Provide security to your family through Max Life Protection Plans. Max Life Insurance company has provided three types of Protection plans for the customers. Check the eligibility, benefits for three policies and buy a new Max Life Protection Insurance Plan.
Max Life Protection Plans
Are you Searching for a better plan for you and your family? Then you are at the right place of searching. Here we have provided complete information regarding Max Life Protection Plans. As we know, every family has a sole earner. If anything happened to him/her, our family would disturb economically as well as psychologically. So to avoid all these uncertainties, we need to protect our family financially. For this, Max Life Protection Plans are the best plans.
Every person wants to protect their family. We can’t live happily if anything happens to our loved ones. A regular source income gives some security to our family at present. Then what about the future? Based on the regular source of income one cannot estimate the future. So you need to provide some sort security to your loved ones. For those people, MaxLife Protection Plan provides safeguard with the future of your family. Max Life Insurance Protection Plans provides financial security to the family members so that they can fulfil their dreams.
Max Life Insurance Protection Plan Details
The list of Max Life Insurance Protection Plans & features is provided below. Max Life Insurance provided three types of plans for the customers who want to secure the Life Assured future. These features may help you for the better understanding of the Max Life Protection Plans.
- Cancer Insurance Plan.
- Super Term Plan.
- Premium Return Protection Plan.
Max Life Cancer Insurance Plan Details
Max Life Cancer Insurance Plan is a Non-Linked Non-Participating Insurance Plan. The Features and Benefits of Max Life Cancer Insurance Plan are given here. Once you look at these features, you can easily understand whether this plan suits you or not. So go through the key features, Benefits, and Eligibility Criteria.
Key Features of Max Life Insurance Cancer Plan
- A Comprehensive cancer insurance plan is covering all stages of cancer.
- Lump Sum Payout.
- Waiver of all Future Premiums.
- Income Benefit.
- Indexation of Sum Insured.
- Tax Benefit.
MaxLife Insurance Cancer Insurance Plan Benefits
As every plan offers some benefits, Max Life Cancer Insurance Policy also provides some major benefits under this plan.
Maturity Benefit:
There is no maturity Benefit is available under this plan.
Death Benefit:
There is no Death Benefit is payable under this plan.
Benefits Payable:
- Lump sum benefit.
- Waiver of all future premiums.
- Income Benefit.
Max Life Cancer Plan Eligibility
| Entry Age: |
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| Maximum Maturity Age: | 75 years |
| Policy Term: |
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| Premium Payment Term: | Regular, Premium Payment Term will be equal to Policy Term. |
| Sum Insured: |
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| Premium Payment Mode: | Annual, Semi-annual, Quarterly and Monthly. |
For more information regarding Max Life Protection Plans, refer Max Life Cancer Insurance Plan Broucher.
Max Life Super Term Plan
Max Life Super Term Plan provides financial security to your family even in your absence. It is a pure protection life insurance plan that covers your family’s needs. A policyholder can get an increasing Sum Assured option to manage with the rising inflation.
Features of Max Life Super Term Insurance Plan
- Option to cope up with rising inflation.
- Flexibility to choose the benefit payout.
- Flexibility to choose between policy terms.
- Comprehensive insurance cover at affordable rates.
Max Life Insurance Super Term Plan Benefits
Maturity Benefit:
Under Super Term Plan, Maturity Benefit is not payable.
Death Benefit:
On the death of the policyholder during the policy term, (provided policy is in force or the reduced policy cover is active), the Guaranteed Death Benefit will be paid by the MaxLife Company.
MaxLife Super Term Plan Eligibility
| Entry Age: |
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| Maximum Maturity Age: | 75 years. |
| Policy Term: |
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| Premium Payment Term: | Regular, Premium Payment Term will be equal to Policy Term. |
| Sum Insured: |
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| Premium Payment Mode: | Annual, Semi-annual, Quarterly and Monthly. |
For more information regarding this plan, refer Max Life Super Term Plan Broucher.
Max Life Premium Return Protection Plan
Max Life Premium Return Protection Plan offers protection and also returns all the premiums paid by you at the end of the policy term, on survival. So with this Premium Return Policy, you can also get a comprehensive life cover. Below are the features, benefits and eligibility of Maxlife Premium Return Protection policy.
Features of MaxLife Premium Return Plan
- On survival of the life assured, the plan offers a return of premiums at maturity.
- Also, it offers comprehensive life cover with an inbuilt accidental death benefit.
- Limited Premium Payment tenure for longer-term coverage.
Max Life Insurance Premium Protection Plan Benefits
Maturity Benefit:
On survival of the policyholder till the end of the policy term, the Guaranteed Maturity Sum Assured will be paid at the end of the policy term.
Death Benefit:
On the death of the policyholder during the policy term, a lump sum Death Benefit will be paid to the nominee of the life assured.
Tax Benefit:
You can avail tax benefits on your premiums paid and policy benefits.
Maxlife Premium Return Protection Plan Eligibility
| Entry Age: |
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| Maximum Maturity Age: | 75 years. |
| Policy Term: |
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| Premium Payment Term: | 11 years. |
| Sum Insured: |
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| Premium Payment Mode: | Annual, Semi-annual, Quarterly and Monthly. |
For more information regarding this plan, refer Max Life Premium Return Protection Plan Broucher.
How to Buy Max Life Protection Plan?
From all the above mentioned Max Life Insurance plans, you can buy the required policy at the Max Life Insurance Branch Office or contact the agent of Max Life Life Insurance company. To buy a Max Life Protection Plan, a proposal form/application form is required. Some policies have the facility to buy through online. The documents that may be required to buy Max Life Protection and Term plans are,
- Application form/ Proposal form along with a photo.
- Address Proof.
- Age Proof.
- Medical reports (If required).
Max Life Protection/Term Plan Claiming Process
On the death of the policyholder during the policy term or on maturity, the nominee/policyholder can claim for the benefit. To claim any of the Max Life Term plans, you need to visit the branch office if there is no online facility. Documents that may be required for claiming a Max Life Protection/Term plan are,
- Original Policy Document.
- Proof of title and Death Proof.
- Medical treatment documents before death.
- Age proof.
- Additional documents in case of death occurred due to unnatural or accidental death.
Max Life Insurance Protection Plan Premium Calculator
If you want to calculate the premium or maturity amount or any other, you can make use of the Max Life Protection Plan Premium Calculator. For calculation, the details that you may need to enter are,
- Name of the Policyholder.
- Email Id.
- Mobile Number.
- Age Proof.
- Policy Term and Sum Assured.
Max Life Term Plan – Additional Information
Free Look Period:
If you are not satisfied with the policy terms and conditions, you may cancel the policy within the Free Look Period mentioned by the company. For most of the policies, it will be 15 days.
Grace Period:
If you have not paid the premium within time, the company will provide a grace period to make the policyholder pay the premium within that time. Most of the Max Life Protection policies has the grace period as shown below.
- For premium payment of yearly or half-yearly or quarterly the Grace Period is 30 days.
- Premium payment of monthly mode, 15 days grace period is allowed.
Revival Period:
If you have not paid the due premiums within the grace period, the policy lapses. Then you can revive Max Life Protection Plans within the duration mentioned by the company from the date of first unpaid premium. For most of the Max Life Term policies, the Revival Period will be 2 years.
Surrender Value:
You can surrender the policy at any time during the policy term if you have paid the premiums for the period mentioned by the company. For Max Life Premium Return Protection Plan, this period will be 3 policy years. For other two policies like Cancer Insurance Plan and Super Term Plan, there is no Surrender Benefit.
Taxes:
Taxes (if any) shall be applicable as per the Tax Laws.