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Introduction/Overview
Max Life Online Term Plan Life Cover + Monthly income is a pure term plan available through the companys website which takes care of the protection needs by providing high coverages at minimal costs. The plan also provides for level monthly incomes post the policyholders death to support the familys financial requirements. Key Features It is a pure term insurance plan with regular pay premium paying options Easy and hassle-free application process
Product Specification
Details About Premium Annual premium in Rupees for a SA of 50 lakhs and 20 year term Policy Details Grace Period: 30 days grace period is allowed for payment of premium Policy Termination or Surrender Benefit: there is no surrender value under the plan Free Look Period: If you would not be pleased with the coverage, and terms and conditions of the policy, you have the option of canceling the policy within 30 days of receipt of the policy documents, provided there has been no claim. Additional Features or Riders Max Life Comprehensive Accident Benefit Rider is available for comprehensive coverage Premium discounts are given for non-smokers Rebates for choosing high Sum Assured levels Female lives are offered lower premium rates Exclusions In case of suicide committed within 12 months of policy inception or revival only total premiums paid are returned to the nominee.
Benefits
The nominee gets the Sum Assured on death of the policyholder Level Monthly Incomes @ 0.4% of the Sum Assured is paid for 10 years post the policyholders death Income tax benefit on the premium paid as per Section 80C and on the claims received as per Section 10(10D) of the Income Tax Act.
Documents Required
Policyholder has to fill up an `Application form/ proposal form online and provide self-attested copies of KYC/AML Documents. SBI General Personal Accident
Introduction/Overview
Max Life Online Term Plan Life Cover + Monthly income is a pure term plan available through the companys website which takes care of the protection needs by providing high coverages at minimal costs. The plan also provides for level monthly incomes post the policyholders death to support the familys financial requirements. Key Features It is a pure term insurance plan with regular pay premium paying options Easy and hassle-free application process
Product Specification
Details About Premium Annual premium in Rupees for a SA of 50 lakhs and 20 year term Policy Details Grace Period: 30 days grace period is allowed for payment of premium Policy Termination or Surrender Benefit: there is no surrender value under the plan Free Look Period: If you would not be pleased with the coverage, and terms and conditions of the policy, you have the option of canceling the policy within 30 days of receipt of the policy documents, provided there has been no claim. Additional Features or Riders Max Life Comprehensive Accident Benefit Rider is available for comprehensive coverage Premium discounts are given for non-smokers Rebates for choosing high Sum Assured levels Female lives are offered lower premium rates Exclusions In case of suicide committed within 12 months of policy inception or revival only total premiums paid are returned to the nominee.
Benefits
The nominee gets the Sum Assured on death of the policyholder Level Monthly Incomes @ 0.4% of the Sum Assured is paid for 10 years post the policyholders death Income tax benefit on the premium paid as per Section 80C and on the claims received as per Section 10(10D) of the Income Tax Act.
Documents Required
Policyholder has to fill up an `Application form/ proposal form online and provide self-attested copies of KYC/AML Documents. SBI General Personal Accident