Prices Increasing Soon
Secure your family's financial future by planning for the long term and taking dedicated steps to ensure their safety. If you're unsure where to begin, consider getting a 75 lakh term insurance policy from Axis Max Life Insurance. These budget-friendly options offer coverage of 75 lakhs, providing financial security against unexpected life events. This article gives detailed information about Max Life 75 Lakh Term Insurance to help you make an informed decision.
#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
Max Life 75 Lakh Term Insurance Plan is designed to offer financial security to your loved ones during your unexpected death. Therefore, a 75 Lakh term plan offered by Axis Max Life Insurance helps by providing a sum assured of Rs. 75 Lakhs.
Term Plans
Let us understand how this life insurance plan works with the help of this example:
You can choose a 75 Lakh Term Insurance plan from Axis Max Life Insurance for a definite policy term, and the assigned nominee will get the death benefit of Rs. 75 Lakhs in the case of your untimely death. The Max Life 75 Lakh term insurance plan provides a trustworthy financial safety net for your family in tough times like illness or death. With affordable premiums and extensive life coverage, it's a reliable choice for individuals wanting to protect their family's future.
Here are some of the reasons why you should buy Max Life 75 Lakh Term Insurance:
Affordable premiums: Max Life 75 Lakh term insurance provides comprehensive coverage at affordable premiums, making it an ideal financial commitment towards your family. Also, starting the plan early in life allows you to enjoy the benefits of Max Life 75 Lakh Term Insurance from premiums as low as Rs. 602/month.
Extra coverage benefits: Max Life 75 Lakh term insurance includes additional coverage advantages like accidental death benefits, critical/terminal illness benefits, and waiver of premium riders.
Financial support for your family: The Max Life Term Plan ensures that your loved ones' financial needs are met in your absence. Nominees can use the death benefit to settle debts, loans, and liabilities, or cover household expenses.
Secure Your Family Future Today
₹1 CRORE
Term Plan Starting @
Get an online discount of upto 10%#
Compare 40+ plans from 15 Insurers
Here is a list of some factors that can help determine if buying a 75 Lakh term life insurance plan is the right choice for you:
Your Annual Income: When assessing all the term plan options to buy the best term life insurance in India, it's a wise step to make sure that your cover amount is at least 10 times your yearly income. For example, if the annual income is Rs. 5 Lakhs, the term plan should at least be Rs. 75 Lakhs. You can easily use Policybazaar’s term policy calculator for a more appropriate estimate.
Current Age: Your age plays a crucial role in finding the right coverage for your term life insurance. As you get older, the chances of health issues rise, resulting in higher premiums. It's a good idea to buy the 75 Lakh term insurance plan at a younger age. This way, you can get high coverage at lower premiums, ensuring financial security for your loved ones without expensive payments for a longer time.
Assessing Financial Dependents and Their Needs: It's important to assess your dependents' financial needs to understand if a 75 Lakh term insurance policy is the right option. Keep track of the number of family members who depend on you financially and analyze their future needs like education, marriage, loans, etc. Ensure all your dependents' financial needs, especially those relying on your support, are properly considered.
Settling Loans and Liabilities: Before you buy term plan, carefully review any ongoing loans or debts, like home, car, or education. Opting for a 75 Lakh term insurance policy is beneficial as it offers extensive life coverage that meets all your needs.
Here are the benefits of Max Life 75 Lakh Term Insurance:
Affordable Premiums: The Max Life 75 Lakh term insurance plan comes with a budget-friendly premium rate, especially if purchased at a younger age, starting at Rs. 602/month.
Additional Coverage Options: Max Life 75 Lakh term insurance plan not only offers extensive coverage for your loved ones but also allows you to enhance it with optional add-ons like critical illness, premium waiver, and accidental death riders. While not mandatory, these riders provide extra protection tailored to your specific needs, and you can add them while purchasing the plan.
Convenient Online Purchase: Buying the Max Life 75 Lakh Term Insurance plan online is easy and hassle-free, eliminating the need for visiting branches or standing in queues. Plus, you can enjoy a 10% discount when purchasing through Policybazaar.
Flexible Payout Modes: Unlike some life insurance companies that offer a lump sum death benefit, Max Life allows you to choose from various payout methods. For example, you can combine a lump sum with monthly income payouts, giving you better control over your expenses.
Tax Benefits: Opting for the best 75 Lakhs term plan makes you eligible for tax deductions under sections 80C and 10(10D) of the Income Tax Act, 1961.
Here is a list of all eligible people who can buy 75 Lakh Term Insurance:
Young individuals
Business owners or self-employed individuals
Sole breadwinners of a family
Individuals with outstanding debts
Newly married couples
Parents with children
Here are the steps to buy Max Life 75 Lakh Term Insurance from Policybazaar:
Step 1: Visit Policybazaar's official website and go to 'Term Insurance'.
Step 2: Fill in your basic details such as Name, Date of Birth, and contact number, then click on 'View Plans'.
Step 3: Submit all correct answers about your smoking habits, annual income, occupation type, and educational qualifications.
Step 4: Select 75 Lakhs as your life cover to view all the available term plans.
Step 5: Once you have submitted all your details, a list of the best term insurance plans will be displayed.
Step 6: Choose the Max Life plan from the list and proceed to payment using your preferred mode.
†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
Annual Renewable Term Insurance (ATR) is tailored for short-term
Read more
The ICICI Pru iProtect Super Plan is a pure-term insurance plan
Read more
Many people wonder about its tax benefits when purchasing a term
Read more
Studying abroad can be a life-changing experience, offering
Read more
The divide between rural and urban lifestyles in Tamil Nadu is
Read moreInsurance
Calculators
Payment Methods
Secured With
Follow us on
