Smart Secure Plus
  • 100% return of premium
  • Loyalty Discount of 5%
  • 7 Variants of Death Benefit

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About Max Life Smart Secure Plus - An Overview

The Max Life Smart Secure Plus is a pure risk, individual, non-linked, non-participating term insurance plan. It allows for customizations against critical illness, disability, and death benefits.

Who should buy the Max Life Smart Secure Plus?

  • Single individuals with dependent parents
  • Married individuals with dependent spouse and/or children

Key Features of Max Life Smart Secure Plus

  • The plan offers long-term coverage, till the age of 85.
  • 100% return of premium post plan maturity*.
  • It comes with a free look period of 15 days.
  • A loyalty discount of up to 5% can be availed by existing policyholders.
  • It offers lower premium rates for non-smokers.
  • Multiple premium payment options viz. Single premium, Regular premium, Limited premium, Pay till 60

Benefits of Buying Max Life Smart Secure Plus

Benefits of Buying Max Life Smart Secure Plus

Max Life Smart Secure Plus: Insurance Riders

Max Life offers riders for policyholders to enhance their coverage. Let's take a look at the riders available under the Max Life Smart Secure Plus.

  1. Accelerated Critical Illness (ACI)

    This benefit allows the insured to cover medical expenses upon diagnosis of any of the 40 pre-specified critical illnesses. Max Life offers two options under this benefit for users to choose from.

    Level ACI Benefit Increasing ACI Benefit
    Sum Assured is fixed throughout the policy term.Sum Assured will increase at a rate of 5% p.a. till the end of the policy period.
    Minimum Sum Assured
    Rs. 5 Lakhs
    Minimum Sum Assured
    Rs. 5 Lakhs
    Maximum Sum Assured
    50% of base policy Sum Assured; or
    Rs. 50 Lakhs
    Maximum Sum Assured
    25% of base policy Sum Assured; or
    Rs. 25 Lakhs

    **Last Updated on August, 2021

  2. Life Stage Add on Sum Assured

    This benefit allows policyholders to increase cover amount upon reaching certain milestones in life. The option cannot be added after the inception of the policy. In addition, this option cannot be availed if a claim for ACI has been made.

    The table below lists the life stage events applicable under this rider.

    Life Stage events Add on Sum Assured
    Marriage*50% of the death benefit, not exceeding Rs. 50 Lakhs
    Childbirth**50% of the death benefit, not exceeding Rs. 25 Lakhs
    House loan***50% of the death benefit, not exceeding Rs. 50 Lakhs

    **Last Updated on August, 2021

    * Only once during the policy term and should not be already married

    ** Only twice during the policy term

    *** Only once during the policy term

  3. Accident Cover

    This is an additional cover that individuals can avail themselves for extra coverage along with the base cover. In the event that the Life Assured dies of an accident, nominees are liable to receive the Sum Assured as a lump sum in addition to the death benefit and irrespective of the death benefit variant chosen.

  4. Premium Back

    As the name suggests, policyholders receive 100% of the total premium paid by them throughout the policy period if they survive upon term maturity. This benefit is available with all the variants of death benefit and across all premium payment modes and policy terms.

  5. Availability of Riders across Death Benefit Variants

    The table below illustrates the benefits available across the 7 variants of the death benefit.

    Variants Benefits / Riders
    ACI Accident Cover Life Stage
    Premium Back
    Life CoverAvailableAvailableAvailableAvailable
    Income ProtectorAvailableAvailableAvailableAvailable
    Income + Inflation ProtectorAvailableAvailableAvailableAvailable
    Life Cover + IncomeAvailableAvailableAvailableAvailable
    Life Cover + Increasing IncomeAvailableAvailableAvailableAvailable
    Increasing CoverNot AvailableAvailableNot AvailableAvailable
    Reducing CoverNot AvailableAvailableNot AvailableAvailable

    **Last Updated on August, 2021

Eligibility Criteria

Age at EntryMinimum: 18 years
Maximum: 60 years (Regular Pay)
44 years (Pay till 60 variant)
Maximum age at MaturityBase plan: 85 years
ACI Benefit: 75 years
Accident Cover: 85 years
Policy TermBase plan: 10 to 50 years
ACI Benefit: 10 to 50 years
Accident Cover: 5 to 50 years
Premium Payment OptionsSingle premium, Regular premium, Limited premium, Pay till 60
Minimum Sum AssuredBase plan: Rs. 10,00,000
ACI Benefit: Rs. 5,00,000
Accident Cover: Rs. 50,000

**Last Updated on August, 2021

*ACI stands for Accelerated Critical Illness

Max Life Smart Secure Plus: Death Benefit Variants

The table below illustrates each death benefit variant available under the scheme.

Life CoverNominee receives the sum assured as lump-sum immediately after the demise of the life insured
Income ProtectorNominee receives fixed level monthly income for up to 10, 15, or 20 years
Income + Inflation ProtectorNominees receive an increasing amount in monthly income for up to 10, 15, or 20 years. The first month's income is as chosen by the policyholder; subsequent monthly income increases by 10% p.a.
Life Cover + IncomeNominees receive the sum assured as a lump sum plus fixed monthly income (0.4% of lump sum) for 10 years
Life Cover + Increasing IncomeNominees receive the sum assured in a lump sum plus an increasing amount of monthly income payable for a period of 10 years. The first month's income is 0.4% of a lump sum; subsequent monthly income increases by 10% p.a.
Increasing CoverSum assured increases by 5% p.a.; upon the death of insured, the nominee receives lump sum effective as of last policy anniversary
Reducing CoverSum assured decreases by 5% p.a. every 5thpolicy year; upon the death of insured, nominees receive lump sum effective as of last policy anniversary

**Last Updated on August, 2021

Sample Premium Illustration

In the table below, we have presented the annual premiums payable against each death benefit variant based on a sample scenario. We have assumed the policyholder to be a 30 years old, non-smoker male who bought the Max Life Smart Secure Plus for coverage till the age of 70.

