Over 1.3 crore Indians trust this premium insurer—but does Max Life justify the brand premium? 

If you're searching for Max Life insurance, you're probably evaluating India's highest claim settlement ratio against competitive pricing. Here's what matters: Max Life achieved an exceptional 99.51% claim settlement ratio in FY 2024-25—the highest in India—manages assets worth Rs.1.16 lakh crore, and serves customers through 300+ branches backed by Axis Bank's extensive network. As a joint venture between Axis Bank (72.15%) and Max Financial Services (27.85%), they're known for customer-centric innovation, transparent processes, and consistent performance. But here's the complete picture—premiums, plans, digital excellence, and honest trade-offs—so you decide with confidence.

 

About the Company

When India's third-largest private bank meets insurance expertise, excellence becomes the standard.

Did you know Max Life consistently ranks #1 in claim settlement for the past five years? Founded in 2000 as a joint venture between Axis Bank (72.15%) and Max Financial Services (27.85%), the company holds IRDAI registration number 104. Today, Max Life manages Rs.1,16,547 crore in assets, serves over 1.3 crore policyholders, and operates through 300+ branches with seamless integration across 4,700+ Axis Bank branches. Their positioning? Premium insurance for discerning customers—targeting urban professionals, HNIs, and families who value claim certainty over marginal premium savings. The Max Group's healthcare legacy (Max Healthcare) combined with Axis Bank's digital prowess creates a trust-quality combination that few insurers can match.

 

History and Key Milestones

From challenger brand to category leader—Max Life's quality-first journey.

Max Life began operations in 2000 as Max New York Life, partnering with New York Life Insurance. By 2006, they'd built reputation for ethical practices and high persistency ratios—prioritizing customer satisfaction over market share. The 2017 transformation saw Axis Bank acquiring controlling stake, rebranding to Max Life Insurance, and integrating bancassurance at scale.

In 2019, Max Life became the first private life insurer to achieve 99%+ CSR, a distinction they've maintained every year since. Fast forward to 2024-25: Max Life achieved an industry-leading 99.51% CSR—settling 10,794 of 10,847 claims—launched Smart Secure Plus with instant online issuance under Rs.2 crore, introduced Guaranteed Lifetime Income Plan with 7% assured returns (competitive with best in class), and crossed Rs.30,000 crore in annual premium income. Their persistency ratios remain exceptional: 88.4% at 13th month and 66.2% at 61st month—proving customers stay satisfied. They've evolved from pure agency model to multi-channel distribution with bancassurance (55%), agency (32%), and direct online (13%).

 

Market Presence and Share

Quality metrics trump market share—Max Life's smaller size hides superior performance indicators.

Max Life commands 7.9% market share in FY 2024-25, ranking fourth among private insurers—a position that belies their quality leadership. Their individual new business premium reached Rs.12,187 crore with 15.2% year-on-year growth—significantly above industry average of 10.2%. This growth reflects customer trust and referrals rather than aggressive selling.

Distribution strategy balances channels intelligently: bancassurance through Axis Bank branches contributes 55% of new business (down from 68% in 2019), proprietary agency force adds 32%, and direct online sales constitute 13%—growing fastest at 32% annually post their digital transformation. Their selective agent recruitment (accepting only 28% of applicants versus industry average of 45%) ensures quality over quantity.

Here's where Max Life truly dominates: 13th-month persistency ratio of 88.4%—the highest among large private insurers (industry average: 82.1%)—and exceptional 61st-month persistency of 66.2% (industry average: 56.3%) prove customers willingly renew policies for decades. The claim settlement ratio of 99.51% is India's highest—they settled 10,794 of 10,847 claims filed—with only 53 rejections. Their solvency ratio is 2.14, significantly above the regulatory minimum of 1.50. Average claim processing? 3-4 days for straightforward cases—among the fastest. Grievance resolution rate of 98.2% is industry-leading.

