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Max Life Insurance Savings Plans

Max life Insurance Company

Established in 2001, Max Life Insurance Company is one of the leading private sector insurance companies in India, serving thousands of customers. The company is the result of the joint agreement between Max India Limited and Mitsui Sumitomo Insurance Company. has been operative in India for almost a decade, and has expanded its reach to every nook and corner of the country. So far, Max Life has proved itself to be a major player in the Indian insurance market.

Savings plans offered by Max Life

Max Life saving plans enable you to save and get higher returns on your savings, apart from helping you meet all future unforeseen situations. Under its savings plan, Max Life offers Max Life Guaranteed Income Plan, Max Life Whole Life Super and Max Life Life Gain Premier. Max Life Guaranteed Income Plan offers assured benefits from the very beginning, and you get guaranteed income for a period of 10 years after the policy term. Max Life Whole Life Super Plan provides protection up to the age of 100 years. You can enjoy this facility by paying premium for a limited period. Max Life Life Gain Premier helps you save systematically and enables you to utilize the amount for your future goals.

Max Life Guaranteed Income Plan

  • Guaranteed tax free monthly income for 10 years.
  • Guaranteed terminal illness benefit at the end of payout period.
  • Get assured income that doubles after 5 years.
  • Guaranteed protection with multiple payout options on death. The plan offers for the life insured during the policy tenure. On death of the life assured during the term, the nominee will have an option to accept either a lump sum death benefit or income for 10 years.
  • Tax benefit is offered. But it is subject to tax laws prevailing at the time of payment of premium or receipt of benefits by you.
  • The plan comes with a commutation option and offers flexibility to get monthly income as lump sum.

Max Life Whole Life Super

  • Guaranteed lifetime protection till the age of 100.
  • Flexible premium payment options.
  • Flexible bonus options.
  • You can customize your policy.
  • Offers terminal illness benefits.
  • Death benefit during the payout period
  • Death benefit during the policy tenure
  • Offers survival benefits.

Max Life Life Gain Premier

  • Avail flexible premium payment options and policy tenures.
  • Bonus options are available.
  • Get assured maturity benefit.
  • Death benefit is guaranteed.
  • Terminal illness benefits are covered.
  • Provides guaranteed solutions for your child's requirements.
  • Flexibility to withdraw cash to meet your requirements.
  • Loans can be availed under this plans.
  • Tax benefits can be availed but, it is subject to tax laws prevailing at the time of payment of premium or receipt of benefits.
Example:

Suppose, you have taken a Max Life Life Gain Premier plan of Rs. 8 lakhs for 10 years. After a few years, you fall sick and get admitted in a hospital. Now, instead of using your savings to pay off your medical bills, you can use the cash offered by Max Life under the above mentioned policy. You are eligible to receive Rs. 4 lakhs to pay off your medical bills which is 50% of the guaranteed maturity sum assured to you in the policy. Thus, the savings plans offered by Max Life Insurance Company help you face any unpredicted financial adversities in life.

Why choose Max Life Savings Plans?

There are a number reasons why you should choose the savings plans offered by Max Life:

  • Max Life savings plans offer terminal illness benefits, apart from offering a plethora of benefits such as maturity benefits, death benefits, loyalty additions etc.
  • You can get tax exemption by investing in these plans.
  • You can withdraw your funds partially in times of need.
  • They offer flexible premium payment options.
  • Your child’s requirements are also covered under these plans.

