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Max Life Term Insurance Claim Settlement

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 Life Insurance Premium Calculator

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Choose required coverage to secure your family’s future

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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
See More Plans

Claim Settlement of Max Life Term Insurance

Max Life Insurance is one of the leading private insurers in India. The company has one of the best claim settlement ratios among private insurance companies. They featured a claim settlement ratio of 99.35% in FY 2020-21. Max Life Insurance provides 24x7 customer care services and takes accountability for their plans and provides seamless and hassle-free claim settlement.

  • How To Make Claim

    How To Make Max Life Term Insurance Claim - Online?

    Max Life Term Insurance Claim Settlement can be processed online in just 3 steps:

    Step 1: Claim Registration and Document Submission

    You have to fill in all the details to provide complete information about the claim and upload the required documents. On the successful submission of claim information, the claim request number will be provided.

    Step 2: Claim Evaluation

    After this, your claim will be evaluated and investigated based on the information you provided.

    Step 3: Claim Decision and Settlement

    At the final stage, your claim would be approved and settled. Payment is made to the beneficiary bank account or through cheques. If the Max Life Term Insurance team rejects the claim then communication will be provided citing the reasons for rejection.

    How To Make Max Life Term Insurance Claim - Offline?

    Max Life Term insurance claims can be intimidated by providing written information to Max Life Insurance through an agent, or by visiting the nearest Max Life Branch Office or by emailing at claims.support@maxlifeinsurance.com or you can call at their customer care number 1860-120-5577.

  • Documents Required

    Documents Required To Make Max Life Term Insurance Claim

    The following documents are required at the time of settling a Max Life term insurance claim:

    Documents Required For Max Life Term Insurance Death Claim:

    • Original Policy Document
    • Death Certificate
    • Death Claim Application Form
    • Discharge summary attested by hospital authorities
    • NEFT mandate form attested by bank authorities
    • Nominee’s photo identity proof (PAN Card, Passport, Aadhar Card, etc)

    Documents Required For Max Life Term Insurance Natural Death Claim:

    • Medical Records like Test Reports, Death/Discharge Summary, Admission Notes, etc.
    • Attending Doctor Statement (Form C)

    Documents Required For Max Life Term Insurance Accidental or Unnatural Death Claim:

    • Copy Of FIR First Information Report
    • Copy of Autopsy/Post Mortem Report (PMR) and Viscera Report
    • Copy of Charge Sheet /Final Police Investigation Report(FPIR)

User Reviews

4.6
Rating based on
161 User reviews
Write your review
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.

    Read More

    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. 

    Read More

    P
    Max
    By Priyanka Kumari
    On: Nov 22, 2023
View All Max Life Term Insurance Reviews
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  • Tax benefit upto 1,50,000*
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  • 66 Lacs+ happy customers

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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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