Max Life Insurance Price List in India

Max Life Insurance Company Limited is a Joint Venture between Max Financial Services Limited and Axis Bank Limited. Max Financial Services Ltd. is a part of the Max Group, an Indian multi-business corporation. Max Life offers comprehensive protection and long-term savings life insurance solutions, through its multi-channel distribution including agency and third-party distribution partners. The cost of Max life insurance varies depending on the type of policy that you choose to buy...Read More

max life insurance images

Axis bank and its two subsidiaries – Axis Capital limited and Axis securities limited collectively own a 12.99% stake in Max Life Insurance Company giving the status of co-promoter to Axis Bank in the company. Axis Bank is the leading private sector bank in India after ICICI & HDFC, which is eyeing to increase the share in Max Life insurance company to 20% in a few months. Max Life insurance has been the Bancassurance partner for Axis Bank for a very long time providing life insurance services to Axis customers.

Max Life insurance co ltd has different life insurance products such as pure term insurance, Return of premium insurance, Annuity insurance products, Child plans, Investment plans, Money-Back plans, ULIPs, etc. Max Life insurance has started offering Health insurance plans after the Insurance regulator has given nod for life insurance companies to provide health insurance to their customers.

About Max Life Insurance

Claim Settlement Ratio 99.22%
Inception 2000
Branches 277
Death Benefit Paid For 15342 Policies
Assets Under Management Rs.68,471 Crores
Solvency Ratio 2.07
Sum Assured 1,087,987 Crores

Benefits of Max Life Insurance

max life insurance benefits

  • Affordable premium: Term insurance is one of the most affordable life insurance covers available in the Indian insurance market. The term insurance plans don’t have any investment component which thereby reduces the premium to be paid for availing the life coverage. Term life insurance plans from Max are the cheapest in the market with high life coverage.
  • Easy Policy issuance: The policy issuance process in Max Life Insurance Company is very smooth and the policy would be issued within the least possible time, within 1 day in some cases. Max life has robust systems in place and is upgrading continuously to provide seamless service to its customers.
  • Tax Benefits: Term insurance policies provide certain tax benefits under section 80C of the income tax act, 1961. The premiums paid towards term insurance premiums are eligible for a tax deduction. Additionally, any amount received through the policy maturity, surrender, or on the death of the life assured is tax-exempt under Section 10 (10D) of the Income Tax Act, subject to provisions stated therein.
  • Financial Security: Max Life Insurance products help the insured to provide financial security to their family and safeguard them against any type of eventualities.
  • Online Availability: Max life offers life insurance plans online along with their 277 offices. Max life insurance online Term plans such as Max Life Smart Term Plan and Max Life Whole Life Super Saving plan are the most famous online term insurance plans which are available at discounted rates when compared to the other term insurance plans from Max Life Insurance. The max life insurance term plan claim settlement ratio is 99.35%.

Why Choose Max Life Insurance?

Max Life Insurance industry has many happy customers based on their claims percentage, sum assured, assets under management, persistency, and solvency ratio. The Max Life Insurance company dedicatedly tries to create a solution to make life insurance plans more affordable, easy, and suitable for all customers at every stage of life. The company is situated at 277 offices all over India and has managed assets of Rs. 90,407 Crores with the percentage of max life insurance claim ratio in the year 2019 to 2020 are 99.22% these make Max Life Insurance popular and trustworthy.

  • Wavelength: Max Life Insurance Company maintains a specific wavelength with their customers featuring several unique insurance plans to the need of the customers.
  • Sum Assured and Solvency Ratio: The Company has transparency with Sum assured of Rs. 1,087,987 Crore, Solvency Ratio of 202%, and persistency of 84.1%.
  • Responsibility: Max life insurance's customer service is good and it has been valued the most by buyers thus providing excellent customer support 24/7 and giving a hassle-free claim settlement process.

Max Life Insurance Plans

max life insurance plans

Max Life Insurance Term Plans

1. Max Life Smart Secure Plus Plan:

The Smart Secure Plus Plan is introduced to fulfill your financial security needs and provide support in case of any emergencies. Max Life Smart Secure Plus Plan offers two death benefits. You also get inbuilt benefits such as cover for terminal illness, joint life cover; premium breaks, additional payout on accidental death these will fulfill your needs.

