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Bajaj Allianz Life Smart Protection Goal vs Max Life Smart Secure Plus
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Bajaj Allianz Life Smart Protection Goal with similar Term Insurances
Max Life Smart Secure Plus with similar Term Insurances
Compare Bajaj Allianz Life Smart Protection Goal and Max Life Smart Secure Plus
Claims Track Record:
Bajaj Allianz Life Smart Protection Goal
Bajaj Allianz Life Insurance Company has a good claim settlement track record with relatively fewer customer complaints, compared to other insurers. The company has settled 99.91% of their claims within 30 days. Their claim settlement ratio is 99.04% and their claim amount settlement ratio is 93.45%. They have a dedicated online claim tracking system and a toll-free number to handle any queries or concerns during claims. They also have a short claim form. However, they don’t provide a personal relationship manager for claims and home pick-up of claims.
Max Life Smart Secure Plus
Max Life Insurance Company holds an excellent track record with respect to both purchase and claim settlement experience. They have settled 99.92% of their claims in less than 30 days, with a relatively lesser number of claim complaints compared to other insurers. Max Life Insurance Company has a claim settlement ratio of 99.51%, and its claim amount settlement ratio is 96.71%. The plan provides online tracking of claims and a dedicated toll-free claims service. The insurer does not provide the benefit of a personal manager for claims. And the insurer does not provide a home pick-up of claims, unlike some other insurance companies. The claim form is moderately long.
Service Experience:
Bajaj Allianz Life Smart Protection Goal
You can contact Bajaj Allianz Life Insurance Company via their toll-free telephone number or Twitter for any questions or concerns. As per our research, the response time on toll-free is quick and Twitter is slow, compared to other insurers. So, you and your family can expect prompt resolutions to any issues if their toll-free number is contacted.
Max Life Smart Secure Plus
Max Life Insurance Company provides customer services via toll-free and Twitter. In our research, we found that both their Twitter and toll-free service were found to be mediocre, compared to other insurers. This situation could potentially suggest that both you and your family might encounter challenges when seeking assistance from their service team throughout your journey.
Product Benefits:
Bajaj Allianz Life Smart Protection Goal
Bajaj Allianz Life Smart Protection Goal offers many customization options to best suit your financial needs and goals. It offers coverage for up to 85 years. It offers various limited payment options, ranging from 5, 10, 15, 20 and Pay till 60 years. Based on your convenience, the premium can be paid monthly, quarterly, half-yearly, or annually. The plan offers only a one-time lump-sum claim payout option and it doesn’t offer an increasing cover feature. Bajaj Allianz Life Smart Protection Goal offers a Critical Illness Rider. It is an optional add-on designed to enhance your base coverage at a certain extra cost.
Max Life Smart Secure Plus
The Max Life Smart Term Insurance Plus Plan provides competitive pricing and a range of customisation options. One notable advantage of this plan is the flexibility it offers by giving you the option to increase your cover by 5% annually until your base policy cover is doubled. This begins from the 2nd policy year onwards. The Max Life Smart Term Plus Plan offers a life cover with a duration that extends up to the age of 70 years. It gives you various Limited Pay options, including 5, 10, 15 years, and pay till 60 years. The plan offers one claim payout option - One-Time Lumpsum. To enhance your coverage further, the Max Life Smart Term Plus Plan comes with several riders that can be added to the policy, like a Comprehensive Critical Illness Rider, an Accidental Death Benefit Rider, and a Waiver of Premium Rider (for both Critical Illness and Accidental Disability).