The Max Life’s Saral Jeevan Bima plan offers the absolute minimum sum assured of Rs 5 lakhs and a maximum sum assured of up to Rs 25 lakhs to get an insurance plan duration which ranges from 5 – 40 years.
Max Life Insurance today announced the launching of these’Max Life Saral Jeevan Bima’, a normal term life insurance coverage program. The period life insurance policy is intended to provide financial protection to clients alongside simple, funding policy attributes. The same is really a non-linked, non-participating, individual pure-risk high life in the policy will be available to clients from age category of 18 to 65 decades.
The Max Life’s Saral Jeevan Bima plan provides the absolute minimum sum assured of Rs 5 lakhs and also a maximum amount assured up to Rs 25 lakhs to get an insurance plan duration which ranges between 5 40 decades. The policy offers clients the flexibility to select from top payment term options of standard cover, single-pay, and constrained pay (together with 5 and also 10-year pay options); along with multiple premium payment mode options i.e. yearly, semi, or yearly repayment. insurance policy program.
Based on the findings of Max Life’s recent survey India Protection Quotient 3.0′ in collaboration with KANTAR, it was demonstrated that 33 percent of non-term policy owners across metropolitan India were oblivious of duration plan accessibility and believed high premiums need to be paid for it, which functioned as a barrier in their duration plan purchase. The company says the brand new’Max Life Saral Jeevan Bima’ provides simplified financial security to customers.
Prashant Tripathy, MD and CEO Max LifeInsurance says,”In the modern time, where you can find a great deal of term insurance policies and plans to pick from, it is also crucial that you supply a simple product that makes it possible for a mean customer to make an informed option. In line with the IRDAI’s tips on Standard Individual Term Life Insurance Product; and as a devotion to increase the comprehension of life insurance from the country,’Max Life Saral Jeevan Bima’ seeks to deal with key financial protection requirements of customers in a very simple and standard way.”
He further adds, “We hope that this standard product will help Indians, especially first-time buyers, to protect their loved ones by encouraging them to invest in a term insurance policy.”