Max life Insurance plans

Max Life Smart Secure Plus Insurance

The Smart Secure Plus Plan is intended to satisfy your monetary security necessities and offer a trustworthy help framework if there should arise an occurrence of crises. Max Life Smart Secure Plus Plan offers two demise advantage . You additionally get inbuilt advantages, for example, cover for terminal disease and an exceptional exit value.

Max Life Term Life Insurance Review

Max Life Term Life Insurance
Distribution - Number of branches pan India (March 2019)
269
Entry Age Minimum/Maximum (Years)
18 / 60
Sum Assured Minimum / Maximum
10 lacs / Unlimited
Policy Term Minimum / Maximum (Years)
10 / 50
Solvency Ratio (FY 2018-19) *
2.42
Number of Policies Sold (Ind+Group) **
527,601
Number of Lives Covered (Ind+Group) **
6,438,358
Claims Settlement Ratio (Ind+Group) ***
99.22%
* - As per IRDAI data 2018-19 - The solvency ratio of an insurance company is the size of its capital relative to all the risk it has taken, which is all liabilities subtracted from total assets. In other words, solvency is a measurement of how much the company has in assets versus how much it owes.
** - as per L-25 Public Disclosure of Insurance Companies for 2019-20   |   *** - Claims Settlement Ratio = Claims Settled in the year / Claims Reported in the year - as per IRDAI data published

Max life Smart Secure Plus Insurance Overview

  • Eligibility
  • Benefit Descriptions

Eligibility criteria of Smart Secure Plus Insurance

  Minimum Maximum
Entry Age 18 years Regular Pay - 65 years
Pay till 60 - 44 years
Maximum maturity Age 85 years
Sum Assured Rs. 25,00,000 Rs. 100 crores
Policy Term Base Cover: Minimum Policy Term 10 Years and Maximum Policy Term 67 Years
Accelerated Critical Illness (ACI) Option: Minimum Policy Term 10 Years and Maximum Policy Term 50 Years
Accident Cover Option: Minimum Policy Term 5 Years and Maximum Policy Term 67 Years
Premium Payment Term Same as policy term
Payment modes Yearly, Half-yearly, Quarterly and Monthly

Benefit descriptions of Smart Secure Plus Insurance

Death Benfit The Death Benefit under Max Life Smart Secure Plus is higher of You can build up a solid monetary emotionally supportive network for your friends and family with the Life Cover or Increasing Life Cover alternative offered by Maxlife brilliant secure in addition to design. This arrangement permits you to look over variations and guarantee that the aggregate guaranteed is satisfactory in any event, for the coming years. With the choices for customization accessible, you can consider every contingency and keep your family secure and monetarily stable during testing times. Since the essential goal of any term plan is to cover the protected person's life and monetary liabilities, it is pivotal to painstakingly pick the existence cover choice. Ensure you map your monetary necessities of things to come well and select the existence cover choice that lines up with your targets fittingly.
Terminal Illness Cover As a feature of the this term protection plan benefits, your monetary requirements will be dealt with on the off chance that you are determined to have a terminal ailment. In such a situation, 100 % of the ensured passing advantage (covered at 1 crore) will be paid to you upon confirmation by a clinical expert.
Maturity Benefit Assume you select the arrival of premium variation with savvy secure in addition to design at the hour of procurement. Around there, it qualifies you for get a development advantage after enduring the strategy term. With this alternative accessible, you can get the complete premium sum paid toward the finish of the arrangement term.
Accident Cover Under this advantage, the safeguarded's family gets the cover sum , alongside the base cover, if there should arise an occurrence of the guaranteed person's death because of a mishap. You can add this cover to your term plan (Max life savvy secure in addition to design ) whenever during the superior installment term, subject to the conditions for the mishap cover. Accelerated Critical Illness With the Accelerated Critical Illness (ACI) advantage you are qualified to get the cover endless supply of any of the 40 determined basic ailments, given the arrangement is in-power and meets different terms and conditions.

Brochure

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Policy Prospectus

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CIN: U66000KA2018PTC117713 | IRDAI Web aggregator License Code Number: IRDAI / INT / WBA /53/ 2018, Valid till 07/08/2025