Prices Increasing soon Prices Increasing Soon

Max Life Platinum Protect II 

The Max Life Platinum Protect II Plan is a term insurance plan offered by Max Life Insurance, a renowned Indian insurer. This plan provides comprehensive life cover at very affordable premiums.

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
7.7 Crore
Registered Consumer
50
Insurance Partners
4.2 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 /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.

The plan also offers the policyholder the flexibility to choose the coverage required and the term of coverage, in addition to giving discounts for high sum assured options. Let's understand the plan in detail here.

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+

Key Features of Max Life Platinum Protect II Plan 

Here are the features of the Platinum Protect II plan provided by Max Life Insurance:

  • Provides long-term financial protection for your family at affordable premium rates.

  • Adopting a healthy lifestyle can lower your premiums, and the rate of payable premium will be determined based on the following category:

    • Preferred non-smoker

    • Non-smoker

    • Smoker

  • Enjoy flexible policy terms and choose from 10, 15, 20, 25, or 30 years.

  • Discounts available for female policyholders, calculated using their current age minus a 3-year reduction.

  • If premiums are paid for at least 15 years, coverage continues for the entire term even if payments are discontinued.

  • Discounts for choosing higher sum assured options (Rs. 50,00,000 and above).

Eligibility Criteria of Max Life Platinum Protect II Plan 

Here is the eligibility criteria for buying Max Life Platinum Protect II Plan: 

Parameters Minimum Maximum
Entry Age 18 years 60 years
Maturity Age Maximum: 75 years
Policy Term 10 years, 15 years, 20 years, 25 years, 30 years
Sum Assured Rs. 25 Lakhs No Limit
Premium Payment Mode Annual, Semi-annual, Quarterly & Monthly

one crore term plan

Secure Your Family Future Today

₹1 CRORE

Term Plan Starting @

Get an online discount of upto 10%#

Compare 40+ plans from 15 Insurers

+Standard T&C Applied

Benefits of Max Life Platinum Protect II Plan 

Here are the benefits of Max Life Platinum Protect II Plan:

  • Comprehensive Death Benefit: This Max Term Insurance plan ensures your family’s financial security by providing essential life coverage, safeguarding them against unexpected events.

  • Premium Discounts Based on Lifestyle: Adopting a healthy lifestyle can lower your premiums, with medical underwriting classifying you (preferred non-smoker, non-smoker, smoker) that determines your premium rates.

  • Flexible Policy Terms: Policyholders can select coverage terms ranging from 10 to 30 years, allowing for tailored insurance solutions to meet individual needs.

  • Special Discounts for Women: Female policyholders enjoy premium discounts, with calculations based on their age-adjusted by three years, making coverage more affordable.

  • Ongoing Benefits and Tax Advantages: The plan offers reduced insurance cover after 15 years of premium payments, ensuring continued protection for dependents. It also offers potential tax benefits under current tax laws.

Policy Details of Max Life Platinum Protect II Plan

Here are the policy details of the Max Life Platinum Protect II Plan:

  • Free Look Period: You have 15 days to review the policy after receiving it. If you disagree with any terms, return the policy for a full refund minus certain deductions.

  • Nomination: By filling out the Proposal Form, you can nominate a person to receive the death benefit. You can change your nominee any time by notifying the insurer in writing. If the nominee is a minor, appoint an adult to receive benefits until the minor ages. The nominee must provide the necessary documents when claiming the death benefit.

  • Assignment: You can assign the policy to someone else by signing the policy document or a separate legal document. Assigning the policy cancels any existing nominations unless assigned to the insurer. 

    *Note: Assignment is prohibited under the Married Women’s Property Act.

  • Grace Period: A 15-day grace period is allowed for monthly premium payments and 30 days for other payment modes. If payment isn’t made during the grace period, the coverage continues, but the overdue premium will be deducted from the death benefit if applicable. Benefits will be paid minus the overdue premium if the life assured dies during the grace period.

  • Lapsation of Policy: If premiums are unpaid by the end of the grace period, the policy will lapse and benefits will not be payable. Rights can only be exercised after the policy is revived.

