When you buy a Max life insurance policy, the insurer will give an option of paying the premiums monthly, quarterly, half-yearly, or yearly installments, once you stop paying the premium of your life insurance plan, the policy becomes inactive after the expiry date. However, it does not get lapsed. The insurer allows you a grace period of 15 days to 30 days to renew your life insurance policy. However, if you still do not make the payment for the renewal of your life insurance, the policy lapses.
Renewing the Max life insurance policy online is a convenient and easy way to do it. To renew the Max life insurance policy after the expiry date log on to their website, fill in the policy details, take the medical tests, report to the company, and make payment. Otherwise, contact customer support they will help you for renewing your life insurance policy after the expiry date.
How to Download Max Life Insurance Premium Receipt Online?
- Step 1: Open Google and Search for the “Max Life Insurance Customer Services” portal.
- Step 2: Click on Download Premium Receipt and then Log in to your account by using your policy number or client ID and date of birth.
- Step 3: Then click on the “Submit” button to request OTP. Enter the OTP received to your registered mobile number and email.
- Step 4: Once logged in to your account, select premium receipts and year and then click on generate.
- Step 5: You can download your Max Life Insurance Premium Payment Receipt by selecting your policy or you can send it to your registered mobile number.
Also read to know more about Max Life Insurance: Premium Receipts, Surrender Value, Auto Pay
How to Download Max Life Insurance Statement?
To download a Max life insurance policy statement, you typically need to follow the below steps.
- Visit the official website of Max Life Insurance Company.
- Click on the “Customer Services” tab. Then click on “Download Policy Statement”.
- Log into your account by providing your policy number and date of birth.
- If you haven't registered for an online account, you may need to create an account.
- Once logged in, find the option to download or view your policy statement.
- Verify that the document includes details such as policy coverage, beneficiaries, premiums, and any other relevant information.
- Then click on the relevant button to download the policy statement.
- If you encounter any issues, consider reaching out to your insurance company's customer support. They may be able to assist you in obtaining the necessary statements.
Can I Cancel My Max Life Insurance Policy within 15 Days?
Max Life Insurance Company offers a free-look period during which the policyholder can cancel the policy if they are not satisfied with the terms and conditions and receive a refund of premiums paid. The free-look period is usually 15 days to 30 days from the date of receiving the policy document.
How to Know the Fund Value of Max Life Insurance?
To determine the fund value of Max life insurance, you'll need to follow the below steps.
- The first step is to review your life insurance policy documents. The fund value is typically mentioned in statements or reports provided by the insurance company.
- If you can't find the information in your policy documents, visit Max Life Insurance Company's official website to know your fund value.
- Then click on the customer login portal under the Login button. Enter your details such as policy number, mobile number and date of birth to log in to your account.
- Once logged in, you will be directed to your account dashboard. Within the policy details section, you may find the fund value, premium payments, and other details online.
- If you have any difficulties in locating the fund value online, you can reach out to the life insurer’s customer support. They will be able to assist you in retrieving the fund value.
How to Check Max Life Insurance Policy Surrender Value?
To check the surrender value of a Max life insurance policy, you can follow the below steps:
- Contact the Insurance Company: Reach out to the customer service department of Max Life Insurance Company and provide your policy details, including the policy number, name, and any other information. Then customer service representative will tell you about the surrender value details.
- Check Policy Documents: Review your policy documents, as they may also contain information about the surrender value and the process for surrendering the policy. The surrender value is often explained in the policy terms and conditions.
- Online Account Access: If you have an online account with Max Life Insurance Company, log in to the official website. Check if they provide access to policy-related information, including the surrender value.