Max Life Premium Return Protection Plan

Max Life Premium Return Protection Plan is a Term Insurance Plan with a return of premium option whereby the policyholder can enjoy comprehensive life cover with the added benefit of the return of premium payment at the end of the policy tenure, upon life assured’s survival.

51 Partners Insurance Partners

10.5 Crore Registered Consumer

5.3 Crore Policies Sold

We are rated ++ rating

₹1 Crore Life cover starting from ₹478/month⁺

Lowest Price Guarantee ^˜

Male

Female

Name

Date of Birth

Mobile Number

Check Your Premium Now

Get Updates on WhatsApp

Max Life Term Insurance with Return of Premium - Key Features

It is a term insurance plan with a fixed limited premium payment term of 11 years
There is an inbuilt Accident Benefit Rider providing an additional 50% of the SA in case of accidental death

Term Plans

₹1
Crore

Life Cover

@ Starting from ₹ 13/day⁺

₹50
LAKH

Life Cover

@ Starting from ₹ 8/day⁺

₹75
LAKH

Life Cover

@ Starting from ₹ 12/day⁺

Max Life Premium Return Protection Plan - Benefits

This max life term insurance plan offers the following benefits:

Death Benefit

On the death of the policyholder, Guaranteed Death Benefit is payable, which is higher of 10 times the annual premium or 105% of all premiums paid till death or Guaranteed Death Sum Assured.
Survival Benefit (Return of Premium)

The plan offers a return of premium on the maturity of the policy i.e., at the end of the policy term. Under this, all the premiums paid till the end of the policy will be paid back after deducting some minor charges like admin charges and taxes. The maturity amount will include any voluntary top-ups that you might have availed of.
Long Term Protection

With the max life term return of premium plan, you can get long term protection as per your personal needs. You can select the policy term from 20 to 30 years with the available options of 20, 25, or 30 year policy terms.
Limited Premium Payment Term

The plan offers a limited premium payment term through which you can pay off the premiums and be relieved from the hassle of remembering and paying the premiums for the long term. With an 11-year premium payment term, you can get life cover for up to 30 years and be done with the premium payments by the 11th policy year.
Multiple Premium Payment Modes

You can choose to pay the premiums for the plan as per your suitability. You can pay the premiums on a regular basis in monthly, quarterly, annual, or semi-annual modes.
Tax Benefit

You can receive term insurance tax benefits as per the IT Act on the premium paid as per Section 80C and 80D and Section 10(10D) on the death or maturity benefits received.

Secure Your Family Future Today

₹1 CRORE

Term Plan Starting @

Get an online discount of upto 15%^#

Compare 40+ plans from 15 Insurers

⁺Standard T&C Applied

How Max Life Premium Return Protection Plan Works?

Let us understand how Max Life Term Insurance with Return of Premium works with an example: Suppose Suresh bought the Max life return of premium plan for 1 crore life cover for a 25 year policy term. Since the premium payment term is 11 years, Suresh only has to pay the premiums for a limited period and can receive cover for a longer period. In case of the unfortunate death of Suresh, the insurer will payout the entire 1 crore sum assured to his family, but on survival of the policy term, Suresh will receive all the premiums he paid for the policy as a maturity benefit. This ensures financial protection for Suresh’s family during the policy term and ensures that he doesn’t lose all the premiums paid for the policy. He can use the benefit amount on survival to pay for his retirement, his lifelong goals, or pay for his child’s wedding.

