Smart Secure Plus Plan

Max Life Insurance

Claim settlement ratio – 99.34%

Critical Illness Benefit Available

Tax Benefit Amount As per prevailing tax laws

Accidental Death Benefit 100%

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Overview of Max Life Smart Secure Plus

Max Life Smart Secure Plus Plan is a non-Linked and Non-Participating Individual Pure Risk Premium Life Insurance Plan. The plan is designed specifically to fulfil the financial requirements of individuals along with offering them a reliable support system to face contingencies. The option of terminal illness cover and an exit value benefit are added advantages of the Max Life Smart Secure Plus plan.

USP features of Max Life Smart Secure Plus

  • One of the features of Max Life Smart Secure Plus plan is the return of premium options. Under this plan, the insured can receive back 100% of the total premiums paid if he/she outlives the policy term
  • Another unique feature of the Max Life Smart Secure Plus policy is the premium break option. Here the insured can take a break from paying the premium after 10 years of policy duration. This option can be used twice during the term of premium payment
  • The policy also allows the insured to avail a one-time exit option with the return of premium benefit
  • Voluntary Sum Assured Top-Up is another feature of this smart secure plus plan. Insured with SI equal to or greater than INR 50 lakh can enhance the sum assured of their policy
  • In addition, the Max Life Waiver of Premium Plus Rider is another option that can be availed in case of critical illness of the life assured

What’s not covered under Max Life Smart Secure Plus?

  • The plan excludes critical illness coverage for any pre-existing conditions or diseases that are diagnosed within 48 months of the date of policy issue
  • The plan also excludes treatment of a critical illness if it is caused due to self-inflicted injury or suicide attempt, or due to participation in illegal or criminal activities etc.
  • Further, any conditions or illness caused due to the use of intoxicants, drugs, alcohol etc., are also not covered under the plan
  • Permanent exclusion is also there for conditions caused due to pandemics, nuclear accident and organ replacement etc.
Frequently asked questions

Single or regular pay can be used to make the premium payment under this plan. Further, the insured can choose to pay through limited pay as specified under the policy term. The frequency of the premium payment can be yearly, half-yearly, quarterly, or monthly.

The base premium amount paid during a year chosen by the insured as per the policy period and sum assured is called Annualised Premium.

The minimum entry age for the plan is 18 years, while the maximum age limit is 65 years.

Claim Settlement Ratio of the Max Life Insurance plan is 99.34%

The premium break option under the plan allows the insured to opt for a break from paying premiums, while remaining covered. This option can be availed by the insured twice during the duration of premium payment.

* Tax benefits are subject to changes in tax laws.
#All savings are provided by the insurance company as per the IRDAI approved insurance plan. Standard T&C apply.

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