Max Life Term Insurance Plan with 10 powerful benefits

10 reasons why you should consider this term insurance plan

Now leave nothing to chance with Max Life Online Term Plan Plus

3D Benefit - Cover Death, Disability & Disease

Get comprehensive coverage

Affordable Premiums

Get cover of Rs. 1 crore at Rs. 563/month** only

Increase Cover At Important Milestones

Increase your life cover when you get married, have a child or take a home loan^

40 critical illnesses covered

Accelerated Lumpsum benefit paid on diagnosis of any one of the 40 critical illnesses*

97.59% Claims Paid Percentage

Source: Max Life Public Disclosures FY16-17

Pay Premium Till Age 60. Get Cover Upto Age 75

Pay term insurance premiums only during your working years. Save upto 17%***

Get Additional Protection From Accident*

With Max Life Comprehensive Accident Benefit rider (CAB)

Tax benefits

Under Section 80C, 80D, 80DD, 10(10D) as per prevailing tax laws

Get Waiver Of Premium

All future premiums waived in case of critical illness/disability*

Coverage till age 75

Cover against death till age 75 years

Finer details

*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

 

Maximize your protection

Get additional and cost-effective protection against life's uncertainties

Max Life Comprehensive Accidental Death Benefit Rider(CAB)

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)

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Max Life Waiver of Premium Plus Rider(WOP)

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

How does this term plan work?

How does my family make a claim?

In the unfortunate event of your death, your nominee will need to:

1

Provide written intimation within 30 days through agent advisor, or any Max Life insurance office or via email. 

2

Submit all completed forms such as death claim application, attending physician’s statement, employer certificate, and NEFT mandate form.

3

Attach other relevant documents such as original policy, photo identity, among others.

You must remember this…

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

Basic Life Cover + Monthly Income

100% sum assured along with a fixed monthly income for 10 years

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Basic Life Cover + Increasing Monthly Income

One-time payout along with increasing* monthly income for the next 10 years

*@ 10% per year (Simple Interest)