Max Life Insurance Plans

Max Life Insurance

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Max Life Insurance Company

Max Life Insurance is one of the leading life insurance companies in India, believes in contributing to the social and economic development of the society. With an experience of many years in helping Indian clients to fulfill their financial wishes and guard themselves against unforeseen emergencies, Max life comes out as a financially strong and trustworthy company. Max Life Insurance Company deals in Long-term Savings, Protection and Retirement Solutions, delivered by the high-quality Agency and Multi-Channel Distribution Partners.

Life insurance is one of the best solutions to secure you and your loved one’s life effectively. It acts as a one-stop solution for your financial needs in the future when you require it the most. There are several plans that cater to different needs but come under life insurance category, such as term plan, child insurance plan, retirement plan, investment policy, etc. Max Life Insurance Company refers to one of the best life insurance companies in India. It is also a good investment option as well. The company is a reliable option for insurance purchase. The wide range of life insurance products makes it a world-class option.

Importance of life insurance

If you step in the life insurance industry, then there is a popular statement that you will hear at different stages which state "Insurance is not for the person who passes away, it is for those who survive". Gone are those days when people buy insurance policy only to assist their families after their death. That means it offers financial protection to the entire family in the case of the demise of breadwinner. However, now people still buy those types of plans, but they also search for life insurance policies that offer great returns. Basically, an effective life insurance policy promises that in the case of demise or any other unwanted eventuality in your life, it will not be able to hamper the life of your family members. It will allow them to live their normal lifestyle as they live in your presence.

If you are the only breadwinner of your family, then it is very important for you to invest in life insurance policies that can go well with the needs of your family. It is true that we don’t know what will happen in the future, and what types of eventualities are waiting for us thus, securing the life of your loved ones is very important. It is advisable to go for an adequate coverage so that your family should not suffer in your absence.

Losing someone is really a heartbreaking thing that can spoil the entire family emotionally and financially. So in such type of cases, it is very important for a family to be financially and emotionally strong so that no one can take any kind of advantage. Hence it is the duty of the breadwinner of the family to get an insurance when they are alive so that their family can stand on their own in their absence as well. There are several responsibilities of the breadwinner of thefamily like kid’s education, daily household needs, old age parent’s care and much more. With the help of effective life insurance, you will get great peace of mind.

While going for an effective life insurance plan you must search out for the needs and risks that surround you at present and plan accordingly. Max Life Insurance is offering a wide range of the same. There are several plans available so choosing the best that can go well with your needs won't be a daunting task. Just search online for the same.

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

  1. Choice of death benefit options
  2. Option to pay your premiums till age 60 (you retire) and enjoy the benefit till coverage term.
  3. Additional Protection with Additional Liabilities.
  4. Comprehensive protection against Death, Dismemberment & Critical Illness
  5. 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

  1. Comprehensive protection against all stages of Cancer
  2. Payout on diagnosis, regardless of the stage of Cancer
  3. 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

  1. Meets family’s financial needs and counters inflation with an increasing life cover option
  2. Offers comprehensive insurance cover at affordable rates
  3. 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

  1. Choice of death benefit options
  2. Option to pay your premiums till age 60 (you retire) and enjoy the benefit till coverage term.
  3. Additional Protection with Additional Liabilities.
  4. Comprehensive protection against Death, Dismemberment & Critical Illness
  5. 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

  1. Pay for a limited premium payment term of 11 years only and enjoy lifetime benefits
  2. Get guaranteed return of total premiums paid in case of survival at maturity
  3. 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

  1. Comprehensive protection against all stages of Cancer
  2. Payout on diagnosis, regardless of the stage of Cancer
  3. 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

  1. Fulfill your child's higher education needs
  2. Make your child’s dream marriage plans come true
  3. 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?

  1. Insurance with flexibility to invest in equity market with multiple fund options
  2. Financial security for your child during emergencies
  3. 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

  1. Build a large corpus to fulfill your retirement goals
  2. Shield your savings from market downturns
  3. 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

  1. Guaranteed income for your needs, as long as you live
  2. In your absence, your partner can continue receiving the income under the joint life annuity
  3. 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

  1. Bear your expenses easily after retirement through guaranteed annual money-backs
  2. Protect your wife’s future in case of eventualities with additional riders
  3. 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

  1. Achieve long-term goals while securing your future through a single plan
  2. Enjoy market-linked returns by investing in any of the 6 fund options
  3. 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

  1. Pay for a limited premium payment term of 11 years only and enjoy lifetime benefits
  2. Get guaranteed return of total premiums paid in case of survival at maturity
  3. 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

  1. Choose the life insurance cover basis your age and requirements
  2. Grow your money while insulating it from market volatilities
  3. 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

