Max Life Online Term Plan Insurance |2020 updated| hindi after lockdown




Death Benefit Option 1 – Sum Assured: 100% Sum Assured is payable as the lump sum amount to the nominee upon the death of the life insured
Death Benefit Option 2 – Sum assured + Level Monthly Income: 100% of the chosen Sum Assured on death + 0.4% of the Policy Sum Assured per month for a period of 10 years. Thus, effective total death benefit including Monthly Incomes – 148% of Sum Assured.
Death Benefit Option 3 – Sum assured + Increasing Monthly Income: 100% of the chosen Sum Assured on death + Increasing Monthly Income for 10 years, wherein the first year monthly income shall be 0.4% of the Policy Sum Assured and shall increase every year by 10% p.a. (simple interest) of the first year’s monthly income.

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