Max Life Insurance

Max Life Insurance Company Limited is a Joint Venture between Max Financial Services Limited and Axis Bank Limited. Max Financial Services Ltd. is a part of the Max Group, an Indian multi business corporation. Max Life has a total claims paid ratio of 99.35% as per the annual audited financials for the FY 20-21. Max Life offers comprehensive protection and long-term savings life insurance solutions, through its multichannel distribution including agency and third party distribution partners.

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Get ₹1 Cr. Life Cover at just ₹449/month*
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Highest Claim Settlement Ratio (99.4%)
Guaranteed 1 Day Claim Settlement
Extra 5% Discount for Salaried Individuals
Covers 59 Critical Illnesses
Corona Kavach Add-on
Accidental Death Benefit

Why Max Life Insurance?

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  • Highest Claim Settlement Ratio (99.4%)

    With the highest claim settlement ratio of 99.4%, the company ensures your loved ones receive the financial support in your absence, hassle free.

  • Guaranteed 1 Day Claim Settlement

    Through ‘InstaClaim’, Max Life endeavors to provide claim payment in 1 day. In case of delay beyond 1 day, Max Life will pay interest on your death claim amount on each day of delay beyond 1st working day.

  • Extra 5% Discount for Salaried Individuals

    The salaried individuals get an additional discount of 5% on the first-year premium.

  • Covers 59 Critical Illnesses

    On diagnosis of any of the 59 critical illnesses, you will receive a lump sum amount. This benefit also safeguards your family against the loss of income resulting out of the illness

  • Corona Kavach Add-on

    Corona Kavach add-on covers all COVID-19 related expenses including treatments at home, consumables like PPE Kit, Gloves, Masks etc

  • Accidental Death Benefit

    “One death every minute in India happens due to a road accident. This optional benefit provides your loved ones with additional payout in case death happens due to an accident”

*Tax benefit is subject to changes in tax laws.

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

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It offers comprehensive life insurance and retirement solutions for the long-term savings and the protection to more than 30 lakh customers.

What is Max Life Insurance?

Max Life Insurance offers inclusive protection, long-term savings, and retirement solution to the insurance seekers. The policies are specifically designed to cater to the various needs of the insurance buyers. The insurance buyers can choose from the extensive range of plans ranging from protection, retirement, child, savings, etc. as per their requirement and suitability. Over the past 15 years and so, the company has progressed in the country and has developed a strong reputation in the market.

Max Life has built its operations over almost two decades through need-based sales process, a customer-centric approach to engagement and service delivery and trained human capital.

As per public disclosures, during the financial year 2020-21, 

  • Max Life achieved gross written premium of Rs. 19,018 crore. As on 31st March 2021, 

  • The Company had Rs. 90,407 crore of assets under management(AUM), and 

  • A Sum Assured in Force of Rs. 1,087,987 crore.

Why You Should Choose Max Life Insurance?

Max Life has built its operations over almost two decades through need-based sales process, a customer-centric approach to engagement and service delivery and trained human capital.

As per public disclosures, during the financial year 2020-21, 

  • Max Life achieved gross written premium of Rs. 19,018 crore. As on 31st March 2021, 

  • The Company had Rs. 90,407 crore of assets under management(AUM), and 

  • A Sum Assured in Force of Rs. 1,087,987 crore.

Here is why you should choose Max Life Insurance.

  • Empathy: The company chooses its customers over numbers. With a customer-centric approach, the company offers a one-stop solution for the insurance needs of the buyers.

  • Transparency: With a claim settlement ratio of 99.35%, the company offers transparency to the insurance buyers. Insurance buyers can check every detail related to different policies online. With a solvency ratio of 242% (Source Public Disclosure FY 2018-2019), Max Life policies offer reliability to the customers.

  • Accountability: The company values the trust of the insurance buyers thus provides an excellent customer support service 24X7 to the insurance buyers. The company takes accountability of the policies and provides a hassle-free claim settlement process in case the claim is filed by the nominee of the policy.

Benefits of Max Life Insurance

The company offers many benefits to insurance holders. Let’s take a look at it:

  • The company offers a wide range of comprehensive policies to cater to the requirements of insurance buyers.

  • The insurance buyers can opt for a high coverage plan at an affordable premium rate.

  • Along with the benefit of insurance cover, the policies also provide the advantage of tax exemption U/S 80C and 10(10D) of Income Tax Act.

