“Max Life Life Perfect Partner Super” for a Safe, Systematic and Self Completing retirement planning
“Max Life Whole Life Super” for Legacy Planning
Plans with superior customer value proposition;
Industry First Payor Rider on Adult Life
New Delhi, Dec 11, 2013: Continuing a tradition of delivering products with superior customer value, Max Life Insurance Co. Ltd, one of India’s leading life insurance companies announced the launch of 2 new life insurance plans ‘Max Life Life Perfect Partner Super’ and ‘Max Life Whole Life Super’. Both these products are compliant with the new IRDA regulations which will be in effect from January 2014.
Speaking at the launch, Mr. V Viswanand, Director & Head Product Solutions Management, Max Life Insurance Co. Ltd. said, “Our new offerings are ‘New product Regulations’
Max Life Life Perfect Partner Super
Max Life Life Perfect Partner is a simple, affordable yet powerful solution towards a secure and risk free retirement planning.
Guaranteed 212.5% of Guaranteed Maturity Sum Assured - 7.5% of Guaranteed Maturity Sum Assured for 15 years from age 61 years to 75 years on each policy anniversary. 100% of Guaranteed Maturity Sum Assured plus Accrued Bonus and Terminal Bonus if any, on policy maturity at age 75 years
Flexible Premium Payment Terms - Choice between 7/10/15/20 years Premium Payment Term Options
· Flexible Bonus Options- Flexibility to choose your bonus options of Paid in Cash, Premium Offset and Paid Up Additions option, where one has the flexibility to withdraw the accrued bonuses in case of any need.
Terminal Bonus -An additional bonus paid, on earlier of Death, Surrender or Maturity, provided the policy is in force for atleast 10 years
· Option to Guarantee Retirement for Your Spouse – With this product Max Life has also introduced the Max Life Payor Rider which is an industry-first payor rider on adult life and allows the product to become a complete retirement solution for self and spouse. The policy could be purchased in the spouse’s name along with Max Life Payor Rider. This will ensure that the policy continues with all its benefits in case Payor is disabled or is no more.
Max Life Whole Life Super
A Plan that is designed to outlive you, ensures protection till age 100 and legacy for the next generation.
· Protection to age 100 – The plan offers protection till age 100 and increasing death benefit throughout the policy term through accumulated bonuses
· Flexible Premium Payment Terms - Choice between 10/15/20 years Premium Payment Term Options
· Legacy for family – Maturity benefit of 100% of guaranteed maturity sum assured along with accrued paid up additions and terminal bonuses paid at age 100 or on death of the policyholder acts as a legacy for the family
· Flexible Bonus Options- Flexibility to choose your bonus options of Paid in Cash, Premium Offset and Paid Up Additions option where one has the flexibility to withdraw the accrued bonuses in-case of any need.
· Additional Rider Benefit – Flexibility of additional Payor rider which provides policy continuance benefit in case of Death or disability of the Policyholder.
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