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Max life Insurance plans

Max Life POS Guaranteed Benefit Plan Insurance

A savings and income plan that gives a guaranteed return to protect the family against all the needs to meet the financial requirements.
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Max Life insurance review

Max life Insurance plans
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 POS Guaranteed Benefit Plan Overview

  • Benefits
  • Eligibility

Benefits of POS Guaranteed Benefit Plan

  • Death Benefit: Lump sum Death Benefit is paid immediately on death ensuring complete financial security for your loved ones.
  • Maturity Benefit: Get Guaranteed lump sum benefit to meet your savings goals.

Eligibility criteria of OPOS Guaranteed Benefit Plan

Coverage All individuals
Age of the Life Insured at Entry(age as on last birthday) Minimum entry age : 18 years br> Maximum entry age : 50 years
Premium Payment Term 5 years
Policy Term 10 years

Brochure

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Policy wordings

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    InstantCover Insurance Web Aggregator Private limited
    710, 6th B Cross, 16th Main Road, Koramangala 3rd Block, Bangalore - 560 034.

  • 080-41101026
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CIN: U66000KA2018PTC117713 | IRDAI Web aggregator License Code Number: IRDAI / INT / WBA /53/ 2018, Valid till 07/08/2025