Max Life Saral Jeevan Bima
- Death Benefit
- Waiver Of Premium
- Policy Cancellation Value
Max Life Saral Jeevan Bima is a beacon of simplicity in the world of insurance. This is a non-participating, non-linked pure-term plan, designed to deliver life coverage at an affordable price, safeguarding an individual's financial security. The plan has a simple structure with a fixed premium, and flexible premium payment terms spanning 5 to 40 years. The coverage extends to a long-term range up to the age of 70 ensuring sustained security.
Max Life Saral Jeevan Bima Plan offers you a range of benefits including:
Minimum Age - 18 years Maximum Age - 65 years
Maximum Maturity Age - 70 years
Minimum term - 5 years Maximum term - 40 years
Base sum assured: 5 lakhs to 25 lakhs
The policy loan is not available under Max Life Saral Jeevan Bima Plan.
Annual, half-yearly, quarterly & monthly
Let's understand how the Max Life Saral Jeevan Bima works with a simple premium illustration.
Mr. Verma is looking for a simple term plan that provides financial safety to his family in case of his unfortunate demise.
His financial advisor advised him to buy the Max Life Saral Jeevan Bima. He visited PolicyX.com
Let's understand how the Max Life Saral Jeevan Bima works for him with a premium illustration table.
| Age of policyholder | Annual premiums | Policy tenure | Premium payment term | Total premiums paid | Sum assured |
| 25 years | Rs 10,135 | 40 years | 40 years | Rs 4,05,400 | Rs 25 lakhs |
Key Takeaways: In case of Mr. Verma's demise during the policy tenure, Rs 25 lakhs will be paid to their nominee.
Here are the benefits associated with the Max Life Saral Jeevan Bima
Max Life Term Insurance Plans
You can add the following riders to your Max Life Saral Jeevan Bima Plan:
It will waive off all future premiums and the benefits of the policy will remain the same in case of disability, dismemberment, or diagnosis of critical illness.
In case the policyholder is diagnosed with any of the critical illnesses mentioned in the brochure then rider benefits are paid to them.
Here is the list of exclusions associated with the plan:
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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Bindiya is a seasoned content writer specializing in keeping readers acquainted with the insurance industry, term insurance developments, and life insurance sector shifts. With an experience of 3 years in insurance, Bindiya ensures that her readers stay well informed with the insurance developments and factually correct information.
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