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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 591 users
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Plan Benefits

Payment Options

Policy Coverage

Customer Service

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Max Life Saving Plans Reviews

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  • Max Life Insurance
    "Good insurer"
    0.5 5.0/5 "Blown Away!"
    I have taken a life insurance in MAX LIFE INSURANCE on 6 years before. The policy is for 50 years. I am paying premium in the yearly package. While getting a policy my agent has given an information about the policy details. It covers up to myself.
    Was this review helpful? 0
    , jaipur
    Reviewed on Oct 03, 2019
  • Max
    Max Life Insurance
    "Good"
    0.5 4.0/5 "Great!"
    The reason for selecting Max life is I felt, the benefits are good and convenient for me. The customer service is better. I have taken a 5years policy and the premium was 50K per year. In the 10th year, I will be getting sum assured of 6L which is double the amount what I have paid.
    Was this review helpful? 0
    , kakinada
    Reviewed on Sep 27, 2019
  • Max Life Insurance
    "Good policy for future"
    0.5 4.0/5 "Great!"
    I had chosen my term insurance from Max Life. Since my friend has recommended about the policy i have taken it. I am paying the premium amount of Rs. 6000 every year. They have given me a coverage value of Rs. 50 lakhs. They do provide cover for partial disability cover also.
    Was this review helpful? 0
    , tirunelveli
    Reviewed on Sep 24, 2019
  • Max Life Insurance
    "Good insurer"
    0.5 5.0/5 "Blown Away!"
    I have taken a life insurance in MAX LIFE INSURANCE on 1 year before. The policy is for life term. I am paying premium in the yearly package for 50 thousands. While getting a policy my agent has given an information about the policy details. I visit to office directly to pay the premium amount.
    Was this review helpful? 0
    , anantapur
    Reviewed on Sep 22, 2019
  • Max Life Insurance
    "Good claim settlement ratio and very good service"
    0.5 4.0/5 "Great!"
    I have life insurance with MAX because of the claim settlement ratio around 98.9% . Yearly I make Rs. 52,000 it has the maturity period of 25 years, its a traditional plan, I get around Rs. 22 lakhs overall and it has life coverage if there is no any demise my nominee get the life cover. I do have flexi pay option.
    Was this review helpful? 0
    , sonipat
    Reviewed on Sep 19, 2019
  • Max Life Insurance
    "Need improvement on the benefits"
    0.5 4.0/5 "Great!"
    AXIS bank have recommended Max life insurance comes along with ULIP. I need to invest upto 7 years but the ULIP has the locking period of 12 years, the premium is economical as per the policy. They do have good life cover for the financial security for unforeseen events. It has tax saving under 80c section, I have online credential for max life to check my insurance details and every day I get sms as well. I make the premium on yearly basis through online.
    Was this review helpful? 0
    , hyderabad
    Reviewed on Sep 19, 2019
  • Max Life Insurance
    "Good"
    0.5 4.0/5 "Great!"
    The payment mode is online and making the premium through debit card or credit card. I have taken short term life policy with MAX LIFE. The benefits are good. They have provided me a life cover of 12L with the locking period of 5 years. I have not gone through the documents so cannot tell about this policy much. Their claim settlement rate is good and giving 98.8%.
    Was this review helpful? 0
    , new delhi
    Reviewed on Sep 16, 2019
  • Max Life Insurance
    "Excellent Service"
    0.5 5.0/5 "Blown Away!"
    I have taken Life Insurance policy through Max Life agent .This policy tenure is for 20 years.I am paying the premium through citi bank credit card .The agent gave all the information about the insurance policy .I have received the policy documents on time .This policy is really useful and it is still active .
    Was this review helpful? 0
    , mumbai
    Reviewed on Sep 05, 2019
  • Max Life Insurance
    "Moderate"
    0.5 3.0/5 "Satisfactory"
    I have taken a term plan from MAX LIFE because am employee of Axis Bank and that time have take a term plan of 75L. There is no benefits, just am paying the premium. If any demise happens the family will be getting the benefit. The customer service is average. I am doing online payment and its 7K per year.
    Was this review helpful? 0
    , coimbatore
    Reviewed on Sep 03, 2019
  • Max Life Insurance
    "Good "
    0.5 5.0/5 "Blown Away!"
