Max Life Premium Return Protection
- Return of Premium Plan
- Flexible-Premium Payment Term
- 1 Crore Max Sum Assured
The plan offers a plethora of benefits that are mentioned below:
Here are a few things that this plan does not offer:
Max Premium Return Protection Plan is an uncomplicated policy, let us understand how it functions:
Mrs Susheela, a 30-year-old healthy woman bought the Max Premium Return Protection Plan for herself and her family. She chooses the life cover of 25 Lakh for the policy term of 30 years, with an annual premium payment of rs 30,500 for 11 years.
Scenario 1 |
Scenario 2 |
Scenario 3 |
|---|---|---|
| Susheela pays all the premiums and outlives the policy term. | Susheela died during the policy term. | Susheela died due to an accident during the policy term. |
| All the premium will be refunded which is the annualized premium paid for 11 years which is Rs 33,5500. | In case of death, the complete Life Cover of Rs 25 Lakh, to the nominee selected by the insured. | In case of accidental death of the policyholder, 150% of the SA Rs 37.5 Lakh will be paid to the nominee. |
Max Life Term ROP plan is a simple pure-term insurance plan with a maturity benefit. The plan is also a long-term protection with a policy period extended up to 30 years. The plan offers a limited premium payment term of 11 years, a death benefit, and a survival benefit. The policyholder can enjoy extensive coverage of 1 Crore with flexible premium payment terms. So, we can say that it is an advanced term that includes a basic plan with a return of premium benefit.
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Read what our customers have to say about Max Term Insurance Company
March 18, 2024
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February 16, 2024
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Max Life Term Insurance through PolicyX.com offers comprehensive coverage at competitive rates. I m glad I chose this policy.
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