Max Life Insurance Plans
Online Insurance Plans
Purchasing a policy online allows theconvenience of buying a policy 'anytime' and 'anywhere' via a host of secure payment options. The premiums of online plans are cheaper than their offline version, transferring the benefit to the policyholder. You can also pay all renewal premiums online.
Max Life Online Term Plan Plus
An affordable term plan that provides protection against the risk of Death, Disease,and Disability. Additional life cover at nominal cost through adifferent type of riders.Max Life brings to you Online Term Plan Plus that provides a secure financial future for your loved ones, against the risks of Death, Disease and Disability.
Reasons to buy Online Term Plan Plus
- Choice of death benefit options
- Option to pay your premiums till age 60 (you retire) and enjoy the benefit till coverage term.
- Additional Protection with Additional Liabilities.
- Comprehensive protection against Death, Dismemberment & Critical Illness
- Hassle free online application process
Eligibility
| Age at Entry (age as on last birthday) |
Minimum - 25 years
Maximum - 65 years |
| Maximum Maturity Age |
75 years |
| Clause on Nationality needs to be added |
- This plan is to be offered to Resident Indian Nationals only
- NRIs, PIOs, OCIs or foreign nationals of Indian Origin are not eligible for this plan
|
Max Life Cancer Insurance Plan
A comprehensive Cancer Insurance Plan that provides a payout at all stages of Cancer. Offer 10% increase in original sum assured in case of no claims for the first 5 years.Max Life Cancer Insurance plan provides comprehensive protection against all stages of Cancer. If detected at an early stage, 20% of the cover paid upfront and all future premiums are waived. If detected at a major stage, full cover amount is paid with additional 10% as income for next 5 years. The plan offers cover till age 75 years.
Reasons To Buy Cancer Insurance Plan
- Comprehensive protection against all stages of Cancer
- Payout on diagnosis, regardless of the stage of Cancer
- Sum insured increase by 10% for 1st five claim-free years at no extra cost
Eligibility
| Age at Entry (age as on last birthday) |
Minimum - 25 years
Maximum - 65 years |
| Maximum Maturity Age |
75 years |
| Clause on Nationality needs to be added |
- This plan is to be offered to Resident Indian Nationals only
- NRIs, PIOs, OCIs or foreign nationals of Indian Origin are not eligible for this plan
|
Max Life Term Insurance Plans
Term insurance plans can provide financial protection for your family, helping them maintain their lifestyle even in your absence. It is a smart way to manage your finances with flexible options that suit your life stage and financial goals.
Max Life Super Term Plan
Max Life Super Term Plan is one of the best plans that can take care of your family’s financial needs in case something happenned to the insured. In addition to that, it also helps the family to cope up with rising inflation with its unique increasing life cover option. With this option, your life cover starts increasing by 5% every year at simple rate till the end of the policy term without any increase in the premium. This ensures that your family is able to meet ever-increasing expenses, even when you are not around.
Reasons to buy Max Life Super Term Plan
- Meets family’s financial needs and counters inflation with an increasing life cover option
- Offers comprehensive insurance cover at affordable rates
- Let you choose the benefit payout as lumpsum or lumpsum plus increasing monthly income according to your needs
Eligibility
| Minimum/ Maximum Age of Life Insured at Entry (age as on last birthday) |
Minimum Age - 18 (Eighteen) years
Maximum Age - 65 (Sixty Five) years |
| Maximum Maturity Age of the Life Insured (age as on last birthday) |
75 (Seventy Five) years |
Max Life Online Term Plan Plus
Offer coverage for up to 40 Critical Illnesses along with the flexibility to choose the death benefit payout aslumpsum or lumpsum with monthly income. You may also get comprehensive coverage against death, disability, and diseases with riders.
It is a term plan that provides protection against the risk of Death, Disease,and Disability. Additional life cover at nominal cost through adifferent type of riders.Max Life brings to you Online Term Plan Plus that provides a secure financial future for your loved ones, against the risks of Death, Disease and Disability.
Reasons to buy Online Tem Plan Plus
- Choice of death benefit options
- Option to pay your premiums till age 60 (you retire) and enjoy the benefit till coverage term.
- Additional Protection with Additional Liabilities.
