Max Life Smart Total Elite Protection vs Bajaj Life Smart Protect Goal Plan

Many are confused as to what are the benefits of each term plan and which plan to buy. Both max life vs bajaj allianz plans have different features and benefits, and it is important for you to understand the difference between the two to make an informed decision. Thus to make your decision-making process easier, let us compare Max life vs Bajaj Life plans and their benefits:

Smart Total Elite Protection

Premium starts ₹0/month

Max Coverage Upto

85 yrs

Claim Settlement Ratio

99.7%

Average Claim Trend

99.63%

Check Now

Bajaj Life eTouch II

Premium starts ₹916/month

Max Coverage Upto

85 yrs

Claim Settlement Ratio

99.3%

Average Claim Trend

99.19%

Check Now

₹1 Crore Life cover starting from ⁺

Lowest Price Guarantee ^˜

Male

Female

Name

Date of Birth

Mobile Number

Check Your Premium Now

Get Updates on WhatsApp

Max Life Smart Total Elite Protection

Max life smart term plan is a term insurance plan offered by Max Term Insurance. This plan provides comprehensive coverage against death, disabilities, and diseases. Under this plan, you can get coverage till 85 years of age with the minimum sum assured starting from just Rs. 25 Lacs.

Benefits of Max Life Smart Total Elite Protection

Death Benefits: There are 7 plan options available under the max life smart term plan, and in case of the policyholder’s untimely death, the applicable death benefit will be paid to the nominee of the policy.
Maturity Benefits: This term insurance plan will return 100% of the premiums paid on the survival of the policy term if the return of premium option is selected under the plan.
Tax Benefits: You can claim tax benefits as per the prevailing tax laws of the Income Tax Act of 1961.
Rider Benefits: The riders available under this Max life insurance plan are as follows:
- Accidental Death Benefit: On the accidental death of the policyholder during the policy term, the insurer will pay out the rider sum assured on top of the base sum assured.
- Accelerated Critical Illness Benefit: In case the policyholder is diagnosed with any of the 40 critical illnesses listed under the plan, the insurer will pay out the rider sum assured by deducting it from the base sum assured of the policy. The two ACI covers available are: Level Accelerated Critical Illness Benefit and Increasing Accelerated Critical Illness Benefit.
- Waiver of Premium: The policy will waive off all the remaining premiums in case of diagnosis of a critical illness or dismemberment during the policy term, with this rider added to the base plan.
Life Stage Benefits: With the life stage benefits, you can increase the life cover amount as per your changing life stages. You can increase the sum assured by 50% on marriage and by 25% on the birth of the 1st and 2nd child.

Bajaj Life Smart Protect Goal Plan

This term plan by Bajaj term insurance is a pure risk protection plan that offers comprehensive cover and the option of enhancing the base cover with riders. You can pay the premiums for this plan in a limited, single, or regular premium payment term.

Benefits of Bajaj Life Smart Protect Goal Plan

Death Benefit: The plan offers 4 life cover options which provide the death benefit to the nominee on the death of the life assured during the policy term.
Maturity Benefit: The plan offers the option to receive all the premiums paid throughout the policy tenure at the maturity of the policy term.
Tax Benefits: You can claim term insurance tax benefits with this plan under sections 80C, 80D, and 10(10D) of the IT Act, 1961.
Rider Benefits: You can add the following riders to the base plan for enhanced coverage:
- Accidental Death Benefit: In case of the policyholder’s accidental death during the policy term, the rider sum assured will be paid to the nominee of the policy.
- Accidental Total Permanent Disability: On the accidental total and permanent disability of the policyholder during the policy term, the insurer will pay the rider benefit amount to the policyholder.
- Critical Illness Benefit: On diagnosis of any of the listed critical illnesses, the insurer will pay out the rider sum assured as per the policy’s T&Cs.
- Waiver of Premium Benefit: The insurer will waive off all future premiums on the diagnosis of the first major critical illness or the 4th minor critical illness under the plan.

Comparison of Max Life Smart Total Elite Protection vs Bajaj Life Smart Protect Goal Plan

Here is the difference between the bajaj allianz vs max life plan eligibility conditions:

Parameters	Max Life Smart Total Elite Protection	Bajaj Life Smart Protect Goal Plan
Entry Age	18 years - 60/44 years	18 years - 65 years
Maturity Age	85 years	85 years
Policy Term	10 years - 50 years	10 years - 67 years
Base Sum Assured	25 Lacs - No limit	50 Lacs - 20 Crores
Premium Payment Term	Single, Limited, and Regular	Limited and Regular Only
Premium Payment Modes	Monthly, Quarterly, Half-annually, and Yearly

Wrapping it Up!

Comparing the two term insurance plans can give you a better understanding of the features, benefits, and eligibility requirements to buy these plans. This eases the customer’s hassle of trying to compare the plans manually. Before buying the most suitable plan out of Max life vs Bajaj Life, you should carefully assess your requirements and purchase the best term plan for yourself.

Term Plan Comparison

Term insurance is essential because it provides financial security for your loved ones in case of your untimely death. It ensures they can cover expenses like loans, education, and daily living costs, even in your absence. Comparing term insurance policies from different insurers helps you find the best coverage at the most affordable price, tailored to your specific needs.

When comparing term insurance policies from two of the top Indian insurers like Max Smart Term Plan And Bajaj Allianz Smart Protect Goal Plan Life Insurance, consider factors like the premium amounts, the sum assured, and the policy tenure. Look at the claim settlement ratios to understand how reliable each insurer is in paying out claims. Additionally, check for any riders or additional benefits offered, such as critical illness rider or accidental death benefits.

To simplify this process, you can use Policybazaar's comparison tool. This tool allows you to quickly and conveniently compare various term insurance policies side-by-side. It highlights key differences, benefits, and costs, helping you make an informed decision without the hassle of manually researching each policy.

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. ₹361/month is the starting price for a ₹1 crore loan cover with an 8% interest rate for an 18-year-old male, non-smoker, with no pre-existing diseases, loan tenure up to 20 years, rounded off to the nearest 10

+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.