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Max Life Term Insurance Claim Settlement

152 reviews Rate This
Claim Settlement Ratio99.35%
Death Benefit Paid For15,342 Policies
Presence269 Offices
Total Death Benefit Paid562.54 Crore

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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
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Claim Settlement of Max Life Term Insurance

Max Life Insurance is one of the leading private insurers in India. The company has one of the best claim settlement ratios among private insurance companies. They featured a claim settlement ratio of 99.35% in FY 2020-21. Max Life Insurance provides 24x7 customer care services and takes accountability for their plans and provides seamless and hassle-free claim settlement.

  • How To Make Claim

    How To Make Max Life Term Insurance Claim - Online?

    Max Life Term Insurance Claim Settlement can be processed online in just 3 steps:

    Step 1: Claim Registration and Document Submission

    You have to fill in all the details to provide complete information about the claim and upload the required documents. On the successful submission of claim information, the claim request number will be provided.

    Step 2: Claim Evaluation

    After this, your claim will be evaluated and investigated based on the information you provided.

    Step 3: Claim Decision and Settlement

    At the final stage, your claim would be approved and settled. Payment is made to the beneficiary bank account or through cheques. If the Max Life Term Insurance team rejects the claim then communication will be provided citing the reasons for rejection.

    How To Make Max Life Term Insurance Claim - Offline?

    Max Life Term insurance claims can be intimidated by providing written information to Max Life Insurance through an agent, or by visiting the nearest Max Life Branch Office or by emailing at or you can call at their customer care number 1860-120-5577.

  • Documents Required

    Documents Required To Make Max Life Term Insurance Claim

    The following documents are required at the time of settling a Max Life term insurance claim:

    Documents Required For Max Life Term Insurance Death Claim:

    • Original Policy Document
    • Death Certificate
    • Death Claim Application Form
    • Discharge summary attested by hospital authorities
    • NEFT mandate form attested by bank authorities
    • Nominee’s photo identity proof (PAN Card, Passport, Aadhar Card, etc)

    Documents Required For Max Life Term Insurance Natural Death Claim:

    • Medical Records like Test Reports, Death/Discharge Summary, Admission Notes, etc.
    • Attending Doctor Statement (Form C)

    Documents Required For Max Life Term Insurance Accidental or Unnatural Death Claim:

    • Copy Of FIR First Information Report
    • Copy of Autopsy/Post Mortem Report (PMR) and Viscera Report
    • Copy of Charge Sheet /Final Police Investigation Report(FPIR)

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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