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Max Life Insurance Launch Saral Jeevan Bima Policy

Story Highlights
  • Term insurance plans and policies are currently available in a variety of options.
  • Max Life Insurance Company has introduced 'Max Life Simple Life Insurance'.
  • The scheme covers a minimum of Rs 5 lakh and a maximum of Rs 25 lakh for persons in the age group of 18 to 65 years.

Max Life Insurance Company today announced the introduction of ‘Max Life Saral Jeevan bima’. The scheme is designed to provide financial security to the customers with features that are very easy to understand and simple. This is a non-linked, non-participating, personal pure-risk premium life insurance plan.

Max Life’s Saral Jeevan bima Yojana covers a minimum of Rs 5 lakh and a maximum of Rs 25 lakh for people between the ages of 18 and 65 for a period of 5 to 40 years. Max Life Saral Jeevan bima offers premium term options such as regular pay, single pay, and limited pay (5 and 10 years option). Also, there are options for premium payment periods like annual, half-yearly, or monthly.

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Max LifeSaral Jeevan bima Yojana also comes with the company’s commitment to its customers. Due to this commitment, in the financial year 2019-20, the company achieved a performance of 99.22 percent in the claims paid ratio. Keeping a lasting promise of trust, Max Life reimbursed 15,342 claims in the fiscal year 2019-20. This shows that the company stands with the customer keeping its commitment at the last moment of truth, and it also underscores the relationship of the life insurance company with the customer.

Max Life’s recent India Protection Quotient 3.0 with Kantar shows that 33% of people in India who do not have a term plan are unaware of how term plans are available and feel that they will have to pay a very high premium. . This is the reason why he has not taken a term plan. The new ‘Max Life Saral Jeevan bima’ scheme will provide easy financial security to the customers.

Term insurance plans and policies are currently available in a variety of options. However, it is also important to provide simple products that the general consumer can choose from based on the information. Commitment to increase the standard of life insurance in the country in accordance with IRDAI regulations regarding Standard Individual Term Life Insurance Products. Max Life The Saral Jeevan bima scheme seeks to meet the important financial security needs of the customers in a simple and easy way. We hope that this simple product will help Indians, especially first-time customers, to protect their loved ones by encouraging them to invest in term insurance policies, ”said Prashant Tripathi, Managing Director, and CEO, Max Life Insurance.

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