Max life insurance policy details online premium

What is life insurance?

A life insurance plan is essentially a contract between an individual (policyholder) and an insurance company (insurer). The policyholder pays the insurance company a fixed amount as premium under the contract. In return, when the policyholder (the life insured) experiences a catastrophic event (a list of such events is available in the policy document) then the insurer will receive a specific amount of money (insured) to help cover all financial expenses. Amount) promises to pay. Max life insurance policy details online premium.

Why should you choose Max Life Term Insurance?

Max life insurance policy details online premium

Max Life online insurance plans

Buying insurance plans has never been as easy as this

1. Max life smart term plan

  • Seven different variants for death benefit payment
  • Single payment, regular payment, payment up to 60 and limited payment options are available for premium payment
  • Freelook 15 day period

2. Max life online savings plan

  • The ULIP online plan offers lower investment charges
  • Convenience to buy at any time and from anywhere
  • Flexibility and freedom to choose policy terms, premium payment term and insured multiples

3. Max life cancer insurance plan

  • Multiple claims for early-stage cancer
  • Even during the detection of late-stage cancer, 100% is paid Increased coverage for each year without claims

What are the benefits of life insurance?

Death benefit

The death benefit is the primary feature of a life insurance plan, and whatever benefit you invest in the plan, the death benefit remains the same. You should ensure that your family has sufficient death benefit cover to take care of household expenses as well as future financial goals.

Investment profit

In general, life insurance plans not only to serve as a financial tool by providing a replacement for income loss, but they also serve as an investment opportunity. During the entire policy term, you can reap significant benefits on your investment. In addition, many life insurance plans are available that provide considerable benefits at the completion of the policy term; Thus these unexpected incomes help you meet your investment goals while protecting your family against loss.

Tax relief

You can use your life insurance policy as a necessary tax-saving tool. When you purchase life insurance, you become eligible to receive comprehensive tax benefits under the Income Tax Act of C. The policy premium paid under the existing income tax laws is eligible for tax deduction under Section 80C of the Income Tax Act, 1961.

Protection from serious diseases

If you are suffering from critical illness then a life insurance plan helps in saving your savings. Max Life Insurance’s life insurance plans provide protection cover against 40 critical illnesses through its Accelerated Critical Illness (CI) benefits, including kidney failure, cancer, heart attack, and stroke. Thus, if the policyholder encounters any of the important health conditions mentioned by the rider, he will receive a lump sum.

What are the types of life insurance plans?

Max life insurance policy details online premium

1. Online Term Plan Plus – Basic Life Cover

A fixed amount (assured amount) is provided to your family under the scheme.

How does it work?

  • Premium you have to pay – Rs 8968
  • The lump-sum amount your family will get – 1 crore rupees
  • Effective cost – Rs 90 per one lakh cover

This term plan is the simplest form of life insurance, which gives you high life coverage with affordable and low premiums. In the event of unfortunate death, your nominee will receive a lump sum equal to 100% of the insured amount chosen by you at the time of purchase of the policy.

Get 360-degree protection with Max Life Online Term Plan Plus with additional coverage through the Complete Accident Death Benefits Clause, Premium plus Clause Exemption and Critical Illness coverage.

2. Basic life coverage + monthly income

Under the scheme, your family is paid a fixed amount (assured amount) as well as a fixed income every month.

How does it work?

  • Premium you have to pay – Rs 11,918
  • Lump-sum amount of 1 crore + Rs. 40,000 monthly for 10 years
  • Effective cost – Rs 81 per one lakh cover

This term plan is essential if you want to make sure that the family left behind does not face a financial burden and maintain their monthly expenses and lifestyle, even in their absence.

Max Life Online Term Plan Plus offers lump-sum payments that will help your family deal with important milestones in life, such as higher education for children, marriage or liability coverage such as home loans, car loans, etc. The monthly payment for the next 10 years, found in In addition to the single payment, will cover your family’s daily expenses such as food, school fees, etc. and ensure that they maintain the same lifestyle as today.

3. Basic Term Life Cover + Increasing Monthly Payment

Under the scheme, your family is paid a fixed amount (fixed amount) as well as a fixed income every month, so as to increase the financial support of your family.

How does it work?

  • Premium you have to pay – Rs 13,216
  • Lump-sum amount of Rs 1 crore + Rs. 40,000 monthly, which will increase by 10% every year
  • Cost-effective- Rs 78 per one lakh cover

This term plan is essential if you want to make sure that the family left behind does not face a financial burden and maintain their monthly expenses and lifestyle, even in their absence.

Max Life Online Term Plan Plus offers lump-sum payments that will help your family deal with important milestones in life, such as higher education for children, marriage or liability coverage such as home loans, car loans, etc. The monthly payment for the next 10 years, found in In addition to the single payment, will cover your family’s daily expenses such as food, school fees, etc. and ensure that they maintain the same lifestyle as today.

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