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maxlifeinsurance.com | ^6Disclaimer: Standard premium for 24-year old healthy male, non-smoker, 25 years policy term, 25 year premium payment term (exclusive of GST) for Max Life Smart Total Elite Protection Term Plan (UIN: 104N125V06) with a life cover of Rs. 5 Cr. |
maxlifeinsurance.com | 7Disclaimer: Rs. 1,00,29,587 after 14 years at policy maturity on monthly investment of Rs. 16,600 for 12 years for 30 year old male with Max Life Smart Wealth Plan â Long Term Variant. A non-linked non-participating individual life insurance savings plan. The guaranteed benefits are applicable only if all due premiums are paid. Total premiums paid is exclusive of GST. Life Insurance is available in this product. ARN: WP/SWP/250723. |
maxlifeinsurance.com | Online Helpline - 0124 648 8900 (09:00 AM to 09:00 PM Monday to Saturday). |
maxlifeinsurance.com | Insurance is the subject matter of solicitation. For more details on the risk factors, Terms and Conditions, please read the sales and rider prospectus carefully before concluding a sale. Tax benefits are eligible for tax exemption on fulfilling conditions mentioned under Section 10(10D) of income tax act 1961. Tax exemptions are as per our understanding of law and as per prevailing provisions of income tax at 1961. Policy holders are advised to consult tax expert for better clarification /interpretation. Please note that all the tax benefits are subject to tax laws at the time of payment of premium or receipt of policy benefits by you. Tax benefits are subject to changes in tax laws. The monthly Income Benefit and Terminal Benefit may be taxable subject to extra premium being loaded at underwriting stage. |
maxlifeinsurance.com | @64 critical illnesses covered in platinum and platinum plus variant on payment |
maxlifeinsurance.com | For Total Installment Premium -Total Installment Premium is the Premium payable as per premium paying frequency chosen, it excludes GST and applicable taxes, cesses or levies, if any; and includes loadings for modal premiums, Underwriting Extra Premium and Rider Premiums if any. |
maxlifeinsurance.com | ^Individual Death Claim Paid Ratio as per audited financials for FY 2023-2024 |
maxlifeinsurance.com | *~Disclaimer | Max Life Smart Secure Plus Plan. A non-linked non-participating individual pure risk premium life insurance plan |Benefit available with special exit value -Total premium paid inclusive of any extra premium but exclusive of all applicable taxes, cesses or levies & modal extra. The premium calculated as per Standard premium for 30 year old healthy male, non-smoker, 40 years policy term, 40 years premium payment term (exclusive of GST) for Max Life Smart Secure Plus Plan. |
maxlifeinsurance.com | Claims for policies completed 3 continuous years. All mandatory documents should be submitted before 3:00pm on a working day. Claim amount on all eligible policies4 is less than Rs. 1 Crore. Claim does not warrant any field verification. Mandatory Documents:> Original policy document > Original/attested copy of death certificate issued by local municipal authority > Death claim application form (Form A) > NEFT mandate form attested by bank authorities along with a cancelled cheque or bank account passbook along with nomineeâs photo identity proof > Discharge/Death summary attested by hospital authorities or FIR & Post Mortem Report/viscera report (in case of accidental death) |
maxlifeinsurance.com | @1Standard premium for 20-year old healthy male, non-smoker, 40 years policy term, 40 year premium payment term (exclusive of GST) for Max Life Smart Total Elite Protection Term Plan (UIN: 104N125V06). The above mentioned premium is the discounted monthly premium to be paid in 1st year. Discount is applicable only for salaried employees with a corporate, purchasing via web link. During policy issuance, Max life may call for proof of employment if required. In case proposer when asked is not able to prove the employment part, discount offer will be discontinued and additional premium as applicable will have to be paid for processing of the case. | ~1 Get back all the premiums paid with Special Exit value. This can be exercised in any policy year starting 30th policy year, but not during the last 4 policy years. Available for minimum policy term of 40 years. Benefit available with special exit value - the total premiums paid plus underwriting extra premiums paid plus loadings for modal premiums exclusive of any applicable taxes, cesses or levies. This feature shall be applicable on the base cover premium only and not for additional optional benefits like Accident cover, Joint life cover, any attached riders and Voluntary Sum Assured Top-Up. |
