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  • MAX LIFE ONLINE TERM PLAN PLUS UIN: 104N092V01
  • BASIC LIFE COVER

You have always strived to give your family the best in life and have ensured they fulfill their dreams. However, in your heart, you always feel insecure about their future in your absence. Will your family be able to sustain the same lifestyle when you are not around?

To put all your fears to rest and to provide you with peace of mind, Max Life Insurance offers Max Life Online Term Plan Plus, a pure protection solution for your loved ones at an affordable price. Not only that, you can now avoid the hassle of tedious paperwork and easily get yourself insured online.

This plan is a Pure Term plan that provides ONLY death benefit and NO maturity benefit.

  1. 100% Sum assured as lumpsum on death
  2. Additional protection through Max Life Comprehensive Accidental Benefit Rider*
    (UIN104B025V01)
  3. Waiver of all future premium, in case of dismemberment or diagnosis of critical illness or death** of policy holder through Max Life Waiver of Premium Plus Rider
    (UIN104B029V01)
  4. A hassle-free online application process, without any tedious paperwork.
  5. A 30-day Free-Look period.
  6. High Sum Assured Discounts.
  7. Rewards you for a healthy lifestyle- Low premium rates for non-smokers
  8. *For more details on the rider and the various terms and conditions, please refer to the rider brochure.
  9. ** Death only in case when policy holder and life insured are different.

Non Linked Non Participating Regular Pay Term Insurance Plan

Minimum Entry Age:

18 years (age at last birthday)

Maximum Entry Age:

60 years (age at last birthday)

Policy Term:

Pick a Term from 10 to 40 years (interval of 1 year) subject to Maximum Expiry Age

Maximum Expiry Age:

75 years (age at last birthday)

Sum Assured (In Rs.)

Minimum: 25 lacs
Maximum: 100 Crs.
Sum assured is available in the multiples of Rs. 1 lac only.

Premium Payment Term:

Equal to Policy Term

Premium Payment Mode:

Annual, Semi-Annual, Quarterly, Monthly

Applicable Modal Factors:-
Annual: 1.000
Semi-annual: 0.520
Quarterly: 0.265
Monthly: 0.090

This plan is a Pure Term plan that provides only Death Benefit and No maturity benefit. The death benefit can be chosen at the time of purchase only.

Sample illustration – Chosen Death Benefit Option – Equal to Sum Assured

  • Suppose Mr. Sharma, aged 30 years, opts for sum assured of Rs. 1 crore for 30 years under Max Life Online Term Plan Plus for an annual premium of Rs. 7,100 (exclusive of taxes)
  • After paying 9 premiums, unfortunately Mr. Sharma dies
  • As per death benefit option chosen, his nominee will get Rs. 1 crore upon death and the policy contract will terminate



  • Disclaimer- Kindly note that the above is only an illustration and does not in any way create any rights and/or obligations. The actual experience on the contract may be different from illustrated. For more details please request for your customized benefit illustration. The premium mentioned is exclusive of service tax charges.

Max Life Comprehensive Accidental Benefit Rider (UIN -104B025V01):

Life is full of uncertainties. You do not want an accident to make a dent in your plans. We at Max Life Insurance understand this, which is why, we offer you Max Life Comprehensive Accidental Benefit Rider.

You can add Max Life Comprehensive Accidental Benefit Rider to your policy to provide additional protection against an unfortunate accident. The rider provides additional protection benefit in case you meet with an accident, leading to an unfortunate dismemberment (listed impairments) or death. The benefits under this rider are payable over and above the base plan benefits.

Eligibility Criteria:

Minimum / Maximum Entry Ages:

18-60 years (last birthday).

Expiry age:

75 years

Minimum Sum Assured:

Rs. 50,000

Maximum Sum Assured:

Lower of Base Plan Sum Assured or Rs. 1 Cr. per life

Rider Term:

10 years to 35 years. The term of the rider shall be equal to or less than the term of the base plan.

Premium Payment Term:

The premium payment term of the rider shall be equal to less than the term of the base plan.

Minimum Premium:

As Applicable for Minimum Rider Sum Assured

Premium Payment Mode:

Annual, semi-annual, quarterly or monthly. However, if the rider is attached with Online Term, then only Annual Mode is allowed.

This rider can be opted for by both males and females, smokers and non-smokers.

Rider Brochure

 

Max Life Waiver of Premium Plus Rider – A Non-Linked Rider (UIN: 104B029V01)

You are planning for your family's financial future and have made the right choice by purchasing a life insurance policy that ensures long-term financial protection for your family. While you have taken the first important step, it is critical that the policy is continued for its entire term, in order to enjoy the policy benefits. However, in case of any unfortunate event, how can you ensure that the policy is continued and you and your family continue to avail its benefits as promised? We at Max Life Insurance understand this and which is why we offer you a rider to make your financial planning comprehensive.

You can add Max Life Waiver of Premium Plus Rider to your life insurance policy and get waiver of all future premiums in case of Death, Disease or Dismemberment. The benefits under this rider are payable over and above the base plan benefits.

Eligibility Criteria:

Minimum / Maximum Entry Ages:

18 - 65 Years (last birthday)

Expiry age:

70 Years

Coverage

Rider provides waiver for all future premiums under a policy and all other attaching riders on earlier happening of either of the following events, provided the base policy and attaching riders are in force:
• Critical Illness; or
• Dismemberment; or
• Death (only when Life Insured and Policyholder are different individuals)

Rider Term:

Minimum – 5 Years
Maximum – 35 years
Rider Term will be equal to base plan premium payment term subject to minimum and maximum limits defined above.

Premium Payment Term:

Same as Rider Term

Minimum Premium:

The Minimum Annual Premium is Rs. 2 per annum for age at entry of 18 years (age as at last birthday),Rider Term of 5 years and Base Plan Premium of Rs.1,000.

Premium Payment Mode:

Same as base plan premium payment mode.

This rider can be opted for by males and females, smokers and non-smokers.

For further details, please refer to the Max Life Waiver of Premium Plus Rider Brochure.

Rider Brochure

 

1

Choose the amount of protection you need and policy term

2

Choose Product cover option and the available rider to Calculation
premium

3

Fill in the Application Form and make online payment using Net
Banking, Credit or Debit card

4

Upload relevant documents and Schedule medical examination
appointment

Thats it you are done!

Disclaimers:

Insurance is the subject matter of solicitation. For more details on the risk factors, terms and conditions, please read the sales brochure carefully before concluding a sale. Life Insurance coverage is available in this product

Beware of spurious phone call and fictitious/fraudulent offers

IRDAI clarifies to public that
-IRDAI nor its officials do not involve in activities like sale of any kind of insurance
or financial product or invest premiums.
-IRDAI does not announce any bonus.
-Public receiving such phone calls are requested to lodge a police complaints along
with details of phone call, number.

  • Quick Buy
  • Choose Cover Option
  •  
  • Gender
  •  
  • Date of Birth
  • Tobacco Consumption
  •  
  • YES
    NO
  • Life Cover
  • Amount
    Amount should be between 25 lakhs to 100 crore
  • Duration
    years
Disha's Helpdesk

Call Us: 1800 200 3383
Email Us:

online@maxlifeinsurance.com