Max Life launches secure dreams
Insurance major Max New York Life Insurance Company Limited has launched a unique product-universal life plan-offering best of traditional as well as unit linked life insurance benefits safeguarding the policyholder from the volatile nature of stock market.
Launching the 'Max New York Life Secure Dreams' at a media conference here today, Max Life's Chief Marketing Officer Ms Anisha Motwani said the new product, which has been specially designed as hallmark of guarantee and safety to address the consumers need of capital preservation and growth, has main features like guaranteed return, guaranteed policy continuance, guaranteed hassle free issuance of policy, guaranteed benefits and guaranteed life cover.Ms Motwani, who hails from Rajkot, said the universal life plan provides for minimum annual premium of Rs 15,000 and a maximum of Rs two lakh for a period ranging from 11 to 15 years. The policy holder will get upto ten times of the premium as life insurance cover. In the unfortunate event of the policy holder's death, the policy continues with the company paying the premium. This ensures that the family of policyholder gets sum assured and funds as per the plan till the end of policy tenure.Max Life Insurance, which started operations in India in 2001, has a total of 11,781 employees on its roll and 712 offices, including 389 in cities, she said.
POSTED BY:-
SHILPI KUMARI
PGDM 3d SEM