maxlifeinsurance.com | *Available on Payment of Additional Premium. The accident cover will only be paid in scenarios where death occurs due to accident. |
maxlifeinsurance.com | ^5Disclaimer: Standard premium for 24-year old healthy male, non-smoker, 25 years policy term, 25 year premium payment term (exclusive of GST) for Max Life Smart Total Elite Protection Term Plan (UIN: 104N125V06) with a life cover of Rs. 2 Cr. |
maxlifeinsurance.com | <Due to system constraints, employee is requested to select 5 Lakh and above income which can be changed to actual amount on the information page. |
maxlifeinsurance.com | ^~The assumed rates of return (4% p.a. and 8% p.a.) shown in the illustrative example are not guaranteed and they are not the upper or lower limits of what you might get back. The value of your policy depends on a number of factors including future investment performance. The amount shown is for a 30-year-old healthy male, with 10 years premium payment term, and 35 years policy term with Max Life Online Saving Plan (Unit Linked Non Participating Individual Life Insurance Plan | Life Insurance is available in this product). |
maxlifeinsurance.com | *^Total premiums paid inclusive of any extra premium but exclusive of all applicable taxes, cesses or levies and modal extra. Return of premium option is available on payment of additional premium. |
maxlifeinsurance.com | Please provide following information correctly as it will be used to calculate your eligibility. |
maxlifeinsurance.com | At the time of making investments, most of us look for options that can deliver a substantial return on investment (ROI). There is nothing wrong in doing so since we want to maximize our savings while using them to create wealth. As investors; however, we must understand that the factor of investment returns should not be the only criteria to opt for a particular investment tool. Instead, you must look for plans that provide wholesome benefits, protecting and securing multiple aspects of your life. Take term insurance plans with ROP benefit (available on payment of additional premium), for example. These term insurance plans not only secure your loved ones financially against an eventuality but also offer to provide financial assistance to your family in your absence. |
maxlifeinsurance.com | 8Available with Max Life Smart Fixed-return Digital Plan (UIN: 104N123V05). The guaranteed benefits are available with selected life insurance plans & are applicable if all due premiums are paid. |
maxlifeinsurance.com | THE UNIT LINKED INSURANCE PRODUCTS DO NOT OFFER ANY LIQUIDITY DURING THE FIRST FIVE YEARS OF THE CONTRACT. THE POLICYHOLDER WILL NOT BE ABLE TO SURRENDER/WITHDRAW THE MONIES INVESTED IN LINKED INSURANCE PRODUCTS COMPLETELY OR PARTIALLY TILL THE END OF FIFTH YEAR. |
maxlifeinsurance.com | Disclaimer: *6 Check the Total Premium amount against the respective monthly premium values in the below table. |
maxlifeinsurance.com | @2Standard premium for 20-year old healthy male, non-smoker, 40 years policy term, 40 year premium payment term (exclusive of GST) for Max Life Smart Total Elite Protection Term Plan (UIN: 104N125V06). The above mentioned premium is the discounted monthly premium to be paid in 1st year. Discount is applicable only for salaried employees with a corporate, purchasing via web link. During policy issuance, Max life may call for proof of employment if required. In case proposer when asked is not able to prove the employment part, discount offer will be discontinued and additional premium as applicable will have to be paid for processing of the case. | ~1 Get back all the premiums paid with Special Exit value. This can be exercised in any policy year starting 30th policy year, but not during the last 4 policy years. Available for minimum policy term of 40 years. Benefit available with special exit value - the total premiums paid plus underwriting extra premiums paid plus loadings for modal premiums exclusive of any applicable taxes, cesses or levies. This feature shall be applicable on the base cover premium only and not for additional optional benefits like Accident cover, Joint life cover, any attached riders and Voluntary Sum Assured Top-Up. |
