Max Life Insurance has introduced Shiksha Plus Super, a new a unit-linked policy focused on child education and career.
The new child plan offers resources for the overall development of children even in absence of resource provider.
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Speaking at the launch of the new product, Max Life Insurance CEO & managing director Rajesh Sud said, "The launch of SHIKSHA PLUS SUPER completes our suite of products required for all life stage needs that are compliant with the new guidelines effective January 1, 2014.
"This product is packed with with superior customer value proposition and greater emphasis on protection to gain control over uncertainties of life and inflation."
Some of the features of Shiksha Plus Super are lump sum payout in case of unfortunate death; school fees support; funding of premium; guaranteed loyalty additions to increase maturity value; and partial withdrawal.
In addition, the new plan offers clients the choice of investing premiums in five investment funds offered by the company with an option of Dynamic Fund Allocation and Systematic Transfer Plan.
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By GlobalData
