Max Life Insurance Company Ltd. (“Max Life” / “Company”), has launched Smart Wealth Advantage Growth Par Plan (UIN – 104N135V01) – ANon-Linked Participating Individual Life Insurance Savings Plan. The plan combines the power of ‘Protection, Liquidity, and Flexibility’ into a simple solution and offers comprehensive financial protection for the family for key milestones in life, including retirement.
Max Life announced its highest-ever PAR bonus of Rs. 1,604 Cr. in FY22-23, 8% higher than the bonus declared in the last fiscal. The Smart Wealth Advantage Growth Par Plan offers six benefits to help customers fulfill their retirement goals: liquidity, guaranteed component, Cash Bonus, retirement income, flexibility, and enhanced protection benefits. Liquidity includes Insta Income with enhanced early-liquidity benefits, Guaranteed Income**-based benefits, Cash Bonus, retirement income with minimum guarantee, Flexibility with 4 income designs, and enhanced protection benefits through Policy continuance benefit, additional accidental benefit, and optional riders.
Prashant Tripathy, Managing Director& CEO, Max Life said, “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.”