  • An individual can purchase policy online in an easy and hassle-free way.

  • The plans offered by the company helps to secure the financial future of the family of the insured.

  • Max Life Insurance policies help the insured to provide financial security to their family and safeguard them against any type of eventualities.

Types of Max Life Insurance Plans

Here are all the different types of insurance plans:

Term Insurance Plan

These are comprehensive life insurance plans that offer the much-needed financial protection to you and your family. Following are the term insurance plans

Plan Name Entry Age (Min – Max) Maturity Age Policy Term Sum Assured (Min – Max)
Max Life Online Term Plan Basic Cover 18 - 60 years 85 years 10-50 years Rs.25 lakh - Rs.100 crore
Max Life Online Term Plan Life Cover + Monthly Income 18 - 60 years 85 years 10-50 years Rs.25 lakh - Rs.100 crore
Max Life Online Term Plan Life Cover + Increasing Monthly Income 18 - 60 years 85 years 10-50 years Rs.25 lakh - Rs.100 crore
Max Life Super Term Plan 18 - 65 years 75 years 10-35 years Rs.25 lakh - No Upper Limit
Max Life Platinum Protect II 18 - 60 years 75 years 10, 15, 20, 25, and 30 years Rs.25 lakh - No Upper Limit
Max Life Premium Return Protection Plan 21 - 55 years 75 years 20, 25, and 30 years Rs.5 lakh - Rs. 1 crore
  • Max Life Online Term Plan Basic Life Cover

    This is a pure term insurance plan. It comes with the option of a regular premium payment.  In the event of the sudden demise of the policyholder, the plan offers financial protection to the family of the insured.

  • Max Life Online Term Plan Life Cover + Monthly Income

    This plan offers financial security to the policyholder and his/her loved ones in case of his/her sudden demise. The death benefit amount can be used to pay for major liabilities like purchasing a car, funding the child’s education, home loan, marriage, etc.

    Additionally, it provides the monthly payout that can be used to take care of the daily expenses of the family like school fees, groceries, etc. All in all, it ensures that the insured’s family is able to maintain a good lifestyle.

  • Max Life Online Term Plan Life Cover + Increasing Monthly Income

    In case of sudden demise of the insured, this plan offers a lump sum amount as the death benefit. Apart from that, it provides a monthly payout for the next 10 years. The monthly payout can be used to meet various expenses like school fees, groceries, etc.

    Even after considering the inflation rate, the plan ensures that the insured’s family is able to maintain a good lifestyle

  • Max Life Super Term Plan

    Under this plan, the life cover increases at the rate of 5% on an annual basis. However, it doesn’t affect the premium rates.

    The plan helps insured’s family cope up with rising inflation rate.

  • Max Life Premium Return Protection Plan

    The plan safeguards the financial future of the policyholder’s family against various uncertainties. In case the policyholder survives the policy tenure, it offers the benefit of return of premium payment at the end of the policy term.

ULIP Plans

These are insurance cum investment plans that help to fulfill the goal of wealth generation. The plans offer much-needed flexibility to manage the investment.

Plan Name Entry Age (Min-Max) Maturity Age Policy Term
Max Life Fast Track Super plan 18 years - 60 years(5 Pay and Single Pay), 50 years( For Regular Pay) 70 years 5 pay- 10 years Single pay- 10 years Regular pay- 20 years
Max Life Platinum Wealth Plan  Single pay/ Limited pay/Regular pay- 18 years - Single pay/ Limited pay- 60 years & for Regular pay- 55 years  Single pay/ Limited pay- 70 years Regular pay- 65 years 10 years and 20 years
  • Max Life Fast Track Super plan

    Under this plan, the policyholder gets the opportunity to invest in the market with multiple fund options and get good returns on investment.

  • Max Life Platinum Wealth Plan

    Under this plan, the policyholder gets a chance to maximize his/her wealth through market-linked returns. The plan offers an access to additional wealth boosters to fulfill the goal of wealth generation.

Pension Plans

Pension plans help the policyholder to save for his/her old age. With the help of these plans, the policyholder can enjoy the golden period of his/her life

Plan Name Entry Age (Min–Max) Vesting Age Policy Term Sum  Assured (Min–Max)
Max Life Forever Young Pension Plan 30 – 65 years 50 - 75 years 50 - 75 years (less entry age)   Rs 25,000 p.a. – No Limit
Max Life Guaranteed Lifetime Income Plan 50 – 80 years - - -
Max Life Perfect Partner Super 91 days - 55 years - 10 years, 15 years and 20 years Rs.50,000 - No upper limit
  • Max Life Forever Young Pension Plan

    The plan helps the policyholder to save for his/her retirement Life. This plan provides the policyholder access to additional annuity plan benefits which safeguards his/her family against unseen eventualities.

