Max Life Child Plan Premium Calculator

Max Life Child Plan Premium Calculator easily calculates the premium costs of the child insurance plans offered by Max Life Insurance Company Limited. A-Max life child insurance package combines insurance with savings to guarantee your child's future security.

At the close of the contract cycle, life insurance will be paid out as a lump amount. Not just that, but these contracts also provide adjustable payouts at critical junctures in your child's education. Although it can be difficult to contemplate tragic events such as death or severe medical conditions, it is essential to protect your child's future from such occurrences.

And if you are not there, Max Life Child Insurance Plans guarantee that your child's potential financial needs are met.

Why should you use the Child Plan Premium Calculator?

With so many child insurance options available, choosing which one is better for a given person's needs gets difficult. It is often recommended and necessary to compare and analyse the different insurance policies available. The Max Life Child Plan premium calculator is a web-based application that can help you determine the cost of a Max Life Child Plan like Max Life Shiksha Plus Super and other ULIPs. It also makes comparisons easier. Using this calculator, one can quickly determine the acceptable premium rate for the policy. One can use it to figure out different rate amounts for different term plans.

Here are the reasons why you should use a Max Life Child Premium Calculator:

For the convenience of the customer, Max Life Insurance has created the services of the Max Life Child Care Premium Calculator.

This is an easy to use and quick method to help customers calculate their premium and ensure that they can be fully aware of the financial aspects of the Max Life Child Care plan. This gives the customer the ability to control the factors affecting their insurance plan and enables them to adjust the factors to create a customized insurance plan. This calculator is available online on the insurer's official website.

The Process to use Max Life Child Plan Premium Calculator

The Max Life Child Plan Premium calculator is a simple and effective way to calculate the premium of the child insurance plan. The following steps should be followed to access and use the Max Life Child Plan Calculator.

Step 1: Visit the insurer's official website.

Step 2: Select the tab that will direct you to the Max Life Child Plan Premium Calculator

Step 3: A page with the calculator will now be visible to you

Step 4: The customer will be required to fill in some personal details such as name, gender, date of birth of the child, financial details such as annual income, coverage amount, and premium payment mode and duration.

Step 5: Users need to enter their choice of investment, i.e. whether Dynamic allocation or STPs.

Step 6: All the details asked must be entered correctly. These factors will affect the premium.

Step 7: The customer will then be directed to a page where the premium will be displayed along with investment details.

Step 8: Customers can then review the information carefully and make an informed decision about the purchase of the Max Life Child Insurance plan.

Step 9: Customers should make sure that they can make the financial commitment required to sustain the insurance plan.

Step 10: Customers can then proceed to purchase their desired plan.

Advantages of the Max Life Child Plan Premium Calculator

The Max Life Child Plan Premium calculator was designed keeping the customer’s requirements in mind. It was made specifically to make the calculator as easy to use and understand as possible.

  • Gives the customer a hassle-free and effective way to calculate the premium of the desired child insurance plan
  • To make the process of buying insurance a simple process and give the customer more control.
  • The Max Life Child Plan Premium Calculator is available online on the insurer’s official website. This means that customers can calculate the premium anytime they want, anywhere they want.
  • It is a very accurate online tool and makes sure that customers do not have any doubts about the factors affecting the premium of their insurance plan.
  • It is extremely time-efficient, as the customer does not have to calculate the premium manually and removes the need to visit the branch office to find out the premium for the insurance plan.
  • It is a completely free online resource available on the insurer's website
  • The process of using the Max Life Child Plan Premium calculator takes less than 5 minutes. Calculating the premium manually would be a waste of time.

Information Required While Using Max Life Child Plan Premium Calculator

Customers using the Max Life Child Plan Online calculator tool need to provide the following details:

  • Personal Information – The individual has to provide the name, address, and date of birth, child's date of birth, policy purpose, premium amount, and other basic details.
  • They also need to provide the amount assured. The base premium, the time mode, and the policy name must all be specified.

