Max Life Smart Term Plan logo

Max Life Smart Term Plan

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4.3/ 5
How we score
beshak ratings
INDIA’S FIRST UNBIASED, CONFLICT-FREE INSURANCE RATING
Overall Verdict

This product hits the sweet spot with its benefits and affordable pricing, with all the top benefits, customization benefits, payment options. An excellent track record with respect to claims and service would mean that your family is very likely to get a smooth claim settlement experience.

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Pros
  • Slightly cheaper than other products in the market
  • Several options to customize claim payouts
  • Offers the option to automatically increase your claim amount, with time
  • Several Limited Pay options available, to speed up payments
  • Critical illness rider is available, and the payout is in addition to the life cover amount
  • Received fewer complaints on claim settlement compared to other insurers
Cons
  • Our study observed their responses on Twitter to be relatively slower than other insurers
Detailed Review
Claims Experience 4.7/5 star green
Customer Service 3.5/5 star green
Product Benefits 4.3/5 star green
% of claims settled in less than 30 days
Reflects on the speed of settling valid claims
96.81%
% of Complaints received on overall claims
% customers unhappy with claims experience
0.03%
How complex is the Claim Form?
The longer, the more hassles during claims
Short
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