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Max Life Online Term Plan Basic Life Cover

Max Life Online Term Plan Basic Life Cover is a pure term plan available through the company’s website which takes care of the protection needs by providing high coverages at minimal costs

Gets ₹1 Cr. Life Cover at just
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Upto 10% discount# for buying online
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Life is Unpredictable! Protect your family’s future
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The Policybazaar Advantage
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Dedicated claim support for family FREE
Policybazaar team will help and support you at the time of claim. A personal claim handler from our team of experts will get in touch with you when your nominee applies for a claim on our website.
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100% calls recorded to ensure no mis-selling
We will make sure you get what is promised by the advisors. We conduct regular monitoring of our calls to make sure you get the best experience.
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Exclusive lifetime discount upto 5% for buying online
The discounts will be valid for the entire policy payment term and is not available if you choose to buy the insurance through offline agents.
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Advisors available in your city
Our advisors are available in more than 55 cities across India and can help you at your doorstep in understanding the plans and in documentation.
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Refund at the click of a button
In case you aren’t happy with your purchase, you can cancel your policy hassle-free at the click of a button. We will help you with the cancellation and refund of your policy.

Key Features

  • It is a pure term plan with regular pay premium paying options
  • Easy and hassle-free application process

one crore term plan
plus

Term Plans

₹1
Crore

Life Cover

@ Starting from ₹ 16/day+

₹50
LAKH

Life Cover

@ Starting from ₹ 8/day+

₹75
LAKH

Life Cover

@ Starting from ₹ 12/day+

Benefits

  • The nominee gets the Sum Assured on death of the policyholder
  • Income tax benefit on the premium paid as per Section 80C and on the claims received as per Section 10(10D) of the Income Tax Act.

one crore term plan

Secure Your Family Future Today

₹1 CRORE

Term Plan Starting @

Get an online discount of upto 10%#

Compare 40+ plans from 15 Insurers

+Standard T&C Applied

Product Specification:

 

Minimum

Maximum

Entry Age (Last Birthday)

18 years

60 years

Maturity Age (Last Birthday)

-

70 years

Policy Term (PT) in years

10

35

Premium Paying Term (PPT) in years

Equal to policy term

Premium Paying Frequency

Annual

Yearly Premium

Depends on Sum Assured and policy term

Sum Assured

25,00,000

100 crores

Life Insurer Details

Details About Premium

Annual premium in Rupees for a SA of 50 lakhs and 20 year term

Age (in years)

Premium (in Rs.)

Non- Smoker

Smoker

30

4050

5950

35

5250

8200

40

7450

12,100

45

11,150

18,550

Policy Details

  • Grace Period: 30 days grace period is allowed for payment of premium
  • Policy Termination or Surrender Benefit: there is no surrender value under the plan
  • Free Look Period: If you would not be pleased with the coverage, and terms and conditions of the policy, you have the option of canceling the policy within 30 days of receipt of the policy documents, provided there has been no claim.

Additional Features or Riders

  • Max Life Comprehensive Accident Benefit Rider is available for comprehensive coverage
  • Premium discounts are given for non-smokers
  • Rebates for choosing high Sum Assured levels
  • Female lives are offered lower premium rates

Exclusions

  • In case of suicide committed within 12 months of policy inception or revival only total premiums paid are returned to the nominee.

Documents Required

Policyholder has to fill up an ‘Application form/ proposal form’ online and provide self-attested copies of KYC/AML Documents.

Premium By Age

Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in

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