Prices Increasing soon Prices Increasing Soon

Max Term Insurance for Coronavirus

The current scenario of COVID-19 has shaken the nation to its core. As more and more people are getting infected with COVID-9, in this challenging time it has become imperative to be prepared for eventualities with an insurance plan for COVID-19.  Seeing the severity of the pandemic, the Max Life Insurance policy has come up with Max Term Insurance for Coronavirus known as Covid-19 Insurance plan.

Read more
Gets ₹1 Cr. Life Cover at just
COVID-19 Covered
The Policybazaar Advantage
Dedicated claim support for family FREE
Upto 10% discount for buying online
Only certified experts will call you on 100% recorded lines
We are rated~
rating
6.7 Crore
Registered Consumers
51
Insurance Partners
3.4 Crore
Policies Sold

#All savings and online discounts are provided by insurers as per IRDAI approved insurance plans | Standard Terms and Conditions Apply

By clicking on "View plans" you agree to our Privacy Policy and Terms of use

~Source - Google Review Rating available on:- http://bit.ly/3J20bXZ

Life is Unpredictable! Protect your family’s future
Get ₹1 Crore Life cover starting from ₹384/month+
+91
Secure
We don’t spam
Check Your Premium Now
Please wait. We Are Processing..
Get Updates on WhatsApp
The Policybazaar Advantage
Policybazaar Advantage Icon
Dedicated claim support for family FREE
Policybazaar team will help and support you at the time of claim. A personal claim handler from our team of experts will get in touch with you when your nominee applies for a claim on our website.
Policybazaar Advantage Icon
100% calls recorded to ensure no mis-selling
We will make sure you get what is promised by the advisors. We conduct regular monitoring of our calls to make sure you get the best experience.
Policybazaar Advantage Icon
Exclusive lifetime discount upto 5% for buying online
The discounts will be valid for the entire policy payment term and is not available if you choose to buy the insurance through offline agents.
Policybazaar Advantage Icon
Advisors available in your city
Our advisors are available in more than 55 cities across India and can help you at your doorstep in understanding the plans and in documentation.
Policybazaar Advantage Icon
Refund at the click of a button
In case you aren’t happy with your purchase, you can cancel your policy hassle-free at the click of a button. We will help you with the cancellation and refund of your policy.

As the name suggests the plan provides risk coverage to life that arises due to COVID-19. Let’s read further to know in detail about the Max term Insurance for Coronavirus. 

What is COVID-19 Insurance?

COVID-19  insurance is a specifically designed insurance plan or rider that provides financial protection against the medical expenses that occur due to the treatment of COVID-19 diseases.  The COVID-19 insurance provides coverage to the insured after the completion of 15 days waiting period from the date of policy purchase.  Thus if an individual is diagnosed with the COVID-19, he/she is covered for their expenses, provided the diagnosis is received 15 days from the date of policy issuance.  An individual can also purchase this policy as a rider along with a life insurance policy. 

Benefits of Buying Max Term Insurance for Coronavirus?

Here are the benefits of buying COVID-19  insurance. 

Enhanced life Protection 

The Covid-19 insurance provides the right financial assistance to the family against coronavirus.  In case, the life assured has opted for Covid-19 rider along with the base term insurance policy, then in case of death of the life assured due to Coronavirus a sum assured amount in addition to the basic sum assured amount of the policy is paid to the beneficiary of the policy. 

Financial Assitance 

In case of the unfortunate demise of the life assured to the Covid-19, the term insurance policy with COVID-19 rider benefit provides the right financial assistance to the family of the insured and take care of the future liabilities. 

Tax Benefit 

As Covid-19 rider can be purchased along with the base term insurance policy, the life assured can avail tax benefit on the premium paid towards the policy as per the prevailing tax laws. 

How to Buy COVID-19 Insurance Rider?

To purchase Max term insurance Covid-19 rider, you will need to follow these steps.

Choose the Sum Assured Amount 

Visit the portal and click on the option of ‘calculate premium’ to start the process of buying covid-19 rider. You will need to provide basic details like your age, income, smoking habits and contact information. 

Customize your Plan 

As per your requirement and suitability choose the variant of the term insurance policy. f term insurance policy. 

Add Various Riders

Along with the covid-19 rider option, you can also choose a different rider to enhance the coverage of the policy. The term insurance policy offer riders like premium waiver benefit, critical illness rider, etc. 

Accept the Quote and Pay Premium 

Once you go through all the benefits offered by the policy and choose the relevant sum assured and rider, fill in the other required details and pay the premium of the policy online. 

How Does Max Term Insurance for Coronavirus, COVID-19  Rider Benefit You and Your Family?

  • Under the covid-19 rider, a specific amount is paid on the diagnosis of covid-19  disease.  In case, the life assured is diagnosed with COVID-19, then 20% sum assured is paid as a fixed lump-sum amount under a rider that provides protection against the medical expenses. 
  • The beneficiary of the policy receives a death benefit as specified in the policy documents.

Wrapping it Up!

Currently, as the whole nation is affected by the pandemic it is a must to have an insurance policy that provides coverage against COVID-19. With COVID-19 insurance by your side, you can ensure to be financially secured against the financial load that may arise due to being affected by the COVID-19. As a rider benefit along with the term insurance policy, you can ensure to provide the right financial security to your family in case of an emergency.

Premium By Age

Term insurance articles

  • Recent Article
  • Popular Articles
22 Feb 2024

Tata AIA 50 Lakh Term Insurance

Ensuring the financial well-being of your family requires

Read more
22 Feb 2024

SBI Life 75 Lakh Term Insurance

SBI Life Insurance Company offers a variety of sum assured to

Read more
22 Feb 2024

Kotak 50 Lakh Term Insurance

Securing your family's financial future involves detailed

Read more
22 Feb 2024

SBI Life 70 Lakh Term Insurance

Many people are confused about the ideal life cover amount and

Read more
22 Feb 2024

PNB 50 Lakh Term Insurance

Securing your family's financial stability involves thoughtful

Read more
07 Mar 2014

1 Crore Term Insurance - Buy ₹1 Cr Term Insurance Plan...

Term insurance is a type of insurance plan that offers financial security to your loved ones in the event of your

Read more
27 Jun 2018

What Is Difference Between Term Insurance And Life Insurance

Life insurance plans help you create wealth, protect your family for the entire policy term, and save on your

Read more
12 Jun 2018

Claim Settlement Ratio of Term Insurance Plan Providers

Claim Settlement Ratio (CSR) is an important parameter in the selection of an insurance policy. If you are going

Read more
24 Mar 2020

LIC Term Insurance 1 Crore

LIC of India offers various plans to help you secure the financial future of your loved ones. To ensure your

Read more
20 Aug 2014

Term Insurance for Women in India

Term insurance for women is a type of life insurance specifically designed for fulfilling women’s needs and

Read more
top
View Plans
Close
Download the Policybazaar app
to manage all your insurance needs.
INSTALL