- Comprehensive protection against Death, Dismemberment & Critical Illness
- Hassle free online application process
Eligibility
| Age at Entry (age as on last birthday) |
Minimum - 25 years
Maximum - 65 years |
| Maximum Maturity Age |
75 years |
| Clause on Nationality needs to be added |
- This plan is to be offered to Resident Indian Nationals only
- NRIs, PIOs, OCIs or foreign nationals of Indian Origin are not eligible for this plan
|
Max Life Premium Return Protection Plan
Offers guaranteed return of total premiums (including extra premiums) at maturity. You will also get the flexibility to choose a protection coverage period of 20/25/30 years.Moreover, Max Life Premium Return Protection Plan not only offers you protection coverage, but also has the benefit of return of premium payment at the end of the policy term, on survival of the life insured.
Reasons you should buy this plan
- Pay for a limited premium payment term of 11 years only and enjoy lifetime benefits
- Get guaranteed return of total premiums paid in case of survival at maturity
- Flexibility to choose of protection period (20/25/30 years)
| Policy Term |
Minimum Entry Age (Age as on Last Birthday) |
Maximum Entry Age (Age as on Last Birthday) |
| 20 years |
21 years |
55 years |
| 25 years |
50 years |
| 30 years |
45 years |
| Maximum Maturity Age (Age as on Last Birthday) |
75 years |
- |
Max Life Health Plans
Health Plans help you to be financially prepared for such situations by providing you coverage for your medical recovery.
Max Life Cancer Insurance Plan
Max Life Cancer Insurance plan provides comprehensive protection against all stages of Cancer. If detected at an early stage, 20% of the cover paid upfront and all future premiums are waived. If detected at a major stage, thefullcover amount is paid with additional 10% as income for next 5 years. The plan offers cover till the age of 75 years.
Reasons to buy Cancer Insurance Plan
- Comprehensive protection against all stages of Cancer
- Payout on diagnosis, regardless of the stage of Cancer
- Sum insured increase by 10% for 1st five claim-free years at no extra cost.
Eligibility
| Age at Entry (age as on last birthday) |
Minimum - 25 years
Maximum - 65 years |
| Maximum Maturity Age |
75 years |
| Clause on Nationality needs to be added |
- This plan is to be offered to Resident Indian Nationals only
- NRIs, PIOs, OCIs or foreign nationals of Indian Origin are not eligible for this plan
|
Child Insurance Plan
A child insurance plan is a combination of insurance and investment that ensure a secure future for your child. Life cover is available as a lumpsum payment at the end of policy term.
Max Life Future Genius Education Plan
It comes out with lumpsum benefit to fulfill your child’s dreams along with immediate payouts in case of anunfortunate event. It also offers aregular payout to fund your child's education.The insurance plan provides flexibility to parents to choose premium payment term, policy term & the timing of moneybacks depending on the education needs of their child.
Reasons to buy
- Fulfill your child's higher education needs
- Make your child’s dream marriage plans come true
- Provide financial security to your child during emergencies.
Eligibility
| Age at |
Minimum entry age - 21 years
Maximum entry age - 45 years |
| Maximum Maturity Age |
66 years |
Max Life Shiksha Plus Super Plan
Safeguard your fund against market volatilities. It provides guaranteed loyalty benefits at the end of each policy year. It offers the financial security for your child, in case of an unfortunate event.
Reasons to buy?
- Insurance with flexibility to invest in equity market with multiple fund options
- Financial security for your child during emergencies
- Funds to meet your child's higher education costs & future expenses
Eligibility
| Entry Age (Age as on last birthday) |
21 to 50 years
The Policyholder (who shall also be the Life Insured) should have a child (own or legally adopted) aged 0 - 18 year |
| Maximum Maturity Age (Age as on last birthday) |
For 5 Pay – 60 years
For Regular Pay - 65 Years |
Retirement plans
Retirement plans are insurance products designed to provide you financial security once your working income stops.
Max Life Forever Young Pension Plan
It helps you to create savings for retirement years while protecting you from ups and downs of the equity market. You can also get additional annuity advantage to safeguard your partner and your family against unforeseen events so that you and your loved ones can easily live life on your terms.
