Online Term Plan Plus
You work hard every day to make sure that your family gets the best in life. But have you ever thought, what will happen if you are not there to take care of them or get critically ill or suffer any physical disability?
Make sure you have a comprehensive plan that gives you protection against all uncertainties.
Max Life brings to you Online Term Plan Plus that provides a secure financial future for your loved ones, against the risks of Death, Disease and Disability.
What is a Term Plan?
Term Insurance is the most economical way of ensuring that your family’s standard of living is maintained even in your absence. You pay a nominal premium every year for a certain period of time to buy a life insurance cover, and in case of your unfortunate death during this time, your family is paid the amount promised to you by your insurer. Generally, no survival benefits are payable for a term plan. The premium you pay is tax exempt and the benefit that is paid to your family is completely tax free.
How to choose the best Term plan?
1. A trusted brand, since you will be associated for 35-40 years with the brand
2. Go with the insurer who has a claim paid ratio of at least 95% consistently in the recent past years. For a Term Plan, claim payment is the moment of truth.
3. Comprehensive and flexible cover so that your family is protected financially not just against death but also against Critical Illness and Disability.
4. Affordable premiums. Term plans are the cheapest form of life insurance. If you want an option that is light on the pocket, opt for monthly frequency of paying premium
You must buy this plan because you get …
- Comprehensive plan which covers not only Death, but also Disease and Disability
- Option to Pay only till you work(till age 60), and get covered till 85 years
- Option to Increase your life cover with important life events
- Get peace of mind with high Claim Paid Ratio