NEW DELHI: Max Life Insurance Company Ltd has launched Max Life Smart Secure Easy Solution, a three-in-one safety answer providing advantages of life, vital sickness and incapacity and unintentional cowl.
Aimed primarily in the direction of self-employed people, the answer is obtainable for a number of buyer cohorts, together with salaried and different professionals to comprehensively guard in opposition to life’s uncertainties.
The answer is a mix of Max Life’s Smart Secure Plus Plan that goals at offering monetary safety in case of any uncertainties in life with an unintentional cowl choice and Max Life Critical Illness and Disability Health Rider, which affords an added layer of economic safety in case of vital sicknesses, complete and everlasting incapacity and supplies additional protection in opposition to dying on account of accident.
The plan caters primarily to self-employed people because it affords flexibility to this section when it comes to frictionless onboarding with simple issuance, together with solely video medical examination and relaxed monetary documentation. With this answer, Max Life additionally affords protection in opposition to 64 listed vital sicknesses, together with 5 minor and 59 main sicknesses, and covers complete and everlasting incapacity.
Prashant Tripathy, MD and CEO, Max Life, stated, “With Smart Secure Easy Solution, we wish to supply vital life insurance coverage options to the self-employed section as properly, which can be extra susceptible to financial fluctuations. Currently underserved, we stay up for catering to this section and supporting their monetary safety wants with fast and hassle-free onboarding.”
The coverage additionally comes with return of premium choice whereby at maturity upon survival, the policyholder might be paid again all the bottom premium.
As a part of this time period insurance coverage answer, a lump sum profit might be paid in case of analysis of a vital sickness or a terminal sickness. In the unlucky occasion of the demise of the life insured (regular or unintentional), the dying profit might be paid to the nominee.
The unintentional cowl choice ensures that the nominee will get the dying profit along with the bottom protection to assist the insured’s household address monetary burdens.
The vital sickness and incapacity rider creates a monetary protect in opposition to 64 listed vital sicknesses, together with life-threatening ailments comparable to most cancers, coronary heart assault, and stroke, amongst others, as per the rider phrases. This rider ensures that the life insured will get a lump-sum fee if recognized with a vital sickness.
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