Reasons to buy
- Build a large corpus to fulfill your retirement goals
- Shield your savings from market downturns
- Secure your spouse’s future financially, even if you are not around
Eligibility
| Minimum and Maximum Entry Age |
30 - 65 Years |
| Minimum and Maximum Vesting Age |
Minimum: 50 years (55 years for policies sourced under Qualifying Recognized Overseas Pension Scheme (QROPS), as per prevailing Her Majesty’s Revenue & Customs (HMRC) regulations )
Maximum: 75 years |
Max Life Guaranteed Lifetime Income Plan
Max Life Guaranteed Lifetime Income Plan is an annuity plan that allows you to convert your life-saving into a lifelong regular income source. It can be a smart way to make sure that your regular income stream continues and assists you to stay on top of your expenses.
Reasons to buy
- Guaranteed income for your needs, as long as you live
- In your absence, your partner can continue receiving the income under the joint life annuity
- After the death of the annuitant(s), nominee will get the purchase price of the policy.
Eligibility
| Entry Age* |
Minimum: 50 years, (55 years for policies sourced under Qualifying Recognized Overseas Pension Scheme (QROPS), as per prevailing Her Majesty’s Revenue & Customs (HMRC) regulations)
Maximum: 80 years |
*In case of purchase of annuity from Death / Surrender benefit proceeds of the pension accumulation plan of the Company, the minimum entry age can be less than 50 years and the minimum purchase price can be less than Rs. 1,00,000. However, the annuity option available will be Single Life Annuity For Life Option only.
Please note that annuity below age 50 will be offered only in case the annuity is purchased from the proceeds arising out of the Surrender Benefit, Death Benefit, or Maturity Benefit payable under the Company’s pension accumulation plan.
Max Life Life Perfect Partner Super Plan
Max Life Life Perfect Partner Super Plan, which takes care of your partner’s financial needs with a life cover till you reach the age of 75 years. It bears your expenses easily after retirement through guaranteed annual money-back. Protect your wife’s future in case of eventualities with additional riders.
Reasons to buy
- Bear your expenses easily after retirement through guaranteed annual money-backs
- Protect your wife’s future in case of eventualities with additional riders
- Get life insurance coverage until the age of 75 years.
Eligibility
| Age at entry (age as on last birthday) |
- |
| Minimum Age at Entry |
91 days |
| Maximum Age at Entry |
55 years |
ULIPs
ULIPs are life insurance cum investment options which provide you an opportunity to invest in stocks, bonds or mutual funds for multiplied growth while providing you with a protection cover.
Max Life Fast Track Super Plan
It helps you to grow your fund with loyalty additions. Along with the same, it offers achoice of 5 funds; protection from market volatilities with two strategy options.
Reasons to buy
- Achieve long-term goals while securing your future through a single plan
- Enjoy market-linked returns by investing in any of the 6 fund options
- Get additional loyalty rewards for staying invested
Eligibility
| Age at Entry (Age as on last birthday) |
Minimum Entry Age |
18 years |
| Maximum Entry Age - 5 Pay and Single Pay |
60 years |
| Maximum Entry Age - Regular Pay |
50 years |
| Maximum Maturity Age (Age as on last birthday) |
55 years |
Max Life Platinum Wealth Plan
An ideal plan that helps you accumulate and grow your savings so that you achieve your long-term goals easily. Now, maximize your hard-earned money through market-linked returns and additional wealth boosters while protecting your family’s future, even when you are no longer around.
Reasons to buy
- Pay for a limited premium payment term of 11 years only and enjoy lifetime benefits
- Get guaranteed return of total premiums paid in case of survival at maturity
- Flexibility to choose of protection period (20/25/30 years).
Eligibility
| Policy Term |
Minimum Entry Age (Age as on Last Birthday) |
Maximum Entry Age (Age as on Last Birthday) |
| 20 years |
21 years |
55 years |
| 25 years |
50 years |
| 30 years |
45 years |
| Maximum Maturity Age (Age as on Last Birthday) |
75 years |
- |
Max Life Maxis Super Plan
A perfect plan which balances your fund between equity and debt exposure automatically so that your money grows with time without getting affected due to market volatilities.
