Max Life Smart Secure Plus Plan
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
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:
- Allows flexibility in premium payments
- Offers return of premium upon survival tenure
- Increases tax savings under section 80C,80D & 10C
- Allows you to enhance your coverage through additional riders
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.
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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
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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
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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.
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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.
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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
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
Eligibility Criteria
| 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
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:
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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.
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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)
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.
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