Max Life has also launched online term plan. Please suggest how it is different from existing term plans available in the market

[vaibhav45]

Max life insurance forays into E Commerce with the launch of term plan. They came up with 3 different plans which are basic life cover, Increasing income & increasing monthly income plan. Guys can any 1 explain me the difference between them & how it is different from the plans which are also available in the market from existing companies

[PolicyWala]

In normal term plans, the money is paid only when the insured is died, but in this you have below three options -

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