Smart SecurePlus Plan
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  • Increase your Sum Assured as per requirements.
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Max Life Smart Secure Plan

Max Life Smart Secure plan is a non-linked, non-participating, individual pure risk premium life insurance plan that is specifically designed to fulfill the growing financial needs of a family and acts as a savior to create a financial net around the family.

With Max Life Smart Secure Plan the insured gets two death benefits, including a cover for terminal illness and an exit value. In addition, this plan also provides optional benefits such as premium breaks, joint life cover, additional payout on accidental death and much more.

Continue reading to explore more about the Max Life Smart Secure plan and its benefits:

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Max Life Smart Term Plan

Max Life Smart Term Plan

Eligibility Criteria of Max Life Smart Secure Plan

Age at Entry

Min: 18 years
Max:
Regular pay: 65 years
Pay till 60: 44 years

Max age at Maturity

Base Age: 85 years
ACI: 75 years
Accident Cover: 85 years

Policy Term

Base Cover- Min: 10 Years| Max: 67 Years
ACI- Min: 10 Years| Max:50 Years
Accident Cover- Min: 5 Years| Max: 67 Years

Premium Payment Options

Single, Regular, Limited

Minimum Sum Assured

Death Benefit: 20 lakh
ACI Benefit: 5 lakh
Accident Cover: 50,000

Benefits of Max Life Smart Secure Plan

Smart Secure Plan offered by Max Life Insurance is a versatile plan that offers multiple benefits wrapped in one plan. With several benefits, this is one of the best gifts you can give your family for a happy and protected future. Below mentioned are some of the benefits that one can avail of under the plan:

Maturity Benefit

Suppose you opt for the return

Death Benefit

It allows you to create enough

Terminal Illness Cover

This option protects the life insured

Accident Cover

Under this benefit the family of the

Accelerated Critical Illness (ACI)

You are eligible to receive the cover

Joint Life Benefit

When buying the Max life smart

Maturity Benefit

Suppose you opt for the return of premium variant with the smart secure plus plan at the time of purchase. In that case, it entitles you to receive a maturity benefit upon surviving the policy term. With this option available, you can receive the total premium amount paid at the end of the policy term.

Death Benefit

It allows you to create enough financial corpus for your family in uncertain times. This plan allows you to choose from different cover options and customize your own plan as per your coverage needs. Customize the protection required at affordable prices by offering 2 Death Benefit Cover options to choose from, at the time of purchase

  • Life Cover
  • Increasing Life Cover
Terminal Illness Cover

This option protects the life insured from any terminal illness by taking care of your financial needs if you are diagnosed with a terminal illness. In such a scenario, 100 % of the guaranteed death benefit (capped at 1 crore) will be paid to you upon certification by a medical practitioner.

Accident Cover

Under this benefit the family of the life insured receives the cover amount, along with the base cover, in case of the insured individual’s demise due to an accident. You can add this cover to your term plan (Max life smart secure plus plan) at any time during the premium payment term, subject to the conditions for the accident cover.

Accelerated Critical Illness (ACI)

You are eligible to receive the cover amount upon diagnosis of any of the 40 specified critical illnesses, provided the policy is in-force and meets other terms and conditions.

Joint Life Benefit

When buying the Max life smart secure plus plan, you can choose a joint life cover to secure your partner’s life along with yourself. This is how it works:

  • In case your spouse meets with an untimely demise before you or is diagnosed with a terminal illness, a guaranteed death benefit of Rs.10 lakhs will be payable to the beneficiary, and the primary life cover will continue at a reduced premium and the original sum assured chosen by you will be payable to your spouse in the pay-out option of their choice.
  • In case you suffer an unfortunate incident before your spouse, and if in the future, they are diagnosed with a terminal illness or pass away, the guaranteed death benefit of Rs. 50 lakhs will be payable to the nominee. Additionally, it comes with a built-in premium waiver, meaning premiums will be waived off for your spouse’s sum assured, upon your demise.

Max Life Smart Secure Plan Features

After learning the many benefits of this plan, here are a few features that will help you understand this plan better.

Return of Premium

You can receive 100 % of the total premiums* paid with this feature, in case you survive the policy. This benefit is available with both Base Covers and across all Premium Payment Terms and Policy Terms.

Premium Break

With this feature, you can take a premium break or holiday from paying the premium once the policy has completed ten years of tenure. The policy remains in force with the risk cover functional as per the terms and conditions of the max life term plan. You can choose this option twice during the Premium payment term. Premium Break option (available for policies with Policy Term greater than 30 years and PPT greater than 21 years).

Special Exit Value

You get a one-time option to exit the policy with an exit benefit of Return of Premiums (total premiums paid plus underwriting extra premiums paid plus loading for modal premiums, if any) at the time of exercising the option, for the base cover only.