Reasons to buy
- Choose the life insurance cover basis your age and requirements
- Grow your money while insulating it from market volatilities
- Get flexibility to invest into different funds based on your risk appetite and financial goals
Eligibility
| Minimum/ Maximum Age of Life Insured at Entry (Age as on Last Birthday) |
Minimum Entry Age : 18 years
Maximum Entry Age : 55 years |
| Maximum Maturity Age of the Life Insured (Age as on Last Birthday) |
70 years |
Savings Plans
Saving plans are life insurance products designed to support disciplined savings and at the same time ensure steady returns throughout the policy term which can be payable as monthly income or lumpsum depending on your need and choice.
Max Life Monthly Income Advantage Plan
Under this plan, you can get life coverage of up to 25 years with a limited premium payment term.Max Life Monthly Income Advantage Plan helps to ensure that you aren’t hard-pressed to meet these commitments in the future & your family remains financially secure, even in your absence.
Reasons to buy
- Get monthly income for 10 years after completing your premiums
- Get accrued bonuses along with Terminal Bonus on maturity of the policy
- In case of death, policy continues as is and your family receives policy benefits.
Eligibility
| Entry Ages (Age as on Last Birthday) |
Minimum entry age: 18 years
Maximum entry age: 12 Pay variant - 55 years, 15 Pay variant - 50 years |
| Maximum Maturity Age (Age as on Last Birthday) |
12 Pay variant - 77 years
15 Pay variant - 75 years |
Max Life Assured Wealth Plan
It offers guaranteed lump sum benefits through which you can easily meet your savings goal.
Why to buy?
- Get fully guaranteed lump sum maturity benefit to meet your savings goals
- Short premium payment term of 5 years and policy term of 10 years to help build wealth in a short time by saving systematically
- Lump sum death benefit is paid immediately on death of Life Insured ensuring complete financial security for your loved ones in your absence.
Eligibility
| Age of the Life Insured at Entry (age as on last birthday) |
Minimum entry age: 8 years
Maximum entry age: 55 years |
Max Life Guaranteed Income Plan
Max Life Guaranteed Income Plan is a savings plan which provides you a life cover with guaranteed payouts in the form of monthly income for a ‘Payout Period’ of 10 years.
Reasons to buy
- Guaranteed Income for 10 years that doubles after 5 years
- Immediate payout after policy term with no waiting period
- Guaranteed death benefit with option to get benefit as lumpsum or monthly income.
Eligibility
| Premium Payment Term |
6 years or 12 years (same as the policy term) |
| Age at entry (Age at last birthday) |
25-60 years |
25-55 years |
| Maximum Maturity Age (Age at last birthday) |
66 years |
67 years |
Max Life Whole Life Super
It is a savings plan which assists you in raising a corpus for your family. The plan provides you a life cover which will keep growing with the addition of the company bonuses & will last till you are 100 years old.
Reasons to buy
- You get a life insurance coverage till the age of 100 years
- You get a guaranteed payout along with company bonuses at maturity
- You get the flexibility to withdraw money to meet any financial commitment
Eligibility
| Premium Payment Term |
20 years |
| Maximum Age at Entry (Age at Last Birthday) |
0 years |
| Minimum Age at Entry(Age at Last Birthday) |
18 years |
Max Life Life Gain Premier
Max Life Gain Premier provides you long-term life coverage with the flexibility to choose between multiple premium payment terms. Depending on your family’s needs, you can enhance policy benefits with riders.
Reasons to buy
- You will get Guaranteed Sum Assured on maturity of the policy
- You get the flexibility to choose both the Premium Payment Term & the Policy Term
- You can withdraw money to meet any urgent requirement
Eligibility
| Entry Ages (Age as on Last Birthday) |
Minimum Age: 18 years
Maximum Age: 55 years for 15/20 year Policy Term, 50 years for 25 year Policy Term |
| Maximum Maturity Age |
For 15 years Policy Term: 70 years For 20 years and 25 years Policy Term: 75 years |
Max Life POS Guaranteed Benefit Plan
A plan that’s easy-to-comprehend, hassle-free to buy and provides guaranteed benefit to ensure financial security for your Dreams.
Reasons to buy
- Guaranteed Financial Protection Throughout The Policy Term
- Short Premium Payment Term and Policy Term
- Easy Plan and Simple Process
Eligibility
| Coverage |
All individuals |
| Age of the Life Insured at Entry (age as on last birthday) |
Minimum entry age: 18 years
Maximum entry age: 50 years |
| Maximum Maturity Age of the Life Insured (age as on last birthday) |
60 years |
| Premium Payment Term |
5 years |
| Policy Term |
10 years |
Max Life Group Insurance Plans
Max Life Group Plans designed for employers/banks/financial institutions helping their members to get cost-effective policies and secure their future.
