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Life Insurance

Max Life Online Term Plan Plus

(UIN: 104N092V02)

Non-linked non-participating term insurance plan for comprehensive protection for you and your loved ones

Choice of 3 death benefit variants

Accelerated critical illnesses benefit for 40 enlisted illnesses

Option to enhance cover at various life stages

Limited payment term option - pay till age 60 years

Features and Benefits

Are you eligible:

Minimum / Maximum Age at Entry (age last birthday) Minimum Age:- 18 years
Maximum Age:-
Regular Pay:- 60 years / Pay till 60 – 50 years
Maximum Maturity Age
(Age Last Birthday)
75 years
Premium Payment Term There are two premium payment variants available –
1. Regular Pay - The premium payment term will be the same as the policy term
2. Pay till 60 – The premium payment term will be equal to (60 less Entry Age (Age last birthday)), subject to minimum premium payment term of 10 years and entry age being less than or equal to 50 years. For this variant, the premium payment term will always be less than policy term. You will have the option to select the premium payment term only at policy inception and once selected, the option cannot be changed.
Policy Term Base Plan:-
Pick a Term from 10 to 40 years (in interval of 1 year), subject to Maximum Maturity Age
Critical Illness:-
Pick a Term from 10 to 40 years. However if you have selected “Pay till 60 option” the policy term for CI benefit will be restricted till the Premium payment term only.
Sum Assured
  • Minimum: Rs. 25 Lakhs,
  • Maximum: Rs. 100 crores
  • The sum assured is available in multiples of Rs 1 Lakh only and shall remain same for the entire policy term, subject to board approved underwriting policy.
Maximum Expiry Age 75 years
(age as at last birthday)
Premium Payment Modes Annual, Semi – Annual, quarterly & monthly premium payment modes.
The premium payment mode can be changed during the premium payment term.

About Premium Payment Mode -

Premium Payment Mode: Annual, Semi-Annual, Quarterly and Monthly Mode

Minimum Annual Premium: Rs. 2,200 (For Regular Pay variant, Age 18 years, Policy Term 10 years, Female, Sum Assured Variant, Non Smoker) excluding extra premium, modal extra, taxes and cesses as as imposed by the Government from time to time; annual mode). Please note that taxes and cesses are collected over and above the policy premium.

Maximum Annual Premium:

Rs. 1,26,24,600 (For Pay till 60 variant, Age 50 years, Policy Term 25 years, Male, Sum Assured + Increasing Monthly Iincome Variant, Smoker, Critical Illness cover of Rs. 50 Lakhs, excluding extra premium, modal extra, taxes and cesses as imposed by the Government from time to time; annual mode).

Please note that taxes and cesses are collected over and above the policy premium.

Max Life Comprehensive Accidental Death Benefit Rider (UIN -104B025V02): Life is full of uncertainties. You do not want an accident to make a dent in your plans. We at Max Life Insurance understand this, which is why, we offer you Max Life Comprehensive Accidental Death Benefit Rider.

You can add Max Life Comprehensive Accidental Death Benefit Rider to your policy to provide additional protection against an unfortunate accident. The rider provides additional protection benefit in case you meet with an accident, leading to an unfortunate dismemberment (listed impairments) or death. The benefits under this rider are payable over and above the base plan benefits.

Max Life Waiver of Premium Plus Rider – A Non-Linked Rider (UIN: 104B029V02) You are planning for your family's financial future and have made the right choice by purchasing a life insurance policy that ensures long-term financial protection for your family. While you have taken the first important step, it is critical that the policy is continued for its entire term, in order to enjoy the policy benefits. However, in case of any unfortunate event, how can you ensure that the policy is continued and you and your family continue to avail its benefits as promised? We at Max Life Insurance understand this and which is why we offer you a rider to make your financial planning comprehensive.

You can add Max Life Waiver of Premium Plus Rider to your life insurance policy and get waiver of all future premiums in case of Death, Disease or Dismemberment. The benefits under this rider are payable over and above the base plan benefits.

For further details, please refer to the Max Life Waiver of Premium Plus Rider Brochure, Rider Contract, Rider Rates & Rider Leaftet

Life Insurance Coverage Is Available In This Product. This Life Insurance Product Is Offered and Underwritten By Max Life Insurance Co. Ltd. The Life Insurance contract is between the Proposer and Max Life Insurance Co. Ltd.


Max Life Insurance Company Limited is a Joint Venture between Max Financial Services Limited and Mitsui Sumitomo Insurance Co. Ltd.. Max Life Insurance Co. Ltd., 11th Floor, DLF Square Building, Jacaranda Marg, DLF City Phase II, Gurugram - 122002 (Haryana). IRDAI Registration No. – 104. Trade logos displayed belong to Max Financial Services Ltd. and Mitsui Sumitomo Insurance Co. Ltd. under a license. For more details on the risk factors, Terms and Conditions, please read the sales brochure carefully before concluding a sale. You may be entitled to certain applicable tax benefits on your premiums and policy benefits. Please note all the tax benefits are subject to tax laws prevailing at the time of payment of premium or receipt of benefits by you. Tax benefits are subject to changes in tax laws. Insurance is the subject matter of solicitation. For further details, call Toll free number 1800 200 4006.


Axis Bank Limited is the Corporate Agent of Max Life Insurance Co. Ltd. Axis Bank Limited, Bombay Dyeing Mills Compound, Pandurang Budhkar Marg, Worli, Mumbai – 400025. IRDAI Certificate Regn No: CA0069 The purchase of a Max Life Insurance product by Axis Bank's customer is purely on a voluntary basis. As Axis Bank is not in the business of insurance, there is no link either direct or indirect between the banking services offered by the bank to its customers and use of the insurance products.

ARN No Max Life/Axis/Web Content/OTP+/ November 2017

BEWARE OF SPURIOUS PHONE CALLS AND FICTITIOUS/FRAUDULENT OFFERS

IRDAI clarifies to public that

  • IRDAI or its officials do not involve in activities like sale of any kind of insurance or financial products nor invest premiums
  • IRDAI does not announce any bonus
  • Public receiving such phone calls are requested to lodge a police complaint along with details of phone call, number.

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