Benefits of buying Max Life Child Premium Plans

The Max Life Child Premium Insurance plans are very affordable and provide a secure way for policyholders to support themselves and their child's future. Some of the primary benefits are:

  • One can extend their financial planning to plan for their child’s future milestones like a college education.
  • These plans help individuals who are parents to young children to start investing money to secure their child’s future. These plans offer the life cover as a single pay-out upon plan maturity. They also offer flexible pay-outs in case the child reaches crucial milestones in their life.
  • Income Tax Benefit – A life insurance policy's premiums are tax-free under Sec (10D). Under the terms of the Income Tax Act of 1961, tax-saving life insurance plans such as ULIPs and term insurance can benefit taxpayers. (*Tax benefits are subject to changes in tax laws.  Terms and Conditions Apply)
  • After five policy years, two free partial withdrawals with a minimum value of Rs.5000 are permitted per year. Every year, 12 accessible switches between funds are permitted. Every year, you are given six free premium redirections to divert future premiums to a fund other than those you initially chose.
  • Max Life Child Plan meets the requirements and guarantees that the life of one's family and children stays on track.
  • Flexible Policy Terms: Max Life Child premium plans offer a wide range of coverage options, as well as flexible withdrawals, a penalty for premature termination, and other features. With flexible term insurance and saving plans for children, one can be securely covered for the rest of your life.
  • Convenient Premium Payment: The Max Life Child Premium Plan gives several premium payment options to suit each child's needs. Depending on the plan's terms and conditions, premiums can be charged and taken care of at various time intervals, like, monthly, quarterly, half-yearly, and annually.

Max Life Child Premium Plan Rates

Max Life Child Premium Plan Rates are very affordable and won't drain the policyholder's bank account. One can easily estimate the policy plan with the help of the Max Life Child Plan Premium calculator. The following factors influence premium rates in general:

  • Age of the parent- Minimum age of the parent 21 years old, and the maximum age is 50 years old, while the maturity term age is 65 years.
  • The age of the child- This doesn't depend upon the gender; the child's maximum age is 18 years.
  • Premium Payment Term- Depending on the package, premium payments may be made monthly, quarterly, half-yearly, or annually. However, it is equal to the Policy for five years.

*All savings are provided by the insurer as per the IRDAI approved insurance plan. T&C apply.

Planned plans and premiums can be calculated using the Max Life Child Plan Premium calculator. This is a free online tool to help you with premium calculations. A premium calculator can be used to quickly and accurately compare insurance policies.

FAQs

  • Q1. How can I know my Max Life Child Plan Premium status?

    A1. One can conveniently check the status of their Max Life Child Plan Premium Plan savings or insurance by visiting the insurer’s official website. All you have to do is type your policy number, phone number, email address, and birth date in their statement box. After that, the individual can achieve a summarized status.

    It includes your insurance policy details, as well as a history of premiums, payment dates, deductions, withdrawals, and other related details.

  • Q2. How long do I have to pay premiums for?

    A2. One may pay for ten years or 15-25 years, depending on the policy term. One will, however, be responsible for paying for each year before the plan's maturity date.

  • Q3. How can I file a Max Life Child Plan claim?

    A3. A claim can be intimidated by providing written information to them

    • Through Your Agent Advisor
    • Nearest Max Life Insurance (https://www.maxlifeinsurance.com/) company office
    • Email at This email address is being protected from spambots. You need JavaScript enabled to view it. (mailto:This email address is being protected from spambots. You need JavaScript enabled to view it.)

    One can also send written information to Max Life Insurance Operations Centre-– Claims Department India. The Policy is null and void if the Life Insured dies by suicide within 12 months of the Policy's Issue Date or within 12 months of the Policy's most recent Revival Date.

  • Q4. What is the procedure for renewing Max Life Child plans?

    A4. One can easily renew the term plan online and offline. Online, one has to provide essential documentation and policy details on their official sites.

    Take these three simple measures to renew your Policy online.

    Step 1: To access the e-portal, enter your Client ID and Date of Birth.

    Step 2: Fill out the policy information and choose a payment option (debit/credit card or net banking).

    Step 3: After receiving payment confirmation, save/print the premium deposit receipt. You can also pay by cash or check at any of the nearby branches.

  • Q5. Is there any age factor to buy these child insurance plans?

    A5. The entry age limit for the Max Life Child premium package varies. The parent's minimum age to hold a child policy plan is 21 years old, the maximum age is 50 years old, and the maximum maturity age is 65 years old. The child can be of any age from 0 to 18 years. The policy period is either ten years or 15-25 years, depending on the policy plan you choose. (* Standard T&C Apply)

  • Q6. How can I revive a policy after six months?