Other Max Life Insurance Plans

Max Life Insurance Child Plans

Max Life Insurance Pension 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

 4.0 / 5.0   by 557 users
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Plan Benefits

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Max Life Saving Plans Reviews

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  • Max Life Insurance
    "Good"
    0.5 4.0/5 "Great!"
    I have taken a term insurance in MAX LIFE INSURANCE 2 years before. The policy is for 40 years. Now I am paying premium in the monthly package. While getting a policy my agent has given an information about the policy details. I use to do payments through an online. The policy coverage up to myself.
    Was this review helpful? 0
    , chennai
    Reviewed on Jun 14, 2019
  • Max
    Max Life Insurance
    "Pretty Good Policy"
    0.5 4.0/5 "Great!"
    I pay the premium amount of Rs. 50000 every year. Total term period is 12 years. I took the life insurance policy from Met LIFE. Once the maturity is over, i will get Rs. 6000 for every month for the next 10 years. This is a fixed value with guaranteed along with that 4% or 5% appreciation amount i will get which is an optional one. I make the premium through online.
    Was this review helpful? 0
    , mumbai
    Reviewed on Jun 14, 2019
  • Max Life Insurance
    "Good Service"
    0.5 5.0/5 "Blown Away!"
    I have taken life Insurance through Max life it is a Maturity benefit policy is for the tenure of 15years .The premium is paid online ,The premium is amount is Rs. 36000.The premium is paid on yearly basis ,policy is still active and the agent gave all the relevant details about the policy .
    Was this review helpful? 0
    , ahmedabad
    Reviewed on Jun 07, 2019
  • Max Life Insurance
    "Good Service"
    0.5 4.0/5 "Great!"
    I have taken Life Insurance policy through Max Life directly This is a maturity policy is for the tenure of 10 years ,The premium is monthly basis,premium is very nominal ,The premium paid was yearly and then i have changed it as now monthly basis , Axis bank referred this Max life policy .I have received the policy documents on time.
    Was this review helpful? 0
    , mumbai
    Reviewed on Jun 02, 2019
  • Max Life Insurance
    "Good Service"
    0.5 4.0/5 "Great!"
    I have taken Life Insurance policy through Max Life Insurance company directly.This is a maturity policy ,it is for the tenure 15years ,premium is very nominal ,policy documents got on time ,it will be closed after 15years.I have got all the required information about the policy .This policy is very useful .
    Was this review helpful? 1
    , bangalore
    Reviewed on Jun 02, 2019
  • Max Life Insurance
    "Good Service"
    0.5 2.0/5 "Expected more"
    I have taken Life insurance policy directly taken through Max Life Insurance company .The agent gave all information about the life insurance through the agent ,it is for the tenure of 8years ,The premium is paid through online ,premium is very nominal policy documents received on time ,The agent gave all the details .so far not faced any difficulties , I have closed this policy .
    Was this review helpful? 0
    , bangalore
    Reviewed on May 30, 2019
  • Max Life Insurance
    "Good Service"
    0.5 5.0/5 "Blown Away!"
    I have taken Max Life insurance year policy through Online ,it is valid till age 50 years and i need to pay till 60years ,policy documents got on time ,The agent gave all information about the policy .The payment is done through online and using credit card for making the payment.
    Was this review helpful? 0
    , mumbai
    Reviewed on May 29, 2019
  • Max Life Insurance
    "Better"
    0.5 4.0/5 "Great!"
    I have been paying the premium recently with MAX LIFE for the term plan. The premium is good and they are providing better benefits than other insurer. The customer service is good. I make monthly premium of Rs.1900 through online. They have explained about the policy well.
    Was this review helpful? 0
    , jaipur
    Reviewed on May 29, 2019
  • Max Life Insurance
    "GOOD"
    0.5 3.0/5 "Satisfactory"
    I have purchased the life insurance policy with the MAX LIFE INSURANCE where using it since from last 3 years the policy has the coverage for self and i have purchased the pension plan with this policy. The customer support is good also it is a good policy to use.
    Was this review helpful? 0
    , mumbai
    Reviewed on May 28, 2019
  • Max Life Insurance
    "Good"
    0.5 4.0/5 "Great!"
