Life Cover Plus Increasing Monthly Income

Term Insurance plan with lumpum payout + Monthly Income that increases by 10% every year

Why should you buy this plan ?

100% sum assured + growing monthly income

Total Payout is 169% of lumpsum where Monthly Income is 0.4% of lumpsum increasing by 10% (Simple Interest), payable over 10 years

30-day free look period

Didn’t like it? Cancel your policy within 30 days

Tax Benefits and Exemptions

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


Cost-effective riders

Additional protection at affordable prices

Lower premium for non-smokers

We reward healthier lifestyle choices

Finer details

How does this term plan work?

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)


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: 104B029V01)

*Death waiver applicable only when life insured and policy holder are different

How does my family make a claim?

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


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.

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