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Max Life Term Insurance Benefits

152 reviews Rate This
Claim Settlement Ratio99.35%
Death Benefit Paid For15,342 Policies
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

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
2 Crore
    Tax Free
    1 Cr
Starting From 707/Month
24hr Claim Settlement
Key Features:
  • Zero Cost Benefit
  • Terminal Illness
  • Nominee's Choice payout
  • Voluntary Top Up
  • Tax Benefits
    Tax Free
    1 Cr
Starting From 857/Month
24hr Claim Settlement
Key Features:
  • Waiver of Premium on Disability
  • Terminal Illness
  • Life Stage Benefit
  • Tax Benefits
    Tax Free
    1 Cr
Starting From 771/Month
24hr Claim Settlement
Key Features:
  • Tax Benefits
  • Terminal illness
See More Plans

Benefits of Max Life Term Insurance

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.

Max Term Insurance User Reviews

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What users are saying
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  • InsuranceDekho offers prompt service. I didn't have to wait long for my Max Life Term Insurance Policy to be i...

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    By Punita Lal
    On: Oct 31, 2023
  • I purchased my Max Life Term Insurance Policy from InsuranceDekho, and the process was so easy and convenient....

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    By Bilal Khan
    On: Oct 30, 2023
  • InsuranceDekho offers a diverse range of term insurance plans. Whether you're seeking straightforward term cov...

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    By Vinay Reddy
    On: Oct 26, 2023
  • Finding term insurance that's both affordable and reliable was difficult, but InsuranceDekho has managed to ac...

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    By Gulsheen Kaur
    On: Oct 19, 2023
  • InsuranceDekho empowers you to make informed decisions. Their detailed information and user-friendly tools mak...

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    By Simmi Kapoor
    On: Oct 18, 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.

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