Max Life Insurance has unveiled two new life insurance plans, which are compliant with the new Insurance Regulatory and Development Authority (Irda) regulations.
Called Max Life Life Perfect Partner Super and Max Life Whole Life Super, the two new products have been intended to re-emphasize the protection and long term savings.
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Max Life Insurance product solutions management director and head, Viswanand, said: ”Our new offerings are ‘New product Regulations’ ready and have been specially designed as an attempt to re-emphasize the basic purpose of life insurance – Protection and long term savings."
He added that Max Life Life Perfect Partner Super is designed for those customers who are looking at a safe, systematic and self completing retirement planning for themselves and with an option to secure the same for their spouse in their absence.
"The new product ‘Max Life Whole Life Super’ retains the features of our erstwhile flagship product ‘Max Life Whole Life Plan’, which was liked by our customers including features essential to ensure flexibility and liquidity throughout the policy term.”
Max Life Whole Life Super is designed to ensure protection until the age of 100 years.
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By GlobalDataThe two new life insurance plans will be compliant with the new Irda regulations that will be in effect from January 2014.
