Max Life Term Insurance
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  • Flexibility to Choose Sum Assured
  • Zero Cost Term Plan
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Max Life Term Insurance Plans: Overview

Max Life is one of the leading insurance providers which offers a variety of insurance plans to their customers. Max Life Term Insurance plans offer financial protection to the policyholder’s family in case of their uncertain demise during the policy tenure.

What are some of the
Benefits
that set them apart?

  • Safety net for your dependents,

  • Monthly income benefit with some plans,

  • Affordable premiums,

  • High sum assured option,

  • Tax benefits,

  • Protection against liabilities,

  • Flexible policy tenure,

  • Additional riders to choose from, etc.

  1. Solvency Ratio
    1.9
  2. Claim Settlement Ratio
    99.51%
  3. Annual Premium
    25341.91 Cr
  4. Branches
    231+

Max Life Term Insurance Plans

Max Life Term Insurance offers you multiple term insurance plans based on the features, benefits, and eligibility criteria. Here are some of the term plans offered by Max Life Term Insurance.

Plan Entry Age Tenure Min. Sum Assured Unique Features
Max Life Saral Jeevan Bima Plan Minimum Age - 18 years Maximum Age - 65 years Annual, half-yearly, quarterly & monthly Rs 5 lakhs
  • Multiple premium payment terms and policy term options
  • Coverage up to 70 years of age
  • Pocket-friendly simple plan
Max Life Online Term Plus Plan Minimum Age - 18 years Maximum Age - 60 years Annual, half-yearly, quarterly & monthly Rs 25 lakhs
  • Accelerated critical illness (CI) benefit
  • Get rewarded for a healthy lifestyle
  • High-sum assured discounts.
Max Life Premium Return Protection Plan Minimum Age - 21 years Maximum Age - 55 years Annual, half-yearly, quarterly & monthly Rs 50 lakhs
  • Accelerated critical illness (CI) benefit
  • Get rewarded for a healthy lifestyle
  • High sum assured discounts.
Max Life Smart Total Elite Protection Plan Minimum Age - 18 years Maximum Age - 65 years Annual, half-yearly, quarterly & monthly Rs 1 crore
  • Special exit value
  • Inbuilt terminal illness cover
  • Insta Payment on Claim Intimation
Smart Secure Plus Plan Minimum Age - 18 years Maximum Age - 65 years Annual, half-yearly, quarterly & monthly Rs 20 lakhs
  • Joint life option
  • Pay premiums at your convenience
  • Voluntary sum assured top-up option

Overview of Max Life Term Insurance Plans

Here is a quick overview of the Max Life Term Insurance Plans listed in the above table.

Max Life Saral Jeevan Bima Plan

Max Life Saral Jeevan Bima is a simple, easy-to-understand pure-term plan that provides adequate protection to meet your life insurance needs.

Here are the key features of the above plan
  • Multiple premium payment terms and policy term options.
  • Coverage up to 70 years of age and policy term of 5 to 40 years.
  • Maximum sum assured up to ₹ 25,00,000.
  • Non-forfeiture Benefit.

Explore other Max Life Term Insurance

Max Life Term Insurance offers one of the best term insurance plans to cater to the unique needs of every customer. You can buy their term plans with high life cover at pocket-friendly costs. Get a 5% discount for online purchases and 100% claim assistance with Max Life Term Insurance plans. Below is the list of term plans offered by Max Life.

Max Life Saral Jeevan Bima is a beacon of simplicity in the world of insurance. This is a non-participating, non-linked pure-term plan, designed to de...

Unique Features

  • Death Benefit
  • Waiver Of Premium
  • Policy Cancellation Value

Max Life Saral Jeevan Bima (Pros)

Max Life Saral Jeevan Bima
  • 105% Death Benefit
  • Choose to pay Premium Once
  • Max Sum Assured 25 L

Max Life Saral Jeevan Bima (Cons)

Max Life Saral Jeevan Bima
  • No Survival Benefit
  • No Maturity Benefit
  • No Surrender Benefit

Max Life Saral Jeevan Bima (Other Benefits)

Max Life Saral Jeevan Bima
  • Suicide Cover After 12 Months
  • Spouse Cover
  • Policy Revival Within 5 Years

Max Life Saral Jeevan Bima (Eligibility Criteria)

Max Life Saral Jeevan Bima
  • Entry Age - 18 Years
  • Max Entry Age - 65 years
  • Minimum Sum Assured - 5 L
  • Maximum Maturity Age - NA
  • Premium Payment Term - RP/SP/LP(5&10 Years)

Max Life Online Term Plan Plus is a pure protection plan that can be bought online from the comfort of your home. The plan eliminates the middleman or...