  • Max Life Guaranteed Lifetime Income Plan

    This is a pure non-participating immediate annuity plan that offers a regular flow of income to insured after retirement. Under this plan, the company provides 4 annuity options to choose from:

    • Single life annuity

    • Single life annuity with return of premium on the demise of the annuitant

    • Joint life annuity

    • Joint life annuity with return of premium on the demise of the last survivor

  • Max Life Perfect Partner Super

    This is a traditional money back policy which is particularly designed to cater to the expenses of the individual post-retirement. The plan offers guaranteed annual money backs to the policyholder after retirement. Additionally, it provides life protection to the insured’s family.

    The plan comes with an option of limited premium payment. It offers tax exemption on the premium amount and maturity benefit under section 80C and 10(10D) of the Income Tax Act, 1961.

Child Plans:

Child plans help the policyholder to accumulate and plan his/her finances in such a way that helps him/her to fulfil his/her child’s dreams and aspiration.

Plan Name Entry Age (Min–Max) Maturity Age Policy Term Sum Assured (Min–Max)
Max life Future Genius Education Plan 21 – 45 years 66 years 18 years Rs.3,27,000 (8 pay variant), Rs.2,12,000 (For Limited Pay)-No upper Limit
Max Life Shiksha Plus Super Plan 21 – 50 years For 5 pay- 60 years For regular pay- 65 years 10,15 and 20 years 10 times the annualized premium
  • Max life Future Genius Education Plan

    This is a participating non-linked life insurance plan. This plan is specifically designed to cover the financial expenses of the child. The plan benefits help to look after the higher education costs with the help of disciplined savings.

    The policyholder can select the policy tenure and premium payment tenure of the plan, depending on the education needs of their children.

  • Max Life Shiksha Plus Super Plan

    This is a ULIP plan offered that provides enhanced protection to the insured child. Under this plan, the policyholder can secure funds for his/her child’s future so that he/she can achieve the major milestones of his/her life.

    This is an investment come protection plan that invests half of the premium amount in equity-linked savings schemes, whereas, the other half is invested in life protection.

Savings and Income Plans

These plans help the insured to save systematically and achieve his/her life goals by providing a comprehensive coverage.

Plan Name Entry Age (Min–Max) Maturity Age Policy Term Sum Assured (Min–Max)
Max Life Whole Life Super 18 – 50 years - Up to 100 years of Life Insured Rs. 50,000 - No upper limit
Max Life Guaranteed Income Plan 25 – 60 years  67 years 6- 12 years Rs.4,51,226 (6 years policy term), Rs.2,73,986(12 years policy term)- no upper limit
Max Life Gain Premier 18 – 55 years For policy term 15 years-  70 years For policy term 20-25 years- 75 years 15 years and 20 years Rs.50,000 - No upper Limit
Max Life Monthly Income Advantage Plan 18 – 50 & 55 years 75 years, and 77 years 22 years and 25 years Rs.3,24,000 (For 12 pay variant), Rs.4,05,000 (For 15 pay variant) - No upper limit
Max Life Assured Wealth Plan 8 – 55 years 65 years 10 years Rs.1,97,460 - No upper limit
Max Life POS Guaranteed Benefit Plan 18 – 50 Years 60 Years 10 Years Rs.97,593 – Rs.7,31,978
  • Max Life Whole Life Super

    This is a savings plan of max life insurance. It helps to create a financial cushion in a long-term. As a whole life protection plan, this plan offers guaranteed protection to the insured until the age of 100 years. The plan also provides accrued bonus facility depending on the needs of the insured.

    With the limited premium payment option, the plan also provides additional rider benefits. The riders can be bought to enhance the coverage of the plan.

  • Max Life Guaranteed Income Plan

    This is a savings plan which provides the dual benefits of life protection along with the guaranteed payout as monthly income for a period of 10 years. Moreover, the monthly income is doubled during the last 5 years of the policy period. The plan also offers terminal bonus after the completion of the policy period. 

