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Max Life Insurance Online Term Plan Calculator

The Max Term Plan Calculator 2024 helps you easily estimate the premiums for your chosen term insurance plan. It is a user-friendly online tool that calculates term plan premiums within seconds. Moreover, the Max Term Plan Calculator allows you to compare premiums amongst term plans of 15+ top Indian insurers, helping you select the plan with the best features and benefits. Let’s understand more about the Max Term Insurance Premium Calculator here.

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Note: Know more about what is term insurance first before reading this article.

Why Should You Use Max Life Online Term Plan Calculator?

Max Life Insurance Online Term Plan Calculator is a free online tool to assist policy buyers in calculating the payable premium amount for a particular premium term and sum assured. This term plan calculator considers factors such as age, gender, life cover, etc., to suggest the best term insurance plan provided by Max Life Insurance at an affordable premium rate.

one crore term plan

Term Plans


Life Cover

@ Starting from ₹ 16/day+


Life Cover

@ Starting from ₹ 8/day+


Life Cover

@ Starting from ₹ 12/day+

What Are The Details Required To Use Max Term Insurance Premium Calculator?

The following are some of the basic details you need to mention while calculating the premium amount of the Max Term Insurance policy:

  • Gender

  • Age

  • Life Cover Amount

  • Policy Duration

How To Use Max Term Insurance Calculator?

To use the Max Term Insurance Calculator 2024, you need to follow the below-mentioned steps:

Step 1: Visit the Term Insurance Calculator Page of Policybazaar

Step 2: Enter your age and gender

Step 3: Enter the chosen life cover and duration of the policy

Step 4: Click on the ‘View Plans’ button and choose the Max Term Plan list available

one crore term plan

Secure Your Family Future Today


Term Plan Starting @ ₹449/month+

Get an online discount of upto 10%+

Compare 40+ plans from 15 Insurers

+Standard T&C Applied

Why Use Max Term Insurance Premium Calculator?

Below are the key uses of the Max Term Insurance Premium Calculator:

  • Max Life Online Term Plan Calculator estimates the premium needed based on your desired coverage for your life insurance plan.

  • Easily compare different term plans offered by Max Life Insurance to find the best fit.

  • Adjust plan parameters, such as life cover, policy terms, and other parameters, to match your needs.

  • Quickly generate premium estimates and identify cost-effective options, saving time and effort.

What Are The Benefits Of Max Term Insurance Calculator?

Here are the key benefits offered by Max Term Insurance Premium Calculator:

  1. Effective Assessment of Plan Benefits and Features

    In case of offline purchases, the policy buyer must manually visit or call the insurance companies to find out the premium rates and other policy benefits. Manual comparison and analysis of plans offered by multiple insurers is not only a tedious task but also prone to an enhanced risk of calculation errors. With the use of Max Life Insurance Online Term Plan Calculator, the comparison of plans and benefits offered by the insurer is easier and more effective. Though this online calculation tool provides a rough figure of the premium values, the calculations are precise and error-free.

  2. Safe and Quick Purchase

    By reducing the risk manual calculation, the Max Life Insurance Online Term Plan Calculator facilitates the policy aspirant to evaluate the plans, choose an affordable plan that satisfies his/her financial requirements, and make the purchase instantly by making payments through online modes such as net banking, debit and credit cards, UPI apps and e-wallets. The buyers are also catered with an instant online purchase receipt that can be furnished as proof for tax exemption.

Wrapping It Up!

The Max Term Insurance Premium Calculator is a valuable tool that simplifies the insurance planning process. By providing personalized estimations of premium amounts, coverage amounts, and policy durations, the calculator helps individuals make informed decisions and select an insurance plan that aligns with their requirements and budget. 

However, it is important to remember that the calculator provides indicative results, and consulting with insurance professionals is advisable to receive personalized advice and understand the complete terms and conditions of the chosen policy. Utilize the Max Life Online Term Plan Calculator to streamline your insurance planning and secure the financial future of yourself and your loved ones.

Note: Check out the best term life insurance in India and choose one that suits your requirements.


  • Q1. Who should purchase term insurance plans?

    A1. A term insurance plan is an important investment for all salaried individuals.

  • Q2. Do I get the insured sum when the policy matures?

    A2. Online or offline term insurance plans do not offer any benefits on the maturation of the plan and if the policyholder is alive till the end of the policy tenure. However, the nominee, as mentioned by the policyholder at the time of purchasing the policy, will get a lump sum amount in case of death or permanent disability, or critical illness of the person insured.

  • Q3. Am I allowed to purchase more than one term insurance plan?

    A3. The policy buyers are permitted to purchase multiple life insurance term plans. You are also free to choose plans either from a single insurance company or multiple companies. Irrespective of the number of policies you own, the maximum life cover offered to you depends on your income, assets, age, and financial liabilities.

  • Q4. Why should I provide the details of my profession while using the Max Life Insurance Online Term Plan Calculator?

    A4. The profession of the expectant policyholder is an important factor that decides the premium sum. Every profession involves a specific percentage of risk towards the employee's life. The higher the risk of the person's profession, the higher the value of the premium.

  • Q5. How much life cover should I choose?

    A5. In general, the term plans offer the flexibility of choosing the assured sum. You must consider your financial liabilities and annual income while choosing your life cover sum. Experts usually suggest that the policyholders must choose their basic life cover 10 to 15 times more than their annual income. The policy buyers are also free to use the online Max Life Insurance Term Plan Human Life Calculator if they are ambiguous about choosing an appropriate life cover sum.

  • Q6. What happens at the end of the term insurance plan?

    A6. Term insurance plans do not offer any maturity benefits at the end of the policy term. However, it offers life cover to the nominee specified by the insured person if in case the policyholder incurs a loss of life within the policy tenure.

  • Q7. Are the premium rates determined by Max Life Insurance Online Term Plan Calculator reliable?

    A7. The premium rates calculated by online Max Life Premium calculators are highly reliable. As there are no manual calculations and intervention of middlemen, the Max Life Insurance Online Term Plan Calculator provides accurate results of premium estimations as long as the input information furnished by the customer is true and precise.

  • Q8. When should I purchase a Max Life Insurance Online Term plan?

    A8. Max Life Insurance Term plan can be purchased any time after 18 years. However, it is better to purchase the plan earlier to incur minimum premium rates.

  • Q9. Is it safe to purchase an online term insurance plan?

    A9. It is 100% safe to purchase a term insurance plan online. However, the policy buyer must make sure that the purchase is made from the authentic online site of the insurance company. Online purchase of term plans provides lower premium rates, minimum documentation, high transparency, and easier premium payment and life cover settlement modes.

  • What are the benefits of term life insurance?

    Ans: Here are 4 common term insurance benefits:
    • Low premium rates
    • Tax Benefits
    • Death Benefit
    • Long term coverage

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.

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Max Life Term Plans Reviews & Ratings

4 / 5 (Based on 52 Reviews)
(Showing Newest 10 reviews)
Delhi, July 05, 2024
nice experience
Its very nice experience of your service, and all staff is very cooperative
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
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