Unique Features

  • 3D Benefit
  • Life Cover Upto Age 85
  • 40 Critical Illness Covered

Max Life Online Term Plus (Pros)

Max Life Online Term Plus
  • Max SA Is 100 Crore
  • Additional Riders Benefit
  • Flexible Premium Payment Options

Max Life Online Term Plus (Cons)

Max Life Online Term Plus
  • No Maturity Benefit
  • No Surrender Benefit
  • No Policy Loan Allowed

Max Life Online Term Plus (Other Benefits)

Max Life Online Term Plus
  • Discount for Non-Smokers
  • No Restrictions on Travel
  • High SA Discounts & Waiver of Premium

Max Life Online Term Plus (Eligibility Criteria)

Max Life Online Term Plus
  • Entry Age - 18 Years
  • Max Entry Age - 60 years
  • Minimum Sum Assured - 25 L
  • Maximum Maturity Age - 85 Yrs
  • Premium Payment Term - RP

Max Life Premium Return Protection Plan is a simple term insurance plan that offers coverage along with a 'Return of Premium' benefit. The plan offers...

Unique Features

  • Return of Premium Plan
  • Flexible-Premium Payment Term
  • 1 Crore Max Sum Assured

Max Life Premium Return Protection (Pros)

Max Life Premium Return Protection
  • Terminal Illness Benefit
  • Smart Exit Benefit
  • Acceleration Death Benefit

Max Life Premium Return Protection (Cons)

Max Life Premium Return Protection
  • 1 Year WP for Suicide
  • No Policy Loans
  • No Pre-existing Conditions

Max Life Premium Return Protection (Other Benefits)

Max Life Premium Return Protection
  • Death Benefit in Instalments
  • RP
  • WOP & 3 Riders
  • Additional Cover for Spouse

Max Life Premium Return Protection (Eligibility Criteria)

Max Life Premium Return Protection
  • Entry Age - 18 Years
  • Max Entry Age - 84 years
  • Minimum Sum Assured - Adaptable
  • Maximum Maturity Age - 85 years
  • Premium Payment Term - RP/SP/LP

Have you ever heard of a term plan that gives you a 12-month grace period before paying your next premium? Max Life Smart Total Elite Protection Term ...

Unique Features

  • Cover continuous benefit
  • Terminal illness cover
  • Early exit benefit

Max Life Smart Total Elite Protection (Pros)

Max Life Smart Total Elite Protection
  • Special Exit Value
  • Accident Cover
  • Terminal Illness Cover

Max Life Smart Total Elite Protection (Cons)

Max Life Smart Total Elite Protection
  • 1 year WP for suicide
  • No policy loan
  • No pre-existing illness cover

Max Life Smart Total Elite Protection (Other Benefits)

Max Life Smart Total Elite Protection
  • Cover continuance benefit
  • Insta payment
  • Choose policy term

Max Life Smart Total Elite Protection (Eligibility Criteria)

Max Life Smart Total Elite Protection
  • Entry age - 18 years
  • Max entry age - 65 years
  • Min sum assured - 1
  • Max maturity age - 85 years
  • PPT - RP/SP/LP

Max Life Smart Secure plan is a non-linked, non-participating, individual pure risk premium life insurance plan that is specifically designed to fulfi...

Unique Features

  • 100% return of premium
  • Loyalty Discount of 5%
  • Increase your Sum Assured as per requirements.

Smart Secure Plus (Pros)

Smart Secure Plus
  • Income Protector
  • Rider Options
  • Premium Return (ROP)

Smart Secure Plus (Cons)

Smart Secure Plus
  • Limited Maturity Benefit
  • Plan Complexity
  • No Loan Benefit

Smart Secure Plus (Other Benefits)

Smart Secure Plus
  • Enhance Cover at Milestones
  • Accelerated Critical Illness Benefit
  • Accident Cover

Smart Secure Plus (Eligibility Criteria)

Smart Secure Plus
  • Entry Age - 18 Years
  • Max Entry Age - 60 years
  • Minimum Sum Assured - Adaptable
  • Maximum Maturity Age - NA
  • Premium Payment Term - RP/SP/LP