  • Max Life Gain Premier

    This is a traditional participating endowment plan. It provides an opportunity to create a financial cushion through systematic savings. The plan offers a flexible bonus option. Depending on his/her requirements, the insured can enhance the policy coverage with the help of additional rider benefits offered under the plan.

  • Max Life Monthly Income Advantage Plan

    It is a limited premium payment policy that provides life coverage up to the tenure of 25 years. After the completion of the premium payment tenure, the plan provides a guaranteed monthly income for 10 years. Moreover, the plan offers a comprehensive insurance coverage along with the rider benefit.

  • Max Life Assured Wealth Plan

    This is a non-participating, non-linked life insurance plan. It provides a guaranteed return on investment to meet the saving goals of the individual. The plan provides an opportunity to create a corpus by saving systematically.

    Note- In order to get the insurance plan that suits you the most, you can compare various Max Life insurance plans.

  • Max Life POS Guaranteed Benefit Plan

    An easy to understand and purchase savings and income plan that offers guaranteed benefits to make sure financial security. The plan offers guaranteed death and maturity benefits. The premium payment term of this policy is fixed and short that helps to build the desired amount for dreams quickly. The plan is easy to understand and simple to purchase.

Best Max Life Insurance Plans

Max Life Insurance Plan Name Plan Type Policy Term Entry Age Maximum Maturity Age Premium Paying Term
Basic Life Cover Online Term Plan 10 – 40 years 18 – 60 years 75 years Regular
Super Term Plan Term Insurance Plan 10 – 35 years 18 – 65 years 75 years Regular
Shiksha Plus Super Unit-linked Child Insurance Plan 10, 15, 20 years 21 – 50 years 65 years Limited 5 pay/Regular
Guaranteed Lifetime Income Plan Traditional immediate Annuity plan (retirement plan) N/A 50 – 80 years N/A Single pay
Forever young Pension Plan Unit Linked Pension Plan 10 years – 75 years minus age at entry 30 – 65 years 75 years Regular
Fast Track Super Plan Unit Linked Insurance Plan 10 years for 5 pay/single pay; 20 years for regular pay 18 years – 50/60 years 70 years Single, 5 pay, 20 years regular pay
Monthly Income Advantage  Plan Traditional participating Money Back Plan Premium paying term plus 10 years 18 years – 50/55years 77years(12 pay plan)/ 75 years (15 pay plan) 12 pay variant/ 15 pay variant (regular pay)

Max Life Insurance Plans for Senior Citizens in India

The Max life insurance plan for senior citizens are specifically designed to provide them financial coverage against any type of eventuality. These plans offer the flexibility to choose the coverage and tenure of policy and can be availed easily online.  Keeping the requirements of the senior citizen in mind, there are different retirement plans offered by the company to secure the financial future of the individual after retirement. The policy buyers can compare these plans online and choose the most beneficial plan as per their requirement and suitability. Let’s take a look at the various retirement plans for Senior Citizens.

Plan Name Entry Age Policy Term Vesting Age Premium Payment Term
Max Life Forever Young Pension Plan 30 years/ 65 years 20 years 55 years/75 years 20 years
Max Life Guaranteed Lifetime Income Plan 45 years/80 years N/A 46 years/90 years N/A
Max Life Perfect Partner Super 91 days/55 years, 50 years, 45 years 75 years- age at entry of the life insured N/A 7, 10,15 or 20 years

Max Life Insurance Plans for Child

To secure the financial future of the child, Max Life Insurance offers child insurance plan for insurance seekers. A child insurance plan is a combination of insurance and investment, which ensures a financially secured future for the child. Moreover, these plans also provide flexible payouts at major milestones of the child’s life like for higher education, marriage, etc. let’s take a look at the child insurance plan:

Plan Name Entry Age Maturity Age Policy Term
Max Life Future Genius Education Plan 21years/45 years 66 years 13 years-21 years
Max Life Siksha Plus Super 21 years/50 years 60 years or 65 years 10 years, 15 years and 20 years

Max Life Insurance Riders:

Add-on rider benefits are used to enhance the coverage of the policy. The riders can be purchased by the policyholder by paying extra premium along with the basic premium of the policy. Let’s take a look at the rider benefits.

  • Comprehensive Accidental Benefit Rider (CAB Rider)

    Under this rider option, an extra sum assured amount is paid to the beneficiary of the policy in case of accidental demise or dismemberment of the policyholder.

