Max Life Smart Secure Plus Plan

Financial protection is one of the fundamental requirements that every individual wants when thinking about their prospects. In such cases, a plan has required that cater to your needs and provides comprehensive security and protection. Max Life Smart Plus Plan is the one-stop solution to all your problems that helps in creating an inclusive financial plan.

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Upto Rs. 46800
Life Cover Till Age
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8 Lakh+
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*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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What is Max Life Smart Secure Plus Plan? 

As the economy is changing rapidly, the challenges to managing the growing expenses are also increasing. A contingency plan is also important to accommodate the financial requirements of the family. Max Life Smart Secure Plus Plan comes as a savior that creates a financial cushion around your family, thus easily accommodates any such changes required. 

The Max Life Smart Secure Plus is specifically designed to fulfill all financial needs and provide reliable support in case of emergencies. Max Life Smart Secure Plus plan is a non-linked non-participating life insurance plan that offers amazing and unique benefits such as death benefit and other inbuilt benefits that include terminal illness cover and a special exit value. This special exit value is only applicable for NROP (pure protection) and the policy term 40 and above. This term plan also provides joint life cover, premium breaks, additional payouts on accidental death. So, it is a comprehensive protection plan that is customized as per their customer’s preferences. 

Why Max Life Smart Secure Plus Plan? 

The cost of all the necessities is rising with every passing year and the pressures to life are also increasing at the same time. Nowadays, having life insurance is a necessity for your family and it prepares you for any sort of uncertainties. As we have discussed, a plan protects an individual against certain financial troubles such as job loss, income loss, the ongoing pandemic. The Max Life Smart Secure Plus Plan is a comprehensive plan due to its multiple features and benefits. 

Listed below are few parameters choose the Max Life Smart Super Plus Plan in 2021: 

  1. Financial Protection 

    The death benefit and other add-on options make this new Max Life term insurance an ideal plan that provides complete protection and security. The plan provides you an option to choose features and benefits that suits your financial requirements. Anyone having immediate dependents should consider investing in the Max Life Smart Secure Plus Plan. 

  2. Flexibility in paying Claims 

    The Max Life Super Secure Plus Plan offers the pay-out flexibility of claims to your nominee to receive the sum assured amount as per their needs in case of an unfortunate event such as the death of the policyholder. One can choose to receive the death benefit in a form of a lump sum or regular pay or both as per the choice of the beneficiary. As the term insurance plans are basic protection plan that protect the family's needs by providing death benefits. Therefore, the multiple pay-out options help in using the money according to their requirements at the right time. 

  3. Critical Illness – The Health Component 

    The New Max Life Term Insurance (Max Life Smart Secure Plus Plan) offer a benefit of terminal illness wherein the person insured is entitled to a sum assured of up to Rs 1 Crore. This is applicable in case of diagnosis of any diseases mentioned in the company’s brochure. This plan also offers critical illness rider and disability riders which can enhance the coverage and provide financial protection to your family. 

Eligibility Criteria 

Entry Age 

Minimum Age – 18 years 

Maximum Age: Regular pay – 65 years 

For pay till 60 – 44 years 

Maturity Age 

Base Death Benefit: 85 years 

ACI i.e., Accelerated Critical Illness -65 years 

Accident Cover- 85 years 

Minimum Annual Premium 

It is subjected to the minimum sum assured as per the applicable premium rates 

Maximum Annual Premium 

No Limit 

Policy Tenure 


Type of Benefit 

Policy Tenure 

Base Cover 

10 - 67 years 

Accidental Critical Illness 

10 - 50 years 

Accident Cover 

5 years to 67 years 

Minimum Sum Assured 

Base Death Benefit – Rs. 20,00,000

ACI – Rs. 5,00,000 (minimum)

Accident Cover Option – Rs. 50,000 (Minimum)

Maximum Sum Assured 

Base Death Benefit – No Limit 

ACI – 50% of a base death benefit 

Accident cover – 1,00,00,000

Modes of Premium Payment 

Annual/Semi-annual/Quarterly and Monthly 

Key Features of Max Life Smart Secure Plan 

There are several plans available in the insurance market. So, choosing the right one for your family is a quite difficult task as the needs of every individual are different. The following are some of the key features of the Max Life Smart Secure Plus Plan: 

  1. Premium Break 

    It is one of the important features where an individual is eligible to take a premium break or break from paying the premium once the policy has completed the term of 10 years. The option of premium break is available for the policies having tenure greater than 30 years and the premium payment term more than 21 years of age. 

  2. Return of Premium 

    In this, 100 percent of the complete premiums are payable with the premium return feature, if in case you lived the policy. Both the base covers are offered across all the policy and premium payment terms (PPT). The plan also assures you to return your money at the policy term end. 

