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Term Insurance News
Term insurance is a popular choice among policyholders. It i...20 September 2021
A term insurance plan, an essential insurance product given ...10 September 2021
Claim Process at Max Life Term Insurance
Claim IntimationIn the case of death of the life assured, a claim intimation to the insurance company must be made as early as possible.
Submission of DocumentsClaim form, death certificate, original policy document, and more documents must be submitted to ensure smooth claim settlement.
Claim EvaluationOnce the documents are submitted, the insurance company will conduct thorough evaluation of the claim filed.
Claim SettlementIf claim request is approved, claim settlement is done within 30 days. If additional investigation is required, it make take 6 months.
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.