  • Waiver of Premium Plus

    Under this rider option, all the future premium of the policy is waived off in case of critical illness, death or dismemberment of the insured person. If the insured person and policyholder is the same then the waiver of future premium is provided to the nominee in case of diagnosis of specific critical illness or dismemberment. In case the insured person and policyholder are different then the waiver of future premium is provided to the nominee in case of diagnosis of specific critical illness, dismemberment, or death of the policyholder.

  • Critical Illness Rider

    Under this option of rider benefit, a lump-sum amount is paid to the insured on the diagnosis of critical illness as listed in the plan document.

  • Partner Care rider

    The partner care rider can be added to the life insurance plan to provide extra protection to the dependents in case of death of the insured person. Under this rider option, all the future premiums of the policy are paid to the nominee by the insurance company in the event of the death of the insured during the tenure of the plan.

Exclusion of Max Life Insurance Plan

If the life assured, sane, or insane commits suicide with 12 months from the date of policy initiation or from the date of renewal of the policy, then no death benefit will be offered to the beneficiary and the policy shall be terminated immediately. In such cases, only 80% of the total premium paid till date is returned to the nominee of the policy.

You may also like to read: What is an Annuity | Types of Annuity

How To Claim Max Life Insurance? 

Max Life Insurance provides a convenient and hassle-free claim intimation and settlement procedure. The insurance company process claims by ensuring that the amount of claim is received by the family members easily and quickly. A dedicated and committed claims officer is assigned for every Max Life death claim to guide applicants through every phase of the claim procedure. The company has a claim settlement ratio of 99.35% as per IRDAI Annual Report 2020-21. 

Online Max Life Claim Settlement Process 

Max Life Insurance has three quick and hassle-free claim settlement procedures. The procedure is as follows: 

  1. Step 1: Intimation of Claim 

    The nominee should intimate the insurance company about the claim in written form. Enter the information about your claim on the official website of Max Life Insurance. Fill in the required information like policy number, claim information, details of a claimant, policyholder details, and contact information of the claimant. The nominee or beneficiary can get the claim intimation form by visiting the nearby branch of the Max Life Insurance or you can also download it from the insurer’s official website. 

  2. Step 2: Documents Submission 

    After submitting all the required information, it is important to upload all the documents with the provided details. The nominee is required to provide a few documents to the insurer such as the death certificate, age of the policyholder, policy documents, and any other documents requested by the insurer. 

  3. Step 3: Settlement of claims 

    According to IRDAI, the insurer is required to settle the Max Life Insurance Claim within 30 days of receiving the receipt of the submitted documents. However, in some of the scenarios, the insurer needs further investigations. In these situations, the insurer has to finish the entire process within six months from the date of getting the written intimation notice. 

Offline Max Claim Settlement Process 

Apart from the online facility, Max life insurance also provides an offline facility to request claims at the nearest branch office of the company. The procedure is as follows: 

  1. Step 1:

    Claim Registration of Max Life Insurance and Submission of Documents To request a Max life insurance claim at the nearest branch office of the insurer, the nominee is asked to register the claim and submit all the required information so that the Max life claim can be processed quickly and conveniently in the future. 

  2. Step 2: Evaluation of Max Life Claim 

    After the complete registration of the claim and submitting all the relevant documents, the claim is then evaluated by the claim assistance staff. 

  3. Step 3: Claim Settlement of Max Life 

    A decision will be made and the claim will be settled depending on the claim assessment 

Documents Required to Claim Insurance with Max Life Company 

In case of a death claim, the client is required to submit the following documents: 

  • Attested or original copy of Death certificate that is issued by the local municipal

  • NEFT Mandate application attested by the bank personnel

  • Canceled cheque or passbook of bank account 

  • Death claim form i.e., Form-A 

  • Photo ID Card of Beneficiary such as passport, Voter ID, PAN card, Aadhar card 

Additional Documents 

These additional documents are required to submit as per the death cause: 

  • Natural/Medical Death 

  • Statement of Attending Physician 

  • Medical reports such as Discharge or death summary, test reports, admission notes 

  • Unnatural/Accidental Death 

  • FIR (First Information Report) or Police Complaint or Panchanama 

  • Post mortem report copy, viscera, and Autopsy report 

  • Charge sheet or Final Police Investigation Report (FPIR)

Documents Required For Group Claims 

A customer is required to submit the following documents to intimate a group claim under different categories: 

