NEW DELHI: Max Life Insurance Company Ltd has launched ‘Smart Flexi Protect Solution’, a three-in-one plan that gives well being and enhanced life cowl, together with market-linked funding returns.
A mix of Max Life Flexi Wealth Plus, and Max Life Critical Illness and Disability Secure Rider, ‘Smart Flexi Protect Solution’ provides wealth creation together with complete safety towards dying, incapacity and significant sickness.
Prashant Tripathy, managing director and chief government officer, Max Life mentioned, “Max Life’s Smart Flexi Protect Solution is designed as a go-to alternative for incomes people, particularly for self-employed profiles. The answer can be an indicator of Max Life’s product innovation power, pushed essentially by shopper conduct and continually endeavors to ship tailor-made, versatile product choices protecting pace and ease ideas in thoughts.”
The ‘Smart Flexi Protect Solution’ is a mix of Max Life Flexi Wealth Plus: Flexi Wealth Plus will assist create monetary safety with enhanced life cowl plus financial savings with market-linked returns. This plan provides 5 completely different funding methods and 11 funds together with return of mortality prices at maturity.
Max Life Critical Illness and Disability Secure Rider: The Critical Illness and Disability Secure Rider acts as a monetary internet, providing a selected protection quantity to financially safe one towards 64 essential diseases and complete everlasting incapacity.
Key highlights of the plan are:
Enhanced dying profit: Max Life’s Smart Flexi Protect Solution has enhanced dying profit, providing the nominees an additional layer of economic safety within the occasion of the unlucky demise of the insured.
Health cowl: With Max Life’s Critical Illness and Disability Secure Rider, one will get monetary safety towards 64 essential diseases and complete everlasting incapacity.
Investment profit: The answer may also help policyholders meet funding aims by means of market-linked returns.
Frictionless Onboarding: The answer is differentiated by its simplified onboarding expertise and straightforward issuance with video medical examination and relaxed monetary documentation.
Tax Benefits: Tax advantages could also be obtainable as per the prevailing tax legal guidelines.
As per public disclosures and annual audited financials for FY21-22, Max Life achieved a gross written premium of ₹22,414 crore. As of 31 March 2022, the corporate had ₹1.08 trillion of property below administration (AUM) and a sum assured in drive of ₹11.75 trillion.
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