User Activity Modal/Pop Up Component

Max Life Group Super Life Premier 

Organisations these days have to often compete with each other to acquire and retain top talent. They have to look for ways to keep their workforce motivated. To this end, ensuring competitive compensation and benefits is critical. This is where group insurance schemes come into the picture. A group insurance scheme helps you offer benefits to your employees and offer protection for them and their families. Max Life Group Super Life Premier (UIN-104N088V02) is a flexible group plan that can be clubbed with available riders to enhance protection for your employees and their families.

 

3 Reasons Why Max Life Group Super Life Plan is Ideal for Employers:

  • You can provide better financial protection to your employees’ families
  • You can improve employee retention with low-cost insurance
  • You can get certain tax benefits based on the prevailing tax laws

What does Max Life Group Super Life Premier Plan Offer?

What does Max Life Group Super Life Premier Plan Offer?

All you need to know about Max Life Group Super Life Premier Plan

All you need to know about Max Life Group Super Life Premier Plan

Insert Image Death Benefit

In case of an employee’s death (natural or accidental), the employee’s family/nominee will receive a lump sum.

The sum assured under death benefit can be based on one of the following:

  • A uniform cover for all the plan members
  • Salary compensation based on duration of  service/outstanding service or age or in bands, multiple payouts, or by some objective formula
  • Grade-wise cover based on the member's category
  • Preferred sum chosen by you based on your  needs basis the scheme rules

Benefit should be chosen carefully to ensure that a minimum Sum Assured is ₹5,000 per member

Insert Image Surrender Benefit

If a member exits from a scheme, they will receive a proportionate refund of premium for the due risk tenure.

  • In case of an employer-employee scheme, if an employee exits from the group due to reasons other than death, cover will continue till the end of the coverage period as long as the premiums are paid unless a specific request is received for the refund of premium for the due risk tenure.

  • On surrender of the master policy, employer-employee schemes and non-employer-employee schemes both offer the group members the option to either continue the cover for the due risk tenure, or to discontinue the scheme, in which case they will receive a refund of premium for the balance risk tenure, in accordance with section 35 (l) of the non-linked product regulations 2013.

Insert Image Tax Benefit

Get tax benefits1 on premiums and claims based on the prevailing tax laws

  • Premium paid by the employer would be treated as business expense as per section 37(1) of the Income Tax Act, 1961

  • All death claim payments are exempted from tax under Section 10(10D) of the Income Tax Act, 1961

Insert Image Add-on benefits

You can get certain add-on benefits (Additional Options subject to underwriting) for your employees.

These benefits may include:

  • Spouse and Dependent Cover - employer can include employees’ family members in the scheme.

  • Voluntary Top-ups - employees can opt for additional Sum Assured

For more details, please refer to the policy brochure or contact our corporate manager.

 
  • Policy Term - 1 year
  • Minimum group size - 10 Members in case of Employer-Employee Groups and 50 Members in case of Non-Employer-Employee Groups
  • Maximum group size - No limit
  • Event covered - Death (natural or accidental)
  • Minimum sum assured – ₹1,00,000 for a scheme. ₹5,000 for a member
  • Maximum sum assured - No limit but subject to underwriting
  • Minimum premium - ₹5,000 per annum per scheme excluding extra mortality, rider premium, and government taxes, cesses, & levies.
  • Maximum premium - Subject to board-approved underwriting policy
  • Minimum Entry Age: 18 years (age last birthday)
  • Maximum Entry Age: 74 years (age last birthday) for employer-employee groups; 64 years (age last birthday) for non-employer-employee groups
  • Maximum Maturity Age: 75 years (age last birthday) for employer-employee groups; 65 years (age last birthday) for non-employer-employee groups. The maturity age/Cover ceasing date will be calculated based on Policy anniversary that follows or coincides with a person's 75th/65th birthday, whichever applicable.
Downloads Actions
Leaflet
Download- Max Life Insurance
Premium Rates Table Download- Max Life Insurance
Policy Contract Download- Max Life Insurance

Wondering How Group Plans Offer Better Benefits than Other Forms of Insurance?

Understand Group plans better

Why Choose Max Life

Here are some of the numbers that speak about our accomplishments

Why Choose Max Life

Here are some of the numbers that speak about our accomplishments
Claims Paid Percentage

99.65%

99.65%

(Source: Individual Death Claim Paid Ratio as per Audited Financials for FY 2023-2024)

Max Life's Presence

304 Offices

304 Offices

(Source: As reported to IRDAI, FY 2023-24)

Sum Assured

₹1,779,409 Cr.

₹1,779,409 Cr.

In force (individual) (Source: Max Life Public Disclosure, FY 2023-24)

Assets Under Management

₹150,836 Cr.

₹150,836 Cr.

(Source: Max Life Public Disclosure, FY 2023-24)

More reasons why our customers choose us
What our customers have to say
What our customers have to say

It is not what you do, but how you do that makes the difference. This focus on doing things the right way allows us to maintain highest of standards, both internally and also for our clients. We believe that Max Life Insurance also shares similar work ethos and their plans are among the best in the Industry. I will recommend Max Life Insurance to businesses and organizations who want to provide better benefits to their employees.

 

CEO

A leading online retailer in India

Let’s Connect

Let’s Connect

Online Sales Helpline
0124 648 8900
 (09:00 AM to 09:00 PM Monday to Saturday)

service.helpdesk@maxlifeinsurance.com
SMS 'LIFE' to 5616188

Let us call you back
Customer Service Helpline
1860 120 5577
(9:00 AM to 6:00 PM Monday to Saturday)
  Chat with us

Please write to us in case of any escalation/feedback/queries.

Write to us
NRI Helpdesk
011-71025900; 011-61329950
(9:00 AM to 6:00 PM Monday to Saturday)

nri.helpdesk@maxlifeinsurance.com