IndianMoney.com
review, is offering a group term insurance plan in association with Max
Life. This insurance plan comes with a myriad of benefits such as paperless
transactions, one-time premium, and even no medical test for prospects with
income below Rs 3 lakh.
C
S Sudheer, Founder, IndianMoney Group said, “Insurance reach in India
stands low owing to the dearth of financial literacy. Affordability is the key
which has to be addressed at the time of bringing the uninsured segment within
the purview of financial inclusion. With Indian
Money Review launching this group term plan, we will bring the majority
population within the ambit of financial inclusion”
Speaking on the partnership, V. Viswanand, Deputy Managing
Director, Max Life said, “There is a tremendous scope to increase the life
insurance penetration in India. Through this partnership we aim to make formal
financial services and specifically life insurance more accessible to a larger
segment of the population, thereby increasing the financial protection of the
country”.
In association with Max Life, Indian Money dot
com review will be offering group term insurance to its existing
customer base of more than 5 million on a voluntary basis. The cover would
range from Rs10 lakh to Rs20 lakh. Term of the insurance cover for members will
be of one year from the Effective Date of Coverage (EDC) as mentioned in the
Certificate of Insurance. People aged between 18 to 45 will be covered under
this policy.
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