Prices Increasing soon Prices Increasing Soon

Max Life Insurance 75 Lakh Term Insurance

Secure your family's financial future by planning for the long term and taking dedicated steps to ensure their safety. If you're unsure where to begin, consider getting a 75 lakh term insurance policy from Max Life Insurance. These budget-friendly options offer coverage of 75 lakhs, providing financial security against unexpected life events. This article gives detailed information about Max Life 75 Lakh Term Insurance to help you make an informed decision.

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~
rating
6.7 Crore
Registered Consumers
51
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:- http://bit.ly/3J20bXZ

Life is Unpredictable! Protect your family’s future
Get ₹1 Crore Life cover starting from ₹384/month+
+91
Secure
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.

What is Max Life 75 Lakh Term Insurance Plan? 

Max Life 75 Lakh Term Insurance Plan is designed to offer financial security to your loved ones during your unexpected death. Therefore, a 75 Lakh term plan offered by Max Life Insurance helps by providing a sum assured of Rs. 75 Lakhs.

one crore term plan
plus

Term Plans

₹1
Crore

Life Cover

@ Starting from ₹ 16/day+

₹50
LAKH

Life Cover

@ Starting from ₹ 8/day+

₹75
LAKH

Life Cover

@ Starting from ₹ 12/day+

How Does The Max Life 75 Lakh Term Insurance Plan Work? 

Let us understand how this life insurance plan works with the help of this example: 

You can choose a 75 Lakh Term Insurance plan from Max Life Insurance for a definite policy term, and the assigned nominee will get the death benefit of Rs. 75 Lakhs in the case of your untimely death. The Max Life 75 Lakh term insurance plan provides a trustworthy financial safety net for your family in tough times like illness or death. With affordable premiums and extensive life coverage, it's a reliable choice for individuals wanting to protect their family's future.

Why Buy Max Life 75 Lakh Term Insurance? 

Here are some of the reasons why you should buy Max Life 75 Lakh Term Insurance:

  • Affordable premiums: Max Life 75 Lakh term insurance provides comprehensive coverage at affordable premiums, making it an ideal financial commitment towards your family. Also, starting the plan early in life allows you to enjoy the benefits of Max Life 75 Lakh Term Insurance from premiums as low as Rs. 602/month.

  • Extra coverage benefits: Max Life 75 Lakh term insurance includes additional coverage advantages like accidental death benefits, critical/terminal illness benefits, and waiver of premium riders.

  • Financial support for your family: The Max Life Term Plan ensures that your loved ones' financial needs are met in your absence. Nominees can use the death benefit to settle debts, loans, and liabilities, or cover household expenses.

one crore term plan

Secure Your Family Future Today

₹1 CRORE

Term Plan Starting @ ₹449/month+

Get an online discount of upto 10%+

Compare 40+ plans from 15 Insurers

+Standard T&C Applied

How to Determine the Right Coverage Amount? 

Here is a list of some factors that can help determine if buying a 75 Lakh term life insurance plan is the right choice for you: 

  • Your Annual Income: When assessing all the term plan options to buy the best term plan, it's a wise step to make sure that your cover amount is at least 10 times your yearly income. For example, if the annual income is Rs. 5 Lakhs, the term plan should at least be Rs. 75 Lakhs. You can easily use Policybazaar’s term insurance calculator for a more appropriate estimate.

  • Current Age: Your age plays a crucial role in finding the right coverage for your term life insurance. As you get older, the chances of health issues rise, resulting in higher premiums. It's a good idea to buy the 75 Lakh term insurance plan at a younger age. This way, you can get high coverage at lower premiums, ensuring financial security for your loved ones without expensive payments for a longer time.

  • Assessing Financial Dependents and Their Needs: It's important to assess your dependents' financial needs to understand if a 75 Lakh term insurance policy is the right option. Keep track of the number of family members who depend on you financially and analyze their future needs like education, marriage, loans, etc. Ensure all your dependents' financial needs, especially those relying on your support, are properly considered.

  • Settling Loans and Liabilities: Before you buy term plan, carefully review any ongoing loans or debts, like home, car, or education. Opting for a 75 Lakh term insurance policy is beneficial as it offers extensive life coverage that meets all your needs.

What are the Benefits of Max Life 75 Lakh Term Insurance? 

Here are the benefits of Max Life 75 Lakh Term Insurance:

  • Affordable Premiums: The Max Life 75 Lakh term insurance plan comes with a budget-friendly premium rate, especially if purchased at a younger age, starting at Rs. 602/month.

  • Additional Coverage Options: Max Life 75 Lakh term insurance plan not only offers extensive coverage for your loved ones but also allows you to enhance it with optional add-ons like critical illness, premium waiver, and accidental death riders. While not mandatory, these riders provide extra protection tailored to your specific needs, and you can add them while purchasing the plan.