    I have taken a life insurance in MAX LIFE INSURANCE for the past 3 years ago. The policy is for 30 years. Now I am paying premium in the yearly package. While getting a policy my agent has given an information about the policy details and provided hard copy documents as well. I use to do payments through an agent. The coverage up to myself.
    Was this review helpful? 0
    , jaipur
    Reviewed on May 26, 2019
  • Max Life Insurance
    "Good"
    0.5 4.0/5 "Great!"
    I have taken a life insurance in MAX LIFE INSURANCE. The policy is for 20 years. Now I am paying premium in the yearly package. While getting a policy my agent has given an information about the policy details. The coverage for my whole family members. Through an online I used to payments.
    Was this review helpful? 0
    , hyderabad
    Reviewed on May 24, 2019
  • Max Life Insurance
    "Best way to protect the family"
    0.5 5.0/5 "Blown Away!"
    I have term plan with Max life, per month I make Rs. 1900 it has term upto 50 years old, the sum assured for Rs. 1 crore to protect my family. I checked the claim settlement and grievance resolved ratio its good. They need improvement on support remain all fine, they do have waiver on the critical illness and disability.
    Was this review helpful? 0
    , pune
    Reviewed on May 21, 2019
  • Max Life Insurance
    "GOOD"
    0.5 4.0/5 "Great!"
    I have purchased the life insurance policy with the MAX LIFE INSURANCE where the policy has the maturity period of 25 years also the coverage is for self. The premium paying for yearly once added on that i am using it since from last 1-15 years policy.
    Was this review helpful? 0
    , new delhi
    Reviewed on May 20, 2019
  • Max Life Insurance
    "GOOD"
    0.5 4.0/5 "Great!"
    MAX LIFE INSURANCE is the insurance company where i am holding the ENDOWMENT POLICY since from last 10 years the policy has the coverage for self and the policy has the maturity period of 20 years. The documentation process was simple and good.
    Was this review helpful? 0
    , new delhi
    Reviewed on May 20, 2019
  • Max Life Insurance
    "GOOD"
    0.5 4.0/5 "Great!"
    I am using from last 1 year the life insurance with the MAX LIFE INSURANCE documentation process was done through the online. The customer support explained the policy details. The maturity period is for 25 years and paying the premium yearly once, coverage for self. It has the coverage of little premium higher with disability.
    Was this review helpful? 0
    , kolkata
    Reviewed on May 19, 2019
  • Max Life Insurance
    "Good flexible investment"
    0.5 5.0/5 "Blown Away!"
    Its some thing like a money back plan, I need to pay the premium for six year then Max Life will provide the bonus interest hence its so flexible for me. I make the premium around Rs. 52,000 per annum and its really good for the tax saving and life coverage.
    Was this review helpful? 0
    , gurgaon
    Reviewed on May 15, 2019
  • Max Life Insurance
    "GOOD"
    0.5 4.5/5 "Excellent!"
    I have purchased the life insurance policy with the MAX LIFE INSURANCE where the maturity period of this policy is for 20 years also the policy coverage is for self. The premium paying for yearly once added on that the policy has the life coverage.
    Was this review helpful? 0
    , pune
    Reviewed on May 13, 2019
  • Max Life Insurance
    "GOOD"
    0.5 5.0/5 "Blown Away!"
    I am using the life insurance policy with the MAX LIFE INSURANCE where the where the policy has the coverage for family added on that the maturity has the long term plan and it is has the life coverage also the accidental coverage with this policy.
    Was this review helpful? 0
    , kolkata
    Reviewed on May 10, 2019
  • Max Life Insurance
    "NOT SATISFIED"
    0.5 1.0/5 "Really Bad"
    It is not good the life insurance with the MAX LIFE INSURANCE because the premium not paid with this policy and asked for closing then they have given return money after detecting the one month premium. It is the child plan. Maturity period is for 16 years. I am using from last more than 7-8 yeras.
    Was this review helpful? 0
    , new delhi
    Reviewed on May 08, 2019
  • Max Life Insurance
    "BETTER"
    0.5 3.0/5 "Satisfactory"
    I have purchase the EULIP PLAN with the MAX LIFE INSURANCE where i am using it since from last 10 years the maturity period of this policy is for 10 years and i got the policy matured and sot the sum assured too, The premium paid was yearly once with this policy.
    Was this review helpful? 0
    , new delhi
    Reviewed on Apr 29, 2019
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