Benefits:

  • Terminal Illness Cover
  • Accident Cover
  • Death Benefit
  • Maturity Benefit
  • Accelerated Critical Illness
  • Joint Life Benefit

Features and Eligibility:

Parameter Eligibility
Entry Age 18 to 65 years
Maturity Age 85 years
Policy Term 5 to 67 years
Sum Assured Min Rs. 50000/- to No Limit
Policy Payment Term 5, 10, 12, 15, single pay, regular pay
Premium Frequency Mode Yearly, Half-Yearly, Quarterly, Monthly

2. Max Life Smart Term Plan:

Parents think about term life insurance whether this Max Life Smart Term Plan protects a child's future or ensures that they can return their home loan. It is challenging that the financial needs of today’s policy buyers there are a need for insurance products that can fulfill the changing requirements.

Benefits:

  • Choice of 7 Death Benefit Variants:
    • Life Cover
    • Income Protector
    • Income Protector + Inflation Protector
    • Life Cover + Income
    • Life Cover + Increasing Income
    • Increasing Cover
    • Decreasing Cover
  • Enhance Cover with Changing Needs
  • Return of Premium
  • Comprehensive Protection
  • Accelerated Critical Illness Benefit
  • Longer cover duration
  • Choice of premium payment terms

Features and Eligibility:

Parameter Eligibility
Entry Age 18 to 60 years
Maturity Age 85 years
Policy Term 10 to 50 years
Sum Assured No Limit
Policy Payment Term single pay, regular pay, limited pay
Premium Frequency Mode Yearly, Half-Yearly, Quarterly, Monthly

3. Max Life Online Term Plan Plus:

Max Life Online term plan plus is an insurance plan that you can buy over the internet. Not the same as offline term insurance, online term plans allow you to compare, analyze, and select the financial life insurance coverage from the convenience of your own home.

Benefits:

  • Lower Premiums
  • Transparent
  • Time-Saving
  • Easy to understand
  • Quick Comparison

Features and Eligibility:

Parameter Eligibility
Entry Age 18 to 60 years
Maturity Age 85 years
Policy Term 10 to 60 years
Sum Assured No Limit
Policy Payment Term Regular pay
Premium Frequency Mode Yearly, Half-Yearly, Quarterly, Monthly

Max Life insurance ULIPS Plans

1. Max Life Fast Track Super:

Max Life Fast Track Super is a ULIP plan that provides insurance options with a simplistic and safe approach to investing in the market with multiple fund options.

Benefits:

  • Death Benefit
  • Maturity Benefit
  • Tax Benefits
  • Guaranteed Loyalty Additions
  • Life cover options

Features and Eligibility:

Parameter Eligibility
Entry Age 91 days to 60 years
Maturity Age 70 years
Policy Term 10, 20 years
Sum Assured No Limit
Policy Payment Term Regular pay, Single Pay, 5 pay
Premium Frequency Mode Yearly, Half-Yearly, Quarterly, Monthly

2. Max Life Platinum Wealth Plan:

Max Life Insurance is designed to help secure your financial future through perfect returns. This smart wealth plan will help you pursue your dreams and achieve milestones.

Benefits:

  • Comprehensive death benefit
  • Guaranteed Maturity Benefits
  • Guaranteed Wealth Booster
  • Guaranteed Loyalty Additions

Features and Eligibility:

Parameter Eligibility
Entry Age 91 days to 60 years
Maturity Age 70 years
Policy Term 10 to 20 years
Sum Assured Single Pay: 1.25 times Single premium Limited Pay: 5 Years Regular Pay: Higher of (10 times Annualised Premium or 0.5 x Policy Term x Annualized Premium)
Policy Payment Term Regular Pay, Single Pay, Limited Pay
Premium Frequency Mode Yearly, Half-Yearly, Quarterly, Monthly

3. Max Life Online Savings Plan - Variant 1:

Max Life Online Savings Plan variant 1is a Unit Linked Insurance Plan that is your doorway to inexpensive market-linked investments. It is a market-linked product that gives you the dual benefits of insurance & investment.

