Prices Increasing soon Prices Increasing Soon

Max Life Insurance 1 Crore Plan

With many novel diseases surfacing, life seems to be fleeting with every second. Amidst this, the most fearful thing is thinking about your family's future if you succumb to one of such life-threatening ailments. Beside dealing with the basic costs of living, your family would need financial support in your absence if you are the sole earning member.

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~
6.7 Crore
Registered Consumers
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:-

Life is Unpredictable! Protect your family’s future
Get ₹1 Crore Life cover starting from ₹384/month+
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.

Life insurance is a way to make sure your family is not financially troubled in your absence. Max Life Insurance 1 crore plan provides coverage of Rs. 1 crore for securing your family's future.


The Max Life Insurance 1 crore plan offers its customers financial coverage of Rs 1 crore. Such an amount is sufficient for your family to lead a fulfilling life without external monetary help. The policy has certain features which you should know before purchasing the policy. 

They are as follows:

  • The policy provides financial coverage of Rs 1 crore.

  • It is the basic life insurance plan from Max Life Insurance which can be purchased by visiting its online portal.

  • The insurance premium starts as low as Rs 493, depending upon your age.

  • The policy offers coverage up to 85 years.

  • The basic plan provides financial support in the event of the death of the policyholder.

  • The policy can be customized according to the requirements of the policyholder.

  • It also covers critical illness and disability suffered by the policyholder.

  • Max Life Insurance Online Term Plan offers rider benefits for accidental misfortunes.

  • If the policyholder survives the policy term, they would be entitled to receive the entire premium they had paid during the term.

  • The death benefit plan can be chosen between a lump sum payout and an increasing monthly income.


The Max Life Insurance 1 crore Plan has several benefits when it comes to providing financial stability to your loved ones after your death. 

Some of them are as follows:

  • Max Life Insurance Company offers extremely affordable and low-cost insurance policies.

  • Max Life Insurance will provide considerable discounts if the policyholder opts for a higher assured sum of insurance.

  • The Max Life Insurance 1 crore Plan can be bought online with the help of simple procedures prescribed by the company.

  • The policy offers a 30-day free look period. Within this period, you can terminate the insurance policy without being charged with any penalties.

  • You can also avail of tax benefits for insurance premium payment under the Income Tax Act, 1961.

  • If you are a non-smoker, the company will offer you special premium rates for the policy. Women are offered discounts and lowered rates of premium.


The following table shows the eligibility criteria prescribed for purchasing the Max Life Insurance 1 crore Plan:

Basis Eligibility
Minimum entry age 18 years
Maximum entry age For Regular Pay: 60 years

For Pay Till 60: 44 years

Maximum maturity Age For Base Death Benefit: 85 years
For Accelerated Critical Illness: 75 years
For Accidental Cover: 85 years

Documents Required

The following documents are required for availing of the Max Life Insurance 1 crore Plan:

  • For Identity Proof (one of the following):

    • Aadhaar Card

    • Pan Card 

    • Form 60

    • Voter ID

    • Passport 

  • For Address Proof (one of the following):

    • Current Utility Bill

    • Letter of allotment of accommodation by the employer

    • Property Tax Receipt

    • Municipal Tax Receipt

  • For Income Proof (for professionals):

    • Form 16

    • Last 3 months Bank Statements

    • Last two year’s Income Tax Returns

  • For Income Proof (for self-employed):

    • Form 26 AS

    • Income Tax Returns (last two years)

    • Balance Sheet and Profit & Loss Statement

How to Purchase Max Life Insurance 1 Crore Plan?

You can follow the steps given below to purchase the Max Life Insurance 1 crore Plan:

  • Visit the official website of the Max Life Insurance Company.

  • On the web portal, you will see an option to use the premium calculator required to calculate the sum assured for the policy.

  • By filling in some basic details regarding your age, income, and other details, the calculator would show the sum assured for policy. The assured sum for this particular policy would be Rs 1 crore.

