Max life Online Term Plan Insurance

Benefits of Max Life Online Term Plan Insurance

• Limited Pay Option
  You can choose to pay your premiums only for 10 years or your working years (age 60) till your retirement, while you will be covered till 85 years
• Death Benefit
  In case of death of the life insured, the nominee will receive a lumpsum payout that was chosen by the policyholder, which is 100% of Sum Assured.
• Maturity Benefit
  Max Life Online Term Plan Plus is a pure term plan that provides only death benefit in case of unfortunate death of the life insured, provided the policy is in force. There is no maturity benefit or surrender benefit under the plan.
• Tax Benefit
  As per the prevailing tax laws, the premium paid is eligible for tax exemption under section 80 C as per the Income Tax Act 1961. Death benefits received by the policyholder’s nominee are also tax free.