Max Life Insurance Co. Ltd has announced the debut of the Max Life Smart Secure Plus Plan via the PhonePe app, a non-linked non-participating individual pure risk premium life insurance plan aimed at digitally savvy customers.
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- Customers can choose a sum assured of up to ten crore rupees and have their policies renewed through the PhonePe app.
- Max Life will provide PhonePe users an inherent terminal sickness benefit and a particular exit option within the life insurance category.
- IRDAI has awarded PhonePe, a digital payments platform, a direct broking licence, allowing them to offer insurance through their app.