Max Life Premium Return Protection
- Return of Premium Plan
- Flexible-Premium Payment Term
- 1 Crore Max Sum Assured
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 a limited premium-paying term of 11 years making it a smart choice for securing a family's future. The policyholder has the flexibility to choose a protection period (20/25/30 Years). The policy offers coverage of a maximum of 1 crore.
Max Life Premium Return Protection Plan offers you a range of benefits including:
Minimum Age - 21 years Maximum Age - 55 years
Maximum Maturity Age - 75 years
Minimum term - 20 years Maximum term - 30 years
Base sum assured: 50 lakhs to no limit
The policy loan is not available under Max Life Premium Return Protection Plan.
Annual, half-yearly, quarterly & monthly
Let's understand how the Max Life Premium Return Protection Plan works with a simple premium illustration.
Mr. Verma is looking for a term plan that returns his premiums in case he survives the policy tenure.
His financial advisor advised him to buy the Max Life Premium Return Protection Plan. He visited PolicyX.com
Let's understand how the Max Life Premium Return Protection Plan 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 30,500 | 30 years | 11 years | Rs 3,35,500 | Rs 25 lakhs |
Key Takeaways: In case of Mr. Verma's demise during the policy tenure, Rs 25 lakhs will be paid to their nominee.
Here are the benefits associated with the Max Life Premium Return Protection
Here is the list of exclusions associated with the plan:
Max Life Term ROP plan is a simple pure-term insurance plan with a maturity benefit. The plan offers long-term protection with a policy period extended up to 30 years. The plan offers a limited premium payment term of 11 years, death benefit, and survival benefit.
If you want to know more about the Max Life Premium Return Protection Plan, you can contact our insurance experts at PolicyX.com. Our experts listen to your unique needs and suggest the best possible solution for you. Visit PolicyX.com today!
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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.
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