Max Life Insurance launches three-in-one protection plan (See more Details)

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New Delhi:

Max Life Insurance Company Ltd has launched Max Life Smart Secure Easy Solution Three-in-one security solution that provides advantages of life insurance disability, critical illness and accidental coverage.

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Primarily targeted at self-employed persons The solution is accessible to a variety of customer groups, including professionals who are salaried to protect against all dangers.

The solution is a blend with Max Life’s Smart Secure Plus Plan that provides financial security for any uncertain event in life,

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with an accident insurance option, and Max Life Critical Illness and Disability Health Rider.

It provides an additional level of financial security for critical illnesses that cause permanent and complete disability,

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and offers additional coverage against the possibility of death as a result of an accident.

The plan is geared towards self-employed people as it provides flexibility for this market in terms of seamless onboarding and easy issuance with the use of only a video medical exam as well as a more relaxed financial record.

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This plan offers Max Life also offers coverage against 64 listed serious illnesses that include five minor illnesses and 59 major diseases that cover the total and permanent disability.

Prashant Tripathy Director and CEO, Max Life, said, “With Smart Secure Easy Solution we intend to offer vital life insurance solutions to the self-employed market and also, which is at risk of economic volatility.

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In the present, this segment is under-served. We hope to cater to this market segment and helping them meet their financial security needs through rapid and easy onboarding.”

The policy also includes a the option of returning premiums, wherein when the policy expires, upon the death of the policy holder, the insured will receive back the entire base premium.

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In this type of insurance policy the lump sum amount will be paid when a diagnosis is made of a critical illness an illness that is terminal.

In the event of death of the insurance policy (normal as well as accidental) it will pay the benefit to the beneficiary.

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The accidental cover option assures that the insured receives the death benefit, in addition to the coverage base to help the family members of the insured deal with financial hardships.

The critical disability and illness rider offers an insurance policy that protects against the 64 listed diseases, which include life-threatening ones like heart attack, cancer, and stroke and many more, in accordance with the rider’s terms.

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This rider will ensure that the life insurance policyholder receives an amount in lump sum if they are diagnosed with a serious disease.

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