Max Life Term Insurance Calculator

Max Life Term Insurance Calculator is a freely available online financial planning tool that helps calculate the premium amount that you are required to pay for the desired insurance coverage and benefits of the policy.This term insurance premium calculator considers certain factors such as age, annual current income, gender, and lifestyle habits of the policyholder for deciding the premium that best fit your requirements and life objectives. Read on to know more in detail: 

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Get ₹1 Cr. Life Cover at just ₹449/month*
No medical
checkup required
Tax Benefit
Upto Rs. 46800
Life Cover Till Age
99 Years
8 Lakh+
Happy Customers

*Tax benefit is subject to changes in tax laws.

**All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply

Get ₹1 Cr. Life Cover at just ₹449/month*
No medical checkup required
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What Does a Max Life Term Insurance Calculator Do for You?

Max Life Term Insurance Calculator provides an estimation of the premium that one would require to pay for protecting his/her family financially. If possible, the life cover should always be large enough to protect one’s family’s financial requirements in case of uncertainty. Also, the premium payable for the chosen cover should fall within the policyholder's monthly budget. The Max Life Term Insurance Calculator provides the required amount of premium payable for the chosen cover amount, based on the following parameters:

  • Amount of Life Cover: It is the amount insurer will pay to policyholder’s loved ones or nominee in case of his/her death occurs within the term of that policy. The suggested life coverage amounts to go for should be at least 10X the policyholder's yearly income.

  • Policy Term: The policy tenure is the time for which the plan provides coverage. In case of unfortunate demise within the policy term, the policyholder’s nominee or family would receive the life cover amount.

  • Flexibility to choose riders: Riders are the add-ons that policyholders select while buying the term insurance plan by paying an additional amount of premium. They also help in providing additional coverage above the amount of life cover.

  • Lifestyle and Age: Age while purchasing the policy decides the premium amount. Along with age, other factors such as lifestyle habits (smoker, tobacco smoking, or non-smoker) can also be well-thought-out while evaluating the premium amount.

How to Use Max Life Term Insurance Calculator?

Max Life Term Insurance Calculator offers several ways of computing premiums for term insurance plans. The online term plan of the company can be easily accessed right from the homepage of the website. The step-by-step guide of using the Max Life Term Insurance Calculator is given below:

Step 1 -  Visit the Official website of Max Life Insurance and select ‘insurance calculators’ on the homepage

Step 2 – Alternatively, you can choose the ‘Calculate Premium’ tab present on the individual pages of the product.

Step 3 – Then, enter your basic details in the Max Life Term Insurance Calculator such as date of birth, gender, income, age, contact details, smoking habits.

Step 4 – Select the following information

The amount of life cover, policy term, premium payment term, mode of paying a premium.

Step 5 – After entering these details, the Max Life Term Insurance Calculator will determine the exact sum required to invest to achieve the target.

Step 6 – The premium amount can be adjusted while changing the parameters such as age, life cover, gender.

Step 7 – Once finalizing the policy, you can pay the amount of premium and buy the policy.

Benefits of Max Life Term Insurance Calculator

Max Life Term Insurance Calculator offers the following benefits:

  1. Choose Right Amount of Cover

    This Max Life term insurance calculator provides you an estimate of the life coverage amount that helps cover your family’s financial requirements and your liabilities and the premium paid under that plan. The selection of cover amount depends upon different parameters like annual income, marital status, current liabilities, number of dependents, and several other parameters. 

  2. Comparing Policies 

     Life Term Insurance Calculator eliminates the requirement of insurance agents. The insurance buyer can easily decide by comparing and then choosing the right policy that suits him/her with ease by learning about the premiums on rider benefits, covers, eligibility, etc.

  3. Saves Time 

    Now you can easily compute your premium and life cover by just entering basic details. Your premium quotes will be generated in a couple of minutes.

  4. Cost-Saving 

    By using a Max Life Term Insurance Calculator, you can choose the highest amount of cover that suits your budget. You can also go for additional benefits at the right possible premium rates.

  5. Free of Cost 

    This calculator is free to use and easy to understand.

  6. Final Decision Maker  

    Max Life Term Insurance Calculator helps you in comparing premium rates of the policy of different plans which can help you in making the right purchasing decision.

why buy term insurance

FREE Term Life Insurance Quotes in minutes

  • The Best Price
  • Get Upto 10% Online Discount
  • Dedicated Claim Assistance Program

*Standard T&C Apply

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Max Life Term Insurance Calculator Reviews & Ratings

4 / 5 (Based on 51 Reviews)
(Showing Newest 10 reviews)
Bhikiyasen, March 02, 2021
Fulfil the requirement
My term insurance plan has fulfilled my and my family requirements. It has so many additional features which will make my term plan worth it. I got the max life term insurance policy. Great team.
Barwani, February 19, 2021
Survival plan
I have got the survival plan when I bought this max life term insurance policy from the policybazaar. I checked few plans into the website and found this amazing plan. I am thanks to team policybazaar.
Uttamnagar, October 17, 2016
Beneficial Policy
The max life term insurance plan i have bought in low premium is fully satisfactory to me. Services provided by the members of the insurance company is fantastic, online renewal facility reduces the paperwork. The updates regarding insurance plan is mailed to me regularly.
Amalapuram, September 26, 2016
Fair Insurance
Got max life term insurance plan in less premium. The service is fantastic with 24X7 customer service. Online renewals and updates are on website of the company. Policy covers maximum expenditure and claims are simple to sanctioned.
Greater_noida, July 26, 2016
Max insurance plan
My friend suggest me to buy a insurance policy. After some researching i purchase term insurance plan from max newyork life insurance. The insurance plan is perfect. Even the online portal service is so simple anyone can access it. Good returns in low premiums.
Nainital, July 26, 2016
Term plan
Max life term plan of mine is fantastic which has maximum benefits and high returns in less investments. Policy coverage is high ~89% and the claims are easy to get. Service is fabulous provided by the executives and staff of the company.
Aallapalli, March 29, 2016
Gonda, February 29, 2016
Good Service
Max life policy is a good policy in Term market. Policy Bazaar is a good supporter for customer. Thanks Policy Bazaar
Kolkata, February 06, 2016
I have life insurance and the premium is low. The claim is around 19 lakh at the end of the policy. The service is real good and on time. But the claiming process is slow. An average policy.
Plan Name: Online Term plan
Agent Code: BPW01312
Dehradun, February 06, 2016
Life secure with max insurance. Service is nice and fast. Policy coverage is 90% and claims are high but the premiums are very less. Around eighteen lakh is amount of payback at the end of policy.
Plan Name: Online Term plan
Agent Code: BPW01312
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