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Save up to 8%#
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Includes one time premium of for Covid-19 rider & premium
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Secure your family's tomorrow with a wise decision today!
Flexible premium payment options as per your budget
Option to increase insurance coverage upon achieving important milestones in life
Significant tax benefits under Section 80C, 80D and 10(10D) of income tax act 1961
Get return of premium upon surviving the policy term under base policy*
Comprehensive protection against 40 critical illnesses, including kidney failure, heart attack, and cancer
Limited premium payment options such as limited pay, regular pay and pay till 60
I authorize Max Life insurance to contact via SMS/Email/Phone/WhatsApp/Facebook/any other modes overriding DND *For transgender please select male to continue with purchase and write to us at online@maxlifeinsurance.com
*For transgender please select male to continue with purchase and write to us at online@maxlifeinsurance.com
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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 - 104N113V04), Product selection is based on Need Analysis done, basis your inputs.
Protect your family’s future by getting fixed monthly income for upto 20 years, on maturity of policy.
Explore term plans tailored to protect you at every stage of your life.
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.
monthly for 10 15 20 years till
years
Get payout of
for just
Applicable till age - #maxCovidAge# years
Get coverage of
for just 67
22 Critical Illness 64 Critical Illness
Include Total & Permanent Disability Cover #tpdValue#
Applicable till age - #maxMA# years
Choose return of premium option to get maturity value of
Get Coverage of
for just 167
The sum of premiums for your riders exceed the premium for base term plan. Please reduce the sum assured for accident rider or Critical illness rider to proceed.
Get instant access to funds when you need them the most. Instant* disbursal of funds from your cover amount if diagnosed with any of the 40 listed critical illnesses, for immediate treatment. *Valid after 90 days from date of commencement of risk or date of reinstatement
Get a one-time lump sum payout upon critical illness diagnoses, rest payable on death On the first diagnosis of any of the 40 specified critical illnesses, the payout for Critical Illness benefit will be made, and the balance life cover will be carried forward (with reduced future Premiums payable) and payable on death. Note: In case of Angioplasty, the critical illness payment is limited to ₹5 Lakhs. The remaining CI Sum Assured payable on subsequent diagnosis of any one of the other specified Critical Illnesses.
What is covered under this Rider? a.Dismemberment due to any cause This would include
b. 11 Critical Illnesses covered are
Rider coverage is only available till the premium payment term.
Disclaimer:
Max Life COVID-19 One Year Term Rider A Non-Linked Non-Participating Individual Pure Risk Premium Life Insurance Rider (UIN : 104B048V01)
We all know the world has been battling Coronavirus, the virus has changed our life completely. More than anything, we are preparing ourselves to fight the battle with COVID-19 by washing hands, sanitising and what not.
While you take all the precautions, to lessen the risk of getting infected; it is equally important to safeguard your family’s financial interests and mitigate the financial risk with a life insurance rider that provides coverage against COVID-19 on both diagnosis and in case of an unfortunate demise of the insured as well.
Key features of COVID-19 rider
Note that in case base plan lapses during the rider coverage term, the rider coverage shall also lapse.
Note that a Test report confirming COVID-19 is required from an “Authorized Test Center” to avail the benefits. Where the Authorized Test Center means a laboratory which has been accredited / authorized by local authorities (viz. municipal, district level or state health departments) for COVID-19 testing
MAX LIFE CRITICAL ILLNESS AND DISABILITY RIDER (UIN – 104B033V01) helps you financially secure yourself and your loved ones against critical illnesses and Total & Permanent disability. Avail the wellness benefit with Max Fit App which enables you to get a discount on your renewal premiums. Get covered against the uncertainties that life can bring till age 85* and choose to pay as you like with our flexible premium payment options
You can choose to get protected with:
*Maximum Maturity Age of 85 is available with gold and platinum variant.
List of illnesses covered
Sl. No.
