Max Life Smart Secure Plus Plan Overview

As the cost of living continues to rise rapidly, it’s now become more important than ever to plan for contingencies. Purchasing an insurance plan that can cover you in case of an unfortunate demise can give you peace of mind.

 

The Max Life Smart Secure Plus Plan (UIN - 104N118V06) is one such plan that’s thoughtfully curated to offer financial security in the wake of an emergency. It comes with two death benefits, terminal illness cover and special exit benefit.

 

You can also choose to add optional benefits such as premium breaks, joint life cover, additional payout on accidental death, etc. to make sure that you and your family are sufficiently protected.

Features Of Max Life Smart Secure Plus Plan

Here are some of the features of the Max Life Smart Secure Plus Plan:

1. Return of Premium

With this feature under the Max Life Smart Secure Plus Plan, you will receive 100% of the total premium paid in case you survive the policy plan. If you’re on the lookout for a plan that offers assured payout at the end of the policy term, this plan may work well for you,

2. Premium Break

This unique feature of the Max Life Smart Secure Plus Plan allows you to take a break from paying premium once the plan reaches the ten-year mark. This option is available to policyholders whose policy term is greater than 30 years and premium payment term greater than 21 years. When you take the premium break, your policy will still be functional and offer coverage.

3. Voluntary Sum Assured Top-Up

This scheme allows you to increase your sum assured after completing one year in the policy. You can increase the cover up to 100% of the base sum assured if your sum assured is equal to or greater than ₹50 Lakhs.

4. Special Exit Value

Max Life Smart Secure Plus Plan offers you a special one-time option to exit the policy plan with an exit benefit. You will get the option to receive premiums paid when you exit. This will also include underwriting, any extra premiums paid as well as loading for modal premiums, wherever applicable.

Benefits Of Max Life Smart Secure Plus Plan

Here are some of the benefits offered by the Max Life Smart Secure Plus Plan:

1. Death Benefit

The Death Benefit ensures that your family is protected financially in the event of an unfortunate demise. You can choose between two options that are offered by Max Life Smart Secure Plus Plan - Life Cover or Increasing Life Cover. Apart from offering you a number of variants to choose from, this plan also allows you to customise your sum assured to ensure that it’s adequate for your family.

2. Terminal Illness Cover

This benefit ensures that you receive financial compensation in case you receive a diagnosis for any of the specified terminal illnesses. Should such an event occur, you will receive a hundred per cent of the death benefit (maximum of ₹1 Crore).

3. Maturity Benefit

In case you choose the ‘return of premium’ option, you will be eligible to receive a payout in case you survive the plan. This payment will be equivalent to the total premium paid by you during the policy period.

4. Accident Cover

With this benefit, in case you are met with an accident that claims your life, then your family will receive the cover amount along with the base cover.

5. Accelerated Critical Illness

With this cover, you will be entitled to receive a cover amount in case you are diagnosed with any of the specified 40 critical illnesses.

6. Joint Life Benefit

This benefit is ideal for you if you’re on the lookout for a policy plan that will protect your spouse financially after you. Under this benefit, both you and your spouse will be eligible to receive financial compensation in case of an unfortunate event.

7. Riders

Under the Max Life Smart Secure Plus Plan, you may add riders to make your policy even more effective. These riders include critical illness cover (CIDR) and premium plus rider waiver.

Why Choose Max Life Smart Secure Plus Plan?

As inflation continues to rise rapidly, just saving for the future does not suffice. So, it’s important to look into comprehensive insurance and investment plans that protect you and your family in case of any unfortunate event. The Max Life Smart Secure Plus Plan is one such plan that offers all-round protection and helps ensure that your family is financially secure in case of unexpected events. Let’s take a closer look at why Max Life Smart Secure Plus Plan may be right for you:

1. Comprehensive Financial Security

Max Life Smart Secure Plus Plan offers comprehensive financial protection to you and your family. It offers death benefit, special exit options, joint life benefit and much more to ensure that you and your family are secured against unforeseen events. Additionally, the plan is highly customisable which makes it easy for you to tailor it as per your needs.

2. Health Component

The Max Life Smart Secure Plus Plan comes with added health covers such as the terminal illness cover. This covers entitles you for financial compensation in case you are diagnosed with the specified diseases.

3. Flexibility of Claims Payout

In case of an untimely death, the beneficiary can tailor the payout frequency according to their needs. They can go for a lump sum payout, regular payouts or a combination of the two.

Inclusions and Exclusions of Max Life Smart Secure Plus Plan

Here are some of the exclusions and inclusions of the Max Life Smart Secure Plus Plan:

How To Make A Claim Under Smart Secure Plus Plan

You may submit your claim by:

 

• Getting in touch with your agent advisor

• Visiting your nearest Max Life Insurance office

• Writing to Max Life Insurance at claims.support@maxlifeinsurance.com

• Sending a mail to this address:

   

Max Life Insurance Operations Centre Claims Department,

 

Max Life Insurance Company

 

Operations center, - 2nd floor

 

90C, Sector 18, Udyog Vihar,

 

Gurgaon-122015, India