Prices Increasing Soon

Max Life Super Term Plan

Max Life Super Term Plan is a traditional Term Insurance plan which provides lump sum benefits if the policyholder passes away and this provides a strong financial support to the policyholder’s family at a very reasonable cost.

Gets ₹1 Cr. Life Cover at just

COVID-19 Covered

The Policybazaar Advantage

Dedicated claim support for family FREE

Upto 10% discount^# for buying online

Only certified experts will call you on 100% recorded lines

We are rated^~

7.7 Crore

Registered Consumer

Insurance Partners

4.2 Crore

Policies Sold

#All savings and online discounts are provided by insurers as per IRDAI approved insurance plans | Standard Terms and Conditions Apply

By clicking on "View plans" you agree to our Privacy Policy and Terms of use

~Source - Google Review Rating available on:- http://bit.ly/3J20bXZ

Life is Unpredictable! Protect your family’s future

Get ₹1 Crore Life cover starting from /month⁺

Male

Female

+91

We don’t spam

Check Your Premium Now

Get Updates on WhatsApp

Max Life Super Term Plan - Key Features

This Plan is pure term insurance plan that offers regular options paying the premium.
There are 2 Sum Assured options 1 & 2 where Level Sum Assured is offered in Option 1 & Increasing Sum Assured in Option 2
In Option 2, the Sum Assured increases by 5% p.a. at a simple rate every year

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⁺

Max Life Super Term Plan - Benefits

On death of the policyholder, Guaranteed Death Benefit is payable which is higher of 10 times the annual premium or 105% of all premiums paid till death or Guaranteed Maturity SA or Sum Assured effective on the policy year before or in the year of death.
The nominee can avail the entire death benefit in a lump sum amount or avail 50% of the benefit in a lump sum and the rest 50% in equal monthly instalments @ 0.42% of the Guaranteed Death Benefit for 10 years post death.
The monthly instalments increase at a simple rate of 8.5% p.a. and they can also be withdrawn in lump sum any time by the nominee in which case the amount will be paid after discounting it @ 6.5%. As a policyholder, you get to leverage Income tax benefits as per Income Tax Act.

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

Max Life Super Term Plan - Product Specification

	Minimum	Maximum
Entry Age (Last Birthday)	18 years	65 years
Maturity Age (Last Birthday)	-	75 years
Policy Term (PT) in years	10	35
Premium Paying Term (PPT) in years	Equal to policy term
Premium Paying Frequency	Annual, half-yearly, quarterly, monthly
Yearly Premium	5000	No limit
Sum Assured	25,00,000	No limit

Details About Premium

Annual premium in Rupees for a SA of 50 lakhs and 25 year term under Options 1 – Level SA and Option 2 – Increasing SA

Age (in years)	Option 1		Option 2
Age (in years)	Non-smoker	Smoker	Non-smoker	Smoker
30	6500	8700	9250	13,000
35	8200	11,550	12,450	18,200
40	11,300	16,500	17,800	26,700
45	16,300	24,450	26,050	39,700
50	23,950	36,550	38,650	59,350

Max Life Super Term Plan - Policy Details

Grace Period: A grace period of 15 days is allowed for paying the premium in monthly mode and 30 days in other modes.
Surrender Benefit: There is no surrender value offered under this plan.
Additional benefits or Riders: Non-smokers are given premium discounts High sum assured levels get rebates Low premium rates for female insurance taker

Exclusions:

There are unfortunate cases when the policyholder commits suicide within a year of taking up then in these cases the nominee receives the total premiums paid.

Documents Required:

To take the policy, you need to submit KYC documents along with address proof to support the proposal form. Moreover, a medical examination is necessary in a case of the amount assured and the age of the person who wishes to take the policy.

Free Look Period:

There are certain times when we wish that we would not have made certain choices. This is not possible in most of the cases, but it is possible in this case as this policy allows you to revoke it after fifteen days of receiving the policy documents, on the condition that no claim was made till date.

You may also like to read: Max Life Term Insurance Plans