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Expert advice on MAX Life 'Special Exit Benefit'

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27 Sep, 2021 by  Sachin Wagh

Hello Expert Members,

Could you please help me know your views/comments on Max Life Smart Secure Plus Plan's 'Special Exit Benefit' ?

This sounds good to me for now as I'm trying to Purchase a Term Plan for my wife.

She's 28 year and I'm opting for 1.5Cr and as per plan's condition, need to buy coverage till age 68 years. At the age of 53 we can get all paid premiums back (around 3 lakhs)

Am I missing something here which should I be worried about or should consider while purchasing Pure Term Plan ?

Please do let me know possible opinion of yours. Thanks in Advance :)


  • Sachin
Term Life Insurance

1 Answer

28 Sep, 2021
MBA | 5 years experience
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Dear Sachin,

Special exit value is paid when the insured has completed 65 yrs of age or 25 yrs of policy term whichever is earlier. The policy term has to be minimum 40 yrs.

The spl exit value is only for the base term plan. Premium Paid towards riders is not returned.

Hope this helps you.


Rohit Dhingra

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