Benefits:

  • Death benefit
  • Maturity Benefit
  • Tax Benefit

Features and Eligibility:

Parameter Eligibility
Entry Age 18 years to 60 years
Maturity Age 70 years
Sum Assured Min Rs. 3, 60,000 to Max No Limit
Policy Payment Term 5 years to Up to selected Policy Term
Premium Frequency Mode Yearly, Half-Yearly, Quarterly, Monthly

4. Max Life Online Savings Plan - Variant 2:

PNB MetLife Smart Platinum is a unit-linked insurance plan that gives you the flexibility to build your investment portfolio through 6 different funds. Our ULIP plan covers you till 99 years of age with an option to choose a premium term of 5 years, 10 years, or whole life.

Benefits:

  • Death benefit
  • Maturity Benefit
  • Tax Benefit

Features and Eligibility:

Parameter Eligibility
Entry Age 18 years to 54 years
Maturity Age 64 years
Policy Term 5 to 30 years
Sum Assured 10 times the Annualised Premium
Policy Payment Term 5 years to Up to selected Policy Term
Premium Frequency Mode Yearly, Half-Yearly, Quarterly, Monthly

5. Max Life Shiksha Plus Super

Max Life Shiksha Plus Super is a Unit-Linked Non-Participating Individual Life Insurance Plan. It helps you secure a fund for your child's future education and back their dreams.

Benefits:

  • Death Benefit
  • Maturity Benefit
  • Tax Benefits
  • Guaranteed Loyalty Additions

Features and Eligibility:

Parameter Eligibility
Entry Age 21 years to 50 years
Maturity Age 65 years
Policy Term 10 to 25 years
Sum Assured 10 times the Annualised Premium
Policy Payment Term 5 Pay, Regular Pay
Premium Frequency Mode Yearly, Half-Yearly, Quarterly, Monthly

6. Max Life Forever Young Plan

Max Life Forever Young Plan helps you create savings for retirement years while safeguarding you from the ups and downs of the equity market.

Benefits:

  • Death Benefit
  • Vesting Benefit
  • Loyalty Benefit

Features and Eligibility:

Parameter Eligibility
Entry Age 30 years to 65 years
Maturity Age 75 years
Policy Term 20 years
Policy Payment Term Single Pay, Regular Pay
Premium Frequency Mode Yearly, Half-Yearly, Quarterly, Monthly

Max Life insurance Retirement Plans

1. Max Life Saral Pension Plan

Max Life Saral Pension is a Non-linked, Non-participating Single Premium Individual Immediate Annuity plan. It comes with a guaranteed income so that you can fulfill your needs pre and post-retirement.

Benefits:

  • Death Benefit
  • Survival Benefit
  • Tax Benefit

Features and Eligibility:

Parameter Eligibility
Entry Age 40 years to 80 years
Policy Payment Term Single Pay
Premium Frequency Mode Yearly, Half-Yearly, Quarterly, Monthly

2. Max Life Forever Young Pension Plan

Max Life Forever Young Pension Plan helps you create savings for retirement years while safeguarding you from the ups and downs of the equity market.

Benefits:

  • Death Benefit
  • Vesting Benefit
  • Loyalty Benefit

Features and Eligibility:

Parameter Eligibility
Entry Age 30 years to 65 years
Maturity Age 75 years
Policy Term 20 years
Policy Payment Term Single Pay, Regular Pay
Premium Frequency Mode Yearly, Half-Yearly, Quarterly, Monthly

3. Max Life Guaranteed Lifetime Income Plan

Max Life Guaranteed Lifetime Income Plan helps to plan your retirement early.

Benefits:

  • Guaranteed Income
  • Death Benefit
  • Payout Flexibility
  • Multiple Annuity Options

Features and Eligibility:

Parameter Eligibility
Entry Age 30 years to 80 years
Maturity Age 20 years
Policy Payment Term Single Pay
Premium Frequency Mode Yearly, Half-Yearly, Quarterly, Monthly

4. Max Life Perfect Partner Super

Max Life Perfect Partner Super plan is a Non-Linked Participating Individual Life Insurance Savings Plan. It will help you fulfill those future needs and secure your partner’s life even in the case of eventualities.

