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By Banking Channel
Protect your family with a life insurance cover that grows with your needs
Minimum: 10 years
Maximum: 35 years
Secure your family’s future with an affordable and comprehensive insurance cover
Sum Assured increases by 5% every year of the Policy Term without any increase in the Premium
Nominee can choose between 100% lump-sum or 50% lump sum + 50% monthly income
Features and Benefits
Plan at a Glance
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.
In an increasingly uncertain world, it is your top priority to ensure that your family continues to enjoy financial security and a comfortable lifestyle even in your absence. Life Insurance can help ease your worries. It ensures that your loved ones are adequately provided for and that their financial well being is taken care of, if you are not around.
Max Life Super Term Plan is a pure protection life insurance plan that helps you meet your need of financial security for your loved ones at a reasonable cost. It guarantees the financial protection of your loved ones in your absence.
This Plan offers a unique Sum Assured option, where the Sum Assured increases by 5% every year at simple rate till the end of the Policy Term without any increase in the Premium. This helps your Life Insurance Plan cope with the rising inflation and in line with your upgrading life style
On death of the Life Insured, the nominee can choose the Settlement Option:
Choose Policy Terms from a minimum of 10 years to maximum of 35 years
This Plan offers comprehensive insurance cover at affordable rates to take care of your loved ones in case you are not around
No Maturity Benefit is payable under the plan
Payable on Death of the Life Insured during the Policy Term provided the Policy is in-force or the Reduced Insurance Cover is active. On the Death of the Life Insured anytime during the term of the Policy, the Company will pay the Guaranteed Death Benefit under the Plan.
Guaranteed Death Benefit is defined as higher of:
Annualised Premium is defined as Premium inclusive of Extra Premium (if any) but exclusive of Service Tax, Education Cess and any loadings for Modal Premiums and remains same irrespective of the Premium Payment Mode
For more details, please refer to the detailed product brochure available at www.maxlifeinsurance.com
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