Max Life term insurance plans come in 6 kinds and are affordable, customizable, come bearing discounts for non-smokers and females, and can be bought online. The company has a high CSR of 99.51% and a solvency ratio of 2.4.
...Read more
Since you have decided to purchase a term insurance plan for your family that supports them financially during challenging times in your absence, max term plans have several insurance plans that fulfill all the requirements and needs of the customers. Here are the following features that have made Max term insurance industry leader for many years
Max Term Insurance Plans |
Policy Term
|
Entry age
|
Maturity age
|
Check Plans |
Max Life Smart Secure Plus Plan | 10-35 years | 18-65 years | 85 years | |
Max Life Smart Term Plan | 5-67 years | 18-44 years | 65 years | |
Max Life Online Term Plan Plus | 10-50 years | 18-60 years | 85 years | |
Max Life Term Plan with Return of Premium (TROP) | 20,25,30 years | 21-55 years | 75 years | |
Max Life Saral Jeevan Plan | 5-40 years | 18-65 years | 70 years |
Policy term is the duration or the number of years you buy your life insurance policy for. "
The age (last birthday) at which you buy an insurance policy is your entry age to that policy. Insurance policies usually come with a minimum and maximum age at entry which means that you must attain a specific age or should be less than the maximum age to buy a policy.
The date at which your life insurance policy ends is known as the maturity age of your policy.
From economical term plans to plans for smokers and nonsmokers, max term insurance has several benefits. Here is the list of benefits that max term insurance offers.
Max Term insurance offers six different types of term plans; each plan has its benefits and criteria; customers can choose any of the term plans as per their needs and requirements.
Max Life Smart Secure Plus Plan, is the term insurance plan that provides financial security to the family of the policyholder and gives a 5% increment in the total sum assured on every anniversary.
Eligibility criteria :
Terms | Limits |
Policy Term | 10-35 yrs |
Entry age | 18-65 yrs |
Maturity age | 75 yrs |
Premium paying options | One time,Regular,Limited |
Max Life Smart Term Plan is a type of term insurance plan that offers double-death benefits to the policyholder. The first is life cover, and the second is increasing life cover.
Eligibility criteria :
Terms | Limits |
Policy Term | 5-67 yrs |
Entry age | 18-44 yrs |
Maturity age | 65 yrs |
Premium paying options | One time,Regular,Limited |
Max life online term plan plus is a pure term insurance plan, which provides comprehensive protection to the policyholder of death benefits, policyholders can also opt for the benefits of riders in it.
Eligibility criteria :
Terms | Limits |
Policy Term | 10-50 yrs |
Entry age | 18-60 yrs |
Maturity age | 85 yrs |
Premium paying options | Regular, one time limited |
Max life term plan with return of premium is a term insurance plan offered by max life. Basic purpose of this plan is to give maturity benefits as well as life cover to the policyholder.
Eligibility criteria :
Terms | Limits |
Policy Term | 20,25,30 years |
Entry age | 21-55 years |
Maturity age | 75 years |
Premium paying options | Monthly, half yearly, quarterly, yearly |
Max life saral Jeevan plan is a pure term insurance plan offered by max term insurance, the basic purpose of this plan is to provide financial security to low income or less educated families.
Eligibility criteria :
Terms | Limits |
Policy Term | 5-40 yrs |
Entry age | 18-65 yrs |
Maturity age | 70 yrs |
Premium paying options | Monthly, half yearly, yearly. |
Max term premium return protection plan is a term insurance plan offered by max life insurance. This plan offered return of premium facility if the policyholder survives the policy term, apart from sum insured offered to the policy holder.
Eligibility criteria :
Terms | Limits |
Policy Term | 20,25,30 yrs |
Entry age | 21-55 yrs |
Maturity age | 75 yrs |
Premium paying options | Monthly, half yearly, Quarterly, yearly. |
In today's dynamic environment, death, illness, and disability are the harsh realities that are rarely discussed, and the fact is we are unable to neglect it completely. One way that can help you and your loved ones avoid financial problems and incurred events caused by these three is to buy a term insurance plan in a timely manner. Therefore, everyone who depends should buy a term insurance plan; however, given below, people should buy term insurance as a top priority.