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Max Life Platinum Protect

Will be updated soon.
Eligibility
Entry Age (years) 
Minimum18
Maximum60
Maximum Maturity Age (years)75
Policy Term (years) 
Minimum10
Maximum30
Sum Assured (Rs) 
Minimum2500000 and in multiples of Rs 5 lakh thereafter
MaximumNo limit
Minimum Premium (Rs) 
Yearly5000
Half-Yearly2600
Quarterly1325
Monthly450
Premium Payment FrequencyYearly, Half-Yearly, Quarterly, Monthly(via ECS)
Premium Payment TermEqual to policy term
Premium Factor (multiply with annual premium)0.52 for Half-Yearly, 0.265 for Quarterly and 0.09 for monthly
Policy CoverCover remains fixed for the tenure of the policy
Other Features 
Free Look CancellationIn case, you are not satisfied, you may choose to cancel the policy within 15 days of receiving the policy documents. Upon such cancellation, you will be paid back the premiums, minus the cost of stamp duty, medical reports and proportionate premium for the period for which the risk was covered.
Grace PeriodYou are allowed to pay premiums within 30 days of premium due date. If a due premium is not received within the grace period, your policy will lapse and the life insurance cover will be terminated.
Lapsed Policy ReinstatementYou may reinstate your lapsed policy within 6 months from date of first unpaid premium by paying due premiums and undergoing underwriting requirements, if any.
Tax BenefitsSection 80C, 10(10D) of the Income Tax Act, 1961 would apply. Premiums paid for Dread Disease Rider may qualify for deduction under Section 80D of the Income Tax Act, 1961.
ExclusionsIn case of death by suicide during the first policy year, or within one year from the date of reinstatement, no death benefit is payable. Further, no death benefit becomes payable in case insured event takes place while being engaged in any hazardous occupation such as sea diving, mountaineering, hunting etc.
Customer Service 
AddressMax New York Life Insurance Company Limited, Registered Address: Max House 3rd floor, 1 Dr.Jha Marg, Okhla, New Delhi-110020 Corporate Address: 11 the floor, DLF Square Building, Jacaranda Marg, Phase II, Gurgaon- 122002
Call On1800-180-5577; 011-6933610; 0124-2561717
Available Rider(s)Personal Accidental Benefit Rider: covers death due to an accident.
Dread Disease Rider: It covers 10 critical illnesses namely: Cancer, Coma, Kidney Failure, Multiple Sclerosis, Heart Attack, Paralysis or Paraplegia, Stroke, Major Organ Transplant, Coronary Artery Bypass Surgery and Heart Valve Surgery.
Rider Conditions 
Entry Age (years) 
Minimum20
Maximum50
Maximum Maturity Age (years)60
Rider Term (years) 
Minimum5
MaximumEqual to base policy term
Sum Assured (Rs) 
Minimum100000
MaximumDread Disease Rider: Rs 10 lakh
Personal Accidental Benefit Rider: lower of (Rs 40 lakh or Base Sum Assured)
Rider Premium (Rs)Rider premiums vary for each policyholder. For instance, for a 25-year old healthy non smoking male, Rs 5 lakh sum assured Dreaded Disease Rider for a term of 10 years costs Rs 1,355 annually. Likewise, he pays Rs 675 premium for a Personal Accident Benefit Rider for the same cover and tenure.
Annual Premium Option for Male
Policy Term (in years)Age (in years)
2530354045505560
106320696093201244018120256403696055480
156360700093601264018680270404024063120
2064007040940013680205203040046680NA
256760812010920158402376035800NANA
30732010000133201904028480NANANA
Figures indicate premiums on a Rs 40 lakh policy for an age over different policy tenures
Annual Premium Option for Female
Policy Term (in years)Age (in years)
2530354045505560
106120648081201132015040208002952042960
156160652081601136015280215603152047800
2062006560820011400165202388035920NA
25648074409440131201904027880NANA
3068809120114801576022760NANANA
Figures indicate premiums on a Rs 40 lakh policy for an age over different policy tenures