Max Term Insurance Policy Benefits
Table of Contents
Max Life Insurance is a leading life insurance company in India. Max Life provides a range of life insurance, term insurance, linked, participating & non-participating, health pension, annuity, retirement, child plan, savings, protection, and growth plans to individuals and groups. Max Life Policy is working tirelessly towards making the claim process quick & straightforward for you and your family members. By being transparent and accountable.
Benefits of Buying Max Life Term Insurance
Comprehensive Max Life term insurance plans offering coverage for death, disability, and diseases
1. Useful long term coverage till the age of 85 years
2. Flexibility to increase coverage to cover life stage requirements and needs
3. Easy to understand claim settlement process and high claim settlement ratio of the term insurance plans
4. Return of premium term plan also offers maturity benefit
5. The term insurance plans are economical and do not put a financial burden on the policyholder
6. Tax benefits can be availed on the premium payment of term insurance plans under prevailing income tax laws
Riders Offered With Max Life Term Insurance
Max Life Comprehensive Accident Benefit Rider
Max Life Comprehensive Accident Benefit Rider gives extra financial coverage if the policyholder meets with an unfortunate accident. The rider sum will be paid to the policyholder if the accident leads to dismemberment or death of the policyholder within 180 days of the accident.
Max Life Waiver of Premium Plus Rider
Max Life Waiver of Premium Plus Rider helps you to keep your base term plan active at all times in case of an eventuality like dismemberment, critical illness, or death (if the life insured and policyholder are different). In case any of the unfortunate events mentioned happen, then all the future premiums of the policy will be waived off by the insurance company, and the base term plan will continue to stay active.
Conclusion
Max Life Insurance Company offers good variety and flexibility in its term insurance plans. The company has term insurance plans which can be purchased from online and offline platforms. The term insurance plans offer good coverage at an affordable cost, and with the option of additional riders you get to further enhance the protection of the term insurance plan. The company has a simple claim process and high claim settlement ratio making the term plans a good choice if you want to buy one for yourself.
Also Read: Is Life Insurance Preferable Or ELSS?
