Smart Secure Plus Max Life Insurance
Max Life Smart Secure Plus Plan is a non-Linked and Non-Participating Individual Pure Risk Premium Life Insurance Plan. The plan is designed specifically to fulfil the financial requirements of individuals along with offering them a reliable support system to face contingencies. The option of terminal illness cover and an exit value benefit are added advantages of the Max Life Smart Secure Plus plan.
Highlights Max Life Smart Secure Plus
Claim settlement Ratio: 99.65%
Tax Benefits: Available as per prevailing tax laws
Critical Illness Coverage: Available
Accidental death benefit: Available
Pros & Cons Max Life Smart Secure Plus
Quick Answers to all Life Insurance Questions
Max Life
Insurance Company
Established in 2000, Max Life Insurance Company is a joint venture between Max India Limited and Axis Bank. The company was formerly named Max New York Life Insurance Company Limited. It is the largest non-banking private-sector insurance company in India. It is a part of Max India Limited Group and a subsidiary company of Max Financial Services.
Max Life Insurance is amongst the foremost formed life insurance companies in India. It provides long-term protection, retirement, and savings plans through its multi-channel distribution and agency partners. Max Life Insurance has recently introduced comprehensive riders to provide financial protection against disease, death, and disability.
Claims Experience
% of claims settled in less than 30 days Reflects on the speed of settling valid claims
% of Complaints received on overall claims % customers unhappy with claims experience
Claim Settlement Ratio (No. of claims) What % of the claims received were paid?
Benefits of Max Life Smart Secure Plus
| Key Benefits | |
| Death benefit |
Secure family’s financial future. |
| Terminal illness cover |
Pays death benefit. |
| Maturity benefit |
Maturity returns total premiums. |
| Accident cover |
Accidental cover with base. |
| Other Benefits | |
| Accelerated critical illness |
Cover for 40 critical illnesses. |
| Joint life benefit |
Spouse life coverage policy. |
| Rider benefit |
Premium Waiver, CIDR. |
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Single or regular pay can be used to make the premium payment under this plan. Further, the insured can choose to pay through limited pay as specified under the policy term. The frequency of the premium payment can be yearly, half-yearly, quarterly, or monthly.
The base premium amount paid during a year chosen by the insured as per the policy period and sum assured is called Annualised Premium.
The minimum entry age for the plan is 18 years, while the maximum age limit is 65 years.
Claim Settlement Ratio of the Max Life Insurance plan is 99.34%
The premium break option under the plan allows the insured to opt for a break from paying premiums, while remaining covered. This option can be availed by the insured twice during the duration of premium payment.