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Max Life Insurance Plans

Riders You Can Avail With Max Term Insurance Plans

Name of the Rider Benefits
Max Life Waiver of Premium It will waive off all future premiums and the benefits of the policy will remain the same in case of disability, dismemberment, or diagnosis of a listed critical illness.
Max Life Comprehensive Accident Benefit Rider Offers financial help to your dependents in addition to base policy benefits in case of the policyholder’s demise due to an accident.
Max Life Terminal Illness Rider Offers financial benefits in case the policyholder is diagnosed with any of the terminal illnesses.
Max Life Total and Permanent Disability Cover This rider offers financial benefits in case the policyholder becomes partially or totally disabled.
Max Life Critical Illness and Disability Rider In case the policyholder is diagnosed with any of the critical illnesses mentioned in the brochure then rider benefits are paid to them.

Benefits of Max Life Term Insurance

Max Life Term Insurance is one of the most trustworthy and reliable insurer partners you can choose from. Here are the reasons why you should choose Max Life Term Insurance Plans:

Tired of Pushy Sales? Get Insurance, Your Way Tired of Pushy Sales? Get Insurance, Your Way

Additional Benefits Offered By Max Term Plans

Max Life Term Insurance Plans offer various additional benefits to the policyholders.

Special Premium Rates for Smokers and Females

Max Life Term Plans such as Max Life Online Term Plan Plus offer special premium rates for smokers as well as females.

Joint Life Option

Some Max Life Term Plans such as Max Life Smart Secure Plus Plan offer you the option to cover your spouse under the same plan..

High Sum Assured Discounts

Max Life Term Plans such as Max Life Term Plan with Return of Premium (TROP) and Max Life Online Term Plan Plus offer you discounts on high sum assured options.

Choice of Multiple Death Benefit Variants

Max Life Smart Term Plan offers you multiple death benefit variants for policyholders to choose from as per their requirements.

Voluntary Sum Assured Top-up Option

Max Life Smart Secure Plus Plan offers a voluntary sum assured top-up option to the policyholders so that they can increase their sum assured.

Types of Max Life Term Plans

There are various Max Life term plans based on their features, policy tenure, benefits, etc. You can choose the one that best suits your requirements.

Basic Term Plan

Plan Name: Max Life Online Term Plan

These plans only provide a sum assured to the nominee in case of the death of the policyholder. No survival benefits are included.

Term Plan with Return of Premium

Plan Name: Max Life Term Plan with Return of Premium (TROP)

These plans give the premium amount back to the policyholders only if they survive the policy term.

Term Insurance with Monthly Income

Plan Name: Max Life Monthly Income Advantage Plan

These plans offer monthly income to the policyholder’s dependents in case of the policyholder’s demise.

Term Insurance with Critical Illness

Plan Name: Max Life Online Term Plan Plus

These plans offer inbuilt coverage against critical illnesses.

Term Insurance with Accidental Disability & Death Cover

Plan Name: Max Life Smart Term Plan

These plans offer inbuilt coverage against accident disability and death cover.

Documents Required to Buy Max Life Term Insurance Policy

Here are the documents required to buy a Max Life Term Insurance Plan:

Photo ID Proof

Photo ID Proof (either of one) - Passport, Aadhar card, PAN card, Driving license.

How to Buy a Max Life Term Insurance Plan?

You can buy the Max Life Term Insurance policy from Policyx.com or the Max Life Term Insurance website.

Life Insurance
  • Step 1

    Fill out the form at the top of this page with the necessary details.

  • Step 2

    Select your income and city. Click on 'Proceed'.

  • Step 3

    Update your education and occupation details.

  • Step 4

    Choose your preferred plan and click on 'Buy this plan'.

  • Step 5

    Select the policy term, premium period, and riders (if required), and then proceed to pay.

Life Insurance
  • Step 1

    Visit the official website of Max Life Insurance.

  • Step 2

    Click on 'Calculate Premium' and fill in the form that comes up.

  • Step 3

    Add benefits and riders as per choice, then click on 'Continue'.

  • Step 4

    Check out the plan options and premium details and select a suitable plan.

  • Step 5

    Click on the 'Buy' option.

Why Choose PolicyX.com?

Don't just take our word for it - check out what our happy customers say about us!

All my claims were rejected for 3 years. Then, I received a text from PolicyX team, who noticed that my claims hadn't been settled. They managed to get my claims settled, totalling ₹4.5 L. I really appreciate the efforts of the PolicyX advisors for their support in settling my claims.

