Max Life Insurance Company Limited
Max Life Smart Total Elite Protection Term Plan
UIN 104N125V04We 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
Lumpsum · Monthly Income · Part Lumpsum + Part Monthly Income
Premium payment
Single Pay · Limited Pay · Regular Pay
Policy term
5–50 yrs
Surrender value
no
Free look
30 days
What this plan does well
- 40 Critical Illnesses covered under ACI — INDUSTRY LEADING count
- ₹2L INSTA PAYMENT within 1 working day of claim registration — DEALBREAKER ADVANTAGE
- Special Exit Value — get ALL PREMIUMS PAID back from 30th policy year onwards (excl. last 4 yrs)
- Cover Continuance Benefit — defer premiums up to 12 months without losing cover
- ₹1 Cr Terminal Illness Acceleration
- Max maturity 85 years — INDUSTRY LEADING
- Coverage up to age 85
- 3 Payout Options: Lumpsum / Monthly Income (10 yrs) / Part Lumpsum + Part Monthly Income (10% multiples)
Watch out for
- ACI Premium rates guaranteed only 5 years then revisable (industry standard but unpredictable)
- Special Exit Value not available in last 4 policy years (window restriction)
- Cover Continuance Benefit only after 3 policy years
- ACI NOT available with Single Pay or 5 Pay PPT
- ACI Angioplasty sub-limited to ₹5L
- 10x Annualised Premium minimum (vs Bharti AXA Premier Protect 11x)
- Regular Premium NO Surrender Value (industry standard)
- Premium for ACI ceases after ACI payout
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.