Sum Assured Top-up

Opt to increase the sum assured at a later stage in the policy term. If the sum assured chosen, at the inception of the policy, is greater than or equal to Rs.50 lakhs, you can exercise this option after completing one policy year. You can increase the cover up to 100% of the base sum assured. The policy must have a minimum premium payment term of 5 years and a minimum policy term of 10 years for this option to be available.

Rider Benefits Available with Max Life Smart Secure Plan

  • Waiver of Premium Rider
    Comprehensive protection (waiver of future Premiums) against:
    • Death
    • Disability
    • Critical illness
  • Critical Illness and Disability Rider
    Comprehensive coverage against the risk of critical illness and disability. This rider will be beneficial under any critical illness or disability caused to the life insured.

Exclusions under Max Life Smart Secure Plan

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

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.

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.

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Explore Other Max Term Insurance Plans

You can find other term policies offered by the Max Term Insurance company in the section below:

MAX Life Smart Secure Plus Plan

This Plan offers two death benefit options to cater to diverse financial requirements; wherein you can choose from a Life Cover or Increasing Life Cover, depending on your preference.

Unique Features

  • Different payout options available
  • Terminal illness cover
  • Maturity benefit available

How to Contact Max?

Max Insurance Contact Address

service.helpdesk@maxlifeinsurance.com, SMS 'LIFE' to 5616188

Toll-free number: 0124 648 8900 (Available from 9:00 am to 9:00 pm IST)
Monday to Saturday

Max Life Term Plan

Max Life Smart Secure Plus Plan

Offers financial security and a support system to the policyholder in an emergency. Provides a 5% increment in SA after every anniversary of the policy.

Unique Features

  • Life Stage Option
  • Multiple Coverage Options
  • Increasing Death Benefit

Smart Secure Plus Plan (Pros)

  • Terminal Illness Benefit
  • Smart Exit Benefit
  • Acceleration Death Benefit

Smart Secure Plus Plan (Cons)

  • 1 Year WP for Suicide
  • No Policy Loans
  • No Pre-existing Conditions

Smart Secure Plus Plan (Other Benefits)

  • Death Benefit in Instalments
  • RP, WOP & 3 Riders
  • Additional Cover for Spouse

Smart Secure Plus Plan (Eligibility Criteria)

  • Entry Age - 18 Years
  • Max Entry Age - 84 years
  • Minimum Sum Assured - Adaptable
  • Maximum Maturity Age - 85 years
  • Premium Payment Term - RP/SP/LP

Term Plan with Return of Premium (TROP)

A simple term plan that provides a death benefit and life cover. Being a TROP it provides maturity benefits and gives you your premiums back.

Unique Benefits

  • Life Stage Option
  • Multiple Coverage Options
  • Increasing Death Benefit

Term Plan with Return of Premium (Pros)

  • Terminal Illness Benefit
  • Smart Exit Benefit
  • Acceleration Death Benefit

Term Plan with Return of Premium (Cons)

  • 1 Year WP for Suicide
  • No Policy Loans
  • No Pre-existing Conditions

Term Plan with Return of Premium (Other Benefits)

  • Death Benefit in Instalments
  • RP, WOP & 3 Riders
  • Additional Cover for Spouse

Term Plan with Return of Premium (Eligibility Criteria)

  • Entry Age - 18 Years
  • Max Entry Age - 84 years
  • Minimum Sum Assured - Adaptable
  • Maximum Maturity Age - 85 years
  • Premium Payment Term - RP/SP/LP

Max Life Saral Jeevan Bima

A simple, uncomplicated pure protection term plan that protects you and your family against fixed premiums.

Unique Benefits

  • Flexible premium payments
  • Long-term coverage
  • Least restrictions

Saral Jeevan Bima (Pros)

  • 105% Death Benefit
  • Choose to pay Premium Once
  • Max Sum Assured 25 L

Saral Jeevan Bima (Cons)

  • No Survival Benefit
  • No Maturity Benefit
  • No Surrender Benefit

Saral Jeevan Bima (Other Benefits)

  • Suicide Cover After 12 Months
  • Spouse Cover
  • Policy Revival Within 5 Years

Saral Jeevan Bima (Eligibility Criteria)

  • Entry Age - 18 Years
  • Max Entry Age - 65 years
  • Minimum Sum Assured - 5 L
  • Maximum Maturity Age - NA
  • Premium Payment Term - RP/SP/LP(5&10 Years)

Premium Return Protection Plan

A plan that provides life insurance with ROP at policy maturity, offering limited premium payment terms and flexible protection period choices.

