Max Life Term Plans

Max Life Insurance Company offers a range of term insurance plans to its customers. These plans offer financial support to families if the policyholder dies within the policy period. Some important features of Max term plans include the monthly income for families, cover for housewives, extra protection in case of accidents, etc. 

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Max Life Term Plans

Max Life Insurance Company offers a range of term insurance plans to its customers. These plans offer financial support to families if the policyholder dies within the policy period. Some important features of Max term plans include the monthly income for families, cover for housewives, extra protection in case of accidents, etc. 

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Policybazaar is a Platinum Premium Partner for Max Life
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Policybazaar is Certified Platinum Partner for Max Life Insurance

What it means for our customers?

Hassle-Free Service

Seamless Policy Issuance

Dedicated Claims Assistance Program

Why Buy Max Life Term Insurance

Max Life term insurance plan provides financial protection to the family to deal with the financial impact after losing a dear one. It also helps the family in paying off the loans and debts such as home loans and car loans. Following are a few reasons why buying Max Life term plans is important:

Option to take all your premiums back (Free feature)
Option to skip paying premium for a year and still stay covered. 2 premium breaks allowed
Highest Claims Settlement Ratio of 99.35%
24 hr claims settlement with dedicated Claims Relationship Office
Covers death due to any pandemic such as COVID-19
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Max Life Term Insurance Plans

Max Life Insurance Company offers different types of Max Term Insurance Plans to fulfill the requirements of insurance seekers. Let us take a look at term insurance plans offered by Max Life Insurance Company:

Critical Illness Covered Under Max Term Insurance

Critical illness insurance, often called critical illness insurance cover provides insurance benefits you receive to deal with life-threatening critical ailments and several lifestyle illnesses. Critical health problems such as Kidney failure, stroke and cancer that need comprehensive treatment that can disturb your finances are covered in the critical illness insurance in addition to the base term policy, which provides a life cover. Following is the list of illnesses covered in Critical Illness Insurance:

Cancer of specified severityFirst heart attack – of specified severity Open chest CABG
Open heart replacement or repair of heart valvesComa of specified severityKidney failure requiring regular dialysis
Stroke resulting in permanent symptomsMajor organ / bone marrow transplant Permanent paralysis of limbs
Motor neuron disease with permanent symptomsMultiple Sclerosis with persistency symptoms
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Max Life Term Insurance Riders

Term Riders or add-ons are additional benefits that you can add to your base term insurance plan to enhance its coverage. At the time of adding rider benefits to your base plan, you need to pay an additional premium amount. In other words, riders aim to strengthen a life insurance plan with a number of benefits, apart from its base offerings.

Following is a list of riders that includes different riders offered by Max Life Insurance;

Get your premium for free - if cover till age is 70 and aboveGet your premium back at age of years (paid)
Early payout on Terminal illness (free)Option to skip your premiums (paid)
Extra payout on accidental death (paid)Waiver of Premium (paid)
Cover against 64 Critical Illnesses (paid)
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How Much Cover I Need?

HLV helps estimate the amount that would be needed to provide financial protection to your loved ones in your absence. Insurance experts suggest a term life insurance cover, should be at least 15 to 20X your current annual income. 

For eg. If your current income annually is Rs. 10 lakhs per year, it would be important to buy a term plan with Rs. 2 Crore sum. This amount will help your family in meeting their yearly expenses in spite of growing inflation and managing their current living standards. 

Here, you can easily calculate the right term insurance cover amount for your family’s future requirements using HLV (Human Life Value) calculator. HLV calculator is an online tool that helps recognize an individual’s needs based on liabilities, investment and income expenses. In addition, it helps evaluate the amount your family would require to spend their life without any financial difficulties in your absence.

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Choosing the Max Term Insurance Plan with the Right Sum Assured Option

One of the crucial factors to choose the Max Life Term Insurance plan for the financial security of the family is deciding the right sum assured. Here is a list of plans of different sum assured option.

Max Life1 Crore
Term Insurance
Max Life2 Crore
Term Insurance
Max Life5 Crore
Term Insurance
Max Life75 Lac
Term Insurance
Max Life70 Lac
Term Insurance
Max Life50 Lac
Term Insurance

Term Insurance Premium Calculator

Our term life insurance calculator in india can help you calculate the following:

Know more about Max Life Term Plans

Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in

Types of term plans

Policybazaar offers the following types of term insurance plans to fit the different needs of Individuals from all walks of life.

Choose Term Insurance Plan as per you need

Plans starting from @ ₹473/Month*
Term Insurance
1 Crore Term Insurance
Term Insurance
2 Crore Term Insurance
Term Insurance
4 Crore Term Insurance
Term Insurance
5 Crore Term Insurance
Term Insurance
6 Crore Term Insurance
Term Insurance
7 Crore Term Insurance
Term Insurance
7.5 Crore Term Insurance
Term Insurance
8 Crore Term Insurance
Term Insurance
9 Crore Term Insurance
Term Insurance
15 Crore Term Insurance
Term Insurance
20 Crore Term Insurance
Term Insurance
25 Crore Term Insurance
Term Insurance
30 Crore Term Insurance
Term Insurance
15 Lakh Term Insurance
Term Insurance
60 Lakh Term Insurance
Term insurance articles

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Max Life Term Plans Reviews & Ratings

4.3 / 5 (Based on 99 Reviews)
(Showing Newest 10 reviews)
Eca
Telangana, July 22, 2024
At Policybazaar
At PB website I ended up purchasing a term life insurance policy that I am very happy with.
Sundar
Jharkhand, July 22, 2024
Reliable Term Insurance
I highly recommend PolicyBazaar to anyone looking for reliable insurance options.
Pratap
Maharashtra, July 22, 2024
Recommendable PB
Highly recommend PolicyBazaar for insurance needs.
Aamir
Chhattisgarh, July 22, 2024
Easy and Hassle Free Process
As a busy professional, I needed a quick and hassle-free solution. Policybazaar helped me find Bajaj Allianzs Smart Protect Goal plan. The high coverage and low premium were impressive, and the process was incredibly smooth and straightforward.
Bablu
Gujarat, July 22, 2024
Secure and Affordable
HDFC Click 2 Protect Super Term Plan offered me high coverage at an affordable price. As someone who recently started a small business, this plan ensures my family is protected without straining my finances.
Akash
Maharashtra, July 22, 2024
Easy and Simple
Easy and simple platform on Policybazaar helped me pick Tata AIA for its comprehensive coverage.
Nitin
Haryana, July 22, 2024
Secure and Clear
Secure and clear coverage for my family with ICICI Prudential via Policybazaar. Its comforting to know they are protected.
Silender
Punjab, July 22, 2024
Fast and Reliable
Fast and reliable service from Policybazaar helped me select Bajaj Allianz without any delays.
Yogita
West Bengal, July 22, 2024
Time Saving
Saved a lot of time with Policybazaar. Chose Bajaj Allianz quickly and easily.
Manoj
Gujarat, July 22, 2024
Helpful Guidance
Policybazaars guidance led me to the best term insurance plan from Bajaj Allianz.
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