Max Life Term Insurance plan for housewife is a type of life insurance plan that offers a guaranteed payout to the family of the housewife in case of an unforeseen event with the housewife. This guaranteed amount is offered against premium payment made by the life assured. Max Term plan is the safest option for a housewife if you want to buy a term insurance plan.Read more
+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
It offers you better returns at low premium rates. Let’s understand in detail Max term plan for housewife:
Max Life Insurance Company Limited, a leader in the insurance industry, is a joint venture between Max India Limited and Mitsui Sumitomo Insurance Company Limited. The company offers a wide variety of term plans that promise to fulfill the customer’s requirement on a go. With a Max-term plan for housewives, you can help your loved ones emotionally and financially in your absence. The payout from this plan can be used to maintain the household and to help in the child’s education and well-being.
Max Life Smart Secure Plus, offered by the insurer provides better options for housewives such as the premium amounts are comparatively lower for female lives as compared to men. The entry age of a term insurance plan is from 18 years to 65 years.
The following are the points that make Max term insurance plan for housewife a better option:
Financial protection: Max term insurance plan provides financial security to your loved ones and helps them to pay for long- and short-term future goals
Buy online: You can purchase the Max life term plan online in a couple of minutes without any hassles
Secures your child’s future: The Max term insurance plan for housewife offers benefits for the well-being of her children, enabling her to guarantee the bright future of their children without having any financial burden.
Low premium: Premium discounts for female lives and non-smokers
Flexibility to pay a premium: The option to pay premium amounts as per your convenience i.e. annually, semi-annually, quarterly, and monthly premiums payment modes are available.
Long cover tenure: Choose your own desired policy tenure with coverage available till 85 years of age.
Death benefit options: This option allows you to choose from multiple options to make sure that the sum assured is sufficient even in the long run.
Premium Break: Once the plan is in effect for 10 years, you can take a premium break or a premium holiday from paying the premium.
Special exit value: You get a one-time option to exit the plan with an exiting benefit of the return of premiums.
Sum Assured Top-up: You can enhance the sum assured anytime during the policy term with this feature.
Policybazaar offers you the option to find and compare different term insurance plans from 15 insurance companies in a couple of minutes. It also offers dedicated claim assistance.
Here is a step-to-step guide to buy a term insurance plan from Policybazaar:
Step 1: Visit the ‘Term Insurance Plan for Housewife’ Form
Step 2: Fill in all the required details like name, contact number, and date of birth. Then, click on ‘View Plans’.
Step 3: Answer the basic questions about occupation type, annual income, educational qualification, and smoking habits.
Step 4: After submitting all this information, a list of all available term insurance plans for housewives will be displayed
Step 5: Select the Max Life Term insurance using the filter option
Step 6: Then, proceed to pay if the plan suits your requirements.
Max Term insurance plans should be purchased by an individual who is looking out for financial security and stability. So, if you are a housewife, and thinking of buying a term insurance plan, then always make sure to compare various plans offered by different insurers. One should always be aware of the key features, benefits, and terms and conditions of the policy. Investing in term insurance is a smart decision for a housewife.
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