Max Life Insurance Company Limited
Max Life Smart Secure Plus Plan
UIN 104N118V06We don't sell this — we'll still recommend if it fits
The dealbreaker fields (term life)
Sum assured (max)
—
Claim settlement (CSR)
99.3%
Claims TAT
[object Object] days
Suicide exclusion
12 months
Payout options
Level Cover Option · Increasing Cover Option
Premium payment
Single · Limited · Regular +1
Policy term
10–67 yrs
Surrender value
no
Free look
15 days
What this plan does well
- Pay Till 60 variant — premium payment ends at age 60 (DISTINCTIVE)
- Increasing Cover Option — 5% per annum, max 200% of SA
- ACI Benefit + ADB + Joint Life + Premium Break + Voluntary Top-up — 6 additional options
- Reduced Paid-Up Mode — paid-up SA + maturity + surrender (industry standard for term)
- Modal factors 0.088 monthly (industry-standard non-annual cost amplifier)
- Limited Pay PPTs: 5/10/12/15 years
- Premium Break Option — pause premium during PPT
- Voluntary SA Top-up — increase SA without medical exam
Watch out for
- Free Look 15 days for direct purchase (LIC + HDFC C2P Super offer 30)
- 10x Annualised Premium minimum (vs Bharti AXA Premier Protect 11x)
- ACI Premium guaranteed only 5 years then revisable (DEALBREAKER unpredictability)
- Regular Premium has NO Surrender Value
- PED definition 48 months pre-policy (longer than industry baseline 36)
- Max Life CSR ~99.3% — strong but not highest
Is this the right plan for you?
Run the 30-second cover calculator. We'll tell you whether this plan, or a different one, is the better fit.
Find my right cover →We don't directly sell this plan today. If our verdict says this is your best fit, we'll point you to a broker who does — and tell you our paired listed alternative so you can decide.