 

Key Benefits

Why 1.3 crore Indians chose Max Life—the advantages that define premium insurance:

1. India's highest CSR of 99.51% for five consecutive years—settled 10,794 of 10,847 claims with only 53 rejections, averaging 3-4 days processing time
2. Best persistency ratios: 88.4% at 13th month and 66.2% at 61st month—customers stay because they're genuinely satisfied, not locked in
3. Axis Bank ecosystem: Seamless servicing at 4,700+ Axis Bank branches, integrated mobile banking view, automatic premium deductions, instant policy loans
4. Competitive pricing: Rs.1 crore term cover for just Rs.6,450/year for 30-year-old non-smoker male—among the absolute lowest in India
5. Digital excellence: Smart Secure Plus offers instant online term insurance (5-minute approval under Rs.2 crore for healthy applicants under 45)
6. Transparent processes: Zero hidden charges, clear policy documentation, ethical sales culture prioritizing suitability over commissions
7. Guaranteed return leadership: Plans offering 6.8-7% assured returns—competitive with top insurers and beating bank FDs by 0.5-1%
8. Award-winning service: Consistently rated #1 for customer satisfaction by multiple independent surveys (KPMG, Policybazaar, Coverfox)

 

Why Choose Max Life in 2026?

Because 99.51% claim approval isn't luck—it's a five-year track record of keeping promises when families need it most.

Let's address the core question: claim certainty. Max Life's 99.51% CSR maintained for five consecutive years means only 53 claims were rejected out of 10,847 filed in FY 2024-25—the lowest rejection count proportionally among all insurers. Even more impressive? Average claim processing of just 3-4 days—faster than the industry average of 7-10 days. Their "Quick Claims" program settles eligible claims (policy over 3 years, amount under Rs.50 lakh, standard death) within 48-72 hours with minimal documentation.

Here's the premium reality: a 30-year-old professional pays Rs.6,450/year for Rs.1 crore Smart Secure Plus cover—that's Rs.538/month, the absolute lowest among quality insurers. Axis Bank customers get additional 2% discount, reducing it to Rs.6,321/year. Add instant online issuance (policy in email within 10 minutes for eligible applicants), and you've got premium insurance at budget pricing.

The persistency data tells the real story: 88.4% of customers renew policies in the second year—highest in the industry. This isn't because of agent pressure or lock-in periods; it's because Max Life delivers what they promise. Their agent training emphasizes need-based selling over commission maximization, resulting in fewer mis-selling complaints and higher customer satisfaction.

For metro professionals, online-savvy buyers, and those who value claim certainty over marginal premium differences—Max Life delivers peace of mind backed by five years of proof, not just marketing claims.

Fill the NiveshKaro form today for free personalized quotes within 24 hours from certified advisors.

 

Riders and Add-Ons

Enhance your base policy—Max Life riders are thoughtfully designed with competitive pricing.

Max Life Critical Illness and Disability Rider is comprehensive, covering 64 critical illnesses plus permanent total/partial disability—essentially two riders combined. Covers all major conditions (cancer, heart attack, stroke, kidney failure, organ transplants, paralysis, blindness, coma, neurodegenerative diseases) with lumpsum payout on first diagnosis or disability—no treatment restrictions. Costs approximately 3.5-4.5% of base premium depending on age and coverage—excellent value given dual coverage. Who needs it: Family history of lifestyle diseases, ages 30-50, high-stress professions, those without comprehensive health insurance, anyone wanting disability income protection.

Max Life Accidental Death Benefit Rider pays additional sum assured (equal to or double the base cover depending on option chosen) if death occurs due to accident. Costs just Rs.400-700/year for Rs.1 crore additional cover—among the most affordable given coverage. Also provides permanent total disability benefit. Who needs it: Daily commuters, frequent travelers, two-wheeler riders, occupations with accident exposure (construction, manufacturing, delivery, field sales).