    A6. Suppose you give Max Life a completed health declaration form and proof of insurability appropriate to them as per their underwriting practices. In that case, one may revive the Policy during the revival time specified in the policy contract. Both past-due premiums and outstanding fines, if any, should be charged.

  • Q7. How can I track the performance of my policy fund?

    A7. Max Life will give you policy statements from time to time to keep you updated about your policy fund's success if you have chosen one of their premium child plans. This will be the value of the policy fund on the anniversary date. You can also check the status of your Policy via the Max Life customer portal.

  • Q8. Do I have the option to change my premium payment mode?

    A8. Customers have the option to change their existing premium payment mode on the policy anniversary. The Policy should be active for them to apply for such a change. They can send a letter in writing mentioning the new premium payment mode that they would opt for to the Max Life Insurance local office. They will update the change and notify.

  • Q9. Can someone from Max Life come and collect my premium from my house?

    A9. Yes, Max Life Insurance provides this facility for the collection of premium amounts from the policyholder’s account. However, this facility is available only in select cities. The customers need to first submit a letter in writing for the same. They can also request payment collection by calling on Max Life customer helpline toll-free number 1860 120 5577 or sending an email at This email address is being protected from spambots. You need JavaScript enabled to view it.. A-Max Life Insurance officer will come to the customer’s house to collect the premium payment from their house within 7 days from the date when the request was placed.

Disclaimer: Policybazaar does not endorse, rate, or recommend any particular insurer or insurance product offered by an insurer.

All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C apply.

Written By: PolicyBazaar
Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
Average Rating
(Based on 29 Reviews)
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Max Life Child Plan Premium Calculator Reviews & Ratings

