Max Life Insurance announced the launch of the 'Max Life Forever Young Pension Plan' and 'Max Life Guaranteed Life Time Income Plan' - a unique pension planning solution, with features based on extensive consumer research. This solution ensures a carefree and financially-secured retirement for an individual and the spouse.
Speaking at the launch, Mr. Rajesh Sud, CEO & Managing Director, Max Life Insurance, said,"In a proprietary study conducted by us, we unearthed an unaddressed consumer need that planning for retirement is complete only if the pension solution caters to the need of self and spouse. Additionally, the research also revealed that the consumer is concerned about the impact of inflation on retirement corpus.
Through these products, we have tried to address these needs by introducing features like 'Max Life Partner Care Rider' and the 'Save More Tomorrow Option'.
Max Life Forever Young Pension Plan offers two fund options - Maximizer (maximum investment in equity up to 60%) and Preserver (maximum investment in equity up to 35%)
Max Life Guaranteed Life Time Income Plan offers four annuity options with combinations of single or joint life pension and with or without Return of Premium.