Max Life Insurance Rs.1Crore Plan

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 - 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 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.
   1. Key features: 
   2. 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 - 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.
   3. Regular Pay Policies: 60 years
   4. 'Pay till 60' option: 50 years
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life insurance plan offered by Max Life that provide life insurance cover up to Rs.1crore.Note: This plan has been withdrawn by Max Life Insurance.
   1. 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. 1lakhMaximum: Rs.1 crore Premium paying termYearly, half-yearly, quarterly and monthly
   2. Benefits: The plan offers the following benefits
   3. Death benefits:The plan provides guaranteed death benefits for the whole tenure of the policy.
   4. Maturity benefits:You get maturity benefits, if the plan is continued till the end of policy tenure.
   5. Tax benefits: The policyholder gets tax benefits on the premiums paid for this policy.
   6. Flexible premium payment options which include yearly, half-yearly, quarterly and monthly premium payment terms.
   7. Enjoy attractive bonuses.
   8. Avail cash surrender value.
   9. Get loan against your policy.

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