Death Benefit Variant Cover Amount
(in ₨)
Regular Pay
(in ₨)
Limited Pay (in ₨) Pay till 60
(in ₨)
Single Pay
(in ₨)
5 Pay 10 Pay 12 Pay 15 Pay
Life Cover1 Crore10,80052,80024,30020,60017,70013,6002,21,400
Income Protector*1 Lakh / month11,95558,20626,75122,83219,59815,1882,41,643
Income + Inflation Protector**1 Lakh / month14,98373,24933,71128,57824,55518,8673,07,148
Life Cover + Income***1 Crore15,03373,49533,82528,67424,63818,9313,08,180
Life Cover + Increasing Income****1 Crore16,79382,10037,78532,03127,52221,1473,44,259
Increasing Cover1 Crore17,60087,80039,50033,20028,30021,9003,72,700
Reducing Cover1 Crore9,30044,20020,40017,50015,10011,8001,82,800

**Last Updated on August, 2021

* Sum Assured at Inception: Rs. 97,99,000

** Sum Assured at Inception: Rs.1,38,73,000

*** Monthly income: Rs. 40,000; Sum Assured: Rs.1,39,19,600

**** 1st year monthly income: Rs. 40,000; Sum Assured: Rs. 1,55,49,200

Exclusions under Max Life Smart Secure Plus

Max Life has specified certain exclusions in the Smart Secure Plus under which policyholders are exempted from the benefit payable. These exemptions come into effect if death occurs as a result of the following:

  1. Suicide Exclusion:

    In the event that the Life Insured, irrespective of her/his sanity, dies by suicide within 12 months from the date of policy inception, or the date of revival of the policy, the policy shall stand terminated, effective immediately.

  2. ACI and Accident Benefit Rider Exclusion:

    Life Assured is not entitled to receive benefit under the ACI rider in case of:

    • Death due to delayed medical treatment
    • Death due to alcohol abuse or taking of drugs, narcotics, or psychotropic substances
    • Death due to participation in an unlawful act with criminal intent
    • Death due to war, terrorism, invasion, rebellion, military power, riots, or civil commotion
    • Death while being engaged in any naval, military, or air force operation during times of peace
    • Death due to professional sport(s) or any adventurous pursuits or hobbies such as deep-sea diving, skydiving, cliff diving, bungee jumping, paragliding, hand gliding, and parachuting, among others

Procedure To Purchase Max Life Term Insurance Plans

Purchase With Max Life

  • Visit the official website of Max Life Insurance.
  • Click on 'Calculate Premium' and fill in the form that comes up.
  • Add benefits and riders as per choice, then click on 'Continue'.
  • Check out the plan options and premium details and select a suitable plan.
  • Click on the 'Buy' option.
  • Upon payment, you will receive a confirmation receipt and policy documents at your registered email address.

Purchase With PolicyX.Com

  • At the top of this page, you will find a section 'Get Max Life Term Insurance Quotes Online'
  • Fill in the required details and click on 'Continue'.
  • Choose your income and city, then tap 'Proceed'.
  • Select your education and occupation type.
  • From the list of insurers, choose 'Max Term Life Insurance Plan' and click on 'Buy this Plan'.
  • Upon successful payment, a receipt will be sent to your email.

How to Contact Max Life Insurance?

Corporate Office Address:

Max Life Insurance Co. Ltd 11th floor, DLF Square, Jacaranda Marg, DLF City Phase II, Gurugram, Haryana 122002

Online Plus Helpline:

Phone: 0124 648 8900 (09:00 AM to 09:00 PM Monday to Saturday)

Message: SMS 'LIFE' to 5616188

Customer Service Helpline:

Phone: 1860 120 5577 (9:00 AM to 6:00 PM Monday to Saturday)

NRI Helpdesk:

Phone: 0124 5098162; 0124 4905150 (9:00 AM to 6:00 PM Monday to Saturday)


* Customers can also chat or write to the company to register feedback, queries, etc.

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Find Out What Customers Are Saying

(Showing latest 5 reviews only)

- 4.5/5 (48 Total Rating)

August 18, 2021

Rachita Kamble


Max Life is a very nice company. I am glad that I chose this company. The premiums are affordable, and I have peace of mind that my family will be financially secure after my death.

June 16, 2021

Victor Dutta


I m really happy with the riders provided by Max Life. I bought a term plan and the riders just make sure that I have a thorough cover.

June 16, 2021

Sanjeev Roy


I went to file a claim at Max Life. I was thoroughly impressed by their support. They made sure that I got my due and I m so thankful.

May 27, 2021

Gayatri Todarmal


I have excellent work experience with give proper training of all products then move to floor for work, Office atmosphere is too good everyone is friendly and supporting nature. I thank to😊

May 12, 2021

Ankita Singh


I am a customer of Max insurance company from the last two years and I am very happy with the service of this company. Keep it up Max life insurance.

Last updated on August, 2021

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