
Max Life Smart Secure Plus Plan
Max Life Insurance Company
Our Verdict
Max Life Smart Secure Plus shines with its Return of Premium and Premium Break features, alongside comprehensive riders and joint life options. This plan is ideal for individuals seeking flexible and robust long-term financial security with potential premium refunds.
About the Plan
Max Life Smart Secure Plus Plan is a non-linked, non-participating term plan offering customizable protection up to age 85. It provides flexible premium payments, level or increasing life cover, and optional benefits like accelerated critical illness, accident cover, and joint life option. Unique features include Premium Break, allowing temporary suspension of payments, and Return of Premium, refunding all premiums if the policyholder survives. The Special Exit Value enables early premium refunds, ensuring financial security and peace of mind for loved ones.
About the Plan
Eligibility
• Entry Age :
18 to 65 years
• Maximum Maturity Age :
85 years
• Policy Term :
5 to 67 years
• Minimum Sum Assured :
₹50,00,000
• Premium Payment Term :
Single, Limited, or Regular Pay
• Premium Payment Frequency :
Monthly, Half-Yearly, or Yearly
• Citizenship :
Indian residents and NRIs (subject to underwriting)
Eligibility
Features of the Product
Terminal Illness
Premium Payment Customizations
Return of Premium Variant
Special Exit Value
Death Benefit
Joint Life Option
Exclusions
Suicide within 12 months of policy inception or revival results in limited payout.
Death due to participation in hazardous activities like adventure sports may be excluded.
Pre-existing medical conditions not disclosed at policy issuance may lead to claim rejection.
Death due to alcohol or drug abuse may not be covered.
Involvement in criminal activities leading to death is excluded.
Death due to war, terrorism, or civil unrest may not be covered.
Self-inflicted injuries leading to death are not covered.
Exclusions
Accidental Death Benefit Rider - Provides an additional lump sum payout if the policyholder dies due to an accident, enhancing financial security for beneficiaries.
Critical Illness and Disability Rider - Offers a lump sum benefit upon diagnosis of specified critical illnesses or in case of total and permanent disability, helping manage medical expenses.
Waiver of Premium Plus Rider - Waives future premiums in case of critical illness, total permanent disability, or death of the policyholder, ensuring uninterrupted policy benefits.
Terminal Illness Benefit - Pays out a portion of the sum assured in advance if the insured is diagnosed with a terminal illness with a life expectancy of six months or less.
Joint Life Cover Option - Extends coverage to the spouse under the same policy, ensuring financial security for both partners.
Add-ons

If you are a woman
There will be a 3-year age setback over males’ rates for female lives for all premium payment terms except Pay till 60. Where the corresponding rate is not available, the lowest available premium rate for male will be used.

If you smoke
Lower premium rates for nonsmokers however, the Accident cover and Accelerated CI benefit premium rates do not vary by smoker status.
Note :
Suicide Clause : If suicide occurs within 12 months of policy start or revival, Smart Secure Plus refunds premiums paid, excluding taxes. For sum assured top-ups, only additional premiums are refunded, not the increased coverage amount.
Free look up period: The Max Life Smart Secure Plus Plan offers a free look period of 15 days from the date of receiving the policy document, allowing policyholders to review the terms and conditions. If the policy was sourced through distance marketing modes, this period extends to 30 days.
Grace Period: The plan offers a grace period of 30 days for premium payments, except for monthly mode, which has a 15-day grace period. During this time, coverage continues, but if the policyholder passes away, unpaid premiums are deducted from the benefits.
Still Confused ?
Why OneAssure?
We guide your loved ones every step of the way to ensure they receive the full benefit of their coverage.
About the Company
Axis Max Life Insurance is one of India’s leading private life insurance companies, established in 2000 as a joint venture between Max Financial Services Ltd. and Axis Bank Ltd. Known for its customer-centric approach, the company offers a wide range of life insurance products, including term plans, savings and investment plans, retirement solutions, child plans, and health insurance riders. Axis Max Life focuses on providing long-term financial protection and wealth creation opportunities, ensuring families remain financially secure during life’s uncertainties. With a high claim settlement ratio, tax benefits, and transparent policies, Axis Max Life has built a reputation for trust and reliability.
The Managing director and CEO of this reputed organization is Mr Prashanth Tripathy.