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Max Life Group Super Life Premier Plan

 4.0 / 5.0   by 517 users
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Plan Benefits

Payment Options

Policy Coverage

Customer Service

Responsiveness

Employees are an integral component to any business in any sector. Retaining employees in the face of growing attrition is a key challenge faced by employers. The Max Life Group Super Life Premier policy ensures that employers are able to recognize their employees’ contributions through service to the company by securing benefits for them.

Key features of Max Life Group Super Life Premier Plan:

Benefits:

Benefits of Max Life Group Super Life Premier Plan is as follows:

In the event of

When and how the benefits are payable

Size of the benefit/policy monie

Death of member.

In the event of an employee's death due to accidental or natural causes, the benefits will be paid in lump sum.

Sum assured chosen.

Survival Benefit

NA

NA

Maturity

NA

Nil

Surrender

Benefits will be payable when the member exits the scheme

The benefit payable is the proportionate premium for the unexpired period of risk.

Eligibility Criteria:

Below are the criteria for eligibility for Max Life Group Super Life Premier Plan:

Criteria Minimum Maximum
Group Size Minimum size of group is 10. 50 members in case of non employer employee groups No Limit
Entry Age Minimum age for entry is 18 years as at last birthday
  • Maximum age of entry is 74 years as at last birthday
  • 64 years is the maximum age at entry for non employer employee groups
Minimum Face Amount Rs.1,00,000 for a scheme and Rs.5,000 for a member. No limit but is subject to underwriting.

Along with these, the other eligibility criteria are:

  • Term of policy: The term of the Max Life Group Super Life Premier Plan is 1 year
  • Event covered: The policy covers the event of Death (accidental or natural).
  • Maximum maturity age: For employer-employee groups,the policy ceases to cover a member upon the policy anniversary following or coinciding with the member attaining 75 years of age.For affinity groups, the cover ceases upon the member attaining 65 years of age.
  • Modes of premium: Premium payment modes are annual, semi-annual, quarterly and monthly.

Riders:

The Max Life Group Super Life Premier in lieu of EDLI offers 4 riders in its policy. They have been listed below:

  1. Max Life Group Accelerated Terminal Illness Rider: This rider covers the event of terminal illnesses. It has a policy term of 1 year with minimum age of entry being 18 years, maximum being 74 years and the policy attains maturity upon insured member attaining 75 years of age. Terminal illness is a condition that an insured member is suffering from which in the opinion of a medical practitioner and approved by the company's appointed medical practitioner is likely to result in death of the insured within 6 months of diagnosis. If an insured member is diagnosed with a terminal illness during the policy term, the payment will be 100% of the death benefits subject to a maximum of RS 50 lac. The minimum sum assured is RS 5000 and maximum sum assured is RS 50 lac. Modes of premium are annual, semi-annual, quarterly and monthly. Maximum premium of this rider shall not exceed 100% of the premium of the base policy when attached to a group plan.

  2. Max Life Group Accidental Death Benefit Premier Rider: This rider with a policy term of 1 year covers events due to death by accident. It has a minimum eligibility age of 18 years to enter and a maximum age of 65 years. The rider will reach maturity when the member attains 66 years of age. It minimum sum assured is RS 5000 and the maximum sum assured is RS 50 lac provided the rider sum assured does not exceed the assured sum of the base policy. There is no minimum premium limit in this rider and the maximum premium limit does not exceed 30% of the premium payable under the base policy.

  3. Max Life Group Total and Permanent Disability (Accident) Premier: This rider with a term policy of 1 year covers the event of total and permanent disability due to accident provided the accident took place during the policy term. The benefit will be paid within 180 days of the date of the accident. The minimum sum assured is RS 5000. The maximum sum assured is RS 50 lacs provided rider sum assured does not exceed sum assured under base plan of the scheme. It has a minimum entry age of 18 years, maximum entry age of 65 years and reaches maturity when member attains 66 years of age. There are 4 modes of premium payment which are annual, semi-annual, quarterly and monthly.

