Max Life Insurance launches three-in-one protection plan

NEW DELHI: Max Life Insurance Company Ltd has launched Max Life Smart Secure Easy Solution, a three-in-one protection answer providing advantages of life, essential sickness and incapacity and unintended cowl.

Aimed primarily in direction of self-employed people, the answer is offered 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 mixture of Max Life’s Smart Secure Plus Plan that goals at offering monetary protection in case of any uncertainties in life with an unintended cowl possibility and Max Life Critical Illness and Disability Health Rider, which provides an added layer of economic protection in case of essential diseases, whole and everlasting incapacity and supplies further protection in opposition to demise because of accident.

The plan caters primarily to self-employed people because it provides flexibility to this section when it comes to frictionless onboarding with straightforward issuance, together with solely video medical examination and relaxed monetary documentation. With this answer, Max Life additionally provides protection in opposition to 64 listed essential diseases, together with 5 minor and 59 main diseases, and covers whole and everlasting incapacity.

Prashant Tripathy, MD and CEO, Max Life, stated, “With Smart Secure Easy Solution, we need to provide essential life insurance coverage options to the self-employed section as properly, which can be extra susceptible to financial fluctuations. Currently underserved, we look ahead to catering to this section and supporting their monetary protection wants with fast and hassle-free onboarding.”

The coverage additionally comes with return of premium possibility whereby at maturity upon survival, the policyholder can be paid again all the bottom premium.

As a part of this time period insurance coverage answer, a lump sum profit can be paid in case of prognosis of a essential sickness or a terminal sickness. In the unlucky occasion of the demise of the life insured (regular or unintended), the demise profit can be paid to the nominee.

The unintended cowl possibility ensures that the nominee will get the demise profit along with the bottom protection to assist the insured’s household address monetary burdens.

The essential sickness and incapacity rider creates a monetary protect in opposition to 64 listed essential diseases, together with life-threatening ailments similar 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 identified with a essential sickness.

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