maxlifeinsurance.com | Option to receive all premiums paid back, at a specified point in the term of the policy (free of cost). Available when Return of Premium variant is not chosen. No additional premium to be paid. |
maxlifeinsurance.com | The Max Life Smart Term Plan (UIN: 104N113V03; Non Linked Non Participating Individual Pure Risk Premium Life Insurance Plan) from Max Life Insurance offers an Accelerated Critical Illness (ACI) benefit, which provides financial assistance for you, in case you are diagnosed with a life-threatening condition such as cancer or kidney failure. The ACI offers immediate lump sum payouts (from your policy coverage) to help you secure the best possible treatment available, against as many as 40 health conditions. Also, you can increase your critical illness coverage, during the policy tenure so that your cover stays relevant to your age and market inflation. |
maxlifeinsurance.com | 6The life insurer is eligible for a discount on renewal premium under regular pay variant by accumulating Healthy Weeks as per terms and conditions of the rider |
maxlifeinsurance.com | 2Total premium will be charged at the time of the policy issuance (subject to underwritingâs decision). |
maxlifeinsurance.com | Term insurance helps you secure your family financially in case you are... |
maxlifeinsurance.com | The savings indicated is the maximum premium difference as compared with offline plan & depends on the variant purchased. |
maxlifeinsurance.com | As per Section 6 of the Married Women's Property Act (or MWPA), 1874, if a married individual purchases the TROP insurance plan, for himself and endorses it under MWPA (nominating his spouse and children as beneficiary), no other person (such as parents, friends or relatives of the insured person) will have any right to the term insurance plan benefits. Moreover, the insured person himself, will also not have any claim to the benefits of the term policy upon surviving the plan term. Instead, by endorsing your term insurance plan under MWPA, you can entitle your wife and children to both the insurance cover payout (in case of your untimely death) and the survival benefits (as a refund of premiums, in case you survive the policy term.) |
maxlifeinsurance.com | 4InstaClaim TM is available for all versions of (UIN: 104N118V10). Mandatory Documents: ⢠Original policy document ⢠Original/attested copy of death certificate issued by local municipal authority ⢠Death claim application form (Form A) ⢠NEFT mandate form attested by bank authorities along with a cancelled cheque or bank account passbook along with nomineeâs photo identity proof ⢠Discharge/Death summary attested by hospital authorities or FIR & Post Mortem Report/viscera report (in case of accidental death) |
maxlifeinsurance.com | Max Life Insurance is integrated with licensed NBFC FinVu (Cookiejar Technologies Pvt. Ltd. for sharing policy details with regulated Financial Information Users within the Account Aggregator ecosystem after obtaining the Policy holder's consent. Read more about Account Aggregator framework here. |
maxlifeinsurance.com | Â ~ Conditions for premium break: Available at an additional premium for policies with policy term greater than 30 years and premium payment term greater than 21 years. Option to skip paying premium for 12 months. 2 premium breaks will be available during the premium payment term separated by an interval of at least 10 years |
maxlifeinsurance.com | For Riders -#Applicable Rider available on the payment of Additional Premium is Max Life Critical Illness and Disability Rider | Non-Linked Non-Participating Individual Pure Risk Health Insurance Rider | UIN: 104B033V01. Critical Illness and Disability Rider variant opted is Platinum Plus which covers 64 critical Illnesses. The rider cover will only be paid in scenarios where customer is diagnosed with listed 64 critical illnesses or total and permanent disability. Rider will terminate after major critical illness claim is paid to the policyholder. In case customer requests for cancellation of rider only, the solution as a whole will be cancelled and not just the individual rider. |
maxlifeinsurance.com | ^1Disclaimer: Standard premium for 24-year old healthy male, non-smoker, 25 years policy term,25 year premium payment term (exclusive of GST) for Max Life Smart Total Elite Protection Term Plan (UIN: 104N125V05) with a life cover of Rs. 50 lakh. |
