Max Term Plan For Housewives

The job of a housewife is as important as any other job of a family member. From doing household chores to looking after their children, a housewife bears the entire responsibility of all the family members. But have you ever wondered what will happen if the housewife is no longer around you to look after the house? It surely going to affect the family member emotionally and financially as well. In such situations can a housewife avail of a term insurance plan for the protection of her family?

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Max Term plan is the safest option for a housewife if you want to buy a term insurance plan. It offers you better returns at low premium rates. Let’s understand in detail about Max term plan for housewife: 

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 fulfil the customer’s requirement on a go. Max term plans also provide better options for housewives like 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. 

  • You can purchase Max life term plan online 
  • It provides you an option of 3 death benefits 
  • Availability of riders such as accident benefit rider and waiver of premium rider. 
  • Premium discounts for females
  • Get the tax benefits on the paid premiums as per the prevailing laws of the Income-tax act. 

Mrs. Kapoor is a housewife and a homemaker. She loves staying at home and taking care of her children, their studies, house bills, food, and laundry which is needed in a house for a good lifestyle. But now she has started wondering can she also avail term insurance plan? But as a housewife, it is very important to know why do you need a term insurance plan. Here we have discussed some of the reasons which highlight the necessity of a term plan for you and your dear ones. 

  1. Financial Protection 

    While you are not directly contributing to the financial status of your family, but in case if something happens to you, the payout from a term insurance plan will help your child in fulfilling his/her dreams. It also helps your loved ones to pay for long- and short-term future goals. Thus, whether you are employed or not, term insurance is a necessity as it provides financial security to your family. 

  2. High Coverage At Low Premiums 

    Term insurance is the safest type of plan that provides financial protection and security for your family. It provides an amount (coverage) to the policyholder’s beneficiary in case of any unfortunate event. You can purchase a Max term plan for housewife at low premium rates with better returns. A premium rebate is also provided to a female that depends on the term and conditions of the policy. 

  3. Joint Life Cover 

    In this, both husband and wife are the equal owners of the policy and if someday any unfortunate event happens to any one of them, the surviving one would be able to receive the benefits of life cover. In such situations, you both are prepared and secure to face any exigencies that would arise in the future. 

  4. Retirement Funds 

    If you want to increase your available amount during the golden years of your lives i.e., after the retirement years. It is very important to invest in an annuity/pension plan. A pension plan will take care of you and it also makes sure that you have enough amount of money or funds to pay for your medical expenses, and other living expenses. If you are not an employed woman, then also you can think of purchasing an annuity/pension plan for your long-term requirements. 

  5. Coverage For Your Long-Term Future Objectives 

    Max Term plan for housewife also offer survival benefits during the pre-specified policy years. These payouts help you completing the future goals of your family such as child’s marriage, marriage expenses, and other related expenses. So, if you are looking out for a plan that provides you the guaranteed payouts, ensure to go for a life insurance plan that has a money-back feature. 

  6. Additional Benefits – Riders 

    Riders are the add-on coverages that enhance the policy’s coverage. Along with your base insurance plan, you can also opt for a rider benefit that provides you sufficient protection and stability. Few riders available with life insurance plans are accidental death benefit rider, critical illness, accidental death, and disability riders. 

Wrapping It Up!

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.

Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
Average Rating
(Based on 51 Reviews)
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Max Term Plan For Housewives 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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