MAX Life Premium Return Protection

A term plan that protects your family when you are not around and also gives money back when the plan period ends. This plan helps you secure your family against the uncertainties life throw against you. A term plan is one which gives only death benefits and does not provide any benefits on the survival of the policy holder till the end of the policy term.

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Key Features

  • Financial coverage at affordable cost
  • Guaranteed returns both on death and survival
  • Special premium rates for non-smokers
  • Limited policy pay term of 11 years

Benefits

  • Maturity benefit
On maturity the guaranteed sum assured on maturity is given to the life insured.
  • Death benefit
  • Sum assured, On the death of the life assured the sum assured is given to the nominee.
  • Death due to accidents, 150% of the sum assured is given to the nominee if the life insured dies due to accidents.

    • Am I eligible?

    PARAMETER MINIMUM MAXIMUM
    ENTRY AGE 21 55
    POLICY TERM 20 30
    AGE OF MATURITY - 75
    SUM ASSURED 5,00,000 1,00,00,000
    PAYMENT TERMS ANNUAL, SEMI-ANNUAL, QUARTERLY, MONTHLY

    What if?

    • I am unable to pay on time
    A grace period is provided based on the payment frequency. The policy is continued if you make the payment within the time period else the policy is lapsed.
    • I stop the payment
    If the premium payment is done for the first three years then death benefit is reduced as a percentage of the premiums paid and maturity benefit is the sum of the premiums paid.
    • I wish to take a loan
    Loan options are not available in this policy.

    Exclusions

    • If the life assured commits suicide then the money returned will be the amount of the premiums paid.