Max Life Launched Life Insurance & Health Combined Insurance Policy Named ‘SEWA’

Current Context: Max Life Insurance has recently launched a new plan named SEWA, which stands for Secure Earnings & Wellness Advantage. It is a life insurance savings plan that offers the benefits of health, life, disease, disability, and savings right at the outset.

• It also rewards you for living a healthy lifestyle by offering a wellness program and a 5% discount on the first-year premium if you enroll for it.
• Additionally, it offers a special 5% discount for women and transgender customers to promote financial inclusion.
• SEWA is available in two variants: Elite and Lite, which differ in terms of premium payment term, sum assured on maturity, and fixed daily hospitalization cash benefit. You can choose the variant that suits your needs and goals best.
• SEWA is a comprehensive plan that covers hospitalization, ICU stay, surgeries, critical illness, and disability, besides life cover. It also offers guaranteed returns payable as a lump sum at maturity.
• You can also avail tax benefits as per prevailing tax laws on your premiums and policy benefits. SEWA is a smart way to secure your earnings and wellness with a single policy.

Question:

Q.1 What does SEWA stand for in the context of Max Life Insurance’s new plan?
a. Savings & Earnings With Assurance
b. Secure Earnings & Wellness Advantage
c. Secure Earnings With Advantage
d. Savings & Wellness Advantage