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Max Life Child Insurance Plan

Max Life Child Insurance Plan

Child insurance plan provides a secure financial future needs for your child and helps you in building a corpus so that when the right time comes, you can meet the expenses relating to education, career, or marriage and also provide financial support to your child, in case, you face an unfortunate incident.

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Distribution - Number of branches pan India (March 2019)
239

Entry Age Minimum/Maximum (Years) - Term Plans
18/70

Sum Assured Minimum / Maximum - Term Plans
10 lacs / Unlimited

Policy Term Minimum / Maximum (Years) - Terms Plans
10/50

Solvency Ratio (FY 2018-19) *
2.42

Number of Policies Sold (Ind+Group) *
527,601

Number of Lives Covered (Ind+Group) **
6,438,358

Claims Settlement Ratio (Ind+Group) ***
98.95%

* - As per IRDAI data 2018-19 - The solvency ratio of an insurance company is the size of its capital relative to all the risk it has taken, which is all liabilities subtracted from total assets. In other words, solvency is a measurement of how much the company has in assets versus how much it owes
** - as per L-25 Public Disclosure of Insurance Companies for 2019-20 | *** - Claims Settlement Ratio = Claims Settled in the year / Claims Reported in the year - as per IRDAI data published

Max Life Child insurance products

Future Genius Education Plan

Max Life Future Genius Education Plan is a Non-Linked Participating Savings Insurance Plan has been designed to help parents manage their child’s higher education costs through disciplined savings.

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Shiksha Plus Super Plan

Max Life Shiksha Plus Super Plan is a non-participating Unit-linked Insurance Plan that helps the insured secure a fund for their child’s future education and lot more.

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CIN: U66000KA2018PTC117713 | IRDAI Web aggregator License Code Number: IRDAI / INT / WBA /53/ 2018, Valid till 07/08/2025