Max Life Term Insurance Benefits
Claim Settlement Ratio | 99.65% |
Death Benefit Paid For | 15,342 Policies |
Inception | 2000 |
Presence | 269 Offices |
Total Death Benefit Paid | 562.54 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.
Term Life Insurance Premium Calculator
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Choose required coverage to secure your family’s future
Best Max Life Term Insurance Plans
- LIFE COVERTax Free₹1 Cr
- CLAIMS SETTLED ₹99.7%
- Revised Zero Cost Benefit
- Terminal Illness
- Cover Continuance Benefit
- Insta-Payment on Claim Intimation
- Nominee's Choice payout
- LIFE COVERTax Free₹1 Cr
- CLAIMS SETTLED ₹99.2%
- Waiver of Premium on Disability
- Terminal Illness
- Life Stage Benefit
- Special Exit Benefit
- LIFE COVERTax Free₹1 Cr
- CLAIMS SETTLED ₹99.4%
- Terminal illness
- Special Exit - Option to get your premiums back
- Renewability Option
Why to Buy Term Insurance Policy Online from InsuranceDekho
- Tax benefit upto 1,50,000*
- Claim support everyday 10AM-7PM
- 80 Lacs+ happy customers
Max Life Term Insurance Contact Details
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FAQs
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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.
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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).
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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.
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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.