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Term Insurance Plan

What is Term Insurance?

A Term Plan is the most comprehensive form of financial protection. It will help your family meet their financial needs from household expenses to rentals in your absence. When you consider buying a term plan, you have to make an educated choice about the life cover you select. There are some important things you need to keep in mind when deciding the term plan and life cover you opt for. The cover should help your family maintain their lifestyle, inflation should be kept in account and lastly, it should take care of your existing liabilities preventing the worries of EMI repayments. Read more

Why You Need Term Insurance?

Term Insurance is the most basic form of life cover. Going by the simplest definition, it is a fixed-term contract between you and the insurance company, under which you pay regular premiums and the company agrees to pay your nominee a lump sum in case you are no longer there.

Getting a Term Insurance is an important step in your financial planning because in case of your demise, during the policy term, it will financially safeguard your family and help them maintain their lifestyle & take care of liabilities in the form of loans etc.

Term Plans can be extended to include disability & death due to accidents by opting for riders. A few term plan variants also come with the option of monthly income along with the lump sum payout, further helping your family with day-to-day expenses Read More

What are the Tax Benefits of Term Insurance?

Term Plan is a simple protection plan with life cover and no maturity benefits. It is an affordable form on insurance providing a large cover at a relatively smaller premium. A non-smoker male, 28 years of age, can get a term plan for a premium as low as Rs.576/month, for a 30 year policy term.

While availing tax benefits should not be the primary reason to purchase a term life insurance, it is undoubtedly an efficient tax saving instrument. The premiums paid as well as the death benefits are exempt under tax regulations in India. Read More

Max Life Online Term Plan Plus

A Unique Term Insurance Plan with three death benefit options

 
 
 

Quick Buy

  • Choose Cover Option

    Tips

    We advise you to choose an option as per your need. Do go through the basic features of all the three options before making a final decision.

  • Gender

    Tips

    Your gender is an important factor in deciding the life insurance premium as it is directly related to life expectancy

  • Date of Birth

    Tips

    You must be between 18 - 60 years of age to be eligible for this policy. Please enter your correct date of birth in order to get an accurate premium amount.

  • Tobacco Consumption

    Tips

    Choose yes if, in the last three years, you have consumed any Tobacco/Nicotine products which include Cigarette, Beedi, Cigar, Gutka, Flavoured Pan Masala, Khaini, etc. If not then you are classified as a non smoker.

  • Life Cover Tips
    Amount Tips

    DurationTips

    yrs
 

Need help to calculate cover amount you need?

Adequacy of your insurance cover is of utmost importance. Get an estimate of the protection cover you actually need.

Things you didn't know about term insurance

Top 3 Term Insurance Myths Busted

Is buying term insurance online complicated? With no maturity benefits is there reason for you to invest in term insurance? Answer these questions and more.

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What are the tax benefits of term insurance?

Term insurance plans provide benefits under Section 80C & 10 (10D). Know more about how much tax you can save with term insurance.

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Five Steps to Choose the Best Online Term Plan

You can follow this simple step-wise process to buy term insurance that best suits your needs.

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Know More About Term Insurance

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At Max Life Insurance, we understand that people have differentiated needs even when it comes to protecting and securing the future of their loved ones financially. Therefore, offering only a lump sum as sum assured on the unfortunate demise of the bread winner of the family can never be the definitive answer to securing their family’s future. That is why we have designed a one-of-its-kind term plan that gives three distinct death benefit options to choose from.

Max Life Online Term Plan Plus is designed to take care of the worries that you might have when it comes to your family’s protection when you are not around. Be it about finding a protection solution for them at an affordable price. Or about giving them an extra cushion to take care of their everyday needs. Or about making sure that your loved ones’ needs and aspirations are taken care of despite increasing costs and expenses. Be rest assured that when you insure with us, you will put your fears to rest.