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Review by Indian Money dot com Promotes Financial Inclusion in Association with Max Life Insurance
IndianMoney.comreview, is offering a group term insurance plan in association with MaxLife. This insurance plan comes with a myriad of benefits such as paperlesstransactions, one-time premium, and even no medical test for prospects withincome below Rs 3 lakh.
CS Sudheer, Founder, IndianMoney Group said, “Insurance reach in Indiastands low owing to the dearth of financial literacy. Affordability is the keywhich has to be addressed at the time of bringing the uninsured segment withinthe purview of financial inclusion. With IndianMoney Review launching this group term plan, we will bring the majoritypopulation within the ambit of financial inclusion”
Speaking on the partnership, V. Viswanand, Deputy ManagingDirector, Max Life said, “There is a tremendous scope to increase the lifeinsurance penetration in India. Through this partnership we aim to make formalfinancial services and specifically life insurance more accessible to a largersegment of the population, thereby increasing the financial protection of thecountry”.
In association with Max Life, Indian Money dotcom review will be offering group term insurance to its existingcustomer base of more than 5 million on a voluntary basis. The cover wouldrange from Rs10 lakh to Rs20 lakh. Term of the insurance cover for members willbe of one year from the Effective Date of Coverage (EDC) as mentioned in theCertificate of Insurance. People aged between 18 to 45 will be covered underthis policy.
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