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Max Life Term Insurance Plans

161 reviews Rate This
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

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
  • LIFE COVER
    Tax Free
    1 Cr
  • CLAIMS SETTLED 99.51%
Starting From 707/Month
Key Features:
  • Zero Cost Benefit
  • Terminal Illness
  • Nominee's Choice payout
  • Voluntary Top Up
  • LIFE COVER
    Tax Free
    1 Cr
  • CLAIMS SETTLED 98.14%
Starting From 812/Month
24hr Claim Settlement
Key Features:
  • Waiver of Premium on Disability
  • Terminal Illness
  • Life Stage Benefit
  • Special Exit Benefit
  • LIFE COVER
    Tax Free
    1 Cr
  • CLAIMS SETTLED 99.4%
Starting From 771/Month
24hr Claim Settlement
Key Features:
  • Terminal illness
  • Special Exit - Option to get your premiums back
  • Renewability Option
See More Plans

Max Life Term Insurance Plans is designed to provide financial stability to the family of policyholders in a situation where the insured person dies during the policy period. In such circumstances, the nominee declared by the policyholder receives the death benefit amount which is pre-defined under the term policy. The term insurance plan reduces the fear and prepares you for the uncertainties of life. It can be purchased by anyone from young individuals to parents. The max life term insurance plans provide significant life cover at the amount of premium that you can easily afford.

Max Life Term Insurance Plans

Max Life Insurance offers 5 term insurance plans which are as follows:

1. Max Life Smart Term Plan - The Smart Term Plan allows policyholders to create their own term insurance policy by choosing options of their choice from different death benefit variants, various premium payment terms, choice of selecting desired policy term, optional accelerated critical illness benefit, and premium back option by paying an additional premium. In addition to this, this policy also provides comprehensive protection against demise, accidental death, disability as well as a critical illness by including the optional waiver of premium plus rider and accident cover option.

2. Max Life Super Term Insurance Plan - This term insurance policy puts your family on priority by offering comprehensive term insurance at an economical price to look after your loved ones in a situation when you are not around. It has a unique feature where your sum assured amount will increase by 5% yearly till the end of policy term. It is a feature which is introduced to help you cope with soaring inflation. The policyholders will be allowed to choose a policy term from 10 years to 35 years.

3. Max Life Premium Return Protection Plan - When it comes to term insurance plans, they ensure the financial soundness of your family in your absence, but this plan extends its benefits by returning all the premium amount paid by the policyholders at the end of the term if they survive. This term insurance policy provides the base sum assured amount as death benefit and half of that amount as an inbuilt accident death benefit. The best part of this policy is that it allows you to choose the term period for 20, 25, or 30 years by paying premiums for just 11 years.

4. Max Life Smart Secure Plus Plan - The Smart Secure Plus Plan allows you to personalise the coverage protection at a reasonable price by providing 2 death benefit covers to choose from at the time of term insurance plan purchase. This policy also empowers the beneficiary or nominee to select the mode of the payout which comprises lump sum payment, monthly income payment, and partly in a lump sum and partly as monthly income. The smart secure plus cover gives you coverage for terminal Illness as well and returns your complete premium amount on your survival till maturity.

5. Max Life Online Term Plan Plus - The Online Term Plan Plus gives you a choice of 3 death benefit options to help you customize your plan as your budget. It also allows you to pay a premium till the age of 60 years or for 10 years to enjoy its benefit till the term of coverage. With optional critical illness benefit, you can opt for an option to get coverage for 40 specified critical illnesses. Also, you can also choose to expand your cover at significant phases of life with life stage event benefit cover by paying an additional premium amount.

Max Term Insurance User Reviews

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What users are saying
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  • I have renewed my Max Life Term Insurance policy this year with InsuranceDekho and the process was quick. Thei...

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    C
    Max
    By Christina Murmu
    On: Feb 29, 2024
  • I am thankful to InsuranceDekho. Thank you for suggesting Max's life-term insurance. I claimed my insurance po...

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    S
    Max
    By Sanchit Raghav
    On: Jan 25, 2024
  • Thank you InsuranceDekho, for helping me renew my Max Term Life Insurance plan easily. The Customer Care team ...

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    V
    Max
    By Varun Yadav
    On: Jan 08, 2024
  • The InsuranceDekho Team was very helpful while I was buying the Max life term insurance. The InsuranceDekho co...

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    S
    Max
    By Sahil Kumar
    On: Dec 04, 2023
  • All my queries related to the Max Life Term Insurance Policy were settled on time. My queries were answered on...

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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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FAQ About Max Life Term Insurance

  • 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.

Find the right Max Life Term Insurance for you