  1. Get monthly income for 10 years after completing your premiums
  2. Get accrued bonuses along with Terminal Bonus on maturity of the policy
  3. 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?
  1. Get fully guaranteed lump sum maturity benefit to meet your savings goals
  2. Short premium payment term of 5 years and policy term of 10 years to help build wealth in a short time by saving systematically
  3. 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

  1. Guaranteed Income for 10 years that doubles after 5 years
  2. Immediate payout after policy term with no waiting period
  3. 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

  1. You get a life insurance coverage till the age of 100 years
  2. You get a guaranteed payout along with company bonuses at maturity
  3. 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

  1. You will get Guaranteed Sum Assured on maturity of the policy
  2. You get the flexibility to choose both the Premium Payment Term & the Policy Term
  3. 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

  1. Guaranteed Financial Protection Throughout The Policy Term
  2. Short Premium Payment Term and Policy Term
  3. 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

  1. Ensures liabilities don’t get passed on to your loved ones in case of your unfortunate demise
  2. Saves banks/financial institution from running into losses due to default payments in case of death of the policyholder
  3. 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

  1. Meet your obligations under the Payment of Gratuity Act 1972 with good market-linked returns
  2. Pay low maintenance charges with good market-linked returns
  3. 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

  1. You can provide better financial protection to your employees’ families
  2. With low cost insurance you can improve employee retention
  3. 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

  1. You can provide better financial protection to your employees’ families
  2. With low cost insurance you can improve employee retention
  3. 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

  1. Saves banks/financial institution from default payments in case of death of the policyholder
  2. An attractive low-cost value added plan to cover against loan during uncertainties
  3. 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.

Max Claim Assistance

When it comes to filing a claim, then there are several questions that run in the mind of the insured person and their family. When you are buying a life insurance plan, then at the time of purchase you must look for the right insurer whose claim settlement is easy and trouble free so that in the future you and your family would not suffer to get the needful assistance. Max Life Insurance is one of such companies that you are looking for. Max Life Insurance Company allows you to file the claim in the easiest way and get the assistance in a short span of time. With the wide range of products, the company is delivering best claim assistance as well. If you check the history and reviews of the company then you will come to know that Max Life Insurance carries a good claim settlement ratio also. It means that you can rely on this insurer for your life insurance needs easily.

Claim Process
  1. The company has the following channels for their customers for claim reporting.
  2. Nearest Max Life Insurance Company Office (details of the nearest branch can also be looked up on the website)
  3. Personal Agent Advisor if available
  4. Email - claims.support@maxlifeinsurance.com
  5. Write to the Claims Department on the below address
  6. Max Life Insurance Operations Centre-–
Claims Department

Max Life Insurance Company Operations center, - 2nd floor 90A, Sector 18, Udyog Vihar, Gurgaon-122015, India

  1. Telephone - Toll Free: 1800 200 5577
  2. Under the same, all claims need to be submitted with claim forms. Life, Group, Cancer claims have different forms. You can dowload the same directly from the max life insurance comoany or can collect it from nearest Max Life Insurance company branch.
  3. You have to attach the claim form along with some necessary documents (documents list can be taken from the company website or nearest Max Life Insurance branch), it needs to be submitted to the nearest Max Life Insurance branch.
  4. All valid claims will get settled within 30 days after receiving the all correct documents as per the guidelines provided by IRDA. However, Max Life Insurance have expertise in settling the claim claim within 10 days.
  5. Claim amount will be dispatched as per the chosen option. However, electronic transfer is recommended for fast and hassle free experience.

How to Check Max Life Policy Status

When it comes to checking the status of Max Life Insurance plan, you can simply log into the official website of thee company and use your login ID and username. Once you have logged in to the portal, you check your policy status by simply entering your policy details along with the necessary information.. In case you are a new user, you can register with Max Life by providing the requested details.

Customers can also check the status of their insurance policies by calling 1800 200 5577 (toll free), or sending an email, or by sending a text message containing Status

Max Life Insurance Online Payment

Those who wants to make premium payment online can easily do the same by visiting the official website of Max Life Insurance Company. For the same all you need a computer, or a smart phone with internet connection. The company allows its customers to make payment through Visa debit cards, net banking, and credit cards (Visa / MasterCard).

The process of making an online payment can be completed in three simple steps:

  1. Visit the company’s website and under the Customer Service section, click on Existing Customer and select Policy Renewal and enter your policy number along with your date of birth.
  2. Confirm your policy details.
  3. Select a payment gateway and make payment.

Consumers can aslo transfer funds using netbanking directly to their insurance policy by using RTGS / NEFT. The following details must be entered while using RTGS / NEFT:

Beneficiary Name: Max Life Insurance Co. Ltd.