maxlifeinsurance.com | For Riders -#Applicable Rider available on the payment of Additional Premium is Max Life Critical Illness and Disability Rider | Non-Linked Non-Participating Individual Pure Risk Premium Health Insurance Rider | UIN: 104B033V01. Critical Illness and Disability Rider variant opted is Platinum Plus which covers 64 critical Illnesses. The rider cover will only be paid in scenarios where customer is diagnosed with listed 64 critical illnesses or total and permanent disability. Rider will terminate after major critical illness claim is paid to the policyholder. In case customer requests for cancellation of rider only, the solution as a whole will be cancelled and not just the individual rider. |
maxlifeinsurance.com | Max Life Insurance Company Limited is a Joint Venture between Max Financial Services Limited and Axis Bank Limited. |
maxlifeinsurance.com | @1Standard premium for 20-year old healthy male, non-smoker, 40 years policy term, 40 year premium payment term (exclusive of GST) for Max Life Smart Total Elite Protection Term Plan (UIN: 104N125V05). The above mentioned premium is the discounted monthly premium to be paid in 1st year. Discount is applicable only for salaried employees with a corporate, purchasing via web link. During policy issuance, Max life may call for proof of employment if required. In case proposer when asked is not able to prove the employment part, discount offer will be discontinued and additional premium as applicable will have to be paid for processing of the case. | ~1 Get back all the premiums paid with Special Exit value. This can be exercised in any policy year starting 30th policy year, but not during the last 4 policy years. Available for minimum policy term of 40 years. Benefit available with special exit value - the total premiums paid plus underwriting extra premiums paid plus loadings for modal premiums exclusive of any applicable taxes, cesses or levies. This feature shall be applicable on the base cover premium only and not for additional optional benefits like Accelerated Critical Illness, Accident cover, Joint life cover, any attached riders and Voluntary Sum Assured Top-Up. |
maxlifeinsurance.com | @>Max Life Critical illness and Disability (UIN: 104B033V01) available as a rider on payment of additional premium. 64 critical illnesses covered in platinum and platinum plus variant on payment. |
maxlifeinsurance.com | *#Some benefits are guaranteed and some benefits are variable with returns based on the future performance of your Insurer carrying on life insurance business. The assumed rates of return (4% p.a. and 8% p.a.) shown in the illustrative example are not guaranteed and they are not the upper or lower limits of what you might get back as the value of your Policy depends on a number of factors including future investment performance. The guaranteed and non-guaranteed benefits are applicable only if all due premiums are paid. The Maturity Benefit shown in the illustrative example are inclusive/exclusive of taxes. |
maxlifeinsurance.com | Operation Center :Â Max Life Insurance Co. Ltd, Plot No. 90C, Udyog Vihar, Sector 18, Gurugram (Haryana) - 122015. |
maxlifeinsurance.com | ii. Surrender Benefit (or Early Exit Value) will be payable only after the policy has acquired a Surrender Value (or Early Exit Value) |
maxlifeinsurance.com | Yes, you must purchase Term insurance plans with return of premium option if you require a significant amount of financial protection for your loved ones but have a low-risk tolerance when it comes to putting your money into term insurance. Unlike pure term insurance plans, Term insurance plans with return of premium option provides both death and maturity benefits, so that you and your loved ones can benefit from the plan. |
maxlifeinsurance.com | Essentially, a term plan with return of premium is similar to a standard term plan. It works as a life cover and provides a death benefit to the beneficiaries of the policy. |
maxlifeinsurance.com | MAX LIFE CRITICAL ILLNESS AND DISABILITY RIDER (UIN: 104B033V01) available as a rider on payment of additional premium. |
maxlifeinsurance.com | The premium shall be adjusted on the due date even if it has been received in advance. |
maxlifeinsurance.com | Let us know about your experience or any feedback that might help us serve you better in future. |