  • Convenient Online Purchase: Buying the Max Life 75 Lakh Term Insurance plan online is easy and hassle-free, eliminating the need for visiting branches or standing in queues. Plus, you can enjoy a 10% discount when purchasing through Policybazaar.

  • Flexible Payout Modes: Unlike some life insurance companies that offer a lump sum death benefit, Max Life allows you to choose from various payout methods. For example, you can combine a lump sum with monthly income payouts, giving you better control over your expenses.

  • Tax Benefits: Opting for the best 75 Lakhs term plan makes you eligible for tax deductions under sections 80C and 10(10D) of the Income Tax Act, 1961.

Who Should Opt for Max Life 75 Lakh Term Insurance?

Here is a list of all eligible people who can buy 75 Lakh Term Insurance:

  • Young individuals

  • Business owners or self-employed individuals

  • Sole breadwinners of a family

  • Individuals with outstanding debts

  • Newly married couples

  • Parents with children

How do you buy Max Life 75 Lakh Term Insurance from Policybazaar?

Here are the steps to buy Max Life 75 Lakh Term Insurance from Policybazaar:

Step 1: Visit Policybazaar's official website and go to 'Term Insurance'.

Step 2: Fill in your basic details such as Name, Date of Birth, and contact number, then click on 'View Plans'.

Step 3: Submit all correct answers about your smoking habits, annual income, occupation type, and educational qualifications.

Step 4: Select 75 Lakhs as your life cover to view all the available term plans.

Step 5: Once you have submitted all your details, a list of the best term insurance plans will be displayed.

Step 6: Choose the Max Life plan from the list and proceed to payment using your preferred mode.

FAQs

  • Q: What does the Max Life 75 Lakh Term Insurance Plan offer?

    Ans: The Max Life 75 Lakh Term Insurance Plan provides a financial safety net for your loved ones, delivering a death benefit of Rs. 75 Lakhs in the event of your untimely demise.
  • Q: What are the key benefits of Max Life 75 Lakh Term Insurance?

    Ans: Max Life 75 Lakh Term Insurance offers cost-effectiveness, optional add-ons for extra benefits, easy online availability, flexible payout options, and tax benefits under section 80C and 10(10D) of the Income Tax Act.
  • Q: Who should buy Max Life 75 Lakh Term Insurance?

    Ans: Max Life 75 Lakh Term Insurance is suitable for young individuals, self-employed/business owners, newly married couples, parents with children, sole earning members, and those with debts.
  • Q: Why should one consider purchasing Max Life 75 Lakh Term Insurance?

    Ans: Buy Max Life 75 Lakh Term Insurance for high coverage at low premiums, additional benefits like accidental death coverage, terminal illness benefits, and waiver of premium riders. It ensures financial support for dependents, covering loans, debts, and household expenses.
  • Q: How to determine the right coverage amount?

    Ans: Consider factors such as annual income, age, financial dependents, future needs, and outstanding loans when deciding the appropriate life cover. Use Policybazaar’s term insurance calculator for accurate calculations.
  • Q: How does the Max Life 75 Lakh Term Insurance Plan function?

    Ans: The Max Life 75 Lakh Term Insurance plan ensures your nominated beneficiary receives a death benefit of Rs. 75 Lakhs in case of your demise, providing financial stability for your loved ones. Affordable premiums and comprehensive coverage make it a reliable choice for securing your family's future.

Premium By Age



Term insurance articles

  • Recent Article
  • Popular Articles
11 Apr 2024

Government Term Insurance Schemes 2024

The Government of India is committed to the welfare and

Read more
03 Apr 2024

How Policybazaar Helps With Dedicated Claim Assistance

Mr. Kumar has been working with a Public sector bank in Delhi.

Read more
19 Mar 2024

Kotak Term Insurance Login

Kotak Life Insurance is one of the leading insurers offering a

Read more
07 Mar 2024

HDFC 5 Crore Term Insurance

Securing your family’s financial future involves a lot of

Read more
04 Mar 2024

Kotak 5 Crore Term Insurance

Financially protecting your family's future requires detailed

Read more
07 Mar 2014

1 Crore Term Insurance - Buy ₹1 Cr Term Insurance Plan...

Term insurance is a type of insurance plan that offers financial security to your loved ones in the event of your

Read more
27 Jun 2018

What Is Difference Between Term Insurance And Life Insurance

Life insurance plans help you create wealth, protect your family for the entire policy term, and save on your

Read more
20 Aug 2014

Term Insurance for Women in India

Term insurance for women is a type of life insurance specifically designed for fulfilling women’s needs and

Read more
24 Mar 2020

LIC Term Insurance 1 Crore

LIC of India offers various plans to help you secure the financial future of your loved ones. To ensure your

Read more
03 Dec 2020

What Is Saral Jeevan Bima

Saral Jeevan Bima (SJB) is a simple term insurance plan that offers financial protection for policyholder’s

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