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Term Insurance Calculator

*For transgender please select male to continue with purchase and write to us at online@maxlifeinsurance.com

Key Benefits of Term Insurance
  • Coverage for 40 critical illnesses^
  • Premium back option*^
  • Coverage upto 85 years of age
  • Financial protection against COVID-19

Choose the Best Plan

Life cover
50L Done

Select from the popular options below

  • 25,00,000 25 Lakhs
  • 40,00,000 40 Lakhs
  • 50,00,000 50 Lakhs
  • 75,00,000 75 Lakhs
  • 1,00,00,000 1 Crore
  • 2,00,00,000 2 Crore
Age

till years

I want to pay for

Regular Pay

Pay till age 60

Super Saver

I want to pay for

Regular Pay

Pay till age 60

Super Saver

I want to pay for

Best Selling

Super Saver

Recommended

I want to pay for

Regular Pay

Pay till age 60

Super Saver

PREMIUM

You're securing your family with Max Life Online Term Plan Plus (UIN - 104N092V04), Product selection is based on Need Analysis done, basis your inputs.

You're securing your family with Max Life Smart Term Plan (UIN - 104N113V03), Product selection is based on Need Analysis done, basis your inputs.

Why choose Max Life
  • Best term plan company of the year*^*
  • 99.22% claims honoured**^
  • Trusted by 35Lakh+ customers
  • Dedicated relationship managers

Looking for something specific

Income Plans

Protect your family’s future by getting fixed monthly income for upto 20 years, on maturity of policy.

Explore Income Plans
Income Plans

Explore term plans tailored to protect you at every stage of your life.

Explore Other Regular Plans

Frequently Asked Questions

Frequently Asked Questions

1. What is the premium for 1 crore term insurance?

The premium for your term insurance plan depends on factors like your age, gender, smoking habits, medical history, Profession and other related factors.

However, Standard Premium For 24-Year Old Male, Non-Smoker, 25 Years Policy Term, 25 Year Premium Payment Term (exclusive of GST) for Max Life Smart term plan (UIN: 104N113V03) is Rs. 563/-

2. How to use a Term Insurance Calculator?

You simply have to add basic details about yourself and choose the time you want the coverage for and the time period you want to pay for. As per the details you enter, there will be a free
of cost quote that will be generated for you.

3. How to Choose the Right Term Insurance Plan?

Each life insurance plan is priced differently. Given the fact that you have to pay the premiums at regular intervals to keep your life insurance plan active; you need to choose an insurance plan that is cost effective. In case the premium is too high, and you cannot afford to pay the premium, you may risk losing your life cover. Not just the cost, one should keep in mind the claims paid ratio as well. Max Life has a claims paid ratio of 99.22% for FY19-20. As per annual audited financials FY 19-20

4. What are the term insurance premium payment options?

There are many payment options like Debit card, credit card, net banking etc. which are completely safe and give you ease of paying the premium as you like.

5. Which is the best term plan with return of premium?

There are many plans in the market. You need to assess the one that suits your financial need correctly and is cost effective to you as well.

6. What happens if you don't die during term life insurance?

If you are safe and sound after your policy lapses, the coverage also ends. If you have chosen the term plan with return of premium option, then you get all your premium money back*^ once the policy ends.

7. How Do I Get Refund of Premium* Upon Surviving the Policy term

As the name suggests, the term plan with return of premium is different from traditional term plans, as it provides to the amount of annualized premium paid throughout the policy term. Thus, in case of your untimely demise within the policy tenure, your family will receive the full sum assured under the insurance plan.

However, if nothing happens to you, and you are able to outlive the term insurance period, you will receive the amount of premium* paid you had paid under the plan as premium. In other words, you can avail both policy and survival benefits under the Plan.

8. How Can I Get Coverage Against Life-Threatening Illnesses

The Max ife Smart Term Plan from Max Life Insurance offers an Accelerated Critical Illness (ACI) benefit, which provides financial assistance for you, in case you are diagnosed with a life-threatening condition such as cancer or kidney failure. The ACI offers immediate lump sum payouts (from your policy coverage) to help you secure the best possible treatment available, against as many as 40 health conditions. 

Also, you can increase your critical illness coverage, during the policy tenure so that your cover stays relevant to your age and market inflation. 

You're securing your family with Max Life Online Term Plan Plus (UIN - 104N092V04), Product selection is based on Need Analysis done, basis your inputs.

You're securing your family with Max Life Smart Term Plan (UIN - 104N113V03), Product selection is based on Need Analysis done, basis your inputs.

Choose a cover for your family's tomorrow

Your family will get
50L Done

Select from the popular options below

  • 50,000 50K
  • 1,00,000 1 Lakh
  • 2,00,000 2 Lakhs
  • 5,00,000 5 Lakhs
  • 10,00,000 10 Lakhs
Policy Tenure

monthly for years till

Age

years

I want to pay for

Regular Pay

Pay till age 60

I want to pay for

Best Selling

Super Saver

Recommended

I want to pay for

Regular Pay

Pay till age 60

Super Saver

PREMIUM

You're securing your family with Max Life Online Term Plan Plus (UIN - 104N092V04), Product selection is based on Need Analysis done, basis your inputs.

You're securing your family with Max Life Smart Term Plan (UIN - 104N113V03), Product selection is based on Need Analysis done, basis your inputs.

