your choice. Annuity Options Annuity is based on the following factors: Your age The Annuity option chosen Applicable Annuity rates prevalent at that time It is payable to you in the following mode of your choice: Annually, Semi annual, Quarterly and Monthly We offer three Annuity options as of now: (i) Annuity for Life: A fixed amount is paid in the mode of your choice through-out life till you survive. (ii) Annuity certain for 5/10/15/20 years and for life thereafter: A fixed amount is paid annually / semi-annually / quarterly / monthly installments as per their choice, for the specified period irrespective of the Policyholder being alive or not. In case of death during the guaranteed period, your nominee gets the Annuity for the remaining part of the guaranteed period.

11 However, if the Policyholder survives post the defined period, you will get Annuity till you are alive. (iii) Annuity for Life with return of Annuity Purchase Price: A fixed amount is paid in annual / semi-annual / quarterly / monthly installments as per your choice is paid till you survive On death of the Policyholder remaining Annuity purchase price is paid to the legal representative When you choose to purchase Annuity from us, you enter into a new Policy contract. Incase of choosing an annuity option from us, you need to inform us 6 months prior to the vesting date. You may purchase annuity from us or any other Annuity provider if you choose to. A word on the risks of investment in the units of this Policy Max New York Life Insurance Co. Ltd. is only the name of the insurance company and Max New York Life SMART Invest Pension Super is only the name of the Unit Linked Pension plan and does not in any way indicate the quality of the contract, its future prospects and returns. Unit Linked Insurance Products are different from the traditional insurance products and are subject to investment risk. The premium paid in Unit Linked Insurance Policies are subject to investment risks associated with the capital markets and NAVs of the Units may go up or down based on the performance of Fund and factors influencing the capital market and the insured is responsible for his/her decisions The various Funds offered under this contract are the names of the Funds and do not in any manner indicate the quality of these plans, their future prospects and returns. The past performance of any Fund of the Company is not necessarily indicative of the future performance of any of the Funds. The Funds do not offer a guarantee of assured return. All premiums/benefits/charges payable under the Policy are subject to applicable laws and taxes including service tax and any cess, as they exist from time to time. By definition, this is a non-participating Policy. No loan is available under this Policy. Please understand the product features and risk factors and discuss with your insurance agent and intermediary, read the product brochures and illustrations carefully before concluding the contract with the Company. Insurance is the subject matter of the solicitation: Section 41 of Insurance Act, 1938: No person shall allow or offer to allow, either directly or indirectly, as an inducement to any person to take or renew or continue an insurance in respect of any kind of risk relating to lives or property, in India, any rebate of whole or part of the commission payable or any rebate of the premium shown on the Policy, nor shall any person taking out or renewing or continuing a Policy accept any rebate, except such rebate as may be allowed in accordance with the published prospectuses or tables of insurer. Section 45 of Insurance Act, 1938: No Policy of Life Insurance effected shall after the expiry of two years from the date on which it was effected, be called in question by an insurer on the ground that a statement made in the proposal for insurance or in any report of a medical officer or referee or friend of the insured or in any other document leading to the issue of the Policy, was inaccurate or false, unless the insurer shows that such statement was on a material matter or suppressed facts which it was material to disclose and that it was fraudulently made by the Policyholder and that the Policyholder knew at the time of making it that the statement was false or that it suppressed facts which it was material to disclose. Provided that nothing in this section shall prevent the insurer from calling for proof of age at any time if he is entitled to do so and no Policy shall be deemed to be called in question merely because the terms of the Policy are adjusted on subsequent proof that the age of the Life Insured was incorrectly stated in the proposal. About Max New York Life Max New York Life Insurance Company Ltd. is a joint venture between New York Life, a Fortune 100 company and Max India Limited, one of India's leading multi-business corporations. Insurance solutions from Max New York Life bring proven expertise to the Indian Life Insurance arena. Our Agent Advisors have been professionally trained to understand and evaluate your unique financial requirements and recommend a Policy which best meets your needs. With experienced agents, supported by a team of specialists, we are fully resourced to help you achieve your life s financial objectives.

12 Max New York Life Insurance Company Limited is a joint venture of Max India Limited & New York Life International LLC. Unit Linked Life Insurance products are different from the traditional insurance products and are subject to the risk factors. The premium paid in Unit Linked Life Insurance policies are subject to investment risks associated with capital markets and the NAVs of the units may go up or down based on the performance of fund and factors influencing the capital market and the insured is responsible for his/her decisions. Max New York Life Insurance Company Limited is only the name of the Insurance Company and Smart Investment Pension Super is only the name of the unit linked life insurance contract and does not in any way indicate the quality of the contract, its future prospects or returns. Please know the associated risks and the applicable charges from your insurance agent or the intermediary or policy document of the insurer. The various funds offered under this contract are the names of the funds and do not in any way indicate the quality of these plans, their future prospects and returns. Insurance is a subject matter of solicitation. Max New York Life Insurance Co. Ltd., 11th Floor, DLF Square Building, Jacaranda Marg, DLF City Phase II, Gurgaon (Haryana) For more details on risk factors, terms and conditions, please read sales brochure carefully before concluding a sale. Max New York Life Insurance Company Limited has been selected as a Superbrand for the years by Superbrands India Private Limited. MNYL/Brochure/Euro/SIPS/01.