Benefits:

  • Death Benefit
  • Maturity Benefit

Features and Eligibility:

Parameter Eligibility
Entry Age 91 days to 55 years
Maturity Age 75 Years
Sum Assured Rs. 50,000 to No Limit
Policy Payment Term 7 years, 10 years, 15 years, or 20 years
Premium Frequency Mode Yearly, Half-Yearly, Quarterly, Monthly

Max Life Insurance Online Plans

1. Max Life Online Term Plan Plus:

Max Life Online term plan plus is an insurance plan that you can buy over the internet. Not the same as offline term insurance, online term plans allow you to compare, analyze, and select the financial life insurance coverage from the convenience of your own home.

Benefits:

  • Lower Premiums
  • Transparent
  • Time-Saving
  • Easy to understand
  • Quick Comparison

Features and Eligibility:

Parameter Eligibility
Entry Age 18 to 60 years
Maturity Age 85 years
Policy Term 10 to 60 years
Sum Assured No Limit
Policy Payment Term Regular pay
Premium Frequency Mode Yearly, Half-Yearly, Quarterly, Monthly

2. Max Life Cancer Insurance plan:

Max Life cancer insurance plan is a form of insurance plan that has been designed to help you manage the risks of cancer disease to your health.

Benefits:

  • Cancer Insurance Payout On Diagnosis
  • Waiver of Cancer Insurance Premium
  • Significant Cancer Insurance Cover
  • Tax Benefits
  • Quality Treatment in Renowned Hospitals
  • Increased Sum Insured Per Year
  • Product Benefits

Features and Eligibility:

Parameter Eligibility
Entry Age 25 to 65 years
Maturity Age 75 years
Policy Term 10 to 40 years
Sum Assured Rs. 10 Lakhs to 50 Lakhs
Premium Frequency Mode Yearly, Half-Yearly, Quarterly, Monthly

Max Life Child Life Insurance Plans

1. Max Life Shiksha Plus Super:

Max Life Shiksha Plus Super is a Unit-Linked Non-Participating Individual Life Insurance Plan. It helps you secure a fund for your child's future education and back their dreams.

Benefits:

  • Death Benefit
  • Maturity Benefit
  • Tax Benefits
  • Guaranteed Loyalty Additions

Features and Eligibility:

Parameter Eligibility
Entry Age 21 years to 50 years
Maturity Age 65 years
Policy Term 10 to 25 years
Sum Assured 10 times the Annualised Premium
Policy Payment Term 5 Pay, Regular Pay
Premium Frequency Mode Yearly, Half-Yearly, Quarterly, Monthly

2. Max Life Future Genius Education Plan:

Max Life Future Genius Education Plan has been designed to help parents manage their child’s higher education costs through disciplined savings.

Benefits:

  • Tax Benefits
  • Maturity Benefits
  • Guaranteed Money Back
  • Flexibility to Invest
  • Bonus Options

Features and Eligibility:

Parameter Eligibility
Entry Age 21 years to 45 years
Maturity Age 66 years
Policy Term 13 to 21 years
Policy Payment Term 8 Pay, Limited Pay
Premium Frequency Mode Yearly, Half-Yearly, Quarterly, Monthly

Max Life Health Insurance Plans

1. Max Life Cancer Insurance plan:

Max Life cancer insurance plan is a form of insurance plan that has been designed to help you manage the risks of cancer disease to your health.

Benefits:

  • Cancer Insurance Payout On Diagnosis
  • Waiver of Cancer Insurance Premium
  • Significant Cancer Insurance Cover
  • Tax Benefits
  • Quality Treatment in Renowned Hospitals
  • Increased Sum Insured Per Year
  • Product Benefits

Features and Eligibility:

Parameter Eligibility
Entry Age 25 to 65 years
Maturity Age 75 years
Policy Term 10 to 40 years
Sum Assured Rs. 10 Lakhs to 50 Lakhs
Premium Frequency Mode Yearly, Half-Yearly, Quarterly, Monthly

Max Life Insurance Savings Plans

1. Max Life Savings Advantage Plan:

Max Life Savings Advantage Plan is a Non-Linked Participating Individual Life Insurance Savings Plan. It helps accelerate the growth of savings so that you can build a substantial corpus to support your life goals.

