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
Get financial protection for your family, at all times
Rs. 1Cr. Life Cover @just Rs. 563/month*
A Non-Participating, Non-Linked, Term Insurance Plan (UIN - 104N092V02).*Standard Premium for 28-Year Old, Non-Smoker, 30 Years Policy Term
Get comprehensive coverage
Get cover of Rs. 1 crore at Rs. 563/month** only
Increase your life cover when you get married, have a child or take a home loan^
Accelerated Lumpsum benefit paid on diagnosis of any one of the 40 critical illnesses*
Source: Max Life Public Disclosures FY16-17
Pay term insurance premiums only during your working years. Save upto 17%***
With Max Life Comprehensive Accident Benefit rider (CAB)
Under Section 80C, 80D, 80DD, 10(10D) as per prevailing tax laws
All future premiums waived in case of critical illness/disability*
Cover against death till age 75 years
Life insurance helps you save taxes
*On Payment of additional premium
**Standard Premium for 28-Year Old male, Non-Smoker, 30 Years Policy Term
***For Male, 35-Year Old, Non-Smoker, Rs.1 Cr. Sum Assured (35 Years Regular Pay Policy Term vs Pay till 60 with 25 year Policy Term)
^Optional feature to be chosen at time of purchase. Additional premium payable for increased cover
Get additional protection for accident leading to dismemberment or death (For further details, please refer to the Max Life Comprehensive Accidental Death Benefit brochure, UIN -104B025V02)
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 brochure, UIN: 104B029V02)
*Death waiver applicable only when life insured and policy holder are different
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.
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)