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Max Life Insurance Rs.1Crore Plan

A life insurance policy can really protect you and your family against various unforeseen situations in life by providing financial assistance. There are various private and public life insurance companies in India which offer different life insurance cover which may start from as low as Rs. 50,000 and go up to Rs.1 crore and above. A life insurance plan providing a coverage of Rs. 1 Crore is an ideal amount that can help you support your family in case of your absence. With a coverage of Rs. 1 crore, your family can continue to maintain a standard lifestyle their lifestyle, even if you are not there.

Who can purchase Max Life Rs.1 crore plans?

The Rs.1 crore life insurance plans can be purchased by any individual falling in the age group of 30-35 years. Besides, the policyholder who buys this plan needs to have a stable income source so that he/she can pay the monthly premiums. Usually, premiums charged on 1 crore plans are higher than the policies offering lower coverage. The 1 crore plans can be taken up by all individuals who can afford to pay the required premiums and fulfil the eligibility criteria set by Max Life Insurance Company.

Benefits of opting for Max Life Rs.1Crore Plans:

Life insurance policies offering a maximum coverage of Rs. 1 crore can protect your family against financial emergencies and help them lead and comfortable life. In fact, it is an excellent amount that can ensure financial protection to your family members or nominees, even when you are not there to take care of them.

Types of Max Life Insurance 1 crore Life Insurance Plans:

Max Life Insurance Company - one of the leading private sector insurance companies in India understands your need for a high life insurance cover so that you can ensure financial protection to your dependents as and when they need. The company offers a host of life insurance plans which include - Online Term Plan, Protection Plan, Child Plan, Retirement Plans, Growth Plans, Savings Plan and Group Plan. The company also offers life insurance plans that provide coverage for Rs.1 Crore.

Max Life Insurance Company provides the following plans with a sum assured of Rs.1 crore:

  1. Max Life Online Term Plan: It is one of the most popular term insurance plans that provides coverage up to Rs.1crore, along with providing a host of other attractive benefits. The plan is particularly designed to provide enhanced protection to your family members, even when you are not there. The sum assured offered by this plan is available in multiples of Rs.1 lakh.

    Key features:

    You can get coverage for Rs.1 Crore by purchasing the Max Life Online Term Plan. The plan provides coverage up to Rs.100 Crores. Listed below are the key features of Max Life Online Term Plan:

    Minimum entry age 18 years
    Maximum entry age
    • Regular Pay Policies: 60 years
    • ‘Pay till 60’ option: 50 years
    Maximum Maturity Age 85 years
    Policy term 10-50 years.
    Sum assured Minimum : Rs. 25 lakhs Maximum: Rs.100 Crore
    Premium paying term
    • Regular Pay Policies: Same as policy term
    • ‘Pay till 60’ option: 60 years – age at entry
    Premium paying mode Annual, semi-annual, quarterly, or monthly

    Benefits:

    The Max Life Online Term Plan enables you to enjoy the following benefits:

    • Death benefits: You can choose between 3 death benefits options which include - Max Life Online Term Plan Basic Life Cover, Max Life Online Term Plan Life Cover + Monthly Income and Max Life Cover+ Increasing Monthly Income.

    • Get discounts on high sum assured.
    • The policy offers attractive and lower premium rates for non-smokers.
    • A 30 day free look period.
    • You can apply for this plan online.

    The Max Life Online Term is ideal for you, if you want to purchase coverage for Rs.1 Crore and protect your family against financial emergencies in your absence.

  2. Max Life 20 Year Endowment Participating Insurance Plan: This is another life insurance plan offered by Max Life that provide life insurance cover up to Rs.1crore.

    Note: This plan has been withdrawn by Max Life Insurance.

    Key Features:

    Listed below are the key features of Max Life 20 Year Endowment Participating Insurance Plan:

    Minimum entry age

    20 years

    Maximum entry age

    50 years

    Expiry age

    70 years.

    Sum assured

    Minimum : Rs. 1lakh

    Maximum: Rs.1 crore

    Premium paying term

    Yearly, half-yearly, quarterly and monthly

    Benefits:

    The plan offers the following benefits:

    • Death benefits:The plan provides guaranteed death benefits for the whole tenure of the policy.
    • Maturity benefits:You get maturity benefits, if the plan is continued till the end of policy tenure.
    • Tax benefits: The policyholder gets tax benefits on the premiums paid for this policy.
    • Flexible premium payment options which include yearly, half-yearly, quarterly and monthly premium payment terms.
    • Enjoy attractive bonuses.
    • Avail cash surrender value.
    • Get loan against your policy.

GST of 18% is applicable on life insurance effective from the 1st of July, 2017

Life Insurance Reviews

Page 1 of 26 1 2 3 4 5
  • 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
  • Max Life Insurance
    "GOOD"
    0.5 5.0/5 "Blown Away!"
    I have taken a personal loan from one bank they have offered me with the MAX LIFE insurance. I ma holding it from past five years where i pay the premium for yearly once through online. The maturity period of this policy is for 15 years and the coverage is for self.
    Was this review helpful? 1
    , bhubaneshwar
    Reviewed on Nov 07, 2018
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