  1. Employer-Employee Plans 

    • Claim Application 

    • Attested or original copy of death certificate allotted by local municipal authorities 

    • NEFT Mandate application to be filled by policyholder/nominee along with the canceled cheque copy in which the account holder’s name is mentioned or bank account passbook copy 

  2. Non-Employer Employee Plans 

    • Certificate of Insurance 

    • Copy of Attested/Original death certificate allotted by Local municipal authority 

    • Claim application

    • NEFT Mandate application which is attested by bank experts along with a bank passbook and a canceled cheque 

    Here are some of the additional documents which are needed to submit on the basis of death cause: 

  3. Natural/Medical Death 

    • Form C i.e., Statement of attending physician 

    • Medical Documents such as discharge or death summary, admission notes, test reports, death summary 

  4. Unnatural/Accidental Death 

    • FIR Copy/Police complaint/Panchanama

    • Copy of Post Mortem Report/viscera/autopsy report 

    • Copy of FPIR/charge sheet 

Max Life Claim Settlement Ratio 

Claim Settlement Ratio (2016-17) Claim Settlement Ratio (2017-18) Claim Settlement Ratio (2018-19) Claim Settlement Ratio (2019-20) Claim Settlement Ratio (2020-21)
97.81% 98.26% 98.74% 99.22% 99.35%

Max Life Insurance - FAQs

  • Ans: For surrendering the policy, the policyholder has to submit the reason(s) for surrender and surrender form at the nearest branch of Max Life Insurance and should submit the below-mentioned documents:
    • A canceled cheque that has the name and the account number of the policyholder on it.
    • Original documents of the policy.
    • If the canceled cheque does not have the name of the policyholder, his/her account number, or the number of the new account is mentioned on it, then the copy of the passbook or bank statement that has the account number and pre-printed name of the policyholder is needed.
    • Any ID proof such as Aadhar card, PAN card, Voter ID, or Driving License.
    • Latest contact details of the policyholder.
    • Policy cancellation or surrender form.
    • NRE bank statement reflects any premiums that are paid through the NRE account.
  • Ans: A policyholder can select any of the below-mentioned options to pay the premium of his/her Max Life Insurance policy online:
    • Online Payment Through the Website of Max Life Insurance: Through this option, a policyholder can pay the premium for his/her Max Life Insurance policy in two simple steps:
      • Choosing the preferred premium payment mode, which can be Credit Card (Visa, Master, Diners, Amex), Net Banking, EMI on Cards, Debit Card (Master, Visa, Rupay), UPI, and cards/ wallet.
      • And then filling all the information that is asked on the website of the company and then making the payment.
    • Online Payment by Using Internet Banking (RTGS/ NEFT): A policyholder can log in to his/her bank’s website and select RTGS/ NEFT for making the premium payments. For the same, he/she should provide the following details:
    Name of the Beneficiary Max Life Insurance Company Limited
    Credit Account Number of Beneficiary 1165 (Followed by the number of the policy)
    IFSC Code of Beneficiary Bank HSBC0110002
    Bank Name of Beneficiary HSBC Limited
    Name of the Branch Barakhamba Road, New Delhi, 110001

    • Online Payment Via PhonePe/ Paytm/ Airtel Money and Google Pay: For paying the premium through any of the mentioned methods, a policyholder has to visit the below-mentioned sites and add his/her date of birth and policy number for completion of the payment.
      • For PhonePe: https://www.phonepe[.]com/en/
      • PayTm: https://paytm[dot]com/incurance-premium-payment/max-life-insurance
      • Airtel: https://www.airtel[dot]in/wallet/register
      • Google Pay: https://payments.google[dot]com/
    • Pay Via Service of Instapay Through the Website of Bank
    • Pay Via Phone: A policyholder can make the payment of the premium by dialing the IVR 24*7 at this number – 1860 – 120 – 5577. One can as well get to know the following information via IVR:
      • Status of Payment
      • Due Date
      • Receipt of Payment
      • NAV
      • Address of Local Office

    The IVR support of the company is available in different languages, English, Punjabi, Hindi, Gujarati, Marathi, Kannada, Telugu, Tamil, Malayalam, and Bengali.

