India's 1st IRDAI Approved Insurance Web Aggregator
Max Life Online Term Plan
This plan has been withdrawn by the insurance company and is no longer available for sale.
How Does Plan Work
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 for an annual premium of Rs. 7,400 (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
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 specific benefit illustration. The premium mentioned above is exclusive of service tax charges.
A one-of-its-kind term plan that gives three distinct death benefit options to choose from.
Additional Protection though Max Life Comprehensive Accident Benefit Rider (UIN-104B025V01) and waiver of all future premiums in case of dismemberment or diagnosis of critical illness or death (only in case when life insured & policyholder are different) of Policyholder through Max Life Waiver of Premium Plus Rider (UIN - 104B029V01).
Hassel Free online application process
Discount on High-Sum Assured
Reward for Healthy Lifestyle - low premiums rate for non-smokers
COMPARE THIS PLAN WITH OTHER TERM PLANS
Death Benefit Option 1 - Sum Assured: 100% Sum Assured is payable as lumpsum amount to nominee upon the death of the life insured
Death Benefit Option 2 - Sum assured + Level Monthly Income: 100% of the chosen Sum Assured on death + 0.4% of the Policy Sum Assured per month for a period of 10 years. Thus, effective total death benefit including Monthly Incomes – 148% of Sum Assured.
Death Benefit Option 3 - Sum assured + Increasing Monthly Income: 100% of the chosen Sum Assured on death + Increasing Monthly Income for 10 years, wherein the first year monthly income shall be 0.4% of the Policy Sum Assured and shall increase every year by 10% p.a. (simple interest) of the first year monthly income.