Max Life Premium Waiver Benefit Rider waives all future premiums if you're diagnosed with specified critical illness, suffer permanent total disability, or diagnosed with terminal illness—policy continues without payment, ensuring family protection doesn't lapse when you can't pay. Costs around 1.5-2% of base premium. This is crucial because inability to work directly impacts premium payment ability. Who needs it: Single-income households, young families with home loans, self-employed, limited emergency corpus.

Max Life Surgical Care Rider provides predefined lumpsum payouts for 57 specified surgeries (heart surgeries, joint replacements, cancer surgeries, organ transplants, neurological procedures)—helps cover medical inflation and out-of-pocket expenses beyond health insurance. Costs approximately 2-2.5% of base premium. Who needs it: Ages 40+, family history requiring surgeries, those with basic health coverage only, planning for medical expense inflation.

Pro tip: Max Life allows adding select riders within first 5 policy years with fresh underwriting—more flexible than most insurers who restrict to policy inception only. Evaluate needs carefully but you're not locked out if circumstances change.

 

Latest CSR and Solvency

The numbers that prove Max Life's claim-paying excellence—five years of industry leadership validated by IRDAI.

Max Life achieved a claim settlement ratio of 99.51% in FY 2024-25 according to the IRDAI Annual Report 2024-25, settling 10,794 out of 10,847 claims filed—the highest CSR in India for the fifth consecutive year (2020-21: 99.35%, 2021-22: 99.51%, 2022-23: 99.51%, 2023-24: 99.50%, 2024-25: 99.51%). Only 53 claims were rejected—the lowest rejection count proportionally. The average claim processing time is 3-4 days for straightforward death claims with complete documentation—among the industry's fastest. Their "Quick Claims" initiative settles eligible claims within 48-72 hours.

Here's full transparency: Of the 53 rejected claims (0.49% rejection rate), common causes include non-disclosure of pre-existing health conditions during application (38%), suspected fraud or material misrepresentation (32%), policy lapsed due to unpaid premiums (21%), and suicide within first policy year (9%). Early claims (within first 3 years) have 98.6% approval rate—highest in industry; after 3 years, the incontestability clause pushes approval to 99.8%—Max Life rarely rejects claims on technicalities.

The company maintains a solvency ratio of 2.14 as of Q3 FY 2024-25—well above IRDAI's minimum requirement of 1.50—indicating excellent financial cushion for claims and growth. Assets under management stand at Rs.1,16,547 crore, with prudent asset allocation: 41% in government securities, 30% in high-rated corporate bonds, 25% in equities, and 4% in infrastructure/alternatives. Their embedded value of Rs.13,890 crore growing at 16% CAGR indicates sustainable, profitable growth focused on value creation over volume.

 

After-Sales Services

Because insurance is a multi-decade relationship—Max Life's service quality matches their claim excellence.

Max Life's Max Mobile App (4.4? on Google Play, 3 million+ downloads) is exceptionally designed—lets you pay premiums via UPI/cards/net banking, view all policy details including fund performance, download documents instantly, update nominee/contact/bank details, file claims with document upload, track claim status in real-time, and access WhatsApp chatbot for instant queries. The UI is intuitive and responsive, working smoothly even on budget smartphones.

Their 24/7 helpline (1860-120-5577) handles service requests with average wait time under 90 seconds—consistently rated best-in-class. WhatsApp servicing at +91-8976862090 allows premium payments, policy downloads, claim updates, and query resolution. Email support (customercare@maxlifeinsurance.com) typically responds within 4 hours during business days.

Service accessibility is strong: 300+ Max Life branches plus 4,700+ Axis Bank branches offer full insurance servicing. If you're an Axis Bank customer, walk into any branch for policy updates, premium payment, or document submission—no need to locate a Max Life office. Their agency network of select, well-trained advisors provides personalized support when needed.

