Max Life Insurance Online Term Plan Calculator

Max Life Insurance Online Term Plan Calculator aids the insurance seekers to select the best-suited term insurance plan as per their preference. The term plan calculator by Max Life Insurance Company Limited is a free online tool that helps in calculating the premium.

Why should you use Term Insurance Premium Calculator?

Max Life Insurance Online Term Plan Calculator is a free online tool to assist policy buyers in computing the payable premium amount for a particular premium term, and sum assured. This online tool considers the variables such as age, annual income, debts, health history, marital status, and the number of dependents to suggest the best term insurance plan at an affordable premium rate.

Online Term Plan

A term life insurance plan that can be purchased on an online platform is referred to as an online term plan. Unlike purchasing offline, the online term plans foster easy comparison, analysis, and decision-making to the expectant policy buyers from the comfort of their homes. Purchasing an online term plan enables the policy buyer to:

  • Review the benefits and features of multiple-term insurance plans.
  • Compute the premium sum for a particular term plan using online premium calculator tools such as Max Life Insurance Online Term Plan Calculator.
  • Understand and compare various rider options that can be added to the respective plans.
  • Check for savings on the payable premium sum while purchasing online and offline.
  • Reduce the risk of manual comparison and save time.
Why buy Term Insurance early?

Your premium is decided on age at which you buy the policy and remains same, throughout your life

Premiums can increase between 4-8% each year after your Birthday

Your policy application could be rejected or premiums increase by 50-100%, if you develop a lifestyle disease

See how age affects Term Insurance Premiums
See how age affects Term Insurance Premiums
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Age 50
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The Process to use Max Life Insurance Online Term Plan

The policy buyer can follow the steps mentioned below to use Max Life Insurance online term plan calculator:

Step 1: Visit Max Life Insurance's official website. Locate the Max Life Insurance Online Term Plan Calculator and click on it.

Step 2: You will be redirected to a page with different slots to enter your details and information policy requirements.

Step 3: Enter your correct name, date of birth, gender, annual income, and tobacco consumption details. Choose the required life cover sum and policy tenure.

Step 4: Check all the details for accuracy before you make the submission. Submit the details to get a suitable premium quote.

Step 5: Once you find an appropriate premium quote, proceed with the further steps of online payment and submission of proposal forms to complete the policy purchase norms.

Advantages of Max Life Insurance Online Term Plan Calculator

Here is a rundown of the key advantages offered by Max Life Insurance online term plan calculator:

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.

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.

Information required while using Max Life Insurance Online Term Plan Calculator

The following details are to be entered accurately while using the Max Life Insurance Online Term Plan Calculator in order to obtain accurate estimations of premium rates.

  • Name of the person to be insured
  • Personal details such as the mobile number and email address
  • Life cover requirement, policy tenure, and premium payment term
  • Date of birth and gender of the person to be insured
  • Declaration of lifestyle, the risk involved in profession, alcohol, and tobacco consumption

Core Benefits of buying Max Life Online Term Insurance

The following are the key benefits of buying Max Life Online Term Insurance Plans:

Financially Secured Family

The concept of term insurance plans is social. So, it secures the financial instabilities of the families of the policyholders and hence makes the society financially sound.

Peaceful Mind

The policyholder can stay assured of financial stability at times of unfavourable emergency circumstances such as accidental death or permanent disability, and critical illness.

Tax Benefits

Under the prevailing tax laws, the policyholders are exempt from tax for the premiums paid and the sum assured.

Provision to choose Flexible Life Cover

The Max Life online term plans provide you with the flexibility to choose the tenure and assured sum. Also, it enables you to easily compare various insurance products by using Max Life Insurance Online Term Plan Calculator.

Regular Income to the Family

With the online term plans of Max Life Insurance, you can also choose to avail monthly returns to assist the basic financial requirements of your family, such as rent, food, utility bills, and EMIs.

Secured Education Goals

Financial protection offered to the insured person's family in the form of lump-sum pay-out through Max Life Insurance Online term plans can secure the future education goals of the family members.

Max Life Online Term Plan Purchase Process

Purchasing an online term plan from Max Life Insurance is made easier and faster by following these steps.

Step 1: Choose an appropriate life cover and policy term - Use the Max Life Insurance Online Term Plan Calculator to compare the products. Estimate the premium values for various combinations of policy terms and assured sums. Make a wise choice of the life cover offered and the period for which it is offered, considering your affordability and financial goals.

Step 2: Include apt riders - You can choose to provide additional financial support to your family in cases of your permanent disability or life-threatening diseases by adding suitable riders to your term plan. The addition of the rider will incur an addition to the premium sum.

Step 3: Pay the Premium Value - Furnish all the required details correctly to the best of your knowledge. Add a nominee to your plan and make the payments through online payment options that are easy and secure.

Step 4: Fill in the proposal forms - This form evaluates your life's data that relates to your claims in the future, such as professional details, lifestyle habits such as tobacco and alcohol consumption, and the health history of the insured person and his/her family.

Step 5: Medical test - After the successful submission of the proposal forms, the policyholders are expected to submit the required documents. Medical test is done for specific policyholders based on selected cases of individual life-risk.

Max Life Insurance Online Term Plan Premium Rates

The premium rates evaluated by the Max Life Insurance Online Term Plan Calculator for online term plans are lower compared to an offline term plan purchase. The reduction in premium rates is mainly due to the non-involvement of an insurance advisor. The savings of the agent's commission is distributed by the insurer among the policy buyers and hence reducing their premium rates. Savings of overheads such as stationery, logistics, and documents also account for the reduced premium rates for an online term plan.

Other Online Calculator Tools offered by Max Life Insurance

Max Life Insurance offers its customers numerous other highly efficient and useful calculation tools in addition to the Max Life Insurance Online Term Plan Calculator. Few remarkable ones are:

  • Human Life Value calculator
  • Body Mass Index (BMI) calculator
  • Mortality Risk Calculator
  • Retirement Planning Calculator

Term insurance plans essential for the financial security of the families and hence the society. Max Life Term Insurance Plans offer several additional benefits along with the basic life cover for a specified term. The policy buyers are offered a flexible provision to choose their assured sum and pay-out options. The insured person can also choose the premium payment term.

These online term plans offered by Max Life Insurance expect the policyholders to pay the premiums only till the age of their retirement, i.e., up to 60 years. However, the term period may be extended up to 85 years as per the requirements of the insured person. The plans offer comprehensive financial protection against permanent disability or death due to accidents, critical illness, and loss of the insurer's life. It would be best if you make use of the Max Life Insurance Online Term Plan Calculator to compare the plans and proceed with the hassle-free online purchase of the suitable term plan.

FAQs

  • 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.

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.

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 Insurance Online Term Plan Calculator Reviews & Ratings

4 / 5 (Based on 51 Reviews)
(Showing Newest 25 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
Avinash
Ghaziabad, February 06, 2016
"Good"
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
Anil
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
KUNAL
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
Shreyas
Bengaluru, February 06, 2016
"Average"
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
Pranav
Navi_mumbai, February 06, 2016
"Best"
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
A
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
Manoj
Chennai, February 05, 2016
"Average"
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
Rohit
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
NILOTPAL
Durgapur, February 05, 2016
"Fine"
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
Ramanand
Kolkata, February 05, 2016
"Good"
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
ASHWINI
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
ROHIT
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
Rajeev
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
Paramjeet
Raipur, February 05, 2016
"Average"
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
Harsimar
Delhi, February 05, 2016
"Fine"
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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