Max Life Smart Secure Plus Plan
Max Life Smart Secure Plus Plan is a term insurance plan offered by Max Life. With its help, you can get help in securing your family financially. Max Life Smart Secure Plus Plan comes out as a smart term insurance plan to meet the requirements of all your financial needs and in case of emergencies.
Max Life Smart Secure Plus Plan has been designed in a manner to cover all the needs of an individual’s financial needs. You get two death benefits in this term insurance plan. You also get terminal illness cover and a special exit value benefit.
You are also provided with many additional benefits in this term insurance plan. In this, you get many benefits like joint life cover, premium break, additional payment on accidental death.
With the help of Max Life Smart Secure Plus Plan, you can easily meet your term insurance plan needs. Along with this, you also get the option of refund of your premium in this plan. In this you are also provided with tax benefits.
Features Of Max Life Smart Secure Plus Plan
Features of Max Life Smart Secure Plus Plan are as follows-
- Return of Premium:
You can get your premium back in Max Life Smart Secure Plus Plan. However, in a term insurance plan, the premium paid by you is not refunded at the end of the policy term. But Max Life also provides you the option of return of your premium. Through this, you not only get the benefit of a term insurance till the policy term, but also get back all the premiums paid after the end of the policy term. Thus you do not pay anything for a term insurance.
- Premium Break:
In Max Life Smart Secure Plus plan you get a special feature of premium break. Under this, you can take a break from paying the premium after 10 years of your policy. You can avail this facility twice.
- Special Exit Value:
In Max Life Smart Secure Plus plan, you get the option to exit the policy with the return of your premium. If you want to exit from your policy, you can exit from this policy by receiving the premiums you have paid. To avail this facility, your policy term should be 40 years or more.
- Voluntary Sum Assured Top-Up:
In Max Life Smart Secure Plus plan you get the facility of Voluntary Sum Assured Top-up. In this, you can increase your Sum Assured during the policy term, as and when you need. In this, you get the option of increasing the cover up to 100% of your Basic Sum Assured. To get the benefit of this facility, the minimum payment term should be 5 years and the minimum policy term should be 10 years.
- Free Look Period:
In Max Life Smart Secure Plus Plan, you get a free-look period of 15 to 30 days. If you are not satisfied with the policy, you can choose to exit the policy within the free-look period. If you exit the policy, the premium paid by you is returned. Some charges like medical checkup charges, stamp duty charges etc. are deducted from this.
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Benefits Of Max Life Smart Secure Plus Plan
The following are the benefits of Max Life Smart Secure Plus Plan :
- Death Benefit:
In Max Life Smart Secure Plus Plan, you get a minimum sum assured of Rs 20 lakh while no limit has been set for the maximum sum assured. If there is an accidental death of the life assured during the policy term then he is provided with the sum assured as death benefit. Through this term plan, you can get the benefit of maximum coverage at minimum premium.
- Terminal Illness Cover:
In Max Life Smart Secure Plus plan, you get terminal illness coverage. If you are diagnosed with a terminal illness, you will be provided 100% of the Guaranteed Death Benefit up to death for its treatment. It can be up to a maximum of Rs 1 crore.
- Maturity Benefit:
In a term insurance plan, you are not provided with any benefit at the end of the policy term. But in Max Life Smart Secure Plus plan you also get the option to return the premium paid at the end of the policy term. Through this you can get back all your paid premiums on the expiry of the policy.
- Accident Cover:
In a term insurance plan, you are not provided with any benefit at the end of the policy term. But in Max Life Smart Secure Plus plan you also get the option to return the premium paid at the end of the policy term. Through this you can get back all your paid premiums on the expiry of the policy.
- Accelerated Critical Illness:
In this, you also get Accelerated Critical Illness benefit. In this, in case of diagnosis of any of the 40 specified critical illnesses, you are provided with a cover of the sum assured.
- Joint Life Benefit:
You also get the option of joint life cover in Max Life Smart Secure Plus plan. You can also add your life partner to your term plan.
- Riders:
You also get the option of adding riders to the Max Life Smart Secure Plus plan. In this, you get the option to add riders like Waiver of Premium Plus Rider, Critical Illness Cover at an additional premium.
- Tax Benefit:
You can also avail tax benefits in Max Life Smart Secure Plus Plan. In this, you get a tax exemption of up to 1.5 lakhs on the premium paid under Section 80C of the Income Tax Act 1961. You can get tax benefits under section 10 (10D) of the Income Tax Act, 1961 on the death benefit received.
Max Life Smart Secure Plus Plan Eligibility
Eligibility for Max Life Smart Secure Plus Plan is as follows-
- Minimum Entry Age- 18 Years
- Maximum Age – 65 Years
Documents Required For Max Life Smart Secure Plus Plan
The documents required for Max Life Smart Secure Plus Plan are as follows-
- medical report
- Photo
- Accommodation quantity
- identity proof
- age proof
- Income rat
Max Life Smart Secure Plus Plan Premium
In Max Life Smart Secure Plus Plan, you get several premium payment options. You can choose to pay premiums for your term plan in the form of Single Pay, Regular Pay or Limited Pay.
- single payment
- regular payment
- limited payment
You get the option of paying monthly, quarterly, half-yearly, annually as the frequency of your premium payment.
- monthly
- quarterly
- half yearly
- annual
How To Buy Max Life Smart Secure Plus Plan?
You can buy Max Life Smart Secure Plus Plan as per your convenience through both online and offline means.
To buy through online you have to visit the official website of Max Life. By visiting the official website, you have to go to Term Insurance Plans and click on Max Life Smart Secure Plus Plan. After this you will see the option to buy this term plan there. You can buy your Max Life Smart Secure Plus plan in easy steps by clicking on that button.
If you do not want to buy Max Life Smart Secure Plus Plan through online medium, then you can also buy it through offline medium. For this you agents. Can take help of brokers.