India-based Max Life Insurance has rolled out a new insurance policy for high net worth individuals called the Max Life Platinum Wealth Plan.

The new life insurance plan has been designed for higher returns to customer who wants a shorter policy term of 10 years only, reported Financial Express.

The plan provides guaranteed loyalty additions and guaranteed wealth boosters to further enhance the maturity fund value.

Additionally, Max Life Platinum Wealth Plan offers unlimited free switches, thereby giving policyholder the flexibility to switch between funds depending on market conditions and encourage active portfolio management.

Max Life Insurance CEO and managing director Rajesh Sud said: "At Max Life Insurance, we design our products keeping in mind future needs of our customers and requirements.

"The ‘Max Life Platinum Wealth Plan’ has been specifically designed for high net worth individuasl with an objective of enhanced flexibility and more features for customers to choose from.

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"The launch of Max Life Platinum Wealth Plan is also in line with our strategy to offer customised products and service to our customers as per their segment."