Max Life Insurance Premium Calculator

• Reduce taxable income by up to Rs. 1,50,000 deduction under section 80C**
• Convenient payment options - annual, half-yearly, quarterly or monthly premium payments
• Do more with plans that offer pure protection, retirement planning and investment option

Life insurance policies come in different types. Depending upon their requirements, people can choose protection, investment, or savings plans. Almost all the top insurance companies in the industry offer all these types of plans for the benefit of their customers. Max Life Insurance is one such insurer that offers a diverse range of policies. Customers can check the cost of these policies by using the premium calculator tool available on the official website. In addition to the premium calculator, the company also offers other tools to help customers make an informed decision about the products.

Why customers should use a Premium Calculator

Before providing insurance coverage to a person, companies check whether the person has an insurable interest. This can be determined based on the person’s age, income, and health condition. Premium calculators provide a way for customers to self-check this information. Moreover, the cost could differ a lot from one individual to another due to the risk profile. This is why customers must use a premium calculator to determine the best plan that fits within their budget. Typically, customers research multiple insurers before narrowing down on a specific policy. Premium calculators play a major role in helping them arrive at the decision.

How to use Max Life Insurance Premium Calculator

Max Life Insurance offers different ways of calculating premiums for term plans and other investment/savings plans. The company’s online term plan can be accessed right from the website’s homepage. The step-by-step instruction of using the premium calculators is given as follows:

• Visit the official website of Max Life at https://www.maxlifeinsurance.com/insurance-calculators>.
• On the home page, click on the menu ‘insurance calculators’.
• Here, you can find various tools like retirement planning calculator, child education planner, marriage expense planner, savings planner, etc.
• Using these tools you can find the exact amount you must invest to achieve the desired investment goals.
• Alternatively, you may also click on the ‘calculate premium’ button available on the individual product pages.
• In the premium calculator, enter your basic details like gender, date of birth, desired sum assured amount, age, income, smoking habits, etc.
• Once you have entered these details, the premium calculator will determine the exact amount you need to invest to achieve the target.
• The calculator will also check your eligibility for a specific plan based on the details you have entered.

Advantages of using Max Life Insurance Premium Calculator

Customers can get access to the following advantages when they use a premium calculator offered by Max Life Insurance:

• Comparing multiple products from different insurers takes a lot of time. Premium calculators are offered by insurance companies to help customers achieve this efficiently.
• Customers can access information about specific products without even contacting the insurance company. These tools provide customised information based on their specific requirements.
• Through premium calculators, customers can understand their needs in a better way. They can check the benefits offered by different plans and pick the right one that meets their requirements.
• Premium calculators simplify the complex algorithm used in the calculation of insurance premiums.

Conclusion

Max Life Insurance is currently one of the top private companies in the life insurance industry. With its diverse product lineup, it helps customers meet their specific requirements with regard to life insurance. In addition to calculating the cost of a policy, you can also determine how much insurance you need. Other calculators like mortality risk calculator, BMI calculator, human life calculator, etc., can also be helpful when customers make a decision about their insurance purchase.