    • Auto Debit Option:
      • Payment via Credit Card Standing Instruction: The auto-debit feature enables a policyholder to give a standing instruction to his/her credit card (Master/Visa card) for giving automatic payment of the premium before the due date. To register his/her credit card, the policyholder can make a transaction of Rs.2 through the following link with the credit card – https://www.techprocess[.] in/MaxLifeSllntegration/Policy.aspx
        • This Rs.2 transaction is refundable.
        • A confirmation through SMS or email is sent to the registered mobile number or email id as soon as the credit card gets registered.
        • This feature of standing instruction is available for Master and Visa credit cardholders only.
      • Payment via Direct Debit/ ECS/ NACH: A policyholder can opt for the feature of ECH/ NACH/ Direct Debit for automatic debit of the premium amount from the chosen bank account of the policyholder on his/her selected date. The policyholder has to fill the Direct Debit/ ECS/NACH Mandate Instruction form after verifying his/her bank details and send this form to Max Life Insurance Company with a canceled cheque at least 30 days before the next due date of the premium. One can send these documents by any of the following means:
        • Visiting any of the branch offices of the Max Life Insurance Company.
        • Handing this to the advisor appointed to him/her by Max Life Insurance Company.
        • Mailing these documents to the below-mentioned address:
          • Mandate Desk, Max Life Insurance Company, Operations Center, 3rd Floor, 90A Sector 18, Udyog Vihar, Gurugram – 122015.
        • Payment via EBPP: The full form of EBPP is Electronic Bill Payment Process. It is an automatic facility wherein the premium of the life insurance policy is automatically debited from the bank account of the policyholder on the due date. To get registered for this facility, one has to select one of the below-mentioned service providers and complete the process of registration with it:
          • Bill Desk
          • Tech Process
  • Ans: A policyholder can check the status of his/her Max Life Insurance policy through any of the below-mentioned methods:
    • Check Status Online: The policyholder has to follow the below-mentioned steps to check the status of his/her life insurance policy online:
      • Log on to the official website of Max Life Insurance.
      • Locate the ‘Customer Service’ tab and click on it.
      • After this a drop-down menu appears with the below options:
        • Pay Premium
        • Track Application
        • Update Personal Details
        • Change Nominee
        • View Policy Details. Etc.

    Click the 'View Policy Details' option.

    • Clicking this option takes the policyholder to a separate page wherein the policyholder has to enter his/her phone number or policy number along with his/her date of birth.
    • After this click the ‘Submit’ button to view the status of the policy.
    • Other Methods to Check the Status of Policy: One can follow any of the methods to get the status of the policy:
      • By Email: A policyholder can send his/her queries by emailing the help desk of Max Life Insurance Company at service.helpdesk[at]maxlifeinsurance.com
      • By Call: One can check the details of his/her policy by calling the helpline number of Max Life, which is 18601205577 from Monday to Saturday from 9 AM to 6 PM.
      • Visiting a Nearest Branch of Max Life: One can visit any of the nearest branches of Max Life Insurance Company and check the status of the policy from there.
      • Using the SMS Service: For getting the status of the policy, a policyholder can send an SMS with the relevant code to this number – 5616188.
    Short Code Details
    NAV
    PR Premium Receipt’s duplicate
    Status Policy status
    Due date Policy due date
    LAP Last amount that is paid
    US Unit statement
    FV Fund Value
    CS Premium paid certificate
  • Ans: A policyholder can use any of the below-mentioned options to link his/her Aadhar card number to his/her Max Life Insurance policy:
    • Option 1: The policyholder has to SMS his/her Aadhar Number followed by his/her Policy Number and then send these details to 5424243.
    • Option 2: Send an email to helpdesk[at]maxlifeinsurance.com.
    • Option 3: Call Max Life Insurance at 1800 – 200 – 5577.
    • Option 4: Go to the nearest branch of the Max Life Insurance branch for updating the details of Aadhar Card.
  • Ans: A policyholder can change the nominee anytime during the period of benefit of an active life insurance policy. One can do the same by filling out the request form for the policy amendment. If the policyholder has not provided the name of the nominee during the application process of the policy, then he/she should provide the name of the nominee for easy claim settlement.
  • Ans: For the same, all one has to do is to log on to the customer portal of the Max Life Insurance Company and download the receipt of the premium from there. One can as well call the customer care helpline number of the company, which is 1860 – 120- 5577, or send an email to the company at service.helpdesk[at]maxlifeinsurance.com. The company sends across all the required documents within two working days.
  • Ans: For the policyholders who have opted for Unit Linked plans of Max Life Insurance, policy statements are sent to them from time to time to keep them informed on their policy fund performance. The policy fund value is reflected on the anniversary date of the policy. However, a policyholder can also visit the policy fund performance section to view the performance of his/her policy.
  • Ans: A policyholder can change the address by filling out a policy amendment request form with his/her address proof (if the cumulative premium of all the active policies is more than Rs.10, 000 including all the cess, taxes, and levies as per the Government).
  • Ans: The head office of Max Life Insurance is situated in New Delhi.
  • Ans: Max Life Insurance Company started its operation in the year 2009.
  • Ans: If the policyholder wants to surrender the policy then he/she can surrender the max life insurance policy to the nearest branch office. The policyholder needs to fill the surrender form and submit it along with the required documents to the nearest branch office.
  • Ans: Yes, you can apply for Max Life Insurance policy online.
  • Ans: If the policy is active, then upon the anniversary of the policy the change of the premium payment mode is possible. Anyone who wishes to avail this can do so by signing the form and sending it to the insurance company.
  • Ans: Yes, the premium payment can be collected from the house by an executive of Max Life Insurance within seven days from the requested date that has been placed. It is to be noted that this facility is provided in selective cities. Moreover, the request for the premium payment can also be done through our customers' support.