  4. Max Life Group Critical Illness (Additional Benefit) Rider: The rider term is 1 year and covers the event of critical illness. Critical illness will be valid if insured member for the first time in their life is diagnosed with one of the 12 critical illnesses covered by the policy. The benefit will be paid out if insured survives 30 days after date of first diagnosis. It has a minimum entry age of 18 years, maximum entry age being 65 and rider reaching maturity when member attains 66 years of age. It has 4 types of premium payments. They are annual, semi-annual, quarterly and monthly. The minimum sum assured is RS 5000 per member. The maximum sum assured is RS 50 lac provided rider sum assured is lesser than sum assured under base plan of the scheme.

Other Max Life Insurance Group Plans

  • Group Super Life Premier Plan in lieu of EDLI
  • Group Credit Life Secure
  • Other Poular Max Life Insurance Plans

  • Max Life Insurance Child Plans
  • Max Life Insurance Pension Plans
  • Max Life Insurance Investment Plans
  • Max Life Insurance Savings Plans
  • Max Life Insurance Group Plans
  • Max Life Term Insurance Plans
  • GST of 18% is applicable on life insurance effective from the 1st of July, 2017

    Max Life Group Super Life Premier Plan Reviews

    Page 1 of 26 1 2 3 4 5
    • Max Life Insurance
      "Good for tax saving"
      0.5 4.0/5 "Great!"
      AXIS bank suggested Max life its good for the income tax benefits under 80c section, the premium amount is around Rs. 50,000 for 6 years term. On time I got the policy copy, the payment option is good, I need to wait for 20 years but pre closure option is available.
      Was this review helpful? 0
      , chennai
      Reviewed on Jan 18, 2019
    • Max Life Insurance
      "Okay Policy"
      0.5 4.0/5 "Great!"
      I have purchased a term insurance policy from MAX LIFE. I have selected the MAX company because they have higher rating on their claim ratio. I'm really happy about the sum assured amount. Total tenure period is fine. In 2015, i have purchased this policy. I'm really satisfied with the services.
      Was this review helpful? 1
      , new delhi
      Reviewed on Jan 03, 2019
    • Max Life Insurance
      "Too Good policy"
      0.5 5.0/5 "Blown Away!"
      Just recently 5 months back, i have purchased this life insurance policy. I bought the money back policy from Max Life. Total tenure period of the policy is 11 years. There is no particular reason for choosing this policy. I pay the premium amount of Rs. 50000 in a year. I am making the premium through online.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jan 02, 2019
    • Max Life Insurance
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I have been using my Term insurance with Max life insurance, there service is good, there agent had clearly explain me about the policy, and benefit coverage , and there premium amount they have charged me was nominal, the premium amount is for half yearly basis, i use to pay through off line mode
      Was this review helpful? 1
      , surat
      Reviewed on Dec 30, 2018
    • Max Life Insurance
      "They are good in market"
      0.5 2.0/5 "Expected more"
      I have purchased a life insurance policy in 2012 from Max life. Because of my boss recommendation and reputation of the company, i find the claim ratio was very good hence i chosen same. Max life premium is slight costlier than other. The customers are completely satisfied with their services. They have class set of policies according the premium amount.
      Was this review helpful? 1
      , mumbai
      Reviewed on Dec 29, 2018
    • Max Life Insurance
      "GOOD"
      0.5 4.0/5 "Great!"
      MAX LIFE INSURANCE It is a good policy to access. The maturity period of this policy is for 15 years as it is very good added on that it is the user friendly policy to access. The premium i pay for yearly once with this policy. Also they provide coverage for self.
      Was this review helpful? 1
      , bangalore
      Reviewed on Dec 26, 2018
    • Max Life Insurance
      "GOOD"
      0.5 4.0/5 "Great!"
      The process is very good with the MAX LIFE INSURANCE as i have purchased the life insurance policy with this and also at the beginning the documentation is very good. The maturity period is for 30 years as the premium i pay for monthly once. This give the policy coverage for self.
      Was this review helpful? 0
      , mumbai
      Reviewed on Dec 22, 2018
    • Max Life Insurance
      "Good Policy"
      0.5 3.5/5 "Pretty good"
      I had taken this insurance policy almost five years back and the premium amount has been nominal as well. I have been paying the premium half yearly and the payment method has been simple as well. Their customer care services has also been helpful at times.
      Was this review helpful? 0
      , bangalore
      Reviewed on Dec 17, 2018
    • Max Life Insurance
      "Average service"
      0.5 3.0/5 "Satisfactory"
      I have taken my life insurance policy with Max life insurance, there service is not up to the mark,there is so many confusing ,because of changing of multiple person, there is frequently changing on agent, and there is delay in process, and there is confusing in premium amount.
