Max Life Insurance teamed with PhonePe to provide consumers with financial security

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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KEY POINTS:

• 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.

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