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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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 Best Max Term Insurance Plan with the Right Sum Assured Option

One of the crucial factors to choose the best 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 that is best for you.

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
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.

Term insurance articles

Check out the recent and popular articles on term insurance listed below to see what's new in term insurance

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Max Life Term Plans Reviews & Ratings

4 / 5 (Based on 51 Reviews)
(Showing Newest 10 reviews)
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.
Kishan
Uttamnagar, October 17, 2016
Beneficial Policy
The max life term insurance plan i have bought in low premium is fully satisfactory to me. Services provided by the members of the insurance company is fantastic, online renewal facility reduces the paperwork. The updates regarding insurance plan is mailed to me regularly.
Kapil
Amalapuram, September 26, 2016
Fair Insurance
Got max life term insurance plan in less premium. The service is fantastic with 24X7 customer service. Online renewals and updates are on website of the company. Policy covers maximum expenditure and claims are simple to sanctioned.
Hitesh
Greater_noida, July 26, 2016
Max insurance plan
My friend suggest me to buy a insurance policy. After some researching i purchase term insurance plan from max newyork life insurance. The insurance plan is perfect. Even the online portal service is so simple anyone can access it. Good returns in low premiums.
Bhavya
Nainital, July 26, 2016
Term plan
Max life term plan of mine is fantastic which has maximum benefits and high returns in less investments. Policy coverage is high ~89% and the claims are easy to get. Service is fabulous provided by the executives and staff of the company.
RAHUL
Aallapalli, March 29, 2016
EASY CLAIM
GOOD SERVICE
Pankaj
Gonda, February 29, 2016
Good Service
Max life policy is a good policy in Term market. Policy Bazaar is a good supporter for customer. Thanks Policy Bazaar
Deepak
Kolkata, February 06, 2016
"Average"
I have life insurance and the premium is low. The claim is around 19 lakh at the end of the policy. The service is real good and on time. But the claiming process is slow. An average policy.
Plan Name: Online Term plan
Agent Code: BPW01312
Kunal
Dehradun, February 06, 2016
"Superb"
Life secure with max insurance. Service is nice and fast. Policy coverage is 90% and claims are high but the premiums are very less. Around eighteen lakh is amount of payback at the end of policy.
Plan Name: Online Term plan
Agent Code: BPW01312
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