Benefits:

  • Flexibility to Choose Premium Payment Term and Policy Term as Per Your Need
  • Tax Benefits
  • Death Benefit
  • Tax Benefits
  • Maturity Benefit
  • Guaranteed Additions

Features and Eligibility:

Parameter Eligibility
Entry Age 0 to 65 years
Maturity Age 80 years
Policy Term Single Pay: 10 years Limited Pay: 10 to 30 years Regular Pay: 20 to 30 years
Premium Payment Term Single Pay Limited Pay: 5 to 12 years Regular Pay: 20 to 30 years
Premium Frequency Mode Yearly, Half-Yearly, Quarterly, Monthly

2. Max Life Monthly Income Advantage Plan:

Max Life Monthly Income Advantage Plan is a Non-Linked Participating Individual Life Insurance Savings Plan. It helps keep your family financially secure in the wake of life’s uncertainties.

Benefits:

  • Tax Benefits
  • Survival Benefits
  • Death Benefit

Features and Eligibility:

Parameter Eligibility
Entry Age 0 to 55 years
Maturity Age 90 years
Policy Term 10/20/30 years
Premium Payment Term 6 years, 8 years, 10 years, 12 years, or 15 years
Premium Frequency Mode Yearly, Half-Yearly, Quarterly, Monthly

3. Max Life Whole Life Super

Max Life Whole Life Super is a Non-Linked Participating Individual Life Insurance Savings Plan. It provides you a life cover which will keep growing with the addition of the company bonuses & will last till you are 100 years old.

Benefits:

  • Tax Benefits
  • Maturity Benefits
  • Bonus Payout Option
  • Death Benefit
  • Terminal Illness Benefit

Features and Eligibility:

Parameter Eligibility
Entry Age 18 to 60 years
Maturity Age 90 years
Policy Term Up to age 100 years of Life Insured
Premium Payment Term 10, 15, 20 Years
Premium Frequency Mode Yearly, Half-Yearly, Quarterly, Monthly

4. Max Life Assured Wealth Plan:

Max Life Assured Wealth Plan is a Non-Linked Non Participating Individual Life Insurance Savings Plan. It helps you to support your child’s higher education and it will provide guaranteed assurance.

Benefits:

  • Tax Benefits
  • Maturity Benefits
  • Surrender Benefit
  • Death Benefit
  • Reduced Paid-Up (RPU) Benefit

Features and Eligibility:

Parameter Eligibility
Entry Age 0 to 60 years
Policy Term 10, 15, 20 years
Premium Payment Term 5, 8, 10 pay
Premium Frequency Mode Yearly, Monthly

Max Life Insurance Income Plans

1. Max Life Term Plan with Return of Premium:

Max life term plan with return of premium is same as standard term plan. It works as a life cover and provides a death benefit. The main point is the maturity benefit applicable on a term plan with a return of premium.

Benefits:

  • ROP Benefit
  • Death Benefit
  • Tax Benefits

Features and Eligibility:

Parameter Eligibility
Entry Age 0 to 60 years
Premium Payment Term Limited Pay, Single Pay, Regular Pay
Premium Frequency Mode Monthly, Quarterly, Half-Yearly, Yearly
Grace Period 15, 30 Days

2. Max Life Smart Wealth Plan:

Max Life Insurance is designed to help secure your financial future through perfect returns. This smart wealth plan will help you pursue your dreams and achieve milestones.

Riders Available under Smart Wealth Plan are

  • Max Life Waiver of Premium Plus Rider
  • Max Life Accidental Death and Dismemberment Rider
  • Max Life Critical Illness and Disability Rider
  • Max Life Term Plus Rider

Benefits:

  • Financial Security
  • Guaranteed Maturity Benefits
  • Flexibility
  • Guaranteed Additions

Features and Eligibility:

Parameter Eligibility
Entry Age 0 to 60 years
Premium Payment Term Single Pay, Regular Pay
Maturity Age 80 Years
Premium Frequency Mode Monthly, Quarterly, Half-Yearly, Yearly

Max Life Group Insurance Plans

1. Max Life Group Saral Suraksha Plan:

Max Life Group Saral Suraksha Plan is a Non-Linked Non-Participating Group Pure Risk Premium Life Insurance Plan. This plan covers group members and secures their families against any unfortunate events.

