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Max Life Term Insurance Benefits

161 reviews Rate This
Max Life Term Insurance
Highlights
Claim Settlement Ratio99.35%
Death Benefit Paid For15,342 Policies
Inception2000
Presence269 Offices
Total Death Benefit Paid562.54 Crore

Term plans offered by Max Life Insurance can be considered as the bedrock of financial planning. These plans keep the insured's family financially secured in case of misfortune event of his/her demise. One of the core benefits of Max Life term plans is that they offer high coverage to the policyholder at an affordable premium. You can also club these term insurance plans with various riders provided by the insurer, to enjoy additional coverage by paying an additional premium at the time of policy purchase.

Max Life Term Insurance Benefits

Max Life Term Insurance policies provide multiple benefits to its valued customers. Some reasons to purchase it are mentioned below:

  • Higher Coverage at Lower Premium: Max Life Term Insurance plans offer significant life cover at affordable rates. The earlier you buy the Max Life Term Insurance plan, the lower premium you will have to pay.
  • High Maturity Age: Under Max Life Term Insurance plans, you can choose long term policy cover till the age of 85 years.
  • Riders For Additional Benefits: Max Life Term Insurance plans come with riders you can add to get Additional Benefits in your Max Life Term Insurance Plan. For example, the Max Life Term Insurance Waiver of Premium Plus Rider offers the benefit of waiver of all future premiums based on conditions mentioned in the term insurance policy.
  • Multiple Premium Payment Options: Under the Max Life Term Insurance plan you get flexible premium payout options (Regular Pay/Limited Pay Options)
  • Tax Benefits: Max Life Term Insurance Plan offers Tax Benefits under Section 80C under The Income Tax Act.
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Term Life Insurance Premium Calculator

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Choose required coverage to secure your family’s future

50L
1Cr
1.5Cr
2Cr
Disclaimer :
1. Premium has been calculated for coverage till 60 years
2. Eligibility depends on income, occupation and educational qualification

Best Max Life Term Insurance Plans

1 Crore
1.5 Crore
2 Crore
2.5 Crore
  • LIFE COVER
    Tax Free
     ₹1 Cr
  • CLAIMS SETTLED ₹99.51%
Starting From ₹ 682/Month
Claim Settlement
Key Features:
  • Right Green Tick Zero Cost Benefit
  • Right Green Tick Terminal Illness
  • Right Green Tick Nominee's Choice payout
  • Right Green Tick Voluntary Top Up
  • LIFE COVER
    Tax Free
     ₹1 Cr
  • CLAIMS SETTLED ₹95.28%
Starting From ₹ 812/Month
Claim Settlement 24hr Claim Settlement
Key Features:
  • Right Green Tick Waiver of Premium on Disability
  • Right Green Tick Terminal Illness
  • Right Green Tick Life Stage Benefit
  • Right Green Tick Special Exit Benefit
  • LIFE COVER
    Tax Free
     ₹1 Cr
  • CLAIMS SETTLED ₹99.39%
Starting From ₹ 771/Month
Claim Settlement 24hr Claim Settlement
Key Features:
  • Right Green Tick Terminal illness
  • Right Green Tick Special Exit - Option to get your premiums back
  • Right Green Tick Renewability Option
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User Reviews

4.6
Rating based on
161 User reviews
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What users are saying
  • All
  • Policy Renewal was Easy

    I have renewed my Max Life Term Insurance policy this year with InsuranceDekho and the process was quick. Their customer login and dashboard is simple and easy to use. Good website

    Read More

    C
    Max
    By Christina Murmu
    On: Feb 29, 2024
  • Nice Company

    I am thankful to InsuranceDekho. Thank you for suggesting Max's life-term insurance. I claimed my insurance policy, for which the claim settlement was very quick. The customer team updated me continuously about the status of my Max life term insurance policy and made sure that my claim was settled smoothly and quickly. Lovely experience!

    Read More

    S
    Max
    By Sanchit Raghav
    On: Jan 25, 2024
  • Renew Insurance Easily

    Thank you InsuranceDekho, for helping me renew my Max Term Life Insurance plan easily. The Customer Care team is amazing. I acknowledge their professionalism and I recommend to everyone that they should consider the InsuranceDekho platform to buy, renew, or claim a term Life insurance policy.

    Read More

    V
    Max
    By Varun Yadav
    On: Jan 08, 2024
  • Effortless Process

    The InsuranceDekho Team was very helpful while I was buying the Max life term insurance. The InsuranceDekho coordinator was very attentive and ready to answer all my queries and even helped me buy the right Max term insurance plan.

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    S
    Max
    By Sahil Kumar
    On: Dec 04, 2023
  • My doubts were settled in time

    All my queries related to the Max Life Term Insurance Policy were settled on time. My queries were answered on time and I even received friendly suggestions on the InsuranceDekho website. 

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    P
    Max
    By Priyanka Kumari
    On: Nov 22, 2023
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Max Life Term Insurance Contact Details

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Claim Process at Max Life Term Insurance

  • 1

    Claim Intimation

    In the case of death of the life assured, a claim intimation to the insurance company must be made as early as possible.
  • 2

    Submission of Documents

    Claim form, death certificate, original policy document, and more documents must be submitted to ensure smooth claim settlement.
  • 3

    Claim Evaluation

    Once the documents are submitted, the insurance company will conduct thorough evaluation of the claim filed.
  • 4

    Claim Settlement

    If claim request is approved, claim settlement is done within 30 days. If additional investigation is required, it make take 6 months.

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FAQs

  • Why should I choose a Max Life Term Insurance Plan?

    Max Life Insurance is a reliable life insurance provider that offers several features and benefits in its term insurance plans. Apart from this, the company handles the claims well. Also, the insurance company offers high long-term coverage to policyholders which is available till the age of 85 years.

  • How much Max Life Term Life cover do you need?

    As a basic rule, one should buy term life cover up to 10-12 times of their annual income.

  • What is the grace period of the Max Life Term Insurance Plans?

    A grace period of 30 days from the premium due is allowed according to the guidelines by the Insurance Regulatory Authority of India (IRDAI).

  • Can I change the duration of my Max Life Term Insurance plan after the policy is issued to me?

    No. The duration of Max Life Term Insurance cannot be changed once the policy is issued.

  • Are Non-Resident Indians (NRIs) allowed to purchase Max Life Term Insurance Policy?

    Yes, Non-Resident Indians (NRIs) can purchase Max Life Term Insurance if they are Indian citizens, have at any time held an Indian passport, or a person who is legally wedded spouse of an Indian citizen.

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