Max life Insurance plans

Max Life Term Life Plans

Buy Max Life Term Life Plans

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Max Life Insurance (Max Life) is a renowned private life insurance company, which is a joint venture between Max Financial Services Ltd. and Mitsui Sumitomo Insurance Co. Ltd. While Max Financial Services Ltd. is a part of the eminent Max Group of India, the Mitsui Sumitomo Insurance is a member of MS&AD Insurance Group, one of the world’s leading general insurers.

Key features

  • Plan provides comprehensive coverage for simple insurance plans.
  • Provides affordable premium for all plans.
  • In case of death of the life insured, the sum insured is paid in lump sump to the nominee
  • Tax benefits

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 Term insurance products

Max Life Online Term Plan Plus is a Non-Linked Non Participating Term Insurance Product comprehensive protection solution for the insured’s loved ones at an affordable price in the unfortunate event of his/her demise.
Smart Term Plan from is a customizable term plan that offers comprehensive protection against critical illness, disability, and death and that fits and protects all your evolving needs.
A Non Linked Non Participating Term Insurance Plan, this is a pure protection life insurance plan that helps meet your need of financial security for the insured’s loved ones at a reasonable cost due to the unfortunate demise of the insured.
This plan which offers the insured protection and also returns all your premiums paid at the end of the term, on survival.
This plan which offers the insured protection and also returns all your premiums paid at the end of the term, on survival.
This Term plan is the simplest form of life insurance, which gives you a high life cover at affordable and low premiums.
This plan which offers the insured protection and also returns all your premiums paid at the end of the term, on survival.

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