2. Max Life Online Term Plan Plus
- Affordable plan with high sum assured.
- Enhanced coverage with riders like accident benefit and critical illness rider.
- Flexible policy term options from 10 to 50 years.
3. Max Life Super Term Plan
- Increasing sum assured option to combat inflation.
- No medical test required for certain policies.
- Tax-free maturity benefits.
5. Key Features and Benefits
1. High Sum Assured at Low Premiums
- Affordable coverage for individuals aged 18-65 years.
2. Death Benefit Options
- Choose between lump sum, monthly income, or increasing monthly income payouts.
3. Optional Riders
- Accidental Death Benefit: Additional sum assured in case of accidental death.
- Critical Illness Cover: Covers life-threatening diseases.
- Waiver of Premium: Future premiums are waived in case of disability or illness.
4. Tax Benefits
- Premiums paid are tax-deductible under Section 80C.
- Death benefits are tax-free under Section 10(10D).
6. Eligibility Criteria
To purchase Max Life Term Insurance, you must meet the following eligibility criteria:
- Minimum Entry Age: 18 years
- Maximum Entry Age: 65 years
- Policy Term: 10 to 50 years
- Minimum Sum Assured: ₹50 lakh
- Maximum Sum Assured: No upper limit (depends on income)
7. How to Buy Max Life Term Insurance?
Step 1: Compare Plans Online
- Visit Max Life’s official website or use an insurance aggregator.
Step 2: Choose Sum Assured & Policy Term
- Select coverage amount based on income and liabilities.
Step 3: Fill in Personal & Medical Details
- Provide name, age, income, health status, and family history.
Step 4: Select Riders & Payment Option
- Customize your plan with accident, critical illness, or disability riders.
Step 5: Make Payment & Submit Documents
- Pay premium via debit/credit card, UPI, or net banking.