Max Life Group Credit Life Premier Plan
Max Life Group Credit Life Premier Plan, a group master policy for borrowers of banks/ financial institution. In case of eventualities, Max Life pays the rest of the premiums so that your family doesn’t get the additional burden of paying off the loan liability besides undergoing emotional trauma.
Reasons to buy
- Ensures liabilities don’t get passed on to your loved ones in case of your unfortunate demise
- Saves banks/financial institution from running into losses due to default payments in case of death of the policyholder
- An attractive low cost protection to cover against loan during uncertainties
Eligibility
| Age at Entry |
Minimum age at entry |
| For education Loan |
14 years (age as on last birthday) |
| For any other type of loan (except education loan) |
18 years (age as on last birthday) |
| Maximum age at entry |
75 years (age as on last birthday) |
Max Life Group Gratuity Premier Plan
It is a plan is one such great employee retention tool which facilitates employers to fund their gratuity liability through good market-linked returns. This plan helps you to deliver long-term results for your investments depending upon the performance of the funds chosen by you.
Reasons to buy
- Meet your obligations under the Payment of Gratuity Act 1972 with good market-linked returns
- Pay low maintenance charges with good market-linked returns
- Manage large scale gratuity payment effectively with complete assistance from the company.
Eligibility
| Group Size |
Minimum: 10 at time of choosing scheme
Maximum: No limit |
| Policy Term |
One Year Renewable Scheme |
| Entry Ages for employees (as on last birthday) |
Minimum - 18 Years
Maximum -74 Years |
Max Life Group Super Life Premier in lieu of EDLI
Max Life Group Super Life Premier is one such plan that helps you offer financial security to your employees. It is also a better alternative for EDLI Plan of EPFO.
Max Life Group Super Life Premier
Max Life Group Super Life Premier is a flexible group plan that can be clubbed with available riders to enhance protection for your employees and their families.
Reasons to buy
- You can provide better financial protection to your employees’ families
- With low cost insurance you can improve employee retention
- You can get certain tax benefits based on the prevailing tax laws.
Eligibility
| Policy Term |
1 year |
| Minimum group size |
10 Members in case of Employer-Employee Groups and 50 Members in case of Non-Employer-Employee Groups |
| Maximum group size |
No limit |
| Event covered |
Death (natural or accidental) |
| Minimum sum assured |
₹1,00,000 for a scheme. ₹5,000 for a member |
Max Life Pradhan Mantri Jeevan Jyoti Bima Yojana
Max Life Pradhan MantriJeevanJyotiBimaYojana aims to provide life cover to bank account holders at a very affordable cost. The group scheme can help your bank in increasing customer retention. You can partner with Max Life Insurance for a simple and subscriber-friendly administration and claim settlement process.
Reasons to buy
- You can provide better financial protection to your employees’ families
- With low cost insurance you can improve employee retention
- You can get tax benefits while meeting compliance
Eligibility
| Minimum entry age |
18 years age last birthday |
| Maximum entry age |
74 years age last birthday |
| Maximum maturity age |
75 years age last birthday |
| Minimum Uniform Sum Assured |
Rs. 6,01,000 per member |
| Maximum Sum Assured |
Rs. 6,10,000 per member |
Max Life Group Credit Life Secure Plan
Max Life Group Credit Life Secure Plan, a plan that provides cover against theloan in the event of borrower's death during the period of coverage.
Reasons to buy
- Saves banks/financial institution from default payments in case of death of the policyholder
- An attractive low-cost value added plan to cover against loan during uncertainties
- Safeguard borrower’s family from paying-off the rest of the loan liabilities in case of eventualitiess
Eligibility
| Minimum entry age |
15 years (age as on last birthday) |
| Maximum entry age |
75 years (age as on last birthday) |
| Maximum age at Maturity |
77 years (age as on last birthday) |
| Minimum Policy Term |
2 years |
| Maximum Policy Term |
Till 77 years (age as on last birthday) subject to maximum of 30 years. |