Unique Features

  • Limited PPT (11 years)
  • RoP at Maturity
  • Flexibility in the Policy Period

Premium Return Protection (Pros)

  • Coverage with Premium Return
  • Short Premium Payment Duration
  • Maturity Benefit with Premium Return

Premium Return Protection (Cons)

  • No Additional Investment Benefits
  • Higher Premiums
  • Limited to Premium Return at Maturity

Premium Return Protection (Other Benefits)

  • Lifetime Coverage up to Age 75
  • Max Sum Assured is 1 Cr
  • Choice of Protection Periods (20/25/30 years)

Premium Return Protection (Eligibility Criteria)

  • Entry Age - 21 Years
  • Max Entry Age - 55 years
  • Minimum Sum Assured - NA
  • Maximum Maturity Age - 75 Yrs
  • Premium Payment Term - 20/25/30 Years

Max Life Online Term Plan Plus

A pure risk premium life insurance plan offering comprehensive protection for individuals, including death benefit options and additional riders.

Unique Features

  • Customizable Death Benefit
  • Accelerated CI Benefits
  • Life Stage Event Benefit

Online Term Plan Plus (Pros)

  • Max SA Is 100 Crore
  • Additional Riders Benefit
  • Flexible Premium Payment Options

Online Term Plan Plus (Cons)

  • No Maturity Benefit
  • No Surrender Benefit
  • No Policy Loan Allowed

Online Term Plan Plus (Other Benefits)

  • Discount for Non-Smokers
  • No Restrictions on Travel
  • High SA Discounts & Waiver of Premium

Online Term Plan Plus (Eligibility Criteria)

  • Entry Age - 18 Years
  • Max Entry Age - 60 years
  • Minimum Sum Assured - 25 L
  • Maximum Maturity Age - 85 Yrs
  • Premium Payment Term - RP

Max Smart Term Plan: FAQs

1. Can a NRI buy a Max Life Smart Term Plan?

Yes, any citizen of India (holding a valid passport issued by Govt. of India) and temporarily residing in the country of his/her present residence. ALso, a citizen of a foreign country who is based in India can purchase Max Smart Term Plan

2. I forgot to pay my premiums for the Smart Term Plan by Max Bupa? WIll my policy get lapsed now?

No, fortunately, Max Life Smart Term Plan comes with a unique feature that offers an option to skip paying premiums without losing the cover during the policy term. This feature can relieve policyholders from paying premiums in the case of financial difficulties.

3. I am already having a Term Insurance plan from another insurer. Can I still buy a Max Life Insurance Smart Term Plan?

Yes, according to the IRDAI, a policyholder can purchase multiple term policies from the same or different insurers. However, do not forget to inform both the insurance companies before buying a second policy.

4. Can I avail loans under Max Smart Term Plan?

No, you cannot avail loans under Max Smart Term Plan

5. Does buying Riders for my Max Life Smart term plan will increase my premiums?

Yes, you can avail of the additional coverage by buying Riders, however, for the same, you need to pay additional premiums.

6. Does Max Smart Term Plan come with a grace period?

Yes, the plan offers a grace period of 30 days, wherein you can pay your pending premiums without getting your policy lapsed.

7. What documents do I need to buy Max Life Insurance Smart Term Plan?

Listed below are the documents you need to submit to buy Max Life Smart Term Plan:

  • Identity proof
  • Address proof
  • Income proof
  • Passport size photographs

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Max Term Insurance Review

Read what our customers have to say about Max Term Insurance Company

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Kunal Singhania

Kochi

October 5, 2023

The Max Life Term Insurance I purchased on PolicyX.com provides the financial security my family needs. I highly recommend their services.

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Kavya Reddy

Lukhnow

October 5, 2023

PolicyX.com made it easy to compare Max Life Term Insurance plans, and I m happy with the policy I chose to protect my loved ones.

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Janvi Trivedi

Meerut

October 5, 2023

I had a seamless experience purchasing Max Life Term Insurance through PolicyX.com. Their platform is efficient and trustworthy.

Customer Review Image

Jai Mehta

Nagpur

October 5, 2023

Max Life Term Insurance through PolicyX.com offers comprehensive coverage at competitive rates. I m glad I chose this policy.

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Ishaan Mathur

Patna

October 5, 2023

PolicyX.com s website is user-friendly, and I was able to find a Max Life Term Insurance plan that suits my family s needs perfectly.

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Hema Rajput

Raipur

October 5, 2023

I m impressed by the level of customer service at PolicyX.com. They made the process of buying Max Life Term Insurance hassle-free.

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Harshita Thakur

Rajkot

October 5, 2023

The Max Life Term Insurance plan I bought on PolicyX.com offers flexibility and peace of mind. It s a wise investment for my family s future.

Customer Review Image

Gopal Nair

Surat

October 5, 2023

PolicyX.com s online tools made it simple to explore various Max Life Term Insurance policies, and I m satisfied with my choice.

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