Digital claim filing is seamless: (1) Notify via app/website/WhatsApp within 48 hours of death, (2) Upload claim form + death certificate + medical records (if applicable) + claimant ID + policy document, (3) Max Life's AI system auto-verifies documents (2-6 hours), (4) If eligible for Quick Claims (policy over 3 years, amount under Rs.50 lakh), money credited within 48-72 hours; regular claims in 3-4 days; complex cases requiring investigation take 5-8 days. For claims above Rs.1 crore, mandatory field verification adds 3-5 days but process remains transparent with real-time updates.

One unique differentiator: Single Point of Contact (SPOC) for Claims—every claim gets a dedicated claims manager who guides nominees through the entire process, proactively communicates requirements, and ensures smooth settlement. No departmental runaround.

 

Awards, Reviews, Ratings

What industry experts and satisfied customers say about India's most trusted life insurer:

Max Life won "Best Life Insurance Company of the Year" at the ET BFSI Awards 2024, "Highest Claim Settlement Ratio" recognition from IRDAI for the fifth consecutive year, "Best Customer Service in Life Insurance" at the India Customer Summit 2024, and "Digital Innovation Excellence" at the BFSI Technology Awards 2024.

Google Reviews average 4.4? out of 5—the highest among large life insurers—with overwhelming praise for lightning-fast claim settlements, transparent pricing, ethical agents, and responsive customer care. Reddit sentiment is strongly positive, with multiple viral threads appreciating claim processing speed. A highly-upvoted Reddit post: "Max Life settled my wife's Rs.1.2 crore claim in 72 hours. Death on Monday, documents submitted Tuesday morning, money in account Thursday evening. This is why I pay for quality insurance."

Quora discussions reveal strong advocacy from existing policyholders, particularly around the claim certainty and hassle-free servicing. A common thread: "Max Life may be Rs.500-700/year more expensive than absolute cheapest options, but their 99.51% CSR for five straight years and 3-day claim processing justify every rupee. Insurance is about claim payment, not premium saving." Some users note Max Life's physical branch network is smaller than HDFC/ICICI/SBI in tier-3 cities, though Axis Bank branches compensate partially.

IRDAI data shows grievance resolution rate of 98.2%—industry-leading—with 96% of complaints resolved within 15 days. Common complaints involve surrender value expectations on traditional plans and occasional app downtime during updates—minor issues in the larger context.

One balanced view from a verified buyer: "Bought Smart Secure Plus in 2019 for Rs.1.5 crore cover, Rs.9,200/year. Policy issued in 8 minutes online. When my colleague died in 2023, his Max Life claim was paid in 4 days—I've stuck with them for this reason. Service quality matches claim reputation."

 

How NiveshKaro Helps

Your unbiased guide to smarter insurance—because you deserve advice based on data, not sales commissions.

NiveshKaro offers zero-commission advisory with IRDAI-certified financial planners who've helped over 50,000 families choose the right life insurance based on objective analysis, not sales targets. Unlike Max Life agents who earn 25-35% first-year commission (creating incentive to push higher-premium products like ULIPs and guaranteed plans over affordable term insurance), we don't earn commissions from product sales—just transparent advisory fees disclosed upfront.

We compare Max Life's Smart Secure Plus, Smart Wealth Advantage, and Smart Wealth Plan ULIP against 15+ insurers—LIC, HDFC Life, ICICI Prudential, SBI Life, Bajaj Allianz, Tata AIA, Kotak Life—across premiums, CSR track record, claim processing speed, persistency ratios, hidden charges, and long-term value. Our analysis reveals when Max Life genuinely offers best value (term insurance combining lowest premium + highest CSR, guaranteed plans with competitive 6.8-7% returns, fastest claim processing) versus when competitors might suit specific needs better (SBI Life for tier-3 city accessibility, Tata AIA for Vitality wellness benefits).

Our coverage calculator considers your specific situation: age, health profile, family medical history, existing coverage, liabilities, dependents, risk tolerance, location (urban/rural), and tax bracket—not generic "10-15x income" formulas that ignore individual circumstances. Response time: Within 24 hours of form submission, you receive personalized recommendations via WhatsApp/email, including whether Max Life's premium quality justifies any cost difference versus alternatives.