    You need to dial 1860-120-5577 that is a toll-free number and drop a mail to: service[dot]helpdesk[@]maxlifeinsurance[dot]com

  • Ans: The reminders will be sent by Max Life Insurance before the amount is debited from the source account. This is done to ensure that the account has a sufficient sum to be debited.
  • Ans: The official receipt will be shared with you once it is substantiated the premium payments have been made to the insurance company regularly and the policy is active.
  • Ans: By writing a request to the nearby branch of Max Life Insurance you can easily cancel this facility.
  • Ans: As prescribed within the policy contract, the policy can be revived under the period of revival. All you need to do is send in a completed health declaration form and provide proofs of insurance acceptability as mentioned in the company's practises of underwriting. In case of any unpaid or overdue premiums, the charges need to be paid.
  • Ans: Listed below are the documents that need to be submitted to process the maturity claim:
    • The original pack of policy
    • A copy of identity proof
    • Form M
    • A cancelled cheque in case of NEFT with a pre-printed copy of the passbook of the bank that is attested by the bank on details of the account in Form M.
  • Ans: Once the policy pack is delivered to the respective customer the freelook period is initiated for the policies that have been bought offline or online. The freelook period for the offline policies is 15 days whereas in the case of online policies it is 30 days.

    Anyone who wishes to cancel the Max Life Insurance policy should follow the below process:

    • Avail the freelook cancellation letter of the form.
    • Visit the nearest branch of the insurance provider in case you had purchased the policy offline. In the case of on an online case use the registered email id.
    • Furnish the printed copy of cheques that are cancelled with account number and name. In case it is not printed, then a copy of the statement of the bank passbook along with the details of the account holder. Next, also furnish the original policy pack.
    • The self-attested identity evidence.
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Max Life Insurance Reviews & Ratings

4.1 / 5 (Based on 158 Reviews)
(Showing Newest 10 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.
Himesh
Mandal, March 10, 2021
Choose the best
I have chose one of the best plan for my life insurance policy. I availed the max life insurance plan years back from the website of the policybazaar. It has been a great way for me and my family.
Aman
Panipat, March 09, 2021
Better plans
I have got the one of the best life insurance plan from the policybazaar and it was of max life insurance. I found this plan very amazing and up to my needs and wants. You can able to see better and required plans into the website. Thanks 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.
Rashid
Bhikiyasen, March 02, 2021
Fulfil the requirement
My term insurance plan has fulfilled my and my family requirements. It has so many additional features which will make my term plan worth it. I got the max life term insurance policy. Great team.
Varun
Barwani, February 19, 2021
Survival plan
I have got the survival plan when I bought this max life term insurance policy from the policybazaar. I checked few plans into the website and found this amazing plan. I am thanks to team policybazaar.
Vaibhav
Bahraich, March 19, 2019
Offers choices of funds
I am writing this to share the attractive plans about max ulip plan as it offers all choices of funds. I experience that each funds represents different criteria.
Lalit
Ambala, October 17, 2016
Above Average
Good to have ulip insurance policy, the insurance is low in budget and service given by the executives and staff members of the insurance company is fast and on time. The benefits are more and the premium is less. Easy claims, less paperwork.
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