4.1 / 5 (Based on 29 Reviews)
(Showing Newest 25 reviews)
Maahi
Maandhata, March 31, 2021
Various facilities available
I have availed various facilities when I bought a child plan for my 4 years old daughter. It is for her benefits. It will definitely her future goals and needs. I bought the max life insurance policy. Thanks team.
Siddhartha
Perumbalur, March 30, 2021
Choose the best
I found various good plans into the website of the policybazaar and I bought the max life child insurance policy. I have chosen the best plan which has fulfilled my requirements and needs of my child. Great work.
Vineit
Padubidri, March 16, 2021
Simple to buy
It is very simple to buy a max life child insurance plan from the policybazaar. I bought this plan 2 years ago and can see substantial increase into the same. A best and required plan. Kudos team.
Aarav
Atabira, March 09, 2021
Fulfil the dream
My child’s dream would be fulfilled by taking the child plan. He wants to be a great scientist and have big dreams. I bought this plan because a lot of expensive education has taken place. But with the child plan it will be easy for me to secure his education. Thanks team and it was the plan of max life.
Vaibhav
Howrah, October 14, 2016
Awesome Services
Now, the future of my child is secure with child insurance policy which i buy from max life insurance company. Service given by the staff of the company is fabulous and on time. Executives facilitate the service to customers 24X7.
Yashu
Ahmednagar, August 24, 2016
Nice Insurance Plan
Max life child insurance plan is very good in coverage and paybacks. Service facilitated by you guys is fantastic. Policy premium is less and claiming is simple because of executives who provides each and every help.
Sandeep
Sitapur, July 26, 2016
Max child policy
Max child insurance policy i have purchase in very low premium. Policy has many benefits like it covers maximum expenditure which spend for my child in future, after the policy get mature. Claiming is simple and sanctioned easily. I must say service is fantastic.
Mayur
Bikaner, July 11, 2016
Child Care
The child insurance policy i purchase for my girl is good. The future of her is secure now with this insurance policy. Huge rewards in less investment. Policy coverage and claims are high but the premium is less which is a good thing.
Jigar
Alibag, June 29, 2016
Good Child Policy
My child insurance plan is superb which I bought for my child. The policy coverage is high and claims are better. Service is perfect provided by the company members. The online service is also good which is easily access by anyone.
Gautam
Srinagar, April 20, 2016
Perfect Policy
Superb child policy plan which provided by max life insurance. The policy coverage is 93% and the claims are ~Rs.42 L after policy ends. The investment is ~Rs.18 K quarterly per year till policy end. Services are great and fast too. Great work guys. Good future investment with tax saving.
Abhinav
Nainital, April 20, 2016
Superb Plan
I buy child policy plan with max life insurance which has very good policy coverage ~ 83%. The service is also good, fast and on time. The claims are high ~ 36 L and claiming process is easy because the executive and staff members providing good response and quick services.
Kushagra
Fatehgarh, April 20, 2016
Easy Returns
The best child policy plan i bought from max life insurance and the policy plan is awesome. The policy coverage is 91% and the claims are Rs.39 L after policy get mature. The investment is low and the returns are high. Good future plan with tax protection.
Vikram
Hyderabad, April 20, 2016
Great Deal
My child policy plan is very good and the insurer is max life insurance. The policy has many benefits like good investments for future and it save taxes also. Policy coverage is 81% and the claims are around 31 L after policy ends. Fair Terms and Conditions.
Mankaran
Rameswaram, April 20, 2016
Less coverage
I purchase child policy plan from max life insurance. The policy coverage is 70% and the claims are good with low premiums. Service you provided is very quick and the behaviour of the executives and staff members is nice. Good future investment and it reduces taxes also. Nice policy plan.
Bhavya
Agra, April 20, 2016
Okay Child Plan
I own child policy plan which i buy from max life insurance. Policy have various benefits but the policy coverage is the best ~87% is covered in the policy. Claims are high and the premiums are low. Service is good. Nice future investment which saves tax also.
Rohit
Krishnagiri, April 20, 2016
Very Nice
I purchase max life insurance policy plan and took child insurance policy plan. Policy coverage is good 75% and the payback amount is 28 L when policy ends. Claims are easily get due to great services facilitate by executives of the company. Nice future investment and it saves taxes also.
Tanishk
Darjeeling, April 20, 2016
Not Satisfactory
I have max life insurance child policy plan. Policy coverage is good 80% but the premium is low. Service provided is bit slow and claims are good and Rs.25 L is the amount i get after policy get end. I just wanted to say that satisfactory policy plan.
Jigar
Chittoor, April 20, 2016
Trustworthy
My child policy plan is not super policy but an average one. Max life insurance provide wide range of policies. My policy coverage is good 79%. Service is nice and work is done in short period of time. Claims are high and the payback amount is 29 L after policy get mature. The service provided by the executives and staff members are really nice. Good future security which save taxes too.
Dhruv
Guwahati, April 20, 2016
Fantastic
I buy a child policy plan for my child from max life insurance. Policy coverage is high 82% but the premium is low. Claims are easy to get because of the fast service provided by the executives and staff members. Daily updates are also mailed to me time to time. Fine policy good work.
Saahir
Haldwani, April 20, 2016
Future Security
I purchase child policy plan by max life insurance. Policy coverage is 87% and the claims are high. Premium is low and the services are fast and with great response from executives and staff members of the company. Good future investment and it saves taxes too.
Dinesh
Bastar, April 20, 2016
Awesome
I found awesome child policy plan from max life insurance. The claim is high and the policy coverage is 90%. Service you provided is fast and very quick. Daily updates are mail and texted to me. The policy is good for future investment and it saves taxes also.
Shushant
Hajipur, April 20, 2016
Manageable
I had child policy plan for my child through max life insurance child plan. The policy is nice, Good policy coverage ~92% and claiming amount is Rs.32 L after policy get mature. But the service is bit slow, please improve it. And the behaviour of the executives and staff members are nice. Good future investment with saving tax too.
Ishant
Sonipat, April 20, 2016
Perfect
The best child policy plan i bought from max life insurance and the policy plan is awesome. The policy coverage is 91% and the claims are 37 L after policy get mature. The investment is low and the returns are high. Good future plan with tax protection. Service you provided is very quick and on time till now.
Manish
Indore, April 20, 2016
Just Go For It
I buy a child policy plan for my child from max life insurance. Policy coverage is high 85% but the premium is low. Claims are easy to get because of the fast service provided by the executives and staff members. Daily updates are also mailed to me time to time. Fine policy good work. Good future investment and it save tax also. Like the policy.
Joginder
Patiala, April 20, 2016
Very Good
I purchase child policy plan by max life insurance. Policy coverage is 89% and the claims are high. Premium is low and the services are fast and with great response from executives and staff members of the company. Good future investment and it saves taxes too. I'm happy with my policy plan.
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