  • The next step would be to add any additional benefit of your choice. You would have to decide upon additional benefits by careful analysis of your needs.

  • Next, you would have to fill in the necessary fields and submit all the required documents.

  • The last step would be to choose the method for premium payment.


  • Does the Max Life Insurance 1 crore Plan offer a grace period?

    Ans: Yes, the Max Life Insurance 1 crore Plan offers a grace period of 15 days if you fail to pay the monthly premium.
  • What is the process of filing a claim at Max Life Insurance?

    Ans: The following are the steps to file a claim with Max Life Insurance:
    • Inform your nearest Max Life Insurance branch about the death of the policyholder.
    • Send an e-mail to the claims department of the company.
    • Submit all the documents related to the claim to your assigned agent.
    • After evaluating the documents, the company would grant your claim.
  • What are the tax benefits for policies under Max Life Insurance?

    Ans: Premiums up to a sum of Rs 1,50,000 are exempt from income tax under Section 80C. Also, all claims are exempt under Section 10(10D) as per the Income Tax Act, 1961.
  • What can I do so that I do not forget to pay my premium every month?

    Ans: Fortunately, Max Life Insurance provides a facility under which you can opt for receiving reminders from the company 2-3 days before the due date. In this way, you won't forget to pay your premiums. The reminders would also help you ensure sufficient balance in your account before the payment.
  • What is the minimum and maximum sum assured for Death Benefit?

    Ans: The minimum sum assured for Death Benefit is Rs.10 lacs to Rs.25 lacs. On the other hand, there is no limit for the maximum sum assured for Death Benefit.
  • How to calculate the term insurance premium online?

    Ans: You can easily calculate the term insurance premium online by using the term plan calculator online tool
  • What are the benefits of term life insurance?

    Ans: Here are 4 common benefits of term insurance:
    • Low premium rates
    • Tax Benefits
    • Death Benefit
    • Long term coverage
  • What are the benefits of term life insurance?

    Ans: Below mentioned are the key features of a best term insurance policy in India:
    • Affordable premium rates
    • Long-tenure life protection
    • Easy to understand and buy
    • Riders availability
    • Whole life protection
    • Tax benefits
  • What are the key features of a best term insurance plan in India?

    Ans: Let's understand what is term life policy here. Term insurance offers financial protection for a certain period to the policyholder, thereby, offering a lump sum payout if the policyholder unfortunately passes away during the policy term.

Premium By Age

Life insurance articles

  • Recent Article
  • Popular Articles
24 Apr 2024

Most Common Life Insurance Frauds in India

Life insurance fraud is a financial crime that can be committed

Read more
09 Aug 2023

What High Net Worth Individuals (HNIs) Do To...

High net worth individuals often opt for life insurance plans to

Read more
28 Jun 2023

A Review Of ICICI Prudential Life Insurance

“Policy Bazaar insurance clarified the term policy for me, so

Read more
27 Jun 2023

A Review Of HDFC Life Insurance

“I recently bought an HDFC term plan and it is the best

Read more
20 Jun 2023

Best Life Insurance Policy in India with High...

The best life insurance policy in India is a type of life

Read more
15 Dec 2021

Life Insurance for Parents in India

With the increase in the average life expectancy rate, the older population in India is on the rise. Most of the

Read more
08 Jun 2022

Life Insurance for NRI

Going beyond geographical boundaries to study or pursue a career abroad is a common aspiration for many

Read more
14 Apr 2014

Life Insurance Quotes

Life insurance quotes are the approximate premium rates for the specific life insurance policy. It helps you

Read more
26 Dec 2022

Canara Guaranteed Fortune Plan

Canara HSBC life insurance company introduces a guaranteed fortune plan that provides assured benefits to life

Read more
27 Jun 2023

A Review Of HDFC Life Insurance

“I recently bought an HDFC term plan and it is the best decision I have ever made. I feel so good knowing that

Read more
Need Help? Request Callback
View Plans
Download the Policybazaar app
to manage all your insurance needs.