maxlifeinsurance.com | Conditions for special exit value: options to receive all premiums paid back, at a specified point in the term of the policy(free of cost). Available when Return of Premium Variant is not chosen. |
maxlifeinsurance.com | *Life insurance coverage is available in this product. For more details on risk factors, Terms and Conditions please read the prospectus carefully before concluding a sale. You may be entitled to certain applicable tax benefits on your premiums and policy benefits. Please note all the tax benefits are subject to tax laws prevailing at the time of payment of premium or receipt of benefits by you. Tax benefits are subject to changes in tax laws. Trade logo displayed belongs to Max Financial Services Ltd. and Axis Bank Ltd. respectively and with their consents, are used by Max Life Insurance Co. |
maxlifeinsurance.com | ~3Disclaimer: A 35 year old female opting for a life cover of Rs. 1 Cr till the age of 75 years pays Rs. 3,319 monthly for 10 years while a 35 year old male will pay Rs. 4,168 monthly for 10 years |
maxlifeinsurance.com | *++Max Life's Nifty Alpha 50 Fund tracks the NSE's Nifty Alpha 50 Index, subject to tracking error. The above values have been calculated by projecting historical returns of the Nifty Alpha 50 index, after adjusting for all expenses, except the tracking error, in Max Life's online savings plan (variant 1) for a 35-year-old male investing 10k per month for 10 years and maturity after 20 years. The calculations have been done using historical returns of the Nifty Alpha 50 index and may not be indicative of the future performance of Max Life's Nifty Alpha 50 Fund. The above values have been calculated basis 10 year returns of 26.4% (30th Apr'24) of the Nifty Alpha 50 Index. |
maxlifeinsurance.com | *+Nifty Mid-cap 150 Momentum 50 Index was launched in Augâ22. These are returns of benchmark indices and are not indicative of return on Max Life Insuranceâs Midcap Momentum Index fund. 10 year return of NIFTY Midcap 150 Momentum 50 Index as on 27/05/2024. Max Life Midcap Momentum Index Fund (SFIN: ULIF02802/01/24MIDMOMENTM104) is passively managed Index Fund that mirrors NIFTY Midcap 150 Momentum 50 Index. |
maxlifeinsurance.com | ~1Max Life Smart Secure Plus Plan, A non-linked non-participating Individual Pure Risk Premium Life Insurance Plan| Standard Premium for 30 year old healthy male, non-smoker, 40 years policy term, 40 year premium payment term (exclusive of GST) for Max Life Smart Secure Plus Plan | ~1 Conditions for special exit value: Option to receive all premiums paid back, at a specified point in the term of the policy (free of cost). Available when Return of premium variant is not chosen. No additional premium to be paid. Option to receive all premiums back (exclusive of GST). Flexibility of exiting the plan early. Special Exit Value cover applicable till age 68 & above (of your age). T&C Apply. |
maxlifeinsurance.com | Unit Linked Insurance Products (ULIPs) are different from the traditional insurance products and are subject to the risk factors. The premium paid in the Unit Linked Life Insurance Policies is subject to investment risks associated with capital markets and the NAVs of the units may go up or down based on the performance of fund and factors influencing the capital market and the insured is responsible for his/her decisions. Max Life Insurance is only the name of the insurance company and Max Life Online Savings Plan (UIN: 104L098V06) is only the name of the unit linked life insurance contract and does not in any way indicate the quality of the contract, its future prospects or returns. Please know the associated risks and the applicable charges from your Insurance agent or the Intermediary or policy document of the insurer. The various funds offered under this contract are the names of the funds and do not in any way indicate the quality of these funds, their future prospects or returns. |
maxlifeinsurance.com | ^4Disclaimer: Standard premium for 24-year old healthy male, non-smoker, 25 years policy term,25 year premium payment term (exclusive of GST) for Max Life Smart Total Elite Protection Term Plan (UIN: 104N125V05) with a life cover of Rs. 1.5 Cr. |
