Max Life Online Term Plan Max Life Online Term Plan (basic cover) can be availed of by customers who are above 18 years and below 60 years. The maximum expiry age is 70 years. Under the Max Life Online Term Plan (basic cover), the minimum Sum Assured is Rs. 25 lakhs while the maximum Sum Assured is Rs. 100 crore. Also, Sum Assured is available in the multiples of Rs. 1 lakh only. Customers can choose terms ranging from 10 to 35 years subject to the maximum expiry age. The premium payment term is equal to policy term. Premium should be paid on an annual basis. The minimum premium will depend on the minimum sum assured chosen by the customer.
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