Bancassurance for Life Insurance Solutions.
Life is full of surprises. Unexpected events that strike without warning can disrupt the smooth rhythm of life. As the primary earning member, you must ensure the financial security of your family if you are taken away from them forever. The A.P. Mahesh co-operative Urban Bank acknowledge this fact and as such has entered into a corporate agency agreement with Max Life Insurance Co. Ltd., one of the most reputed Life Insurance companies in India to render Life Insurance solutions to its customers. Max Life Insurance Company Limited is a Joint Venture between Max India Ltd. and Mitsui Sumitomo Insurance Co. Ltd.
The A.P. Mahesh Co-operative Urban Bank Ltd., is in line with its core values of customer centricity, ethics, transparency, teamwork and ownership has entered into this arrangement to distribute the best Life Insurance solutions to its customers. The arrangement also earmarks a class customer service by setting up dedicated Max Life service executives in bank branches to cater to A.P. Mahesh Co-operative Urban Bank customer queries who have taken Max Life Insurance policies.
This arrangement is complemented by Max Life Insurance’s flexible product suite, service excellence, and financial strength and internationally benchmarked training processes, which ensures that they are able to deliver the true value of life insurance to our customers. The product suite offered to our customers is based on the core needs of life insurance for an individual.
Insurance is the subject matter of solicitation and nothing contained on the website shall constitute or be deemed to constitute an advice, an offer to purchase or an invitation or solicitation to undertake any activity or enter into any transaction relating to the Life Insurance Products. The contract of Insurance is between Max Life Insurance Co. Ltd., and the insured/proposer, and not between The A.P. Mahesh Co-operative Urban Bank Ltd., and the insured/proposer.
Max Life Insurance Company Policy holders are requested to note that with regard to the more details on the risk factors and terms & conditions, please read the proposal form /sales brochure carefully before concluding a sale. You may be entitled to certain tax benefits on your premiums and policy benefits. Please note all the tax benefits are subject to applicable tax laws prevailing at the time of payment of premium or receipt of policy benefits by you. Tax benefits are subject to changes in tax laws. Please note the Registered Office address of the Max Life Insurance Co. Ltd., which is situated at 11th Floor, DLF Square Building, Jacaranda Marg, DLF City Phase II, Gurgaon-122002 (Harayana) and for further any details, call Toll Free numbers 1800-180-5577 (For MTNL & BSNL lines) or 1800-200-5577 (From other service lines).
Life Insurance products are offered and underwritten by Max Life Insurance Company Limited. The A.P. Mahesh Co-operative Urban Bank Limited is the Corporate Agent of Max Life Insurance Co. Ltd. The A.P. Mahesh Co-operative Urban Bank Limited, HO is situated at 5-3-989, 3RD Floor, Sherza Estate, N.S.Road, Osmangunj, Hyderabad-500095 (A.P.) Corporate Agent License No: 2147260 and Advertisement Reference Number is- Max Life/ APMAHESHBANK/01.
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No Minimum Balance, No initial deposit to open the account.
No restrictions like Age, Income Criteria for opening BSBD Account.
All provisions of KYC, AML, PML are applicable.
Passbooks are given free.
Maximum of Four withdrawals in a month including ATM withdrawals;
RuPay ATM Cum Debit Card with Accidental Insurance of Rs. 1.00 Lac free
No charges for all the above facilities
The Hon’ble Prime Minister in his Independence Day Speech on 15th August, 2014 announced a comprehensive program of Financial Inclusion targeting the large number of people who are currently deprived of even rudimentary financial services. The PradhanMantri Jan DhanYojana (PMJDY) sets out to provide a basic Bank account to every family who till now had no account.