Max Life Whole Life Super Plan

Max Life Whole Life Super Plan Table

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Benefits of Max Life Whole Life Super Plan

For any benefits to disburse, the Max Life Whole Life Super Plan Policy status has to be active. 

• Maturity Benefit - The Guaranteed Sum Assured on Maturity plus the Terminal Bonus and Accrued Paid-Up Additions, is paid in lump-sum on the policy anniversary following the attainment of 100 years of age. 

• Death Benefit - The total of the Guaranteed Sum Assured on Maturity plus the Terminal Bonus, and the Accrued Paid-Up Additions, is paid in lump-sum on the demise of the policyholder during the policy term. 

• Terminal Illness Benefit - The benefit is payable if there is a Terminal Illness diagnosis for the insured, which is likely to lead to death within the next six months, and certified by medical practitioners. The payable amount is 50% of the Guaranteed Sum Assured on Maturity, subject to a maximum of Rs.10 Lakh. 

• Tax Benefit - According to the prevailing terms, the insured is entitled to tax deductions for the premium paid and the received benefits under the Income Tax Act, 1961. 

*Tax benefit is subject to changes in tax laws

The Premium for Max Life Whole Life Super Plan

The indicative sample Max Life Whole Life Super Plan premium is described below:

• Minimum: Rs.8,500

• Maximum: No limit; subject to underwriting. 

*Standard T&C Apply

Additional Riders for Max Life Whole Life Super Plan

Max Life Whole Life Super Plan Reviews mention additional riders offered with the policy, which are:

• Max Life  Waiver of Premium Plus Rider

• Max Life Accidental Death & Dismemberment  Rider

• Max Life  Term Plus Rider

Eligibility for Max Life Whole Life Super Plan

• Entry Age: 

  • Minimum: 30 years

  • Maximum: 65 years; varies as per PPT

• Maturity Age: 100 years

What are the documents required to buy this policy?

Documents are essential to buy Max Life Whole Life Super Plan. The copies of Official Valid Documents are accepted for the following: However, the insurer may call additional documents. 

• Identity Proof

• Age Proof

• Address Proof

• Income Proof

• Recent Photograph 

How to buy this plan online?

The policy is bought through the conventional method at the nearest brick and mortar office as the online Max Life Whole Life Super Plan is not an option on the insurer website. The applicant can draw the plan's contours by using the Max Life Whole Life Super Plan calculator. The insurer is free to make an online request for a Financial Expert's assistance to prepare the proposal and pay the initial premium to complete the process. The purchase can be accomplished in a few simple steps:

• Choose the Guaranteed Sum Assured at Maturity

• Choose the Premium Payment Term

• Choose the Bonus Option to meet future needs. 

Exclusions of Max Life Whole Life Super Plan

The suicide clause is applied in the plan. It deals with the death benefit for the suicidal death of the insured within twelve months of the policy inception or revival. The payable amount is limited to 80% of the paid premium or the surrender value, whichever is higher.