When life gives you lemons, make lemonade is a common phrase that best describes the unpleasant unexpected occurrences that life throws at you. As an achiever, you need to plan ahead and create a growth funnel that will enable your family to be financially strong even in your absence.

Max Life Insurance has devised the perfect plan to protect and secure the future of your family and take care of your loved ones. Instead of providing your family with a single lump sumon the demise of the breadwinner of the family, Max Life Insurance has designed a one-of-its-kind term planwith the option of three unique death benefit options.These options are available at an affordable price and the term plan will enable you to take care of your loved one’s needs and aspirations despite the rising costs and expenses.

The three options that the term plan includes are:

Max Life Online Term Plan Plus Basic Life Cover

Your family will be provided a protection plan with an assured lump. This ensures that your family will be able to sustain their current lifestyle when they receive the lump sum on the death of the policy holder. Instead of having to fill in endless paper work, you can now complete the process by filling the online forms.

 Max Life Online Term Plan Plus Life Cover + Monthly Income

This term plan allows for a lump sum and a monthly income to cover all liabilities and a continuous income for your family. There may be times when you ask yourself, if your family will have enough to support themselves on their own and whether they need another other sources of income to sustain them. With the Max Life Online Term Plan Plus, your family is assured a monthly income for 10 years in addition to the lump sum.

Max Life Online Term Plan Plus Life Cover + Increasing Monthly Income

The cost of living has increase exponentially over the past years and it will only get dearer in the years to come. With the Max Life Online Term Plan Plus, you can choose to ensure that your family is assured a lump sum and a monthly income for 10 years at a 10% simple rate of interest every year of the first year monthly income.

If you are still not convinced, here are some interesting statistics on Max Life Insurance and its term insurance plans:68% – 10-day claim settlement promise till FYTD Jun’16

1. 23% – Individual death claims paid in FY’16 (highest among private insurers)

2. INR 1648 crores paid out in claims till date 30th Jun 2016.

3. 85% – 13th Month Persistency (till date 30th Dec 2015)

4. INR 34,072 crores assets under management (till date 30th Dec 2015)

There are several options available in the market, but they would not give you the same options that term insurance plansthat are provided by Max Life Insurance. This is simply because you have the power to decide the type of policy that suits your family best and provides you with a security that services the requirements of your family’s future needs. With the three death benefit options, you can choose between the best term insurance plansbased on whether you are looking at an assured Lump sum or a lump sum with a monthly income option.#MaxLifeTermPlan

Max Life Insurance, one of the leading non-bank promoted private life insurers, is a joint venture between Max Financial Services Ltd. and Mitsui Sumitomo Insurance Co. Ltd. Max Financial Services Ltd. is part of the Max Group, which is a leading Indian multi-business corporation, while Mitsui Sumitomo Insurance is a member of MS&AD Insurance Group, which is amongst the leading general insurers in the world.

Disclaimer- Insurance is a subject matter of solicitation. The information provided in this website cannot substitute for the advice of a licensed professional. The information and data provided on this website is of a general nature and strictly for informational purposes. The  Website www.taxguru.in accepts no responsibility or liability for decisions based whatsoever with regard to the information on this website.

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