      Was this review helpful? 0
      , ahmedabad
      Reviewed on Dec 16, 2018
    • Max Life Insurance
      "Good Policy"
      0.5 5.0/5 "Blown Away!"
      I have taken my money policy 2 years ago. I have selected the MAX because of the agent who explained me about the policy details. I pay the premium amount of Rs. 50000 per annum. I don't remember about the sum assured amount. This is the tax benefit policy. I pay the premium through cash in their branch office.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Dec 03, 2018
    • Max Life Insurance
      "Good"
      0.5 5.0/5 "Blown Away!"
      I have a life insurance with Max Life and it was taken through an agent. This is a necessary for me and it was taken for tax benefits. The customer service is good. The policy coverage and plan benefits are fine, it could have been better. I make annual premium of around 30K.
      Was this review helpful? 0
      , chennai
      Reviewed on Nov 30, 2018
    • Max Life Insurance
      "Dissatisfied"
      0.5 1.0/5 "Really Bad"
      Its a fix guaranteed, I Have invested but I could take the capital amount if I cancel that policy. MY bank forced me but its not recommend from my end. The policy which I took its very disappointed, the customer service is good in one call they updated my KYC details. But the policy terms is not good I get my amount on retired age.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Nov 30, 2018
    • Max Life Insurance
      "Good policy"
      0.5 4.0/5 "Great!"
      I have 2 life insurance policies with Max Life Insurance and am using the service for last 10 months. My friend is working in the company so I have taken the policy with them. I am paying the premium yearly 53K plus 24K through online. The policy is good.
      Was this review helpful? 0
      , chandigarh
      Reviewed on Nov 29, 2018
    • Max Life Insurance
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I have been using my life insurance with Max life insurance, it has been a month only, and they have charged me premium amount up to 50,000 it was nominal for me and it was based on yearly basis , there agent had explain me policy related norms clearly, overall service is good.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Nov 21, 2018
    • Max Life Insurance
      "GOOD SERVICE"
      0.5 5.0/5 "Blown Away!"
      I have taken the life insurance policy with the MAX LIFE INSURANCE since from past 2010 where the tenuity period of this policy is for 20 years also the policy coverage is for self as well as the nominee. The customer service is very good and supportive.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Nov 19, 2018
    • Max Life Insurance
      "GOOD"
      0.5 4.0/5 "Great!"
      My experience with the MAX LIFE INSURANCE is very good and i am using it from past ten years the maturity period is for 15 years where the premium i pay on monthly basis through the offline. This gives the coverage is for self and i am satisfied with this policy.
      Was this review helpful? 1
      , new delhi
      Reviewed on Nov 16, 2018
    • Max Life Insurance
      "Good service"
      0.5 4.0/5 "Great!"
      I have been holding my Term insurance with Max life insurance, there service they are given me is good, i use to pay premium on yearly bases, and they have charged me up to 21,000 which was nominal for me and the agent had clearly explain about the policy coverage in this insurance, i use to pay premium through off line mode.
      Was this review helpful? 1
      , new delhi
      Reviewed on Nov 16, 2018
    • Max Life Insurance
      "Necessary policy for any human being"
      0.5 4.0/5 "Great!"
      I have taken my term insurance with Max Life Insurance. I have opened this life insurance policy 2 months before and chosen the monthly payment mode. I pay the premium of 1190. They are providing the coverage value of Rs. 75 lakhs. They are covering the accidental benefits of 10 lakhs and partial disability benefits. I can able to utilize the policy upto 75 years.
      Was this review helpful? 1
      , faridabad
      Reviewed on Nov 16, 2018
    • Max Life Insurance
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I have been holding my Life insurance with Max life insurance , they have many service center near and the process was smooth and there premium they have charge is nominal , i do payment through on line or off line and there agent are very friendly in nature.
      Was this review helpful? 0
      , ahmedabad
      Reviewed on Nov 16, 2018
    • Max Life Insurance
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I have been using my term insurance with Max life insurance from last 3 month only, i use to pay premium on monthly bases and they have charge premium up to 1500 approximately and i do payment through on line and there overall service is good.
      Was this review helpful? 0
      , mumbai
      Reviewed on Nov 14, 2018
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