    I have taken a life insurance with MAX LIFE INSURANCE on 2 years before. The policy is for 15 years and it is gain plan policy. I am paying premium on monthly package. While getting a policy my agent has given an information about the policy details. I use to pay for 2500 rupees.
    Was this review helpful? 0
    , new delhi
    Reviewed on Aug 28, 2019
  • Max Life Insurance
    "Good"
    0.5 4.0/5 "Great!"
    I have chosen MAX LIFE for a life insurance. It is for future savings and life insured cover. I am doing yearly premium of Rs.52,000, it will be automatically debited from my account. I receive a statements from them. The sum assured is 5Lakhs.
    Was this review helpful? 0
    , kolkata
    Reviewed on Aug 26, 2019
  • Max Life Insurance
    "Good for the family protection"
    0.5 4.0/5 "Great!"
    I have one term plan with Max life for the sum assured of Rs. 70 lakhs, yearly I paid Rs. 22,000 for the term of 16 years and the life cover upto 70 years of age. I have option to add only nominee however the claim settlement is good for this insurance company.
    Was this review helpful? 0
    , mumbai
    Reviewed on Aug 24, 2019
  • Max Life Insurance
    "Good Investment"
    0.5 4.0/5 "Great!"
    I am having MAX LIFE which was suggested by their staff, the premium is economical. I used to pay Rs. 50,000 per annum it has the term of 19 years, after the maturity I get the lump sum amount along with the monthly bonus. I got the policy bond from the insurance company.
    Was this review helpful? 0
    , bangalore
    Reviewed on Aug 23, 2019
  • Max Life Insurance
    "Satisfactory"
    0.5 5.0/5 "Blown Away!"
    I have purchased a term plan with MAX LIFE because their claim settlement ratio is high compared to other insurance company and also premium is affordable. Their executive is regularly calling me and helpful too. The payment mode is online.
    Was this review helpful? 0
    , jaipur
    Reviewed on Aug 21, 2019
  • Max Life Insurance
    "Good Policy"
    0.5 4.0/5 "Great!"
    Taken my life insurance policy from Max life. I am paying the premium amount of Rs. 50000. I did the ECS facility hence the amount will be automatically deducted from my account. I need to pay the premium for 10 years and after 10 years the bonus will get added. Total sum assured amount of the policy is 6 lakhs.
    Was this review helpful? 0
    , bangalore
    Reviewed on Aug 20, 2019
  • Max Life Insurance
    "Satisfactory"
    0.5 5.0/5 "Blown Away!"
    I took a life insurance from Max life because the premium is affordable. I have not used the customer service but heard they are doing good. I am paying 35K yearly through online. The payment mode is convenient and am getting notifications immediately. I took it for savings plan.
    Was this review helpful? 0
    , hyderabad
    Reviewed on Aug 19, 2019
  • Max Life Insurance
    "Good insurer"
    0.5 5.0/5 "Blown Away!"
    I have taken a life insurance with MAX LIFE INSURANCE on 6 months before. The policy is for 38 years. I use to do payment through an online. I am paying premium on monthly package. While getting a policy my agent has given an information about the policy details.
    Was this review helpful? 0
    , pune
    Reviewed on Aug 16, 2019
  • Max Life Insurance
    "Fast and quick policy"
    0.5 4.0/5 "Great!"
    I have just booked the policy through online and i have got my insurance documents within a day to my mail id. They have sent the documents after 10 days. Axis bank had a tie up with Max life thats the reason i opted this policy. I'm satisfied with the coverage value.No medical examination is required.
    Was this review helpful? 0
    , bangalore
    Reviewed on Aug 16, 2019
  • Max Life Insurance
    "Excellent card"
    0.5 4.0/5 "Great!"
    I have purchased a life insurance policy from Max Life through online. I am paying premium of Rs.700 monthly through cash and sometimes online. The customer service is good. The policy coverage is 32L. I need to pay the premium upto age of 60K.
    Was this review helpful? 0
    , bikaner
    Reviewed on Aug 12, 2019
  • Max Life Insurance
    "Good for the family protection"
    0.5 4.0/5 "Great!"
    Reason to select Max life, I found the claim settlement ratio is good around 98% this year. They also providing critical illness waiver, waiver on disability. The customer care is very prompt they shared terms and condition before availing the plan. It has the life cover upto 80 years and premium 60 years. I paid the premium around Rs. 850 per month, I sum assured of Rs. 1 crore, I have option to add nominees, I avoided half of the lum sum amount and they give monthly payment.
    Was this review helpful? 0
    , bangalore
    Reviewed on Aug 11, 2019
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