Smart Money

Edelweiss Tokio Life Insurance Company has introduced an unit-linked insurance plan that aims to maximise returns, along with sufficient life cover. The plan has a zero policy administration charge and there are no charges for switching, premium redirection and partial withdrawals. The plan also offers customers the flexibility to pay premiums — a minimum of R25,000 per month or R2. 5 lakh per annum through top-ups — for a period of five, seven or 10 years, or a regular period. The customer can enjoy wealth accumulation and insurance protection over various policy terms, ranging from 10 to 30 years. Further customising the insurance cover to suit changing needs, the plan offers riders that can be bought with the policy.

Claims Guarantee from Max Life

Max Life Insurance has launched Claims Guarantee for a hassle-free death claims process. The company claims it will pay claims within 10 working days of the receipt of all the death claim documents/clarifications from the nominee, provided that there is no non-disclosure in the proposal form or health declaration form by the policyholder. If the company fails in its commitment, it will pay 6% interest rate per annum. In case of death claims for unit-linked insurance policies, the company commits to pay the account value amount within 48 hours of the intimation by the nominee. And to make the claims process hassle-free, the company will assign a personalised claims relationship officer for each death claim cases.

Suraksha Kosh from Tata AIA Life

Tata AIA Life

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