Max Life Insurance launches Covid-19 Rider for its customers

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Max Life Insurance launches Covid-19 Rider for its customers
Max Life Insurance launches Covid-19 Rider for its customers

Max Life Insurance launches Covid-19 Rider for its customers. Max Life Insurance Company has announced the launch of its “Max Life COVID-19 One Year Term Rider (Covid -19 Rider). A Non-Linked Non-Participating Individual pure risk premium life insurance rider.

  • Max Life COVID-19 Rider provides customers with diagnosis benefit in addition to a death cover. It will be available to customers between the age of 18 to 65 years.
  • The diagnosis benefit offers a fixed lump sum amount (20% of rider sum assured) which will provide financial protection to the family.

Under the death cover, if the life insured succumbs to COVID-19, the rider will provide a lump sum amount (100% of rider sum assured) to the nominee along with the diagnosis benefit of additional 20% of rider sum assured if not already availed.

Further, the benefits under the rider will be payable over and above the base policy benefits.

About Max Life Insurance:

  • Headquarters location: New Delhi
  • Founder: Analjit Singh

Expected Questions:

  1. Who is the CEO of Max Life Insurance: Prashant Tripathy
  2. ICICI Lombard General Insurance Company and Which General Insurance Company have announced the merger of their businesses? – Bharti AXA General Insurance Company
  3. Recently, HDFC Bank and which software company has announced a strategic partnership to enhance the Digital Experiences of its Customers – Adobe
  4. What is the Parent organizations of Max Life Insurance – Max Financial Services, Max India Limited
  5. ‘DIGITAL APNAYEN’ campaign is launched by which bank? – Punjab National Bank
  6. Name the mechanism which is launched by RBI for all cheques of value Rs 50,000 and above – Positive Pay
  7. Automated Voice Assistant ‘AXAA’ is launched by which bank? –Axis Bank

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