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

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

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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