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What is Max Life Term Plan?
Max Life Term Plan is a unique plan which can take care of your family’s financial needs in case something were to happen to you. In addition to that, it also helps the family to cope up with rising inflation with its unique increasing life cover option. With this option, your life cover starts increasing by 5% every year at simple rate till the end of the policy term without any increase in the premium. This ensures that your family is able to meet ever-increasing expenses, even when you are not around.
What are its benefits?
Death Benefit-Payable at the time of death of the life insured, during the policy term (provided the policy is in force or the reduced insurance cover is active). Increasing life cover. Flexible payout options Flexible policy terms.
What is the claim ratio?
Higher the claim settlement ratio, better are the chances of availing the entire sum assured amount. At Max Life, 96.95% of the total individual death claims were settled in FY’16
Why Insuremile?
The most important differentiator is InsureMile’s ‘Buy A Policy, Feed A Child’ mission. For every policy you buy, InsureMile on your behalf contributes 25 meals to a child. You are thus becoming part of a Social Movement to eradicate hunger among children in India. There is no additional amount to be paid for the social cause. It is part of the premium. You can claim tax benefits for the donation you have made.
What is Max Life Term Plan?
Max Life Term Plan is a unique plan which can take care of your family’s financial needs in case something were to happen to you. In addition to that, it also helps the family to cope up with rising inflation with its unique increasing life cover option. With this option, your life cover starts increasing by 5% every year at simple rate till the end of the policy term without any increase in the premium. This ensures that your family is able to meet ever-increasing expenses, even when you are not around.
What are its benefits?
Death Benefit-Payable at the time of death of the life insured, during the policy term (provided the policy is in force or the reduced insurance cover is active). Increasing life cover. Flexible payout options Flexible policy terms.
What is the claim ratio?
Higher the claim settlement ratio, better are the chances of availing the entire sum assured amount. At Max Life, 96.95% of the total individual death claims were settled in FY’16
Why Insuremile?
The most important differentiator is InsureMile’s ‘Buy A Policy, Feed A Child’ mission. For every policy you buy, InsureMile on your behalf contributes 25 meals to a child. You are thus becoming part of a Social Movement to eradicate hunger among children in India. There is no additional amount to be paid for the social cause. It is part of the premium. You can claim tax benefits for the donation you have made.
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