Critical Illnesses
Gold
Platinum
1
Cancer of Specified Severity
Available
2
Myocardial Infraction (First heart attack of Specific Severity)
3
Open Chest CABG
4
Open Heart Replacement or Repair of Heart Valves
5
Coma of Specified Severity
6
Kidney Failure Requiring Regular Dialysis
7
Stroke Resulting in Permanent Symptoms
8
Major Organ /Bone Marrow Transplant
9
Permanent Paralysis of Limbs
10
Motor Neuron Disease with Permanent Symptoms
11
Sclerosis with Persisting Symptoms
12
Benign Brain Tumor
13
Blindness
14
Deafness
15
End Stage Lung Failure
16
End Stage Liver Failure
17
Loss of Speech
18
Loss of Limbs
19
Major Head Trauma
20
Primary (Idiopathic) Pulmonary Hypertension
21
Third Degree Burns
22
Angioplasty(Minor CI)
23
Alzheimer’s Disease
Not Available
24
Parkinson’s Disease
25
Aorta Graft Surgery
26
Amputation of Feet Due to Complications from Diabetes
27
Apallic Syndrome
28
Aplastic Anaemia
29
Bacterial Meningitis
30
Brain Surgery
31
Cardiomyopathy
32
Chronic Adrenal Insufficiency (Addison's Disease)
33
Chronic Relapsing Pancreatitis
34
Creutzfeldt-Jacob Disease (CJD)
35
Crohn's Disease
36
Dissecting Aortic Aneurysm
37
Eisenmenger's Syndrome
38
Elephantiasis
39
Encephalitis
40
Fulminant Hepatitis
41
Hemiplegia
42
HIV due to Blood Transfusion and Occupationally Acquired HIV
43
Infective Endocarditis
44
Loss of Independent Existence (Cover up to Age 74)
45
Loss of One Limb and One Eye
46
Medullary Cystic Disease
47
Muscular Dystrophy
48
Myasthenia Gravis
49
Myelofibrosis
50
Necrotising Fasciitis
51
Other Serious Coronary Artery Disease
52
Pheochromocytoma
53
Poliomyelitis
54
Progressive Scleroderma
55
Progressive Supranuclear Palsy
56
Severe Rheumatoid Arthritis
57
Severe Ulcerative Colitis
58
Systemic Lupus Erythematosus with Lupus Nephritis
59
Terminal Illness
60
Tuberculosis Meningitis
61
Carcinoma In-Situ (CiS)
62
Small Bowel Transplant
63
Brain Aneurysm Surgery or Cerebral Shunt Insertion
64
Severe Osteoporosis
Note :
*While entering income, please do not include Rental Property income & interest income from bank Deposits/Dividends/other investments
Location of your medical test will be based on this pincode
*Select the city manually, to match it to the pin code & address proof, if mismatched
Our experts will get in touch with you once you will be eligible for this plan
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In this variant, your nominee will receive a fixed level monthly income for up to 10 years, 15 years or 20 years (you will have to choose the payout period at the time of purchasing the policy) after your demise.
In this variant, your nominee will receive an increasing amount of monthly income for up to ten years, 15 years or 20 years (you will have to choose the payout tenure at the time of purchasing the policy) as a death benefit.
In this variant your nominee will receive 100% of the Sum Assured as a lump sum, plus increasing monthly income equal to 0.4% of Sum Assured which increase every year by 10% p.a. (simple interest).
In this variant, the Sum Assured under the base policy will increase by 5% p.a. (simple interest) on each policy anniversary for up to the 21st policy anniversary.
In this variant, the Sum Assured decreases by 5% p.a. (simple interest) on completion of every 5th policy year.
In this variant, your nominee will receive 100% of the insurance benefit (or Sum Assured) that you chose at the time of purchasing the policy.
In this variant your nominee will receive 100% of the Sum Assured as a lump sum, along with a fixed monthly income.
We regret to inform that we have to revise your offer based on profile. Please review and confirm
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