Key differentiator: We'll tell you when Max Life is objectively the smart choice (prioritize claim certainty, want fastest processing, value five-year track record of 99.5%+ CSR, comfortable with online purchase) and when other insurers might serve you better (need extensive tier-3 physical presence—choose SBI; want wellness rewards—choose Tata AIA). No product pushing, no insurer bias, no hidden agendas—just data-driven clarity aligned with your best interests.

Start at niveshkaro.com today for expert guidance!

 

Frequently Asked Questions (FAQ)

Q: Is Max Life better than HDFC Life or ICICI Prudential for term insurance?

A: Max Life offers India's highest CSR at 99.51% (five-year track record) vs HDFC's 99.05% and ICICI's 99.45%, lowest premiums (Rs.6,450 vs Rs.6,828 vs Rs.7,140 for 30-year-old), and fastest claims (3-4 days). Choose Max Life for best combination of cost + claim certainty.

Q: What is Max Life's claim settlement ratio in 2026?

A: Max Life reported 99.51% CSR for FY 2024-25 per IRDAI data—settling 10,794 of 10,847 claims, India's highest for the fifth consecutive year. Only 53 rejections (0.49%). Average processing time is 3-4 days; Quick Claims settled within 48-72 hours.

Q: Can I buy Max Life insurance online without an agent?

A: Yes. Smart Secure Plus term insurance and Smart Wealth Plan ULIP can be purchased 100% online through maxlifeinsurance.com without agent involvement. Instant policy issuance—policy document emailed within 5-10 minutes for eligible applicants under 45 with covers up to Rs.2 crore.

Q: Why is Max Life's claim settlement ratio consistently highest in India?

A: Max Life's underwriting is more thorough upfront (detailed medical questions, tele-underwriting for higher covers), reducing post-claim disputes. Their "customer-first" culture prioritizes claim approval over rejection. Five-year 99.5%+ track record proves it's systematic excellence, not luck.

Q: Should I buy Max Life guaranteed plan or bank FDs?

A: Max Life Smart Wealth Advantage offers 6.8-7% guaranteed returns vs bank FDs at 6.5-7%, plus life cover and tax-free maturity under Section 10(10D). FDs offer higher liquidity. Choose Max Life for 10+ year goals with life cover; FDs for emergency corpus.

Q: What is Max Life's solvency ratio in 2025?

A: Max Life's solvency ratio is 2.14 as of Q3 FY 2024-25, well above IRDAI's minimum of 1.50. Strong financial health backed by Axis Bank—holds Rs.2.14 in assets for every Rs.1 of policyholder liability, ensuring robust claim-paying ability and growth capital.

Q: Do Axis Bank customers get special benefits for Max Life insurance?

A: Yes. Axis Bank account holders get 2% premium discounts, seamless auto-debit facility, faster underwriting (bank KYC leveraged), integrated policy view on Axis Mobile app, instant policy loans to bank account, and preferential customer service at Axis Bank branches.

 

About NiveshKaro.com & Disclaimer

NiveshKaro.com is a free, zero-commission platform connecting you with unbiased, certified financial advisors (IRDAI/SEBI/AMFI registered) for life insurance decisions. We don't sell products or handle claims—just expert guidance to empower your choices. Verify details independently; see Terms & Conditions. Start at niveshkaro.com today!

Disclaimer: All premium figures, CSR data, and financial metrics are indicative, based on publicly available IRDAI reports and Max Life disclosures as of December 2025. Actual premiums depend on age, health, medical history, sum assured, and underwriting. Product features and charges are subject to change—verify directly with Max Life or authorized advisors before purchase. This article is for educational purposes only and does not constitute financial advice. Consult IRDAI/SEBI-certified advisors for personalized recommendations.

