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14 Sep 2020

Max Life Insurance Review

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Max Insurance Company: Background and Overview-

Max Insurance Company is an Indian Insurance company, operating under Max Bupa Health Insurance Company Limited and Max Life Insurance Company Limited, with its headquarters in New Delhi, India. The company has several branches across the length and breadth of the country.
Max Bupa Health Insurance Company Limited is a joint venture between Max India Limited and Bupa whereas Max Life Insurance Company Limited is a joint venture between Max Financial Services and Mitsui Sumitomo Insurance Company.

Max Insurance Company provides a wide array of insurance-related services, ranging from Max Bupa Health Insurance, Max Life Insurance, Max Life Term insurance, etc.
Given below is the Max Life Insurance policy details as well as Max Bupa Health insurance policy details-

Max Insurance Company: Policies and schemes-

Before dwelling into the various insurance policies and schemes offered by Max Insurance Company, let us start by understanding what insurance is-
IInsurance is a formal contractual agreement between an Insurance Company (the insurer) and the individual applying for the insurance (the insured). The insured individual pays a monthly premium/ premium on a regular basis to the insurer, who in return promises to cover any potential financial losses, incurring in the future, upon arrival of the same. The sum insured can be covered as a whole (lump sum) or on a reimbursement basis.
Nowadays, Insurance schemes can also be purchased with a savings element attached to it.

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Max Insurance Company: Plans and Policies-

Max Insurance Company offers various schemes and policies for Indians such as Max Bupa Health Insurance, Max Life Insurance, Max Life Term insurance, etc. with the service of using max life insurance login to avail services online. For more details, one can contact the Max Life Insurance customer care number through their website.
A brief list of Max Insurance policies are given below. Max life insurance online payment for top-up, policy premium, outstanding loan and interest, and policy renewal can be done here.

Max Bupa Health Insurance schemes-

  • Health Premia- This policy provides coverage from Rs. 5 Lakhs all the way up to Rs. 3 crores, pre-hospitalization, and post-hospitalization expenses covered, maternity coverage as well as new-born baby covered.

  • Heartbeat- This policy provides coverage of Rs. 5 Lakhs all the way up to Rs. 1 crore, pre-hospitalization, and post-hospitalization expenses covered, maternity coverage as well as new-born baby covered.

  • GoActive™- This policy provides coverage of Rs. 4 Lakhs all the way up to Rs. 25 Lakhs, pre-hospitalization, and post-hospitalization expenses covered.

  • Money Saver- This policy provides coverage of Rs. 10.5 Lakhs all the way up to Rs. 1 Crores, pre-hospitalization, and post-hospitalization expenses covered, tax benefits under section 80D of the income tax act.

  • ReAssure – Family Health Insurance Plan- This policy provides coverage of Rs. 3 Lakhs all the way up to Rs. 1 crore, pre-hospitalization, and post-hospitalization expenses covered, tax benefits under section 80D of the income tax act.


Max Life Term insurance-

  • Max Life Smart Term Plan- This policy provides coverage up to Rs. 1 crore, coverage provided up to 85 years, plan offers multiple death benefit payout options.

  • Max Life Online Savings Plan- This policy is a Unit Linked Insurance Plan (ULIP) offering multiple sum assured options, premium options.

  • Max Line Online Term Plan Plus- This policy provides coverage for death, disability and diseases. Coverage provided up to Rs. 50 Lakhs against 40 specified critical illnesses.

Max Insurance company offers various plans and policies pertaining to Life Insurance and Health Insurance. Although it offers plans catering to a wide spectrum of customers, it could get quite hard to choose the best-suited policy for oneself.
More life insurance policy details, insurance calculators, max life insurance customer care number, max life insurance login info, max life insurance online payment modes, etc. can be found on their website.

On the other hand, North Loop comprehensive health and life insurance plans for Indians as well as NRIs around the world. North Loop offers a benefit of low premiums yet high coverage with the signup and approval procedure completely online, implying that North Loop is the ideal solution for you. Sign up here!

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This publication is provided for general information purposes only and is not intended to cover every aspect of the topics with which it deals. It is not intended be advice. You must obtain professional advice before taking, or refraining from, any action on the basis of the content in this publication. The information in this publication does not constitute legal, tax, investment or other professional advice from North Loop or its affiliates. We make no representations, warranties or guarantees, whether express or implied, that the content in the publication is accurate, complete or up to date. All opinions expressed do not reflect the views of North Loop nor are endorsed by North Loop.