maxlifeinsurance.com | The policyholder has a period of 30 days from the date of receipt of the policy document, to review the terms and conditions of the Policy, where if the policyholder disagrees to any of those terms or conditions, he / she has the option to return the Policy stating the reasons for his objections. The policyholder shall be entitled to a refund of the premiums paid, subject only to deduction of a proportionate risk premium for the period of cover and the expenses incurred by the company on medical examination of the lives insured and stamp duty charges. |
maxlifeinsurance.com | For Additional Benefits -##On Payment of Additional Premium. The accident cover will only be paid in scenarios where death occurs due to accident. |
maxlifeinsurance.com | ***Available with early wealth variant. Income benefit will be paid as per selected plan terms. |
maxlifeinsurance.com | The surrender value is the higher of Guaranteed Surrender Value (GSV) or Special Surrender Value (SSV). The Special Surrender Value is equal to the Guaranteed Surrender Value under this variant. |
maxlifeinsurance.com | Disclaimer~*Standard premium for 24-year old healthy female,non-smoker, 25 years policy term, 25 year premium payment term (exclusive of GST) for Max Life Smart Total Elite Protection Term Plan (UIN: 104N125V05) |
maxlifeinsurance.com | When you purchase a term plan with return of premium option and decide to discontinue paying the premium under the plan or surrenders the policy, you will receive a Surrender Value of the policy. |
maxlifeinsurance.com | #~Term Insurance plan bought online directly from Max Life Insurance has no commissions involved. |
maxlifeinsurance.com | ##Save 46,800 on taxes if the insurance premium amount is Rs.1.5 lakh per annum and you are a Regular Individual, Fall under 30% income tax slab having taxable income less than Rs. 50 lakh and Opt for Old tax regime ~# Save 54,600 on taxes if the insurance premium amount is Rs.1.5 lakh per annum for life cover and 25,000 for critical illness cover and you are a Regular Individual, Fall under 30% income tax slab having taxable income less than Rs. 50 lakh and Opt for Old tax regime. |
maxlifeinsurance.com | When it comes to important financial commitments such as buying term insurance with return of premium (TROP) plan, each person may have different objectives. This is significantly dependent on a number of personal factors such as your age, income source, lifestyle habits and medical conditions. Analyzing your financial profile based on these key parameters can help you find the right policy. So, if you plan to purchase a term plan with return of premium, you have to examine the benefits offered against such factors. Largely, TROP can be a preferable choice for people who fall under the following categories: |
maxlifeinsurance.com | ~^Disclaimer: 5 year return (CAGR â Compound Annualised Growth Rate) from Max Life High Growth Fund (ULIF01311/02/08LIFEHIGHGR104) as on 31/07/2024 |
maxlifeinsurance.com | 3The discount is applicable if you are a salaried employee with a corporate. During policy issuance, Max Life may call for proof of employment if required. In case proposer when asked is not able to prove the employment part, discount offer will be discontinued and additional premium as applicable will have to be paid for processing of the case. |
maxlifeinsurance.com | Max Life Online Savings Plan is a Unit Linked Non Participating Individual Life Insurance Plan (UIN: 104L098V06) |
maxlifeinsurance.com | This option under term plan with return of premium allows you to pay off the premiums till the age of 60 years, while the plan extends till 85 years of age. |
maxlifeinsurance.com | IRDAI - Registration No. 104. ARN/Web/01/21042021 Category: Life. Validity: Valid. Corporate Identity Number (CIN):U74899PB2000PLC045626. Corporate Office: Max Life Insurance Co. Ltd. 11th Floor, DLF Square, Building, Jacaranda Marg, DLF Phase 2, Sector 25, Gurugram, Shahpur, Haryana 122002 Trade logo displayed belongs to Max Financial Services Ltd. and Axis Bank Ltd .respectively and with their consents, are used by Max Life Insurance Co. Ltd |
maxlifeinsurance.com | After purchasing the term plan with return of premium, if you discontinue premium payments or surrender the plan, you will receive a surrender value. The surrender value of TROP is subject to the following conditions, depending on the premium payment option: |