Benefits:

  • Risk Coverage
  • Death Benefit

Features and Eligibility:

Parameter Eligibility
Entry Age 18 to 80 years
Premium Payment Term Single Pay, Regular Pay
Maturity Age 81 Years
Premium Frequency Mode Monthly, Quarterly, Half-Yearly, Yearly
Group Size 5 Members to No Limit
Sum Assured Rs.1000 to 2 Lacs

2. Max Life Group Term Life Platinum Assurance:

Max Life Group Term Life Platinum Assurance Plan is a Group term insurance plan that is specially designed to safeguard the financial future of your employees and their dependents against death.

Benefits:

  • Death Benefit
  • Surrender Benefit
  • Add-on Benefit

Features and Eligibility:

Parameter Eligibility
Entry Age 18 to 80 years
Maturity Age 81 Years
Premium Frequency Mode Monthly, Quarterly, Half-Yearly, Yearly
Group Size 10 Members to No Limit
Sum Assured Min Rs.1000 to 2.5 Lacs and Max No limit

3. Max Life Group Credit Life Premier Plan:

Max Life Group Credit Life Premier Plan is a group master insurance policy for borrowers of banks and financial institutions.

Benefits:

  • Death Benefit
  • Surrender Benefit
  • Moratorium Option

Features and Eligibility:

Parameter Eligibility
Entry Age 14 to 75 years
Maturity Age 77 Years
Policy Term 2 to 40 Years
Premium Frequency Mode Monthly, Quarterly, Half-Yearly, Yearly
Group Size 50 Members to No Limit

4. Max Life Group Gratuity Premier Plan

Max Life Group Gratuity Premier Plan is a group insurance plan that provides sufficient funds to fulfill the gratuity needs of its employees at the right time.

Benefits:

  • Death Benefit
  • Maturity Benefit
  • Termination Option
  • Loyalty Additions

Features and Eligibility:

Parameter Eligibility
Entry Age 18 to 74 years
Maturity Age 75 Years
Policy Term 1-year renewal scheme
Premium Frequency Mode Monthly, Quarterly, Half-Yearly, Yearly
Group Size 10 Members to No Limit

5. Max Life Group Super Life Premier in lieu of EDLI:

Max Life Group Super Life Premier in lieu of EDLI Plan is a group insurance plan that helps you offer financial security to employees.

Benefits:

  • Death Benefit
  • Maturity Benefit
  • Tax Benefits
  • Add-on Benefits

Features and Eligibility:

Parameter Eligibility
Entry Age 18 to 74 years
Maturity Age 75 Years
Policy Term 1-year renewal scheme
Premium Frequency Mode Monthly, Quarterly, Half-Yearly, Yearly
Group Size 10 Members to No Limit

6. Max Life Group Super Life Premier:

Max Life Group Super Life Premier plan is a group insurance plan that provides employee benefits and helps you create a safety net for employees and their families.

Benefits:

  • Death Benefit
  • Maturity Benefit
  • Tax Benefits
  • Add-on Benefits

Features and Eligibility:

Parameter Eligibility
Entry Age 18 to 74 years
Maturity Age 75 Years
Policy Term 1 year
Premium Frequency Mode Monthly, Quarterly, Half-Yearly, Yearly
Group Size 10 Members to No Limit
Sum Assured 5000/- per member to No limit

7. Max Life Pradhan Mantri Jeevan Jyoti Bima Yojana:

Max Life Pradhan Mantri Jeevan Jyoti Bima Yojana Plan is a group insurance plan that provides financial protection, with low-cost insurance, you can improve customer retention.

