Max Life introduces the Smart Total Elite Protection Term Plan

Current Context: Max Life Insurance Company Ltd. announced the launch of the Smart Total Elite Protection Term Plan on December 18, 2023.

• This is a non-linked, non-participating, individual pure-risk premium life insurance plan.
• Here are some key features of the plan:
• It offers a comprehensive, customizable protection solution for you and your loved ones at an affordable price.
• You pay only for the benefits that suit your requirement, and you have the freedom to design your own plan keeping in mind your protection needs.
• It offers several options to customize your term insurance plan, given the fact that every individual can have different insurance needs.
• It provides coverage up to 85 years of age.
• It offers Accelerated Critical Illness Benefit, Accident Cover, Max Life Waiver of Premium Plus Rider, Max Life Critical Illness and Disability Rider, Special Exit Value, Terminal Illness Cover, Cover Continuance Benefit, and Insta Payment on Claim Intimation.
• It’s only available for people earning more than 10 lakh per annum and those looking to buy a cover of 2 crore or more.

Question:

Q.1 What is the Smart Total Elite Protection Term Plan?
a. A linked, participating, individual pure-risk premium life insurance plan
b. A non-linked, non-participating, individual pure-risk premium life insurance plan
c. A linked, non-participating, group pure-risk premium life insurance plan
d. A non-linked, participating, group pure-risk premium life insurance plan