  3. Sum Assured Top-up 

    This plan provides you an option to increase the sum assured at an advanced stage of the policy term. If the chosen sum assured (at the starting of the policy) is more than or equivalent to Rs 50 lakh then this option can be easily exercised after the one-year completion of the policy. The cover can be increased up to 100% of the base sum assured. 

  4. Special Exit Value 

    In this, the individual has the one-time option to leaving the plan along with an exiting benefit of the return of premiums during the time when the option is exercised for the base cover. This is accessible when the policy tenure for the plan is of 40 years or more. 

Additional Features of Max Life Smart Secure Plus Plan 

  1. Discounts 

    The plan offers discounts if the higher sum assured amount is chosen. Discounts are also available for existing or Max Group Employees. 

  2. Lower Premium Rates for females 

    3-year age setback is under the plan over males’ rates for females. This is applicable for all premium payment terms except pay till 60. 

  3. Smoker/Non-smoker 

    The plan offers lower premium prices for non-smokers in comparison to the smokers 

Let’s understand this with the help of an example: 

The table illustrates the premium payable for a non-smoker and smoker of 30 years age and coverage till 70 years paying premium annually under Max Life SSP plan.

Death Benefit

Amount of Life Cover (in Rs.)

Regular Pay (in Rs)

Non- Smoker  


Life Cover 

1 Crore 



Increasing Cover 

1 Crore 



Benefits of Max Life Smart Secure Plus Plan 

Here’s a quick lay down to the benefit of the Max Life Smart Secure Plus Plan: 

  1. Death Benefit 

    If the life assured dies during the policy term, provided the policy-in-force, in such situations, the insurer will pay the guaranteed death benefit to the nominee under the plan. The nominee will get the highest of: 

    • For Single Pay – 1.25 times of the single premium along with the underwriting additional premium (if any)
    • For other PPT – 10 times the annualized premium along with the underwriting additional premium (if any)
    • 105% of complete paid premiums plus underwriting additional premium (if any) plus modal premiums loadings. 
  2. Maturity Benefit 

    When one opts for the return of the premium variant at the time of buying the policy, the individual is eligible to receive the maturity benefit when the policy term is survived. 

  3. Accidental Critical Illness Benefit 

    This benefit offers the cover amount in case of diagnosis of any 40 critical illnesses mentioned in the brochure, providing the policy is active. 

  4. Terminal Illness Cover 

    In case of a terminal illness is diagnosed, 100% of the guaranteed death benefit will be payable, subject to a maximum of Rs. 1 Crore. 

  5. Joint Life Cover 

    In this, both primary life (you) and secondary life (your spouse) are covered. Joint Life is required to be selected at the starting of policy. This includes: 

    If your wife dies or is diagnosed with a terminal illness (whichever is earlier), then a guaranteed benefit of Rs. 10 lakhs will be paid to the beneficiary. 

Additional Rider Benefits 

Max Life SSP plan offers the option to choose from the different riders to enhance their policy coverage. Here are the following riders: 

  1. Waiver of Premium Rider

    This rider will waive off all the future premiums under the plan in case of the following unfortunate events: 

    • Dismemberment 
    • Critical Illness 
    • Death (This will be implied when the policyholder or life insured are individuals. In such situations, the rider benefit will be paid upon the policyholder’s death)
  2. Critical Illness and Disability Rider 

    This rider will provide benefit upon the diagnosis of any critical illness covered. 

Terms and Conditions of Max Life Smart Secure Plus Plan 

Following is some of the important terms and conditions of the Max Life SSP plan: 

  1. Free Look Period

    If a policyholder is not satisfied with the terms and conditions of the policy, the insurer offers 15 days to cancel the policy, if it is purchased online. And 30 days, if sourced through the distance marketing mode. The policyholder will get a refund of the paid premiums, in case the policyholder disagrees with T&Cs. 

  2. Grace Period 

    The grace period of 30 days from the due date of every premium payment is allowed for all premium modes. 15 days is allowed for monthly mode. The plan coverage continues during this period, but if the policyholder dies during the grace period, the company deducts all the unpaid premium. 

  3. Revival of Policy 

    The policy will lapse and no benefits will be paid in case of non-receipt of premiums. The policy can be revived within the revival period of 5 years from the due date of the unpaid premium. 

Exclusions of Max Life Smart Secure Plus Plan 


If the life assured commits suicide within 12 months from the commencement of the policy, then the company will refund the complete premiums paid including the underwriting, and loading for the paid premium modal. 

In case the policyholder chooses to increase the sum assured using the voluntary sum assured top-up option, the suicide clause is going to be applied on the sum assured increased because of the voluntary sum assured top-up alternative.

Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
Average Rating
(Based on 51 Reviews)
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Max Life Smart Secure Plus Plan Reviews & Ratings

4 / 5 (Based on 51 Reviews)
(Showing Newest 25 reviews)
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.
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.
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.
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.
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.
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.
Aallapalli, March 29, 2016
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
Kolkata, February 06, 2016
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
Dehradun, February 06, 2016
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
Ghaziabad, February 06, 2016
I have life policy with max insurance and the policy is really nice with good policy coverage. The claims are twelve lakh rupees. The time period to get claim is few days and the daily update is mailed and texted to my account.
Plan Name: Online Term plan
Agent Code: BBE06765
Navi_mumbai, February 06, 2016
"Not Good"
The policy i have is from max insurance is bad. The number of hospital is large but the service is bad. All service is slow, the policy coverage and claims are none. Bad policy, really disappointed.
Plan Name: Online Term plan
Agent Code: BPW01312
Mumbai, February 06, 2016
"Good One"
I purchase term plan from max life, the policy provide good benefits like low premiums, policy coverage is 70%, claims are high ~Rs.18 lakh, services are very fast. I like the policy, good job guys.
Plan Name: Online Term plan
Agent Code: BBE06895
Bengaluru, February 06, 2016
I have a policy with max life, it is an average policy with low premiums. The policy coverage is 60% and the service is slow that's why the payback amount is not on time. Claim is ~Rs.12 lakh.
Plan Name: Online Term plan
Agent Code: BBE06765
Navi_mumbai, February 06, 2016
Buy insurance by Max life. Really need one because of insecure life in today's world. Policy cover Pretty much high coverage with low premiums. Claims are 90% and the service is best and fast. I Like the policy.
Plan Name: Term plan-Monthly Income
Agent Code: BBE06765
Chennai, February 05, 2016
"Good Policy"
Recently bought insurance from Max life. The service is good with low premiums. Policy coverage is 80% and claims are easy to get approx. Rs.21 lakh. I'm happy with the services you provide.
Plan Name: Online Term plan
Agent Code: BPW01312
Chennai, February 05, 2016
I bought policy by max insurance. Claims are 60% and premium is low. The coverage is less and no free ambulance provided. The service is slow and few hospitals are available at a time. An average policy i say.
Plan Name: Term plan-Monthly Income
Agent Code: BBE06765
Pune, February 05, 2016
"Fine Policy"
Max life gave me very fine policy with good benefits. Policy coverage is attractive with ambulance facilities. Claims are about Rs.19 lakh and premium is low. Fine deal with good service.
Plan Name: Online Term plan
Agent Code: BBE06765
Durgapur, February 05, 2016
The policy i buy has all benefits. Policy coverage is high, even the ambulance is provided and cover the whole treatment. The claims are about 80% with low premiums. Really good prolicy.
Plan Name: Online Term plan
Agent Code: BBE06765
Kolkata, February 05, 2016
I have insurance like every one with max life. Policy provide's great coverage and claims with low premiums. Having great experience yet, the service is good which done on time. Huge number of hospitals are there to provide cure in this policy.
Plan Name: Online Term plan
Agent Code: BPW01312
Nasik, February 05, 2016
"Good Returns"
I have insurance with max life. The premiums are low and the returns are high. The policy coverage is 60% and the claims are 80%. The service is fast enough to done things on time with safety. Good policy.
Plan Name: Online Term plan
Agent Code: BPW01312
Bhopal, February 05, 2016
"Good Benefits"
Max is having great policies in all. I have one, with great benefits. The service is really very fast and on needed time. Policy coverage is good. Claims are high around 90%. Premiums are even low. The good one in all.
Plan Name: Term plan-Monthly Income
Agent Code: BBE06002
Patna, February 05, 2016
"Best for Life"
I have life insurance like every one else. My policy have great terms and conditions. The service you provided is the best and so quick on time. The daily update is send on cellphone. Claims and policy coverage is high with low premiums.
Plan Name: Online Term plan
Agent Code: BPW01312
Raipur, February 05, 2016
I purchase policy with max life. The policy coverage is around 80-89%. Claims are also high approx. Rs. 17 lakhs. The services are really fast with good response. Cashless garages are 90% of the city. Nice insurance with low premiums.
Plan Name: Online Term plan
Agent Code: BPW01312
Delhi, February 05, 2016
Max insurance offer me the finest policy which is so catchy I can't refuse. The customer services is so quick with great resopnse. Claims, policy coverage cashless garages all are highly simple with marvelous services.
Plan Name: Online Term plan
Agent Code: BBE06765
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