Max Life Super Term Plan

Max Life Super Term Plan

Max Life Super Term plan protects your family financially in your absence and helps to cope with increasing inflation through its increasing life cover option. Under this option, the life cover increases by 5% every year till the end of the policy term, and that too without any increase in the premium. This ensures that your family will be able to manage their increasing expenses.

Max Life Super Term Plan Features

  • Max Life Super Term Plan is a complete protection plan for your family’s financial future security at affordable rates.
  • With its increasing life cover option, it helps to manage the growing inflation, and the sum assured keeps on increasing without any change in the premium rate.
  • This plan offers low premium rates for non-smokers.
  • For females also, Max Life Super Term Plan offers lower premium rates.
  • It gives you the option to choose the payout benefit as a lump sum or lump sum plus increasing monthly income as per your requirement.

Max Life Super Term Plan Details

Plan Details Description
Premium Payment Term & Modes You can pay premium – yearly, half-yearly, quarterly, and monthly premium payment modes.
Policy Tenure Minimum Policy Tenure: 10 years
Maximum Policy Tenure: 35 years
Premium Minimum Premium – Rs. 5,000 p.a. (this excludes the rider premiums, underwriting extra premium, loading for modal premium, taxes applicable, and cesses or levies if any).
Maximum Premium – No limit (subject to the limits determined in accordance with board-approved underwriting policy of the Company).
Sum Assured Minimum Sum Assured – Rs 25 lakhs (subject to in accordance with minimum premium limits).
Maximum Sum Assured – No limit (subject to the limits determined in accordance with board-approved underwriting policy of the Company).

Why should you choose the Max Life Super Term Plan?

  • To fulfill your family’s requirements in your absence.
  • To help them manage the increasing inflation price with the increasing life cover option.
  • To give a comprehensive life cover to your family at affordable rates.
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