Max Life Saral Jeevan Bima
- Death Benefit
- Waiver Of Premium
- Policy Cancellation Value
The plan acts as a lifeline to uncertain times, it offers a bouquet of features which is mentioned below:
To purchase this policy individual must fulfil the following eligibility criteria:
Minimum Age Of Entry |
18 Years |
|---|---|
| Maximum Age Of Entry | 65 Years |
| Policy Term | 5 To 40 Years |
| Maximum Maturity Age | 70 Years |
| Minimum Sum Assured | 5 Lakh |
| Maximum Sum Assured | 25 Lakh |
| Annualized Premium | According to the sum assured selected |
| Waiting Period Premium Payment Modes | Half Yearly/ Monthly/ Yearly |
| Waiting Period | 45 Days |
*The initial Waiting Period is the time period between the issuance of the policy and the time it starts actively. During this period, a policyholder has to wait to avail of the benefits offered under the term insurance plan.
Max Life Saral Jeevan Bima offers a plethora of benefits to insured individuals. Mentioned below are the same:
Here are a few situations in which the insurance coverage will not apply:
There are a few common exclusions in the plan they are:
There are two processes through which you can buy the policy and they are mentioned below:
Online Buying Process
It is the fastest and simplest way to buy the plan. Here are the steps:
The company's executive will call your registered mobile number in case of any missing information or document.
Offline Buying Process
If the policyholder prefers a more traditional way to buy the plan here are the steps they must follow:
Max Saral Jeevan Bima offers streamlined and accessible solutions for life coverage, accommodating individuals from all walks of life. With its flexible payment term ease of understanding and comprehensive protection, this plan ensures financial security for loved ones. For early stage to later stage of life ranging from 18 to 65 years empowers individuals to secure their future. However, as with any insurance policy, it's essential to read all the policy terms, conditions, and exclusions to make informed decisions that align with your specific needs and circumstances.
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Simran is an insurance expert with more than 3 years of experience in the industry. She may have all the answers to your insurance queries. With a background in Banking, she proactively helps her readers to stay on par with all the latest Insurance industry developments.
