Will I Get My Premium Back At The End Of Policy Period?

Yes, there are life insurance plans which are designed in such a way that the premium paid by the policyholder can be returned after the maturity of the policy period. In case of death of the policyholder during the policy period the claim would be settled and the policy will lapse automatically. In case of the maturity the maturity amount will be paid to the policyholder, the maturity amount would be the premiums paid by the policyholder during the policy period. No premiums paid during the policy period will be refunded in case of pure term insurance plans.

How to Download Max Life Insurance Premium Receipt Online?

  • Step 1: Open Google and Search for the “Max Life Insurance Customer Services” portal.
  • Step 2: Click on Download Premium Receipt and then Log in to your account by using your policy number or client ID and date of birth.
  • Step 3: Then click on the “Submit” button to request OTP.  Enter the OTP received to your registered mobile number and email.
  • Step 4: Once logged in to your account, select premium receipts and year and then click on generate.
  • Step 5: You can download your Max Life Insurance Premium Payment Receipt by selecting your policy or you can send it to your registered mobile number.

Also read to know more about Max Life Insurance: Premium Receipts, Surrender Value, Auto Pay

How Much Premium for 20 Crore Term Insurance Policy?

Term insurance plans are affordable and provide high coverage at a low cost. 20 Crore term Insurance is a term life insurance policy that offers a sum assured of Rs. 20 Crore. In case of an unexpected death of the life assured during the policy term, a death benefit will be provided to the nominee mentioned under the term insurance policy. For a 30-year-old non-smoker, the annual premium for a 20 crore term insurance policy might range from approximately Rs. 1,20,000* to Rs. 1,50,000*.

How Much Premium for 15 Crore Term Insurance Policy?

Term insurance plans are affordable and provide high coverage at a low cost. 15 Crore term Insurance is a term life insurance policy that offers a sum assured of Rs. 15 Crore. In case of an unexpected death of the life assured during the policy term, a death benefit will be provided to the nominee mentioned under the term insurance policy. For a 30-year-old non-smoker, the annual premium for a 15 crore term insurance policy might range from approximately Rs. 1,00,000* to Rs. 1,15,000*.

How Much Premium for 10 Crore Term Insurance Policy?

Term insurance plans are affordable and provide high coverage at a low cost. 10 Crore term Insurance is a term life insurance policy that offers a sum assured of Rs. 10 Crore. In case of an unexpected death of the life assured during the policy term, a death benefit will be provided to the nominee mentioned under the term insurance policy. For a 30-year-old non-smoker, the annual premium for a 10 crore term insurance policy might range from approximately Rs. 75,000* to Rs. 85,000*.

How Much Premium for 7 Crore Term Insurance Policy?

Term insurance plans are affordable and provide high coverage at a low cost. 7 Crore term Insurance is a term life insurance policy that offers a sum assured of Rs. 7 Crore. In case of an unexpected death of the life assured during the policy term, a death benefit will be provided to the nominee mentioned under the term insurance policy. For a 30-year-old non-smoker, the annual premium for a 7 crore term insurance policy might range from approximately Rs. 40,000* to Rs. 60,000*.

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