Max Life Online Term Plan Life Cover + Monthly Income

Max Life Online Term Plan Life Cover + Monthly income is a pure term plan available through the company’s website which takes care of the protection needs by providing high coverages at minimal costs. The plan also provides for level monthly incomes post the policyholder’s death to support the family’s financial requirements.

Read more
Get ₹1 Cr. Life Cover at just ₹449/month+
Covers
COVID-19
Tax Benefit
Upto Rs. 46800
Life Cover Till Age
99 Years
8 Lakh+
Happy Customers

+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

Get ₹1 Cr. Life Cover at just ₹449/month+
Covers COVID-19
+91
View plans
Please wait. We Are Processing..
Get Updates on WhatsApp
By clicking on "View plans" you agree to our Privacy Policy and Terms of use

Key Features

Some key features of the plan are mentioned below:

  • It is a pure term insurance plan with regular pay premium paying options
  • Easy and hassle-free application process

Benefits

Listed below are some benefits of the plan:

  • Nominee gets a 100% Sum Assured on death of the policyholder
  • Level Monthly Incomes @ 0.4% of the Sum Assured is paid for 10 years post the policyholder’s death
  • Income tax benefit on the premium paid as per Section 80C and on the claims received as per Section 10(10D) of the Income Tax Act.

Product Specification

 

Minimum

Maximum

Entry Age (Last Birthday)

18 years

60 years

Maturity Age (Last Birthday)

-

70 years

Policy Term (PT) in years

10

35

Premium Paying Term (PPT) in years

Equal to policy term

Premium Paying Frequency

Annual

Yearly Premium

Depends on Sum Assured and policy term

Sum Assured

25,00,000

100 crores

Details About Premium

Annual premium illustration* is shown in the table below:

Age (in years)

Premium (in Rs.)

Non- Smoker

Smoker

30

5350

8050

35

7050

11,150

40

10,150

16,600

45

15,300

26,650

*Annual premiums can change depending upon your requirements.

Policy Details

Listed below are the things you must know about Max Life Online Term Plan Life Cover + Monthly Income:

  • Grace Period: 30 days grace period is allowed for payment of premium
  • Policy Termination or Surrender Benefit: there is no surrender value under the plan
  • Free Look Period: If you would not be pleased with the coverage and terms and conditions of the policy, you have the option of cancelling the policy within 30 days of receipt of the policy documents, provided there has been no claim.

Additional Features or Riders

Let us look at additional features or riders:

  • Max Life Comprehensive Accident Benefit Rider is available for comprehensive coverage
  • Premium discounts are given to non-smokers
  • Rebates for choosing high Sum Assured levels
  • Female lives are offered lower premium rates

Exclusions

In case of suicide committed within 12 months of policy inception or revival only total premiums paid are returned to the nominee.

Documents Required

Policyholders must fill up an ‘Application form/ proposal form’ online and provide self-attested copies of KYC/AML Documents.

Premium By Age

why buy term insurance

FREE Term Life Insurance Quotes in minutes

  • The Best Price
  • Get Upto 10% Online Discount
  • Dedicated Claim Assistance Program

+Standard T&C Apply



Term insurance articles

Recent Articles
Popular Articles
LIC Relaunched A Term Assurance Plan: LIC New Jeevan Amar

25 Nov 2022

Life Insurance Corporation (LIC) of India recently relaunched...
Read more
HDFC Term Insurance Customer Care

18 Nov 2022

HDFC life insurance company offers various term life insurance...
Read more
Limited Pay Term Insurance Plans for 15 Years

04 Nov 2022

The limited Premium payment option allows you to pay the premium...
Read more
HDFC Life Click 2 Protect Elite

20 Oct 2022

HDFC Life Click 2 Protect Elite is a comprehensive term insurance...
Read more
This Bhai Dooj Gift Your Sibling Financial Security With Term Insurance

12 Oct 2022

Bhai Dooj celebrates the spirit of love and affection between a...
Read more
Life Insurance Companies in India
Top Life Insurance Companies of India With Claim Settlement Ratio Life Insurance Companies in...
Read more
Zero Cost Term Insurance Plan
Zero-cost term insurance is a new variant of term plans in which the policyholder has the option to exit the term...
Read more
Term Plan with Return of Premium - TROP 2022 | Policybazaar
Term insurance Return of Premium (TROP) is a variant of a term insurance plan in which the entire premium paid...
Read more
Term Life Insurance for NRI in India
Every bread-earner wishes to provide financial security and stability to his/her family in some way. Whether you...
Read more
LIC Term Insurance 1 Crore
If you have a LIC term insurance 1 Crore handy, you can cherish all your happy moments as you have made a fine...
Read more

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