Max Life Online Term Plus
  • 3D Benefit
  • Life Cover Upto Age 85
  • 40 Critical Illness Covered
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Max Life Online Term Plus

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 agent; therefore, the premiums are lower and the terms and conditions are transparent.

 Max Life Online Term Plan Plus offers you a range of benefits including:

why-choose
  • Higher coverage at lower premiums.
  • Terminal illness cover.
  • Tax benefits.
  • Coverage for 40 critical illnesses.
  • 2 riders to add to your plan.
  • Life stage benefit.

Eligibility Criteria for Max Life Online Term Plus

Your Occupation

Entry age

Minimum Age - 18 years Maximum Age - 60 years

Mukhyamantri Amrutam Yojana

Maturity age

Maximum Maturity Age - 85 years

Your Gender

Policy term

Minimum term - 10 years Maximum term - 50 years

Maternity Benefit Rider

Sum assured

Base sum assured: Rs 25 lakhs to no limit.

Dr YSR Aarogyasri Trust

Policy loan

The policy loan is not available under Online Term Plan Plus

Maternity Benefit Rider

Payment modes

Annual, half-yearly, quarterly & monthly

How Does Max Life Online Term Plan Plus Work?

Let's understand how Max Life Online Term Plan Plus works with a simple premium illustration.

Why Buy Term Insurance Online?

Problem

Mr. Piyush Verma is looking for a term plan that he can buy online, covers him for critical and terminal illnesses. He also wants rewards for healthy living from his term plan. 

Solution

His financial advisor advised him to buy the Max Life Online Term Plan Plus from PolicyX.com. 

Let's understand how the Max Life Online Term Plan Plus works for him with a premium illustration table.

Age of policyholder Annual premiums Policy tenure Premium payment term Total premiums paid Sum assured
30 years Rs 16,692 70 years 25 years Rs 4,17,300 Rs 1 crore

Key Takeaways: In case of Mr. Piyush Verma's demise during the policy tenure, Rs 1 crore will be paid to their nominee.

Benefits of Max Life Online Term Plus

Here are the benefits associated with the Max Life Online Term Plus

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

Riders Associated with Max Life Online Term Plus Plan

You can add the following riders to your Max Life Smart Secure Plus Plan:

Max Life Waiver of Premium Plus Rider

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 critical illness.

 

Max Life Critical Illness and Disability Rider

In case the policyholder is diagnosed with any of the 64 critical illnesses mentioned in the brochure then rider benefits are paid to them.

Exclusions of Max Life Online Term Plan Plus

Here is the list of exclusions associated with the plan:

  • The policy shall be terminated if the policyholder commits suicide within 12 months from the date of policy inception.
  • Death due to consumption of any intoxicants.
  • Death due to any aviation accident.
  • If the policyholder decides to drop the plan in the middle, they will get no surrender benefit for this plan.

Conclusion

Max Life Term Online Plan Plus is an online plan that offers coverage against 40 critical illnesses and a high sum assured of 100 crores. The policyholder can upgrade the plan coverage at any stage of their life, the insured can pay the premium up to the age of 60 and can enjoy the plan benefits up to the age of 85. 

If you need any more information about Max Life Online Term Plan Plus, you can contact the experts at PolicyX.com. Our insurance experts will suggest you a plan that best suits your unique needs. 

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

Online Term Plan Plus: FAQs

1. Does Max’s term online plan offer coverage against pre-existing diseases?

No, the plan does not offer any pre-existing cover.

2. What is the grace period offered by the plan?

Max Life Online Term Plan offer a 15-day grace period to their policyholders.

3. Does this plan offer any rider benefits?

The plan offers additional coverage under the name of two riders: Accident Benefit Rider and Waiver of Premium Rider.

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Bindiya Sinha

Written By: Bindiya Sinha

Bindiya is a seasoned content writer specializing in keeping readers acquainted with the insurance industry, term insurance developments, and life insurance sector shifts. With an experience of 3 years in insurance, Bindiya ensures that her readers stay well informed with the insurance developments and factually correct information.