College education which is the most critical juncture of a child’s life is the defining phase that will shape their future. Therefore, it is essential that you start planning for your child’s professional education at the earliest, as the earlier you start, the better it will be towards meeting the needs of your child’s higher education. As a proud parent you want to see your child succeed and achieve all his dreams. However, life is full of uncertainties and as a parent, a lot depends on you to empower your children achieve all of their dreams.

We, at Max Life Insurance, understand your responsibility towards your child and present to you Max Life Future Genius Education Plan - a plan that ensures your child has a financially secure future and gets the very best college education experience to embark on a journey of glorious career even in your absence.

So go ahead and find out more about Max Life Future Genius Education Plan

KEY FEATURES & BENEFITS OF MAX LIFE FUTURE GENIUS EDUCATION PLAN

This product offers you:

• Guaranteed Moneybacks
The product offers four guaranteed moneybacks payable annually in the last four years of policy term. Each guaranteed moneyback is equal to 25% of Sum Assured thus helping you plan financially for your child’s future college education expenses.

• Maturity Benefit
The accrued Paid Up Additions (if declared) and Terminal Bonus (if declared) are payable at the end of Policy Term to provide for a seed capital or to ensure financial planning for higher studies.

• Complete financial security in case of death
The product offers comprehensive Death Benefit coverage as below: -
A) Death Benefit - The product offers Death Benefit to the nominee in case of death of Life Insured. The nominee is offered settlement options under which he/she can choose to take Death Benefit in any one of the following ways: -
a) Lump Sum Death Benefit option: Nominee can choose to take the Death Benefit as Lumpsum payable immediately
b) Monthly Income Death Benefit option: Nominee can choose to take the Death Benefit as income equal to 1% of Death Benefit payable monthly for 135 months starting from the month following the death of Life Insured.
B) Policy Continuance Benefit – In addition to Death Benefit, all future premiums will be waived and all benefits, that is, Moneyback Benefits& Maturity Benefits are paid to your beneficiary as and when due, thus, ensuring that your dream for your child’s future is taken care of even in your absence.

 

• Customize the product as per your need
The product offers you the freedom to choose your own policy term. Now, you can plan for your child’s needs by choosing any policy term from 13 years to 21 years. You also have an option of two premium payment terms to choose from:
a) 8 years fixed premium payment term;
b) ii) Policy Term less three (3) years.

• Flexibility to time your moneybacks through deferment or discounting option
This unique feature allows you to customize the timing of your moneybacks and take them during the last three (3) policy years as per your need, thus ensuring that you are not constrained by the choice that you made years ago.

• Tax Benefit
Tax benefits apply to the premiums paid and benefits received by you as per the prevailing tax laws.

• Enhanced protection through Riders
The product offers additional rider(s) that can be taken with the policy to provide for additional protection as per your need.

REASONS YOU SHOULD BUY THIS PLAN:

• Fulfill your child's higher education needs

• Make your child’s dream wedding plans come true

• Provide financial security to your child during emergencies

 

 

 

 

https://www.maxlifeinsurance.com/content/dam/corporate/Brochures/child-plans/English/Future-genius-education-plan/max-FGEP-leaflet.pdf,

 

Today, in the prime years of your life, you are working hard to give your loved ones the best lifestyle. When you are enjoying all the comforts that life has to offer, are you sure that you will be able to maintain your family's lifestyle, post retirement?

Introducing the Max Life Forever Young Pension Plan which offers the benefit of equity participation to create a large retirement corpus as well as a guarantee to protect your savings from market downturns. It also provides additional benefits for protecting your family against unexpected events so that you and your loved ones can live life on their own terms.

