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Friday, December 28, 2012

Max Life Insurance rewards its customers

For a policyholder of Max Life Insurance, there is a reason to be happy this New Year. The private insurer has announced a special one-time bonus for its active policyholders. The estimated amount to be distributed in this special award would be around 130 crore. The bonus shall start from February 1st 2013 and shall be awarded at the policy anniversary of each policyholder.

The parameters on which the respective bonuses would be calculated are

 1. The bonus is calculated as a percentage of annual premium.
 2. Policies with higher term of insurance would earn higher percentage in this special bonus
 3. A reinstatement which causes a policy to be active will be eligible
 4. Surrendered policies will not be eligible

The CEO and managing director of Max Life Insurance expressed his gratefulness to the loyal policyholders and said that a share of their robust growth must also be given to their customers. Max Life Insurance is a joint venture between Max India and Mitsui Sumitomo Insurance, a member of MS&D Insurance Group.

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