Max Life Insurance Company

Term insurance plan:

If you are looking to secure financial protection for your family in your absence, you can opt for term insurance plans. Term plans are protection-oriented policies that provide financial security in the case of premature death. The premiums are low so that you can afford a high coverage for optimal protection. Moreover, term plans allow various types of customization benefits that enable you to avail of all-round protection.

Max Life offers the following type of term insurance plan for its customers which has a comprehensive scope of coverage –

Max Life Smart Secure Plus Plan

This is a flexible term insurance plan that allows customization through a range of optional coverage benefits. You can choose the required coverage benefits to build a plan that matches your needs. The salient features of the plan are as follows –

• You can avail of coverage for up to 85 years of age
• You can include your spouse under the joint-life coverage option
• You can avail of additional coverage against critical illnesses and accidental death by paying an additional premium
• You can also choose the return of premium option to get your premiums refunded on maturity
• There is an option to discontinue the premium for a specific time without affecting the coverage of the policy
• Optional riders help in enhancing the coverage
• You can top-up your sum assured if you want to enhance the coverage

Endowment plans:

Endowment plans are traditional policies aimed at creating a savings corpus during the policy tenure. You can choose from participating or non-participating endowment plans. While the former gives bonuses, the latter does not. Endowment plans also provide insurance coverage and pay a death benefit in case of death during the policy tenure. Alternatively, on maturity, a maturity benefit is paid which is guaranteed.

Money-back plans

Under money-back plans too you can create a guaranteed saving corpus during the policy tenure and get a death benefit on premature death. However, while endowment plans pay a lump sum benefit on maturity, money back plans pay the sum assured in installments during the policy tenure.

Unit Linked plans

Unit-linked plans are market-linked. Your premium is invested in the capital market so that you can earn attractive returns. There are professionally managed fund options to choose from as per your risk appetite. You also get the facility of partial withdrawals, switching, top-up, etc. making the policy flexible.

Pension plans:

Pension plans are designed to help you plan a worry-free retirement. You can either choose a deferred pension plan to build up a retirement corpus or an immediate annuity plan to get regular and lifelong pensions. You can choose a suitable policy as per your needs and requirements.

Health insurance plans:

Health insurance plans cover specific illnesses and provide financial assistance in medical emergencies. You get a lump sum benefit if you suffer from a medical emergency that is covered under the plan. Max Life offers comprehensive health insurance plans to cover your medical needs.