maxlifeinsurance.com | *&10 year return of Nifty Smallcap 250 Quality 50 Index as on 30/04/2024. The past returns are extrapolation of index fund returns up to past 10 years using same formula (provided by NSE). The returns are not indicative of the future performance of the fund. Max Life Nifty Smallcap Quality Index Fund is passively managed Index Fund that mirrors Nifty Smallcap 250 Quality 50 Index. The objective of the fund is to invest in companies with similar weights as in the index and generate returns as closely as possible, subject to tracking error. |
maxlifeinsurance.com | Not only that, in case you survive the policy tenure the total amount of premiums paid {Exclusive of taxes and exclusive of amount paid towards riders} ^ would be returned to you on Policy Maturity. This maturity amount is tax-exempt under Section 10(10D) of the Income Tax Act, 1961. |
maxlifeinsurance.com | As the policyholder, you can choose the suitable sum assured under term plan with return of premium. Furthermore, you can also select the best-suited premium payment option from among these: |
maxlifeinsurance.com | The key element that sets it apart is the maturity benefit applicable on a term plan with return of premium. |
maxlifeinsurance.com | Option to double your insurance cover, basis underwriting, at the time of your need by increasing your sum assured up to an additional 100% of base sum assured, chosen at inception |
maxlifeinsurance.com | Let's take a closer look at the benefits of a term plan with return of premium: |
maxlifeinsurance.com | When a person buys a standard insurance plan or term plan with return of premium, the primary purpose is life cover. They wish to create a financial shield over their family against unpredictable circumstances. |
maxlifeinsurance.com | Moreover, you can also avail of a host of other policy benefits such as protection against accidental death and dismemberment, critical illnesses, and tax benefits (both deductions and exemptions). Thus, the term plans with return of premium option are definitely worth their price. |
maxlifeinsurance.com | Choosing the right sum assured depends on various factors. Know more on how to select the correct sum assured for your term insurance. Below are some of the sum assured options you can avail. Click on the preferred option and check on further details. |
maxlifeinsurance.com | ^2Disclaimer: Standard premium for 24-year old healthy male, non-smoker, 25 years policy term,25 year premium payment term (exclusive of GST) for Max Life Smart Total Elite Protection Term Plan (UIN: 104N125V05) with a life cover of Rs. 75 lakh. |
maxlifeinsurance.com | Policyholders can benefit from a term plan with return of premium by paying an additional premium. |
maxlifeinsurance.com | **Disclaimer | Max Life Smart Secure Plus Plan. A Non Linked Non Participating Individual Pure Risk Premium Life Insurance Plan. | **Standard Premium for 24 Year Old Healthy Female, Non-smoker, 25 Years Policy Term, 25 Year Premium Payment Term (exclusive of GST) for Max Life Smart Secure Plus Plan. | For Male, the Total premium to be paid in 25 years is Rs.2.09 lakhs (exclusive of GST). ~As compared to the similar modal points of Male, Female has to pay Rs. 13,800 lesser premium than male for the entire policy term (exclusive of GST). |
maxlifeinsurance.com | Facility to avail a loan in case of a financial emergency |
maxlifeinsurance.com | A policy buyer may find it difficult to choose between the several insurance products available. Choosing on the basis of one deciding factor, whether it is cost or policy period may not be favourable. Hence, make sure to consider the comprehensive benefits of a term plan with return of premium to be satisfied with the investment. |
maxlifeinsurance.com | In case of your untimely demise, the Term insurance plans with return of premium optionwill provide the financial protection to your loved ones, like any regular term plan. The insurance amount received as death benefit is tax-free. |
maxlifeinsurance.com | Term insurance plans with return of premium option offers policy benefits if anything happens to you within the policy period as well as upon surviving the policy. The major benefits are |
maxlifeinsurance.com | As an unmarried individual, you may have the financial responsibilities of your parents, especially if they are retired. If you have a term plan with return of premium, the maturity benefit ensures they receive a large sum of money either way. |
