Max Life Term Insurance Calculator

Securing your life objectives with a Max Life Term insurance plan is now that easy! Max Life Insurance Company is one of the leading private insurers in the life insurance market. With its diverse-ranging products, it helps policyholders to meet their needs and fulfill their life objectives. Customers are free to check the amount that they have to pay for the term insurance policy by using the premium calculator available on the insurer’s website.

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Get ₹1 Cr. Life Cover at just ₹449/month*
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*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*
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What is Max Life Term Insurance Calculator? 

Max Life Term Insurance Calculator is a unique financial planning tool that helps to estimate the premium that a policyholder has to pay against a selected term insurance plan. This calculator uses the parameters such as age, annual current income, gender, and lifestyle habits of the policy aspirant for deciding the premium. 

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.

  • Additional Benefits: 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.

  • Period of Premiums Payment: The policyholder has the option to choose his/her premium payment term, which can be monthly, quarterly, half-yearly, or yearly.

  • 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.

  • Premium Payment Option: You have the option to choose the premium payment from the following:

    • Regular Pay: In this, you can pay for the complete policy term regularly

    • Limited Pay: In this, you pay for a shorter duration

    • Single Pay: In this, a one-time payment is possible

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

Step 2 – Click ‘insurance calculators’ on the homepage

Step 3 – Now, various tools will be displayed such as retirement planning calculator, marriage expense planner, child education planner, and savings planner, etc.

Step 4 – These tools help you find the accurate amount you should invest to achieve the desired goals of the investment.

Step 5 – Alternatively, you can choose the ‘Calculate Premium’ tab present on the individual pages of the product.

Step 6 – Then, enter your basic details such as date of birth, gender, income, age, contact details, smoking habits.

Step 7 – Then, select the following information: the amount of life cover, policy term, premium payment term, mode of paying a premium.

Step 8 – After entering these details, the Max Life Term Insurance Calculator will determine the exact sum required to invest to achieve the target.

Step 9 – The premium amount can be adjusted while changing the parameters such as age, life cover, gender.

Step 10 – 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:

  • Choose Right Cover: This calculator provides you with a complete estimate of life coverage that many want for your family’s requirements and the premium paid under that plan. The selection of coverage depends on various other factors like gender, age, yearly income, etc.

  • 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.

  • 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.

  • Cost-Effective – By using a Max Life Term Insurance Calculator, you can choose the highest amount of cover that fulfills your requirements. You can also go for additional benefits at the right possible premium rates.

  • Free of Cost – This calculator is free to use and easy to understand.

  • 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.

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Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
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Average Rating
(Based on 51 Reviews)
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Max Life Term Insurance Calculator Reviews & Ratings

4 / 5 (Based on 51 Reviews)
(Showing Newest 25 reviews)
Rashid
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.
Varun
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.
Kishan
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.
Kapil
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.
Hitesh
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.
Bhavya
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.
RAHUL
Aallapalli, March 29, 2016
EASY CLAIM
GOOD SERVICE
Pankaj
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
Deepak
Kolkata, February 06, 2016
"Average"
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
Kunal
Dehradun, February 06, 2016
"Superb"
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
Avinash
Ghaziabad, February 06, 2016
"Good"
I have life policy with max insurance and the policy is really nice with good policy coverage. The claims are twelve lakh rupees. The time period to get claim is few days and the daily update is mailed and texted to my account.
Plan Name: Online Term plan
Agent Code: BBE06765
Anil
Navi_mumbai, February 06, 2016
"Not Good"
The policy i have is from max insurance is bad. The number of hospital is large but the service is bad. All service is slow, the policy coverage and claims are none. Bad policy, really disappointed.
Plan Name: Online Term plan
Agent Code: BPW01312
KUNAL
Mumbai, February 06, 2016
"Good One"
I purchase term plan from max life, the policy provide good benefits like low premiums, policy coverage is 70%, claims are high ~Rs.18 lakh, services are very fast. I like the policy, good job guys.
Plan Name: Online Term plan
Agent Code: BBE06895
Shreyas
Bengaluru, February 06, 2016
"Average"
I have a policy with max life, it is an average policy with low premiums. The policy coverage is 60% and the service is slow that's why the payback amount is not on time. Claim is ~Rs.12 lakh.
Plan Name: Online Term plan
Agent Code: BBE06765
Pranav
Navi_mumbai, February 06, 2016
"Best"
Buy insurance by Max life. Really need one because of insecure life in today's world. Policy cover Pretty much high coverage with low premiums. Claims are 90% and the service is best and fast. I Like the policy.
Plan Name: Term plan-Monthly Income
Agent Code: BBE06765
A
Chennai, February 05, 2016
"Good Policy"
Recently bought insurance from Max life. The service is good with low premiums. Policy coverage is 80% and claims are easy to get approx. Rs.21 lakh. I'm happy with the services you provide.
Plan Name: Online Term plan
Agent Code: BPW01312
Manoj
Chennai, February 05, 2016
"Average"
I bought policy by max insurance. Claims are 60% and premium is low. The coverage is less and no free ambulance provided. The service is slow and few hospitals are available at a time. An average policy i say.
Plan Name: Term plan-Monthly Income
Agent Code: BBE06765
Rohit
Pune, February 05, 2016
"Fine Policy"
Max life gave me very fine policy with good benefits. Policy coverage is attractive with ambulance facilities. Claims are about Rs.19 lakh and premium is low. Fine deal with good service.
Plan Name: Online Term plan
Agent Code: BBE06765
NILOTPAL
Durgapur, February 05, 2016
"Fine"
The policy i buy has all benefits. Policy coverage is high, even the ambulance is provided and cover the whole treatment. The claims are about 80% with low premiums. Really good prolicy.
Plan Name: Online Term plan
Agent Code: BBE06765
Ramanand
Kolkata, February 05, 2016
"Good"
I have insurance like every one with max life. Policy provide's great coverage and claims with low premiums. Having great experience yet, the service is good which done on time. Huge number of hospitals are there to provide cure in this policy.
Plan Name: Online Term plan
Agent Code: BPW01312
ASHWINI
Nasik, February 05, 2016
"Good Returns"
I have insurance with max life. The premiums are low and the returns are high. The policy coverage is 60% and the claims are 80%. The service is fast enough to done things on time with safety. Good policy.
Plan Name: Online Term plan
Agent Code: BPW01312
ROHIT
Bhopal, February 05, 2016
"Good Benefits"
Max is having great policies in all. I have one, with great benefits. The service is really very fast and on needed time. Policy coverage is good. Claims are high around 90%. Premiums are even low. The good one in all.
Plan Name: Term plan-Monthly Income
Agent Code: BBE06002
Rajeev
Patna, February 05, 2016
"Best for Life"
I have life insurance like every one else. My policy have great terms and conditions. The service you provided is the best and so quick on time. The daily update is send on cellphone. Claims and policy coverage is high with low premiums.
Plan Name: Online Term plan
Agent Code: BPW01312
Paramjeet
Raipur, February 05, 2016
"Average"
I purchase policy with max life. The policy coverage is around 80-89%. Claims are also high approx. Rs. 17 lakhs. The services are really fast with good response. Cashless garages are 90% of the city. Nice insurance with low premiums.
Plan Name: Online Term plan
Agent Code: BPW01312
Harsimar
Delhi, February 05, 2016
"Fine"
Max insurance offer me the finest policy which is so catchy I can't refuse. The customer services is so quick with great resopnse. Claims, policy coverage cashless garages all are highly simple with marvelous services.
Plan Name: Online Term plan
Agent Code: BBE06765
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