Benefits:

  • Death Benefit
  • Revival Policy
  • Tax Benefits
  • Termination of Risk Coverage

Features and Eligibility:

Parameter Eligibility
Entry Age 18 to 50 years
Maturity Age 55 Years
Policy Term 1 year
Premium Frequency Mode Monthly, Quarterly, Half-Yearly, Yearly
Group Size 50 Members to No Limit
Sum Assured 2 Lacs per member to No limit

8. Max Life Group Credit Life Secure Plan

Max Life Group Credit Life Secure Plan is a group insurance plan that provides cover against the loan in the event of the borrower's death during the period of coverage.

Benefits:

  • Death Benefit
  • Surrender Benefit
  • Co borrower Cover Option

Features and Eligibility:

Parameter Eligibility
Entry Age 15 to 75 years
Maturity Age 77 Years
Policy Term 2 year
Premium Frequency Mode Monthly, Quarterly, Half-Yearly, Yearly
Group Size 50 Members to No Limit
Sum Assured 5000 per member to No limit

How to Buy Max Life Insurance Online at PolicyBachat?

You can buy max life insurance policy easily online at Policybachat

  • Visit the Policybachat Website and select the ‘Life’ tab.
  • Enter your Name, Date of Birth, and Mobile Number.
  • Click on the ‘View Plans’ button.
  • Just Answer 5 Simple Questions.
  • Select your ‘Gender’.
  • Select ‘YES’ or ‘No’ if you have Smoked or Chewed Tobacco in the last 12 months.
  • Select your ‘Annual Income’.
  • Select your ‘Education Qualification’.
  • Choose your ‘Occupation Type’.
  • Enter your ‘Email Address’.
  • Then click on ‘Start Saving Money’.
  • Premium Quotes life insurance plans will be displayed as per data entered by you and which are suits your requirement.
  • You can add riders; edit your sum insured, policy premium frequency, etc.
  • Purchase best life insurance policy using online payment

max life insurance images

Documents Required to Buy Max Life Insurance Policy

  • Age Proof
  • Address Proof
  • Proposal Form
  • Residence proof
  • Any other documents as required by the insurance company

Max Life Insurance Calculator

The online Max life insurance premium calculator tool is used to calculate the premium of the Max life insurance policy. PolicyBachat offers an online tool Premium Calculator to calculate the premium of your insurance plan. You can calculate the amount of premium payable by entering a few details such as mobile number, name, date of birth, email address, occupation, type of policy, sum assured, gender, state, etc.

The premium paid by the customer is depending on many factors. The Factors affecting the premium are the age of the policyholder, type of policy, sum assured required, etc. The premium calculator tool will reflect the estimated premium amount that the policyholder will have to pay for the cover he/she requires based on these factors. Once you provide all the relevant details and then click on the submit tab, you will receive details regarding your monthly premium.

Max Life Insurance Claim Process

Claim Intimation

In case of death of the Insured, nominee of the policyholder can lodge a claim with the insurance company.

Submission of Documents

Provide all the relevant documents to the insurance company.

Claim Settlement

The insurer is required to settle a claim within 30 days of receipt of all the required documents.

List of Life Insurance Companies:

Max Life Insurance FAQs

How to Cancel Max Life Insurance Policy?

Max's life insurance plan can be canceled by the policyholder at any point of time after the policy start date by writing to the insurance company and filling the max life insurance cancellation form. If the policy is to be canceled within the free look period, it can be done without any premium deduction by the insurance company. If the policy is to be canceled after the free look period, a pro-rata premium would be charged by the insurance company from the customer.

How to Pay Max Life Insurance Premium Payment Online?

Max life insurance Calculator is used to calculate the premium of Max Life Insurance. You can pay Max life insurance online payment easily in simple steps. Every insurance company has multiple payment options to pay premiums online using Net Banking, Credit card, Debit card, UPI wallets, and bill pay. So pay max life insurance policy payment as per your convenience. It is a secured digital platform to activate auto-debit for renewal premium payment with a quick registration.

How to Max Life Insurance Policy Download?

If you’re an existing customer of Policybachat, the max life insurance premium receipt download process is simple and easy. To download policy copy online from the website Parivahan or the mParivahan app which is available on the play store. Enter the details of insurance that would be displayed on the app. The policy copy download option can be viewed on the app. Alternatively the Max life insurance policy copy can be checked online from the Max life insurance company website.

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