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
Get ₹1 Cr. Life Cover at just
Term Insurance plans
Online discount
upto 10%#
Claim Support
Policybazaar is
Certified platinum Partner for
Claim Settled

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

Get ₹1 Cr. Life Cover at just
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
We are rated
58.9 million
Registered Consumers
26.4 million

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.

Different types of Plans

Life insurance articles

Recent Articles
Popular Articles
Life Insurance for Gig Economy

16 Mar 2023

A gig economy is a free marketplace in which temporary positions
Read more
Is Life Insurance Mandatory for a Home Loan?

16 Mar 2023

Due to the increase in housing costs, it is now nearly difficult
Read more
SBI Life Insurance 40000 per year Plan for 10 years

06 Mar 2023

A SBI Life Insurance 40000 per year Plan for 10 years is a life
Read more
SBI Life Insurance 50000 per year Plan for 10 years

06 Mar 2023

SBI Life Insurance company offers a comprehensive range of life
Read more
SBI Life Insurance 7-year Plan Maturity Calculator

28 Feb 2023

An SBI life insurance can not only help you create a corpus in
Read more
How to Check LIC Policy Status, Details, Statement via Online/SMS/Call
Last year, Mr. Rajiv Verma bought a Child LIC policy to provide financial security for his kid's future. However
Read more
How to Cancel SBI Life Insurance Policy?
As per the Insurance Regulatory and Development Authority, you can cancel a life insurance policy taken within 15
Read more
SBI Life Insurance 50,000 per year Plan for 5 Years
Life insurance is not only about the financial protection of the family but also about working for life’s
Read more
Life Insurance Claim Settlement Ratio
Claim settlement ratio is one of the important parameters that one should consider while deciding on the insurer
Read more
PLI Santosh Maturity Calculator
Maturity calculators have proven to be one of the simple tools for digital-savvy insurance buyers. Postal Life
Read more

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