Secure your family’s future with our simple and affordable term plans with flexible payout options.
Get financial immunity against cancer for yourself and your family.
Online Term Plan Plus
An affordable #BackupPlan so that their life never stops
Rs 1Cr. Life Cover @just Rs. 576/month*
A Non-Participating, Non-Linked, Regular Pay, Term Insurance Plan (UIN- 104N092V01) *Standard premium for 28 yr old male, non smoker, policy term of 30 yrs.
Entire sum assured paid as lumpsum in the unfortunate event of death
Didn’t like it? Return your policy within 30 days
Under Section 80C, 80D, 80DD, 10(10D) as per prevailing tax laws
Additional protection at affordable prices
We reward healthier lifestyle choices
Mr. Rajeev, aged 35 years, purchased this plan to protect his wife, Rita, and daughter, Riya for a life cover of ₹ 1 crore. Unfortunately Mr. Rajeev passes away at the age of 38 years.
Rita contacts Max Life and a dedicated Claims relationship officer is assigned to her to assist in the claims process.
The payout is quick, and without any hassles. Rita receives a lumpsum of ₹ 1 crore within 10 working days, which is tax exempt as well.
Get additional protection for accident leading to dismemberment or death (For further details, please refer to the Max Life Comprehensive Accidental Death Benefit, UIN -104B025V01, brochure)
1 in every 3 online term plan plus customers opted for CAB rider (Apr'16 - Aug'16) (Src: Company Data)
Get waiver of all future premiums in case of critical illness/dismemberment/death* (For further details, please refer to the Max Life Waiver of Premium Plus, UIN: 104B029V01, brochure)
*Death waiver applicable only when life insured and policy holder are different
About half of the online term plan plus customers added WOP rider (Apr'16 - Aug'16)(Src: Company Data)
Provide written intimation within 30 days through agent advisor, or any Max Life insurance office or via email.
Submit all completed forms such as death claim application, attending physician’s statement, employer certificate, and NEFT mandate form.
Attach other relevant documents such as original policy, photo identity, among others.
State all facts truthfully while purchasing the plan. Disclose all medical details, existing life insurance policies, etc.
Pay all policy premiums on time
Share policy details with family members, to avoid hassles while raising a claim
100% sum assured along with a fixed monthly income for 10 years
One-time payout along with increasing* monthly income for the next 10 years
*@ 10% per year (Simple Interest)