new Delhi. Max Life Smart Secure Plus Plan: PhonePe app customers can now buy insurance with a single click. He will be able to do this because of the partnership between PhonePe and Max Life Insurance. Max Life Insurance has announced the launch of its Max Life Smart Secure Plus plan on PhonePe for its digitally savvy customers.
It is a non linked, non participating, individual and fully risk premium life insurance plan. Its starting premium is Rs 4,426. It is worth noting that digital payments platform PhonePe has been given a direct broking license by IRDAI, so that it can sell insurance policies on its app.
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Give security to the whole family for Rs 4,426
In a press release, Max Life said that PhonePe customers can avail comprehensive financial coverage for their family at an initial premium of only Rs 4,426. Buying a term plan from the PhonePe app is very easy and requires very little paperwork.
You can choose Sum Assured up to Rs 10 crore
Customers can choose to have a sum assured of up to Rs 10 crore and can also renew their policy on the PhonePe app. Under the life insurance category, Max Life will also offer illness benefits and special exit options to PhonePe customers.
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You will get better experience, it will be easier to take an insurance policy
V. Vishwanand, Deputy Managing Director, Max Life, said, “In this digital age, we are simplifying the entire process of our customers from buying life insurance to resolving their claims. So that, better experience can be provided to him and he does not face any kind of problem. With this partnership with PhonePe, we continue to build a strong distribution channel for our digitally savvy customers and we are confident that we will be able to do so soon. Also, this is expected to increase the term plans and financial protection business of the company.”
Tags: insurance, Personal finance, Phonepe
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