Max Life Premium Return Protection Plan - Eligibility Conditions

Here is a list of conditions you need to satisfy to purchase Max life term insurance with return of premium plan:

	Minimum	Maximum
Entry Age (Last Birthday)	21 years	55 years
Maturity Age (Last Birthday)	-	75 years
Policy Term (PT) in years	20, 25, 30
Premium Paying Term (PPT) in years	11
Premium Paying Frequency	Annual, half-yearly, quarterly, monthly
Base Sum Assured	5,00,000	1 crore

Max Life Premium Return Protection Plan - Policy Details

Grace Period:

15 days grace period is allowed for payment of premium in monthly mode and 30 days in other modes.
Policy Termination or Surrender Benefit:

The policy acquires a surrender value after 3 full years’ premiums have been paid. The Surrender Value is higher than the Guaranteed Surrender Value (GSV) or Special Surrender Value (SSV) where both GSV and SSV is expressed as a % of total premiums paid
Free Look Period:

If you would not be pleased with the coverage and terms and conditions of the policy, you have the option of canceling the policy within 15 days of receipt of the policy documents, provided there has been no claim.

Exclusions

In case of suicide committed within 12 months of policy inception or revival, higher of SSV or total premiums paid is payable if the policy acquires a Surrender Value or total premiums paid are returned if the policy does not acquire a Surrender Value

Note: Check all the best term insurance plan in India.

Note: You should also check the benefits of term life insurance if you are planning to purchase the term insurance plan.

Explore the popular searches and stay informed

˜The insurers/plans mentioned are arranged in order of highest to lowest Sum Assured(SA) offered by Policybazaar’s insurer partners offering term insurance plans on our platform, as per ‘first year premium of life insurers as at 31.03.2025 report’ published by IRDAI.

Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. For complete list of insurers in India refer to the IRDAI website www.irdai.gov.in

Rs. 400/month is starting price for a 1 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10.

Rs. 400/month (Rs.13/day) is starting price for a 1 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 230 is starting price for a 50 lakhs term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10.

+Rs. 8/day is starting price for a 50 lakhs term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10.

+Rs. 12/day is starting price for a 75 lakhs term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10.

+Rs. 497/month is starting price for a 1.5 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 487/month is starting price for a 2 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 626/month is starting price for a 3 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 905/month is starting price for a 5 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 1,267/month is starting price for a 7 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

*The full refund of premium is available on availing the one-time option of refund of premium. Total premium paid for policy (paid for add-ons) will be the special exit value, payable on availing the one-time option of refund of premium if you wish to completely exit the policy.

+Rs. 447/month is starting price for a 1 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs.679/month is starting price for a 2 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 910/month is starting price for a 3 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 1,374/month is starting price for a 5 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 1,924month is starting price for a 7 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

Women

+Rs. 400/month is Starting price for a 1 crore term life insurance for an 18 year-old Female, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10.

Rs. 461/month is the starting price for a 1 crore term life insurance for an 24 year-old female, non-smoker, with no pre-existing diseases, cover upto 54 years of age.

1,642/month is the starting price for a 1 crore term life insurance for an 44 year-old female, non-smoker, with no pre-existing diseases, cover upto 74 years of age.

Prices offered by the insurer are as per the approved insurance plans | #All savings and online discounts are provided by insurers as per IRDAI approved insurance plans | Standard Terms and Conditions Apply | **Tax Benefits are subject to changes in tax laws.| Policybazaar Insurance Brokers Private Limited

We will respond in the first instance within 30 minutes of the customers contacting us. 30-minute claim support service is for the purpose of giving reasonable assistance to the policyholder in pursuance of the claim. Settlement of claim (including cashless claim) is the responsibility of the insurer as per policy terms and conditions. The 30-minute claim support is subject to our operations not being impacted by a system failure or force majeure event or for reasons beyond our control. For further details, 24x7 Claims Support Helpline can be reached out at 1800-258-5881

For more details on risk factors, terms and conditions, please read the sales brochure carefully before concluding a sale

Policybazaar Insurance Brokers Private Limited | CIN: U74999HR2014PTC053454 | Registered Office - Plot No.119, Sector - 44, Gurgaon, Haryana – 122001 | Registration No. 742, Valid till 09/06/2027, License category- Composite Broker Visitors are hereby informed that their information submitted on the website may be shared with insurers. Product information is authentic and solely based on the information received from the insurers.

˜ Policybazaar Promise reflects the guarantee offered by insurers. Price assurance is based on certifications shared by insurers with us.