Beneficiary Credit Account Number: 1165 (followed by policy number)

Beneficiary Bank IFSC Code: HSBC0110002

Beneficiary Bank Name: HSBC Limited

Branch Name: Barakhamba Road, New Delhi – 110001

Max Life Insurance Premium Calculator

When it comes to calculating the premium of Max Life insurance policy, you have to just visit the company’s website, locate the calculator and enter the details required, such as policy name, sum assured, premium payment term and payment mode, age, policy term, gender, date of quotation, etc. and select ‘Calculate’. The result will appear on your screen immediately.

Documents Required For Claim

When it comes to filing claim there are several doubts that people carry in their mind regarding documents and associated things as well. Here is a short description of the needful documents that you require for filing claim.

The death certificate (In case of death)

Original policy documents

ID proof of the beneficiary

Age proof of insured

Discharge form (executed and witnessed)

Medical certificate (as proof for cause of death)

Police FIR (in case of unnatural death)

Contact Address

Max Life Insurance Co. Ltd.
3rd, 11th,and 12th Floor, DLF Square Building, Jacaranda Marg, DLF City Phase II, Gurugram, Haryana 122002.
Toll-Free:- 18002005577

Max Life Insurance News

Max Life Insurance Appoints New Leader in the Marketing Division

November 12, 2018

Max life insurance has recently appointment Rahul Talwar as Sr. Vice President & Head Marketing. He will operate from the corporate branch of Max Life Insurance in Gurgaon. With his varied experience in FMCG, he’s hired to accelerate Max Life Insurance brand pan India. Prior to Max, Rahul was working in McVitie’s. He got overall 14 years of vast experience in marketing. Talwar has served brands like Aditya Birla as Brand Manager and later as VP-Marketing in PepsiCo.

Rahul will be reporting to Manik Nagia who’s Chief Digital Officer and Director Marketing, Max Life Insurance. Manik Said “Max Life is thrilled to add Rahul as a part of the marketing team. He got extensive experience in branding and marketing. The team is excited to have him onboard, anticipate to benefit out of his enriched experience. Max Life is all set to scale up its marketing endeavor nationally with its new hire – added Nagia.

Max Life Insurance Is Ready For Leadership Transition From 2019

October 04, 2018

Max Life is all set to shift gears under new leadership. Rajesh Sud, present Executive Vice Chairman & Managing Director will do the handover to Prashant Tripathy, Senior Director, and Chief Financial Officer, Max Life on 1st January 2019. V Vishwanand, Senior Director and Chief Operations Officer Max Life will be promoted as Deputy Managing Director.

Rajesh will continue in his current role till 31st December 2018 and will serve as a Non-Executive Chairman of Max Bupa and Nax Skill First till 31st March 2019. Rajesh Sud has been associated with Max Life for eighteen years and served as a Vice Chairman & MD for 10 years i.e two 5 years term. These anticipated appointments are yet awaiting formal approval from the requisitive regulatory.

Chairman, Max Life Insurance and President Max Group, Rahul Khosla expresses ” Sud has built a talented team and got a 360-degree appreciation for his good work. Under his leadership, Max has achieved great milestones. Some of the notable accomplishments have been in company productivity, notable bancassurance networking. Others are in building consistent clientele, speedy claims settlement and successful digital transformation of marketing wing”.

Khosla is equally thrilled about the fresh leadership of Prashant Tripathy and Viswanand. He got high hopes with the amalgamation of skills and abilities of both. He is looking forward to more success with this new transition.

Linking Of Aadhaar With Insurance Policy Is Mandatory, Says IRDA

November 13, 2017

On Wednesday, 8th Nov 2017, the Insurance Regulatory And Development Authority Of India (IRDA) said that the linking of Aadhar number with insurance plans is compulsory and asked insurance companies to implement the statutory norms.

 “The Authority clarifies that, linkage of Aadhaar number to insurance policies is mandatory under the Prevention of Money Laundering (Maintenance of Records) Second Amendment Rules, 2017,” the IRDA said.

In the last June, the government of India had informed about the Prevention of Money Laundering (Maintenance of Records) Second Amendment Rules, 2017, making Aaadhar and PAN/Form 60 compulsory for getting financial services that include insurance also and asked policyholders and companies for linking the existing policies with the same.

In a discussion with all life and general insurance companies, IRDA said the rules have “statutory force” and they have to implement the rule without waiting for the further instructions.

Right now, there are 24 life insurers and 33 general insurance companies operating in the country.

Although, there are no deadlines that have been given by IRDA for the completion of the process, as per the circular, it has to be done as soon as possible. Some insurance companies also said that this can also result in the delay of payout in a few cases. Aadhaar is now also compulsory for financial transactions of Rs 50,000 and above. Likewise, one has to link one’s Aadhaar number with the mobile number latest by February 6, 2018.

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