  • Revival of Policy: A lapsed policy can be revived within two years if you request it in writing and provide proof of insurability. All overdue premiums must be paid to revive the policy. Revival takes effect once the insurer approves, restoring all benefits without interest. If not revived within the allowed period, the policy will terminate.

How to Check Max Life Insurance Policy Details?

You can check your Max Life Insurance policy details using any of the following methods:

  • Customer Care
    Call 1860 120 5577 with your policy number to get information about your life insurance plan.

  • Online
    Visit the Max Life Insurance customer portal at www[dot]maxlifeinsurance[dot]com. After registering, access your policy details and use various self-service options.

  • Branch
    Visit the nearest Max Life Insurance branch for assistance.

  • Mobile
    SMS your policy number (in xxxx format) to xxxxx from your registered mobile number. After validation, your policy details will be sent via SMS.

Exclusions in Max Life Platinum Protect II Plan 

The only exclusion in the Max Life Platinum Protect II Plan is mentioned below:
Suicide Exclusion
If the life assured dies by suicide within 12 months of the policy start date, the nominee will not receive any benefit of this term insurance plan.

If the life assured dies by suicide after 12 months of this life insurance policy’s issuance, then the full death benefit is payable.

How To Buy Max Life Platinum Protect II Plan?

Here are the steps to buy the Max Life Platinum Protect II Plan from Policybazaar:

Step 1: Visit the official Policybazaar website and click on Term Insurance.

Step 2: Submit basic details, like your name, contact details, gender, and date of birth.

Step 3: Submit information regarding your job type, yearly income, educational qualifications, and smoking/tobacco consumption habits.

Step 4: Choose the Max Life Platinum Protect II Plan from the available list of term insurance plans.

Step 5: Pay using your preferred mode to complete the process.

*Note: It is wise to know what is term insurance at first and then buy the Max Life Platinum Protect II Plan online.

How To Contact Max Life Insurance Customer Care?

You can easily contact Max Life Insurance Customer Care by following these steps:

Via Email Support

  • For Indian Customers: service.helpdesk@maxlifeinsurance.com

  • For NRI Customers: nri.helpdesk@maxlifeinsurance.com

Via WhatsApp Support

  • Text ‘Hi’ to 742 839 6005 using your registered mobile number.

Via Policy Details

  • Call 1860 120 5577 for information about your policy.

Via Offline Support

  • Indian Customers: Call 1860 120 5577 (9 AM to 6 PM, Monday to Saturday).

  • NRI Customers: Call +91 11 61329950 or +91 11 71025900 (9 AM to 6 PM IST).

Via Branch Locations

  • Visit the nearest Max Life or Axis Bank branch. You can find branches on the website by entering your State, City, and Pin Code.

Via Request a Callback

  • For Indian Customers: Provide your Name, Mobile Number, City, and Email.

  • For NRI Customers: Provide your Name, Email, Country, Expected Visit Date, ISD Code, Phone Number, Current Address, and query.

Life Insurer Piller

FAQs

  • 1. What is the Max Life Platinum Protect II Plan?

    Ans: The Max Life Platinum Protect II Plan is a term insurance policy that provides comprehensive life cover at affordable premiums, ensuring financial protection for your family in case of unforeseen events.
  • 2. Who is eligible to purchase this plan?

    Ans: The eligibility criteria are:
    Entry Age: 18 to 60 years
    Maturity Age: Maximum 75 years
    Policy Term: 10, 15, 20, 25, or 30 years
    Sum Assured: Minimum of ₹25 Lakhs, with no upper limit.
  • 3. What are the key features of the plan?

    Ans: Key features include:
    - Long-term financial protection
    - Premium discounts based on lifestyle (preferred non-smoker, non-smoker, smoker)
    - Flexible policy terms (10 to 30 years)
    - Discounts for female policyholders
    - Coverage continuation for 15 years of premium payments, even if payments stop.
  • 4. How can my lifestyle affect my premiums?

    Ans: Adopting a healthy lifestyle can lower your premiums. The insurer will classify you based on your health status (preferred non-smoker, non-smoker, smoker), which impacts the premium rates.
  • 5. Are there any discounts available?

    Ans: Yes, there are several discounts:
    - Discounts for female policyholders
    - Premium discounts for higher sum assured options (₹50 Lakhs and above).
  • 6. What benefits does the plan offer?

