Max life Insurance plans

Max Life Term Insurance with Return of Premium

Term insurance with ROP feature (available on payment of additional premium) also offers benefits such as waiver of premium benefit, accidental death benefit, disability benefit, and protection against critical illnesses.

Max Life Term Life Insurance Review

Max Life Term Life Insurance
Distribution - Number of branches pan India (March 2019)
Entry Age Minimum/Maximum (Years)
18 / 60
Sum Assured Minimum / Maximum
10 lacs / Unlimited
Policy Term Minimum / Maximum (Years)
10 / 50
Solvency Ratio (FY 2018-19) *
Number of Policies Sold (Ind+Group) **
Number of Lives Covered (Ind+Group) **
Claims Settlement Ratio (Ind+Group) ***
* - As per IRDAI data 2018-19 - The solvency ratio of an insurance company is the size of its capital relative to all the risk it has taken, which is all liabilities subtracted from total assets. In other words, solvency is a measurement of how much the company has in assets versus how much it owes.
** - as per L-25 Public Disclosure of Insurance Companies for 2019-20   |   *** - Claims Settlement Ratio = Claims Settled in the year / Claims Reported in the year - as per IRDAI data published

Eligibility criteria of Term Insurance with Return of Premium

  Minimum Maximum
Entry Age 21 years 55 years
Maximum maturity Age   75 years
Policy Term 20, 25, 30 years
Premium Payment Term 11 years
Annual Premium Rs.8,500 Rs. 4,44,000
Sum Assured Rs. 5,00,000 Rs. 1 crore
Payment modes Annual, half-yearly, quarterly, monthly


Review Max Life Insurance Term Plan with Return of Premium brochure to understand coverage details.

Know more »

Policy wordings

Review Max Life Insurance Term Plan with Return of Premium policy wordings which explains the terms and conditions.

Know more »

Search for Max Life Term insurance

CIN: U66000KA2018PTC117713 | IRDAI Web aggregator License Code Number: IRDAI / INT / WBA /53/ 2018, Valid till 07/08/2025