Max Life Smart Secure Plus vs TATA AIA Maha Raksha Supreme

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.

TATA AIA Life Insurance Company has built a good reputation in both the purchase and claim settlement processes. They have achieved an impressive 99.80% claims settlement rate within 30 days, with fewer claim-related complaints. Their claim settlement ratio is 99.01% and claim amount settlement ratio is 94.65%. Furthermore, it offers online tracking of claims and a convenient home pick-up service for claim documents. However, it's important to note that they do not provide a personal relationship manager or a dedicated toll-free service for claims. And, their claim form is relatively lengthy.

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.

TATA AIA Life Insurance Company provides customer service through both their toll-free number and Twitter. Based on our research, it appears that their toll-free service offers a prompt response, while their response rate on Twitter is slow, compared to other insurers. So, you can contact their toll-free number to receive timely assistance for issues, queries, etc.

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).

The TATA AIA Maha Raksha Supreme policy offers a variety of customization options. However, it's important to note that this policy does not provide the choice to increase the cover amount over time. With the TATA AIA Maha Raksha Supreme policy, you can enjoy life coverage up to age 85, and it offers several rolling Limited Pay options that range from 5 to 40 years. The claim payout option for this policy is limited to a one-time lump sum payment. Additionally, TATA AIA Maha Raksha Supreme policy offers the option to add riders, such as a Critical Illness Rider and an Accidental Death Benefit Rider. These are optional add-ons that can provide additional protection in case of specific circumstances.