Max Life Insurance

Max Life Insurance Company is a joint venture between Max Financial Services and Axis Bank. Max Life Insurance provides comprehensive protection and long-term savings life insurance solutions. Max Life Insurance plans are specifically designed to fulfil the needs of its customers.

Key Features of Max Life Insurance Company

With so many life insurance companies available in India, choosing an ideal one can be a hectic task. It is important that you choose the right insurer and the right plan that will best suit the potential needs of your family. So, before choosing any life insurance company, you need to check some important factors of the insurance company such as claim settlement ratio, solvency ratio, annual premium and operating network.

To help you analyze the performance of Max Life Insurance company, we have explained the above-mentioned factors to give an insight into the company's performance:

Max Life Insurance Plans

Max Life Insurance offers Life Insurance and Investment plans with several plan options. These insurance policies offered by Max Life come with riders that users can purchase to enhance their coverage.

Let's look at a quick overview of the insurance plans offered by the company.

1. Max Life Term Insurance Plans

   Max Life Term Insurance Plans provide financial protection to the family in the unfortunate event of the policyholder's death during the term of the policy.

   Plan	Entry Age	Tenure	Minimum Sum Assured
   Max Life Smart Secure Plus Plan	Minimum Age:- 18 years Maximum Age:- Regular Pay:- 65 years Pay till 60:- 44 years	10-67 years	Base Death Benefit Rs. 20,00,000 For Secondary Life, in Joint Life: Rs. 10,00,000

   Know More About: Max Life Term Insurance Plans

2. Max Life Child Insurance Plans

   Child insurance plans are a blend of insurance and investment that assures a secure future for your child. These plans are ideal to create a corpus to fund the child's education.

   Plan	Entry Age	Tenure	Minimum Sum Assured
   Max Life Future Genius Education Plan	Minimum:- 21 years Maximum:- 45 years	13-21 years	8 Pay variant: Rs. 3,27,000 Limited Pay variant: Rs. 2,12,000 (subject to minimum premium limits)
   Max Life Shiksha Plus Super	Minimum:- 21 years Maximum:- 50 years	5 Pay Variant:- 10 years Regular Pay Variant:- 15 to 25 years	5 Pay: Rs 500,000 Regular Pay: Annual Mode: Rs. 2,50,000 Non-Annual Mode: Rs. 4,80,000

3. Max Life ULIP Plan

   Plan	Entry Age	Tenure	Minimum Sum Assured
   Flexi Wealth Advantage Plan	Minimum:- 91 days Maximum:- 70 years	10 to 30	Wealth variant: Single Pay: Rs. 250,000 Limited Pay: Rs. 350,000 Regular Pay: Rs. 1,75,000 Whole life variant: Limited Pay: Rs. 700,000
   Platinum Wealth Plan	Minimum:- 91 days Maximum:- 60 years	Single Pay: Policy Term of 10 years Limited Pay: Option to choose Policy Term from 10 years to 20 years Regular Pay: Option to choose Policy Term from 10 years to 20 years	Single Pay: Rs. 2,50,000 Limited Pay & Regular Pay ₹ 20,00,000
   Fast Track Super	Minimum:- 91 days Maximum:- 60 years	10 years for Single Pay / 5 Pay and 20 years for Regular Pay	-

4. Max Life Savings & Income Plans

   Savings & Income plans support disciplined savings and make sure that the assured gets constant returns during the entire policy term. A life cover accompanies the plans, and the benefit is paid as monthly income or a lump sum amount (per the policyholder's choice). Max Life offers the following savings & income plans:

   Plan	Entry Age	Maximum Maturity Age	Policy Term
   Smart Wealth Plan	Minimum:- 91 days Maximum:- 65 years	80 years	N/A
   Whole Life Super	Minimum:- 18 years Maximum:- 60 years	100 years	100 years minus the age at entry of the life insured (age last birthday).
   Savings Advantage Plan	Minimum:- 91 days Maximum:- 65 years	80 years	10-30 years
   Assured Wealth Plan	Minimum:- 91 days Maximum:- 60 years	70 years	For PPT 5: 10, 15, 20 years For PPT 8: 16 years For PPT 10: 15, 20 years
   Monthly Income Advantage Plan	Minimum:- 18 years Maximum:- 55 years	90 years	10/20/30 years

5. Max Life Retirement Plan

   Retirement plans are insurance products designed to provide you with financial security for retirement life. The plan also secures your spouse and makes him/her financially independent in our absence. Max Life offers a range of retirement plans. Let’s take a look at them.

   Plan	Entry Age	Vesting Age	Policy Tenure
   Max Life Saral Pension	Minimum:- 40 years Maximum:- 80 years	NA	NA
   Max Life Forever Young Pension Plan	Minimum:- 30 years Maximum:- 65 years	Minimum:- 50 years Maximum:- 75 years	Minimum:- 10 years Maximum:- 75 years, less entry age
   Max Life Guaranteed Lifetime Income plan	Minimum:- 0 years Maximum:- 80 years	Minimum:- 1-year Maximum:- 90 years	NA
   Maxlife Life Perfect Partner Super	Minimum:- 91 days Maximum:- 55 years	NA	7,10,15 & 20 years
   Max Life Smart Fixed-return Digital Plan	NA	NA	NA

Claim Process Of Max Life Insurance

Every claimant/nominee is assigned a dedicated Claims Relationship Officer who helps through the entire process. The life insurance claim Settlement process at Max Life Insurance involves the following three steps:

• Claim Registration & Document Submission
• Claim Evaluation
• Claim Decision & Settlement

Documents required to register a claim are:

• Original policy document
• Original/attested copy of death certificate
• Form A - Death claim application form
• NEFT mandate form attested by bank authorities
• Canceled cheque/passbook of bank account
• Nominee's photo ID

Additional documents such as death summary attested by hospital authorities of FIR and post mortem report are crucial in case of accidental deaths.

Note: Depending upon the TnCs of the plan, you might be required to submit some additional documents as well. We recommend that you should check the specific plan brochure for that.

How To Contact Max Life Insurance?

* Customers can also chat or write to the company to register feedback, queries, etc.