Why choose Max Life
  • Best term plan company of the year*^*
  • 99.22% claims honoured**^
  • Trusted by 35Lakh+ customers
  • Dedicated relationship managers

Looking for something specific

Income Plans

Protect your family’s future by getting fixed monthly income for upto 20 years, on maturity of policy.

Explore Income Plans
Income Plans

Explore term plans tailored to protect you at every stage of your life.

Explore Other Regular Plans

Frequently Asked Questions

Frequently Asked Questions

1. What is the premium for 1 crore term insurance?

The premium for your term insurance plan depends on factors like your age, gender, smoking habits, medical history, Profession and other related factors.

However, Standard Premium For 24-Year Old Male, Non-Smoker, 25 Years Policy Term, 25 Year Premium Payment Term (exclusive of GST) for Max Life Smart term plan (UIN: 104N113V03) is Rs. 563/-

2. How to use a Term Insurance Calculator?

You simply have to add basic details about yourself and choose the time you want the coverage for and the time period you want to pay for. As per the details you enter, there will be a free
of cost quote that will be generated for you.

3. How to Choose the Right Term Insurance Plan?

Each life insurance plan is priced differently. Given the fact that you have to pay the premiums at regular intervals to keep your life insurance plan active; you need to choose an insurance plan that is cost effective. In case the premium is too high, and you cannot afford to pay the premium, you may risk losing your life cover. Not just the cost, one should keep in mind the claims paid ratio as well. Max Life has a claims paid ratio of 99.22% for FY19-20. As per annual audited financials FY 19-20

4. What are the term insurance premium payment options?

There are many payment options like Debit card, credit card, net banking etc. which are completely safe and give you ease of paying the premium as you like.

5. Which is the best term plan with return of premium?

There are many plans in the market. You need to assess the one that suits your financial need correctly and is cost effective to you as well.

6. What happens if you don't die during term life insurance?

If you are safe and sound after your policy lapses, the coverage also ends. If you have chosen the term plan with return of premium option, then you get all your premium money back*^ once the policy ends.

7. How Do I Get Refund of Premium* Upon Surviving the Policy term

As the name suggests, the term plan with return of premium is different from traditional term plans, as it provides to the amount of annualized premium paid throughout the policy term. Thus, in case of your untimely demise within the policy tenure, your family will receive the full sum assured under the insurance plan.

However, if nothing happens to you, and you are able to outlive the term insurance period, you will receive the amount of premium* paid you had paid under the plan as premium. In other words, you can avail both policy and survival benefits under the Plan.

8. How Can I Get Coverage Against Life-Threatening Illnesses

The Max ife Smart Term Plan from Max Life Insurance offers an Accelerated Critical Illness (ACI) benefit, which provides financial assistance for you, in case you are diagnosed with a life-threatening condition such as cancer or kidney failure. The ACI offers immediate lump sum payouts (from your policy coverage) to help you secure the best possible treatment available, against as many as 40 health conditions. 

Also, you can increase your critical illness coverage, during the policy tenure so that your cover stays relevant to your age and market inflation. 

You're securing your family with Max Life Online Term Plan Plus (UIN - 104N092V04), Product selection is based on Need Analysis done, basis your inputs.

You're securing your family with Max Life Smart Term Plan (UIN - 104N113V03), Product selection is based on Need Analysis done, basis your inputs.

Get assured Payout on COVID-19 Diagnosis

Get payout of

for just

Applicable till age - #maxCovidAge# years

AddEdit

Enhance your plan with Add-ons

Recommended

Premium Back Option

Choose return of premium option to get maturity value of

for just

Add
Best Seller

Protection against 40 Critical illnesses

Get Coverage of

for just 67

Applicable till age - #maxMA# years

AddEdit
Best Seller

Protection against 40 Critical illnesses

Get Coverage of

for just 67

Applicable till age - #maxMA# years

AddEdit

Accidental Cover

Get Coverage of

for just 167

Applicable till age - #maxMA# years

AddEdit

Future Premium waiver in case of critical illness or disability

for just 67

Applicable till age - #maxMA# years

AddEdit
AMOUNT PAYABLE Base Amount +
Our Claims Bharosa
  • 99.22% Claims Paid in FY 19-20**^
  • Insta Claim - Claims payment in 1 day^**
  • Interest payment on everyday of delay^**
Just one step away from securing your family!

*While entering income, please do not include Rental Property income & interest income from bank Deposits/Dividends/other investments

*While entering income, please do not include Rental Property income & interest income from bank Deposits/Dividends/other investments

* Same address will be used for medicals

* Same address will be used for medicals

Base Amount + View Premium Summary

Pay annually and save 5%

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OR
#savePercentage

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Using Mastercard/VISA/AMEX credit card

*Premium will be charged at the time of policy issuance (subject to underwriting's decision)

OR

(#frequency premium)

Using any payment method

30 Days refund option under free look

Trust of 99.22% claims paid**^

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PLAN SUMMARY
Equote Number:
Policy Name
Maturity Value
Life Cover
Term
Years
Pay till age
Years
Withdrawal After
Years
Pay For
Years
Premium
Service Tax
Total Premium
Base Amount + View Premium Summary

Quick Eligibility Check

Things to confirm before we proceed

Sorry you are not eligible for Waiver Of Premium Critical Illness Waiver Of Premium & Critical Illness

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