Max Life Insurance Company Ltd. 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.
The Smart Wealth Advantage Growth Par Plan offers six benefits to help customers fulfill their retirement goals. These include 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. Max Life announced its highest-ever PAR bonus of Rs. 1,604 Cr.
in FY22-23, 8% higher than the last fiscal, to help policyholders reach their long-term financial goals. 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.”