Max Life Forever Young Pension Plan offers the following benefits:

• Guaranteed Vesting Benefit of higher of Fund Value or 101% of all premiums paid including top up premiums(exclusive of rider charge, if any), if you have opted for the Pension Maximiser Option and 110% of all premiums paid including top up premiums(exclusive of rider charge, if any) if you have opted for the Pension Preserver Option will be available for vesting of policy

• Option to choose vesting age as per your requirement

• Guaranteed Loyalty Additions will be added to the fund, starting 11th year

• Option to guarantee retirement benefits for your spouse in the unfortunate event of your death, if you have opted for Max Life Partner Care Rider

• Option to save more tomorrow to increase your retirement corpus through top-up premiums in later years

 

 

IN THE UNIT LINKED POLICY, THE INVESTMENT RISK IN THE INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER.

 

LIFE INSURANCE COVERAGE IS AVAILABLE IN THIS PRODUCT. APPLICABLE TAXES, CESSES, AND LEVIES AS IMPOSED BY THE GOVERNMENT FROM TIME TO TIME WILL BE DEDUCTED FROM THE PREMIUMS RECEIVED
Please Note: Unit Linked Insurance Products do not offer any liquidity during the first five years of the contract. The Policyholder will not be able to withdraw the money invested in Linked Insurance Products completely or partially till the completion of the fifth policy year.

 

 

https://www.maxlifeinsurance.com/content/dam/corporate/Brochures/Retirement-plans/English/Forever-young-pension-plan/max-life-forever-young-pension-plan-prospectus.pdf,

The policy holder (who will also be life insured) must have a child (self or legally adopted) between 0 days to 18 years of age to propose for the plan

As a parent, you want to provide the best education to your children. With the rising cost of education, you need a savings plan, designed to provide sufficient funding at major educational milestones and take care of your child's future, even if you are not around.

Introducing Max Life SHIKSHA PLUS SUPER Product that helps you plan your child's education by providing many options and lets you decide how you want to increase your savings and secure your future at the same time Want to.

Max Life Shiksha Plus Super offers the following benefits:

• Comprehensive life insurance coverage, including family income benefits and future premium funding in case of    your death

• You can choose the policy term and premium payment period to set your important milestone

• Choice of 6 (six) funds for investors with different risk appetite

• Systematic fund transfer and dynamic fund allocation system to protect your investment against market             fluctuations.

• Flexibility to make partial withdrawals to meet unplanned expenses

 

REASONS YOU SHOULD GET THIS PLAN

• It offers insurance with the flexibility to invest in the equity market with multiple fund options

• Financial protection for your child during an emergency

• Funds to meet your child's higher education costs and future expenses

 

 

IN THIS POLICY, THE INVESTMENT RISK IN THE INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER.

 

 

 

 

https://www.maxlifeinsurance.com/content/dam/corporate/Brochures/child-plans/English/Shiksha-plus-super-plan/max-life-shiksha-plus-super-prospectus.pdf,

You have always tried to give the best life to your family and ensure that they fulfill their dreams. However, in your heart, you may still feel uncertain about their future, especially if something was going to happen to you. Is your family able to maintain the same lifestyle even in your absence? Max Life Insurance offers a smart term plan to calm all your fears and give you mental peace. What is Max Life Smart Term Plan, you ask

Well, the Max Life Smart Term Plan (a non-linked non-participating individual pure risk premium life insurance plan, UIN: 104N113V04) is a comprehensive security solution that can be personalized for you and your loved ones at an affordable price.

Why pay for benefits that do not meet your needs - A smart term plan from Max Life Insurance gives you the freedom to design your insurance plan that meets all your safety (security) needs.

Take a look at the main features of the Max Life Smart Term Plan below.

Benefits of Max Life Smart Term Plan

Everyone's needs vary, and with the wider set of options available under the Max Life Smart Term Plan, you can customize your term plan. Benefits / Options are:

• 7 death benefit variants

• Many premium payment options

• Longer coverage period (coverage up to 85 years of age)

• Accelerated payment on diagnosis of listed 40 critical illnesses

• Accident Cover Options

• Premium Back Option

• Health coverage through riders / add-ons

• Add life stage on the Sum Assured option

• Tax benefits