Max Life Saral Jeevan Bima, a Non Linked Non Participating Individual Pure Risk Premium Life Insurance Plan (UIN: 104N117V01) is a standard term insurance plan with simple and standard options.
This easy-to-understand pure term plan provides adequate protection to meet your life insurance needs.
THIS PLAN OFFERS :
Financial Security for the Family
Death Benefit is payable to the nominee in case of an unfortunate event during the policy term
Multiple Premium Payment Term options
Regular, Single and Limited Pay with 5 & 10 year options for a policy term of 5 to 40 years
Life Insurance Coverage up to 70 years of age
With Maximum Allowable Sum assured of up to Rs. 25,00,000 (only multiples of Rs. 50,000 allowed)
This Policy will cover death due to accident only during the Waiting Period of 45 days from the Date of Commencement of Risk.
In case of the death of the Life Assured other than due to accident during the Waiting Period, an amount equal to 100% of all Premiums received excluding taxes, if any, shall be paid and the Sum Assured shall not be paid.
This Plan offers applicable tax benefits on all your premiums and Policy benefits. Please note that all the tax benefits are subject to tax laws prevailing at the time of payment of premium or receipt of benefits by you. It is advisable to seek an independent tax consultation.
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