CHENNAI: Max Life Insurance Company Ltd has launched Smart Wealth Advantage Growth Par Plan – a non-linked participating individual life insurance savings plan.
Read More: How Many Years Will It Take For Your Invested Money To Double? Know All About Rule 72
The plan offers comprehensive financial protection for the family for key milestones in life, including retirement, according to a statement. With its six benefits, the plan enables customers to fulfil their retirement goals while assuring comprehensive protection for themselves and their family.
Read More: Mutual Funds To Gold, Best Investment Options To Consider During Recession
Prashant Tripathy, MD & CEO, Max Life, said, “We recognized the emerging need for a well-designed income plan emphasizing the value of a regular additional income for long-term financial stability. With Smart Wealth Advantage Growth Par Plan, our primary objective is to offer a comprehensive savings plan, which provides lasting income assurance during the years when one needs it the most.”
Read More: 7th Pay Commission: Central Govt Employees Likely To Get 3-4% DA Hike In July 2023; Details Here
The plan combines bonus-based income with an in-built guarantee for long-term financial protection and offers enhanced protection benefits through policy continuance benefit and additional accidental cover. Promoting financial inclusivity, the plan extends special discounts to transgender customers and additional benefits on maturity for women.