    Ans: Benefits include:
    - Comprehensive death benefit for family security
    - Premium discounts based on lifestyle
    - Flexible policy terms
    - Tax benefits under current tax laws.
  • 7. What is the Free Look Period?

    Ans: The Free Look Period allows you to review the policy for 15 days after receiving it. If you disagree with any terms, you can return the policy for a full refund (minus certain deductions).
  • 8. How can I nominate a beneficiary?

    Ans: You can nominate a person to receive the death benefit by filling out the Proposal Form. You can change the nominee anytime by notifying the insurer in writing.
  • 9. What happens if I miss a premium payment?

    Ans: If you miss a payment, a 15-day grace period is allowed for monthly premiums and 30 days for other modes. If payment isn't made within the grace period, the policy will lapse, and benefits will not be payable.
  • 10. Can I revive a lapsed policy?

    Ans: Yes, a lapsed policy can be revived within two years by requesting it in writing and providing proof of insurability. All overdue premiums must be paid for revival.
  • 11. What is the exclusion in this plan?

    Ans: The only exclusion is for suicide. If the life assured dies by suicide within 12 months of the policy start date, the nominee will not receive any benefits. After 12 months, the full death benefit is payable.
  • 12. How can I check my policy details?

    Ans: You can check your policy details via:
    - Customer care by calling 1860 120 5577
    - Online through the Max Life Insurance customer portal
    - SMS by sending your policy number
    - Visiting the nearest Max Life Insurance branch.
  • 13. How do I buy the Max Life Platinum Protect II Plan?

    Ans: You can purchase the plan online through the official Policybazaar website by submitting your details and choosing your preferred payment mode.
  • 14. How can I contact customer care for support?

    Ans: You can contact Max Life Insurance customer care via:
    - Email: service.helpdesk@maxlifeinsurance.com
    - WhatsApp: Text 'Hi' to 742 839 6005
    - Phone: 1860 120 5577
    - Visit a branch for in-person assistance.

Premium By Age

Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in



Choose Term Insurance Plan as per you need

Plans starting from @ ₹473/Month*
Term Insurance
1 Crore Term Insurance
Term Insurance
2 Crore Term Insurance
Term Insurance
4 Crore Term Insurance
Term Insurance
5 Crore Term Insurance
Term Insurance
6 Crore Term Insurance
Term Insurance
7 Crore Term Insurance
Term Insurance
7.5 Crore Term Insurance
Term Insurance
8 Crore Term Insurance
Term Insurance
9 Crore Term Insurance
Term Insurance
15 Crore Term Insurance
Term Insurance
20 Crore Term Insurance
Term Insurance
25 Crore Term Insurance
Term Insurance
30 Crore Term Insurance
Term Insurance
15 Lakh Term Insurance
Term Insurance
60 Lakh Term Insurance

Term insurance Articles

  • Recent Article
  • Popular Articles
10 Dec 2024

Does HDFC Term Insurance Come Under Section 80C...

Many people wonder about its tax benefits when purchasing a term

Read more
09 Dec 2024

How to Study Abroad for Free with the Right Term...

Studying abroad can be a life-changing experience, offering

Read more
06 Dec 2024

HDFC Life Insurance Income Replacement in Tamil...

The divide between rural and urban lifestyles in Tamil Nadu is

Read more
06 Dec 2024

HDFC Life Insurance Income Replacement in Sikkim

Sikkim, a state rapidly advancing through industrialisation and

Read more
06 Dec 2024

HDFC Life Insurance Income Replacement in...

With 62% of Rajasthan's population dependent on agriculture, the

Read more

Term Insurance Calculator Online : Get Instant...

Term Insurance Calculator [[ Term Insurance Calculator - Calculate your term insurance premium for free Term

Read more

Best Term Insurance Plan for 1 Crore : Buy Best...

A ₹1 crore term insurance plan ensures financial security for your family by providing a ₹1 crore payout as a

Read more

LIC Surrender Value After 10 Years Calculator

The surrender value of a LIC insurance policy is the amount that the policyholder will receive if they decide to

Read more

Claim Settlement Ratio of Term Insurance Plan...

Claim Settlement Ratio (CSR) is an important parameter in the selection of an insurance policy. If you are going

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