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.
With a wide range of benefits available, Max LIfe Smart Secure Plus ensures that your family’s needs are met even after your demise. The plan offers benefits and gives comprehensive coverage. Take a look below to explore some of the significant benefits of the plan:
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.
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
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
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.
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.
The table below illustrates the benefits available across the 7 variants of the death benefit.
Variants | Benefits / Riders | |||
ACI | Accident Cover | Life Stage Add-on | Premium Back | |
Life Cover | Available | Available | Available | Available |
Income Protector | Available | Available | Available | Available |
Income + Inflation Protector | Available | Available | Available | Available |
Life Cover + Income | Available | Available | Available | Available |
Life Cover + Increasing Income | Available | Available | Available | Available |
Increasing Cover | Not Available | Available | Not Available | Available |
Reducing Cover | Not Available | Available | Not Available | Available |
**Last Updated on August, 2021
Age at Entry | Minimum: 18 years Maximum: 60 years (Regular Pay) 44 years (Pay till 60 variant) |
Maximum age at Maturity | Base plan: 85 years ACI Benefit: 75 years Accident Cover: 85 years |
Policy Term | Base plan: 10 to 50 years ACI Benefit: 10 to 50 years Accident Cover: 5 to 50 years |
Premium Payment Options | Single premium, Regular premium, Limited premium, Pay till 60 |
Minimum Sum Assured | Base 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 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:
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.
Life Assured is not entitled to receive benefit under the ACI rider in case of:
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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)
Mail:online@maxlifeinsurance.com
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)
Mail: nri.helpdesk@maxlifeinsurance.com
* Customers can also chat or write to the company to register feedback, queries, etc.
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(Showing latest 5 reviews only)
February 24, 2022
shivani kashyap
MumbaiFebruary 24, 2022
shruti
KanpurGot claim settled of my father s policy within 15 days as my family needed money to repay loan. Thank you to the team. Really happy with the service.
February 18, 2022
puneet
ChandigarhMy father was having term insurance from them and when we informed them about the death of my father. They helped me and my family. cleared all claims asap
February 18, 2022
anirudh
CoimbatoreLast year I met with an accident while going to the office. My life insurance rider- accident one came very usefully. I got sufficient money to earn my home as I was not able to go work.
February 10, 2022
shika suman
GuwahatiI am the earning member of the family and I am always scared that what will happen to them after my death. So Max life gave me the best suggestion to purchase a term insurance plan that will take care of my family after my death. I am relieved.
Last updated on August, 2021
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Max life is a reputed company for a reason. They always take good care of their clients without delaying their requests and claim. I am impressed