Ravindra Singh

I highly appreciate the help of the PolicyX team for settling my claim of Rs. 5 Lakhs with zero deductions. I took a policy online from them in March 2024. As a customer, it's been a great experience throughout the process.

Priti varshney

I'm very satisfied because my claim of over ₹2 L has been settled as a result of your team effort. However, I was very upset with the insurer, who delayed the claim for almost 2 months. But with your support and interaction, the claim was settled within 30 days & I appreciate it a lot.

Nisha Mary

I bought my health policy from PolicyX, and so far, it's been a very pleasant experience with the team. I really appreciate the help for renewing my health policy. I look forward to continuing my relationship with PolicyX and recommend it to everyone.

Ajay Shah

PolicyX has been a savior during a medical emergency in my family recently. My wife was admitted in the hospital, and the insurance company declined my claim request. The PolicyX team handled the situation very well and I received the claim right on time.

Vijay Rathod

I purchased a health plan for the very first time and the support by PolicyX is commendable. They helped me with the paperwork, explained the policy details to me with patience and supported me at every step of policy buying. A big thanks to you guys.

Uma Mahajan

How to File a Max Life Term Insurance Plan Claim

The claim settlement process for Max Life Term Plans is simple and hassle-free. The insurance provider gives you the option of settling a claim both online and offline. We have explained the process by which you can easily submit & settle your claim below:

Online Process

Your Occupation
1

Claim Reporting

Report your Max Life Term plan claim by visiting the claim section of the Max Life Insurance website.

Your Occupation
2

Claim Review

Max Life’s customer support staff will review your claim form and will assist you at every step. Their staff will next evaluate your claim and notify you if any papers are still pending.

Your Occupation
3

Claim Approval and Settlement

Your claim will be resolved once you have informed the insurance of your claim and the insurer has received all of the necessary documents.

Offline Process

The Max Life Term plan claim settlement procedure can be reported by visiting the local Max Life Branch Office. For the details of Max Life Insurance branches you can visit their website and locate the nearest branch. You have to submit the essential documents at the branch so that your claim can be processed.

Your Occupation
Life Insurance

More Queries?

If you have any more queries regarding Max Life Term Insurance Plans, Renewals, or Claim Procedures, contact our insurance experts at:
1800-4200-269 now!

MAX Life Term Insurance: FAQs

1. How much coverage do I need for my MAX Life Term Insurance plan?

The thumb rule to calculate your coverage needs is that a term insurance plan needs to be 20 times your annual income. You can also take into consideration your life stage requirements, liabilities, income, age, etc., to come to ideal term insurance coverage.

2. Can optional benefits be purchased after buying a term plan?

Accidental Death Benefit or Life Stage Cover can only be added to the policy while purchasing the policy and not after.

3. Is maturity benefit available in the MAX Life term plan?

Some Max Life Smart Secure Plus term plans come with a maturity benefit.

4. Are there any riders available in term insurance plans provided by MAX Life?

Max Life offers a ‘waiver of premium’ and ‘comprehensive accident benefit’ rider in their term insurance plans.

5. Is Max Life a good company to buy insurance from?

One of the top insurance providers in India, Max Life Insurance Company has a high claim settlement ratio of 99.51% and a solvency ratio of 2.4% It has 269 branches and excellent pan-India connectivity.

6. What are the benefits of Max Life Insurance?

High life cover at affordable premiums. Protection of your loved ones from unforeseen circumstances. Protection from illnesses. Long-term coverage. Disability benefits.

7. Does my smoking habit affect my insurance premium rate?

Yes, the premium rates for a person with smoking habits are generally higher than for a non-smoker. This is because they are at a greater risk of developing health-related issues later in life.

8. What is the free look period of Max Life’s term insurance plans?

The free look period is 15 days from the date of receipt of the policy bond.

9. Is Return of Premium applicable for those charged under additional riders?

Any premium amount charged under optional benefits such as Critical Illness benefits, and accident cover riders will not be a part of the benefit (return of premium) upon maturity.

10. What should I do in case I lose the documents required to file a claim at Max Life?

As a first step, an FIR must be lodged. Then you must make sure to inform your insurer to avoid any hassles. One should always maintain duplicate copies of important documents to aid in times of need.

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varun saxena

Written By: Varun Saxena

I am a passionate content writer with over three years of experience in the insurance domain. An avid learner, I always tries stays ahead of the industry's trends, ensuring my writing remains fresh and includes the latest insurance shifts. Through my work, I strive to engage with targeted insurance readers.