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Max Life Insurance Premium Calculator

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Highlights
Claim Complaints Ratio99.51%
Claim Settlement Ratio99.35%
Death Benefit Paid For15,342 Policies
Presence269 Offices
Total Death Benefit Paid562.54 Crore

Term Life Insurance Premium Calculator

Gender

  • Male
  • Female

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Choose required coverage to secure your family’s future

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

Max Life Insurance Mediclaim Policy Premium Calculator

A premium calculator is an online tool available on InsuranceDekho through which you can calculate the premium of your insurance plan before actually buying the policy. With the help of a premium calculator, you can get personalized results by selecting the type of life insurance policy, cover-up and life cover. The tool helps you to get an estimate of the sum assured according to your requirements from the policy and according to your budget. In short, a premium calculator is designed specifically to calculate monthly amounts of premiums to be paid.

How To Use Max Life Insurance Calculator?

InsuranceDekho provides the facility to access the premium calculator. You can calculate the life insurance premium through the following simple steps:

Step 1: Click on the ‘Premium Calculator’ on the ‘Life Insurance’ page at InsuranceDekho.

Step 2: Enter your personal details such as age, gender, cover-up and life cover. Also, select the type of insurance plan you require.

Step 3: After filling in the necessary details the total premium is calculated instantly and the calculated premium can vary when you change the variable like Age, Gender, Cover-up and Life Cover.

Benefits of Max Life Insurance Premium Calculator

The benefits of using the InsuranceDekho Life insurance premium calculator are as follows:

  • Instant Calculation: Life insurance premium calculators help you to calculate your premium according to your budget and requirements in the policy. By entering your age, gender, cover-up and life cover, you can instantly calculate the premium. The calculator is specifically designed for the instant calculation of the premium amount according to your budget.
  • Accurate Premium: The premium calculator helps in calculating premium accurately for the policy that you should be paying for a life insurance policy. This helps you calculate premium as per your budget.
  • Better Decision Making: The premium calculator not only helps you calculate the payable premium amount but also helps you make better decisions in terms of deciding on which add-on you can choose and you get to select the time period that best suits you according to your income and budget.
  • Saves Money: You can opt for the highest possible life cover amount that suits your budget and you can also opt for Additional Benefits at the best possible rate of premium offered by Max Life Insurance.
  • Hassle-Free: InsuranceDekho Life insurance premium calculators are very simple and easy to use, and can be accessed by anybody. The customer can calculate premium by simply entering their personal details and the calculation of premium is made instantly.

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Claim Process at Max Life Insurance

  • 1

    Claim Intimation

    In the event of the death of the life assured, the insurance company should be intimated as early as possible.
  • 2

    Submission of Documents

    For easy claim settlement, claim form, original policy document, death certificate and others documents should be submitted on time.
  • 3

    Claim Evaluation

    After successful submission of documents, the insurance company will thoroughly evaluate the claim filed.
  • 4

    Claim Settlement

    If claim request is approved, claim is settled within 30 days. In case of additional investigation, claim process may take 120 days.

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Max Life Insurance Premium Calculator FAQs

  • What is ‘Premium’?

    Premium is an amount that the policyholder pays to the insurance company to cover his risk.

  • What is the age limit to purchase Max Life Insurance policies?

    Anybody between the age group of 18-65 can purchase Max Life Insurance policies in India as per the terms and conditions mentioned by the insurance company.

  • What is the grace period offered by Max Life Insurance plans?

    Max offers a grace period of thirty 30 days from the premium due date yearly and 15 days in case of Monthly mode for payment of each premium. The policy will not lapse during the grace period and will lapse thereafter if no premium is paid.

  • What are the factors which will affect my Max Life Life Insurance Plan premium?

    Factors that affect the premium calculation for Max Life Life Insurance Plan are age, gender, medical history, geographic location, BMI Index and lifestyle of a person who is purchasing the insurance plan. 

  • Can I customize my Max Life Insurance Plan?

    While calculating the premium you can customize your plan by choosing the add-ons from the options provided and you can select your total coverage amount.

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