maxlifeinsurance.com | A parent has a broad set of financial responsibilities to undertake for the well-being of their children. Saving up for their marriage, higher education and other life goals is a crucial aspect of your investment plans. In case you are the only earning member of the family, your spouseâs and childrenâs well-being is also to be considered. |
maxlifeinsurance.com | The ROP variant of term insurance is available under Max Life Smart Secure Plus Plan (A Non-Linked Non Participating Individual Pure Risk Premium Life Insurance Plan (UIN - 104N118V02)) |
maxlifeinsurance.com | The death benefit offered with TROP helps the policyholder's family to manage their expenses during a crisis. |
maxlifeinsurance.com | 1The 5% employee discount will be refunded to you once your policy is issued. Submit your documents for getting your policy issued and get 5% employee discount |
maxlifeinsurance.com | Past performance of the investment funds do not indicate the future performance of the same. Investors in the Scheme are not being offered any guaranteed / assured returns. The premiums & funds are subject to certain charges related to the fund or to the premium paid. |
maxlifeinsurance.com | Â Disclaimer:%*Standard daily premium for 24-year old healthy male, non-smoker, 25 years policy term, 25 year premium payment term (exclusive of GST) for Max Life Smart Total Elite Protection Term Plan (UIN: 104N125V05). ARN: C/SA/140824 |
maxlifeinsurance.com | @2Standard premium for 20-year old healthy male, non-smoker, 40 years policy term, 40 year premium payment term (exclusive of GST) for Max Life Smart Total Elite Protection Term Plan (UIN: 104N125V05). The above mentioned premium is the discounted monthly premium to be paid in 1st year. Discount is applicable only for salaried employees with a corporate, purchasing via web link. During policy issuance, Max life may call for proof of employment if required. In case proposer when asked is not able to prove the employment part, discount offer will be discontinued and additional premium as applicable will have to be paid for processing of the case. | ~1 Get back all the premiums paid with Special Exit value. This can be exercised in any policy year starting 30th policy year, but not during the last 4 policy years. Available for minimum policy term of 40 years. Benefit available with special exit value - the total premiums paid plus underwriting extra premiums paid plus loadings for modal premiums exclusive of any applicable taxes, cesses or levies. This feature shall be applicable on the base cover premium only and not for additional optional benefits like Accelerated Critical Illness, Accident cover, Joint life cover, any attached riders and Voluntary Sum Assured Top-Up. |
maxlifeinsurance.com | Letâs take the case of Mr. Patel, a 30-year-old man looking to secure coverage for himself. He is a healthy man, without any smoking habits or history of medical problems. He opts for a term plan with return of premium and selects a sum assured of Rs. 50 lakhs. |
maxlifeinsurance.com | As a breadwinner of your family, there are several responsibilities on your shoulders to ensure your loved ones live a comfortable life. Hence, it is crucial to make⦠|
maxlifeinsurance.com | Customer Helpline: 1860 120 5577 (9:00 A.M to 6:00 P.M Monday to Saturday) * Call charges apply. |
maxlifeinsurance.com | ~4 Subject to submission of all documents required for GST waiver. |
maxlifeinsurance.com | Pure term insurance plans provide significant financial support to your grieving family, should anything happen to you. But these plans do not offer any maturity benefits, i.e., if you were to outlive the term insurance coverage period, you do not receive anything on policy maturity. |
maxlifeinsurance.com | The entire premium for TROP is payable as a lump sum amount in one go, instead of distributing it over extended duration. |
maxlifeinsurance.com | âTotal premiums paid plus underwriting extra premiums, if any, for base policyâ refers to the total of all annualised premium paid plus underwriting extra premium, if any, under the policy including premiums for Life Stage Add on Sum Assured (if any) |
maxlifeinsurance.com | There is no catch as such with the Term insurance plans with return of premium option. On the contrary, the Term insurance plans with return of premium option offers financial assistance in case of your untimely demise within the policy tenure. Moreover, these plans also offer to pay back the 100% of the Total Premiums that you pay towards the plan in case you outlive the coverage term. |
Subsets and Splits