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Max Life Future Secure II Plan

Life Insurance
  • Premiums as low as Rs.17/day for sum assured of Rs.1 crore*
  • Claim up to Rs. 1,50,000 deduction under section 80C**
  • Choose between annual and monthly premium payment options

FAQs about Max Life Future Secure II:

  1. What is Base Guaranteed Surrender Value?

    A. Base Guaranteed Surrender Value is a percentage of the total paid premiums.

    GSV Factor
    Surrender Year Base GSV as a percentage of total paid premiums
    1 0%
    2 0%
    3 30%
    4 50%
    5 50%
    6 50%
    7 50%
    8 53%
    9 57%
    10 60%
    11 63%
    12 67%
    13 70%
    14 73%
    15 77%
    16 80%
    17 83%
    18 87%
    19 90%
    20 90%
  2. Can I take policy loan more than once during the policy term?

    A. If loan is pending against Max Life Future Secure II policy, then no, you cannot take policy loan more than once during the policy term.

  3. What does accident mean?

    A. Accident is an unforeseen, involuntary and sudden event that is caused by visible, violent and external means.

  4. What does death by accident mean?

    A. Death by accident is referred to any death that is caused by violent, unforeseen, involuntary and sudden event, which occurs due to visible and external means. An autopsy will prove that such death was caused by an accident directly and is independent of any mental or physical illness within a period of 180 days from the accident date.

  5. Does the policy provide rider protection?

    A. No, the policy does not provide rider protection.

  6. Does the company charge extra premium for insuring unhealthy lives?

    A. Yes, the company might charge extra premium for insuring unhealthy lives.

  7. When will the policy lapse?

    A. The policy will lapse only if it has not received a surrender value and if the policyholder fails to pay the premium within the grace period.

  8. What will happen to a lapsed policy if I do not revive it during the revival period?

    A. A lapsed policy will terminate if you do not revive it during the revival period.

  9. How to revive a lapsed Max Life Future Secure II policy?

    A. A lapsed Max Life Future Secure II policy can be revived by submitting a written request to the company along with the following within the revival period:

    • Pending premiums with late fee and/or interest.
    • Insurability evidence (You have to bear its cost).

    The policy will be revived only if the company approves your revival request.

  10. What is the claim process for Max Life Future Secure II?

    A. Making a claim on Max Life Future Secure II is very easy. Claimants have to submit the following to make a claim:

    • Their statement in the form that has been prescribed by the company.
    • Policy document (Original).
    • F.I.R or policy complaint copy. (To be submitted in case of death)
    • Certified post mortem report copy. (To be submitted in case of death)
    • Death Certificate issued by local or municipal authority. (To be submitted in case of death)
    • ID proofs of beneficiaries and nominees that has their photos and signatures on them. (To be submitted in case of death)
    • Other documents requested for by the company.