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Max Life Insurance

Updated on May 18, 2022 , 15425 views

Max Life Insurance Company Ltd. is a joint endeavor between Max India Comp Limited and Mitsui Sumitomo insurance Co. Ltd. Max Life Insurance is one of most sought after life Insurance companies in India. Max Life insurance plans are termed to be the among the best-crafted plans in the insurance Market.

Max-Life-Insurance

The company offers comprehensive Term Insurance plans for long-term term savings, life cover and retirement. MaxLife Insurance term plans offer superior insurance as well as investment options. MaxLife has a healthy claim settlement ratio of 96.23%. The company is consistently ranked among the top private life insurance companies in India.

Why Choose Max Life?

Here are some of the numbers which speak about Max Life Insurance's accomplishments:

Key Accomplishments
Claims Paid Percentage 99.35% (Source : Max life annual audited financials FY 20-21)
Max Life Presence 277 Offices (Source : As reported to IRDAI, FY 20-21)
Sum Assured ₹1,087,987 Cr. In force (individual) (Source : Max Life Public disclosure, FY 20-21)
Assets Under Management ₹90,407 Cr. (Source : Max Life Public disclosure, FY 20-21)

MaxLife Insurance Plans

Max Life Term Plans (Savings)

  • Max Life Guaranteed Income Plan
  • Max Life Life Gain Premier
  • Max Life whole life Super
  • Max Life Future Secure II (non-linked, limited pay endowment, participating life insurance plan.)

Max Life Growth/ULIP Plans

  • Max Life Fast Track Super Plan
  • Max Life Platinum Wealth Plan
  • Max Life Maxi Super

Max Life Group Plans

  • Max Life Group Gratuity Premier Plan
  • Max Life Group Super Life Premier
  • Max Life Group Credit Life Secure
  • Max Life Group Super Life Premier Plan in lieu of EDLI

Max Life Child Plans

  • Max Life Shiksha Plus Super

Max Life Retirement Plans

  • Max Life Forever Young Pension Plan
  • Max Life Life Perfect Partner Income Plan
  • Max Life Guaranteed Lifetime Income Plan

Max Life Online Term Plans

  • Basic Life Cover
  • Life Cover Increasing Monthly Income
  • Life Cover Monthly Income

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Max Life Insurance Online

Max Life Insurance online term plans give you all the information regarding the insurance plan and life cover that you are looking for. Also, Max Insurance premiums are designed in an affordable manner for the customers. One can make the MaxLife premium payment online on its website portal. Also, Max Life Insurance customer care department is always ready to help you in case of any queries.

Max Life Insurance Customer Care Service

  • Online Sales Helpline

    0124 648 8900 - (09:00 AM to 09:00 PM Monday to Saturday)

  • Email

    online@maxlifeinsurance.com

  • SMS

    SMS 'LIFE' to 5616188

  • Customer Service Helpline

    1860 120 5577 - (9:00 AM to 6:00 PM Monday to Saturday)

  • NRI Helpdesk

    011-71025900; 011-61329950 (9:00 AM to 6:00 PM Monday to Saturday) nri.helpdesk@maxlifeinsurance.com

FAQs

1. What are the documents required for a death claim?

A: Mandatory documents required for a death claim are as follows:

  • Original policy documents
  • Original/attested copy of death certificate issued by the local municipal authority
  • Death Claim Application form (Form A)
  • NEFT mandate form attested by Bank authorities along with a cancelled cheque or bank account passbook
  • Nominee's photo identity proof such as a copy of Passport, PAN Card, Voter identity card, Aadhar (UID) card, etc.

2. What is the time frame to claim the report to the company?

A: It is advisable to intimate the claim at the earliest after death has occurred. In case of Dread Disease and Critical Illness claims, claim should be intimated only after the end of survival period (after 28/30 days of event occurrence).

3. What is the sum insured for COVID-19 Insurance?

A: The Corona Kavach insurance policy allows policy buyers to opt for a sum insured between Rs. 50,000 – Rs. 5,00,000. On the other hand, the Corona Rakshak insurance policy offers a Range of Rs. 50,000 – Rs. 2,50,000 for sum insured.

4. Can Coronavirus Insurance be added to an existing insurance policy?

A: Yes, the corona insurance policy is available as a rider that can be added to an existing insurance policy.

5. Who can buy Max Life NRI Insurance plan?

A: A citizen of India (holding a valid passport issued by Govt. of India) and temporarily residing in the country of his / her present residence can buy the plan.

Disclaimer:
All efforts have been made to ensure the information provided here is accurate. However, no guarantees are made regarding correctness of data. Please verify with scheme information document before making any investment.
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