Buy Online Term Plans From Max Life Insurance

Insurance has grown out to be a prime requisite among the Indian audiences. We have no idea about what will happen in the coming future and this is the reason why you need to be well prepared. The best insurance options that we nowadays have are the term insurance plans.                                           

Among several insurance providers, we have Max Life Insurance Company Limited that falls among the top four life insurers in India with a market share of 10.30%. The company falls among the fastest growing life insurance provider that offers a Gross Written Premium of about Rs.7279 crores. Moreover, the shareholder’s profit is of Rs.436 crores after taxation.

What are Term Insurance Plans?

In case of an untimely death of a person the policyholder, there needs to be someone who takes care of their family. In these situations, Term insurance plans become an indispensable need for the users. These are the situations where Term insurance plans can only suffice the need of the entire family.

Term plans assure to render the person nominated an assured benefit picked up while taking the policyholder pre-deceases the policy term. Further, the best thing about this plan is that the premium of the policyholder is quite low as the policyholder only gets the death benefit. As it is a pure term plan this plan does not offer any maturity benefit.

Max Life Term Plan

The company offers several term plans and every Term plan offered by Max Life promises striking benefits at extremely competitive rates. We will now discuss some of the major benefits offered by Max Life.

Max Life Online Term Plan Basic Life Cover

The policyholders can purchase this policy online and this is a hassle-free process. The nominee receives a death benefit if the insured person passes away within the policy tenure. The death benefit is equal to the sum assured that was decided at the time of inception of the policy.

Max Life Online Term Plan Life Cover plus Monthly Income

This one is an online Term Plan offered by Max Life and this promises regular income every month after the death of the policyholder. It is an online Max Life term plan which can be purchased online. The benefits of these plans are that it is offered in very low premiums plus you do not have to go through the pain of unnecessary paperwork.

Eligibility Criteria:

	Minimum	Maximum
Age of taking the policy	18 years	60 years
Maturity Age	-	70 years
Policy Tenure	10 years	35 years
Assured Sum	Rs.25 lakhs	Rs.100 crores
Premium Payment Tenure	Equal to the term of the policy
Premium Payment Mode	Yearly

Max Life Super Term Plan

Max Life term plan offers the Features of increasing Sum Assured along with a dual option to avail death benefit. The most noteworthy feature of this plan is that the sum assured increases at a rate of 5%. This growth is applicable till the end of the complete tenure of the plan. 

Eligibility Criteria:

	Minimum	Maximum
Age of taking the policy	18 years	65 years
Maturity Age	-	75 years
Policy Tenure	10 years	35 years
Assured Sum	Rs.25 lakhs	No limit
Premium Amount	Rs.5000	Based on coverage
Premium Payment Tenure	Equal to the policy term
Premium Payment Mode	Yearly/half-yearly/quarterly/ monthly.