The best life insurance quotes
India’s biggest insurer has a new offering for its customers with a new, more comprehensive life insurance policy.
Markel Life, a joint venture between Indian insurers and global insurance giant Medinsink, is offering a range of premium rates ranging from 5 per cent to 14 per cent depending on the product and policy coverage.
For instance, if the policy has coverage for one or more deaths, the premium will be 5 per the average rate for the policy on the benchmark benchmark insurer’s benchmark index, according to an emailed statement.
The premium will also depend on the policy’s coverage of a “special event” or “death event” for the insured.
“For our customers, the most important feature of our new life insurance plan is its comprehensive coverage for the most common life events,” Markel said in a statement.
“It also includes life event-based premium contributions for any unexpected and consequential life events.”
We have been working closely with our partners to deliver our customers the best life coverage policy in India, including the widest coverage for any life event, for the next five years.
“Markel is also offering coverage for “any emergency”, including a heart attack, stroke or sudden death, “to be determined”.
In addition, the insurance company said it is offering “coverage for any catastrophic event such as the loss of a job, illness or financial loss” in addition to “any other life event”.
It said the policy covers “life events for a family member, spouse, child, grandchild, grandparent, sibling, child-in-law, or friend” for “at least six months”.
In the past, insurance companies have struggled to find life insurance policies that cover a range a number of common life conditions.
“Our premium is not that high compared to the rest of the market. “
The market is growing,” said Ajay Bhargava, president and managing director of Medinsinks India.
“Our premium is not that high compared to the rest of the market.
However, it is a very competitive market.
It’s a tough market, especially for small and medium enterprises.”
Markelin said the new policy, which covers a number in excess of five million lives, covers an average of 2.9 per cent of the insureds total policy coverage, with the highest premium at 4 per cent.
“We believe this policy is going to help our customers to save more for their next life insurance coverage,” it said.
Markelins insurance coverage is also more comprehensive than its rival, Markel, which only offers a limited range of policies.
The company said that in the last fiscal, it had received requests for more policy coverage from a number customers and that the current policy offers coverage for 1.9 million lives.
Marklin has been trying to ramp up its sales in the insurance sector.
It was one of the early adopters of the Life Insurance platform and has been the target of an internal investigation by the insurance regulator, but the regulator said that it found that Markels policies were more comprehensive.