Max Life Insurance launches ‘Max Life Cancer Insurance Plan'

Max Life Insurance, one of India’s leading non-bank promoted private life insurers, a joint venture between Max Financial Services Ltd and Mitsui Sumitomo Insurance Co. Ltd, today announced the launch of its new product -‘Max Life Cancer Insurance Plan’– a protection plan that is designed to provide financial assistance across all stages of cancer. In addition, the plans also provides the guaranteed income benefit of up to 50% of sum assured.

Speaking on the launch, Mr. Rajesh Sud, Executive Vice Chairman & Managing Director, Max Life Insurance said, “According to the highly respected Lancet Oncology Journal, almost 10 lakh new cases of cancer are reported in India every year. This number is feared to rise alarmingly to about 17 lakh new patients by 2035. Also,medical science has shown that Cancer doesn’t play favourites and can happen to anyone. The good news is that the medical science is able to come up with solutions that ensure longevity and quality of life. However, modern medical treatment is expensive and not having enough money for cancer treatment could be the big concern. In light of these facts financial planning for cancer incidence is critical in today’s time. The Max Life Cancer Insurance plan has been designed carefully to provide complete protection to the customer and is amongst the most comprehensive cancer plans available today.”