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Max Life Riders

Max Life Term Plus Rider

Get additional death benefit to enhance life protection; so your family is financially secure after you

Additional Death Benefit

Payable along with the base plan benefit(s)

Minimum Rider Sum Assured

Rs. 50,000

Minimum Premium

Rs. 91 per annum for age at entry of 18 years

Premium Payment Term

Equal to the Rider Term, that is equal to the outstanding Premium Payment Term of the base policy

Features and Benefits

This Rider is offered and underwritten by Max Life Insurance Co. Ltd. Life Insurance coverage is available in this Rider. The Life Insurance contract is between the Proposer and Max Life Insurance Co. Ltd.

OVERVIEW

You have purchased a life insurance policy to ensure long term savings and protection for you and your family. However, life is full of uncertainties. Max Life Insurance offers you a solution to make your protection planning more comprehensive. You can add Max Life Term Plus Rider to your life insurance policy (base plan) to provide additional protection against an unfortunate incident. This rider provides additional death benefit in case of your death. The benefits under this rider are payable along with the base plan benefit(s).

No maturity or survival benefit is payable under this Rider

No surrender benefit is available under this Rider. The Rider cannot be surrendered; however it can be cancelled on request of the Policyholder

On death of the Life Insured, provided the Rider is in force, Guaranteed Death Benefit shall be paid as lump sum along with base policy Death Benefit(s).

Guaranteed Death Benefit is defined as higher of:

  • 10 times the Annualised Premium for Rider,
  • 105% of all premiums paid for the Rider as on the date of death,
  • Rider Sum Assured

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