Max New York Life launches 'Life Maker Premimum'

Chennai, May 30 (UNI) Leading life insurance service provider Max New York Life today launched its new 'Life Maker Premimum', a flexible unit linked endowment plan tailored for middle income group.

Talking to newspersons here, company Marketing Director Debashis Sarkar said the 'Life Maker Premimum' was a powerful investment plan that provides customers protection with flexibility to manage their financial needs.

'Life Maker Premimum' empowers the customers to manage their investments by switching between funds without any tax liability, re-directing future premimums and investing more through fund top-ups depending on availability of additional funds with the customers.

"The switch option offered by the new scheme is one of the most flexible ones in the market where money from one fund can be switched to multiple finds in a single switch", he added.

He said the plan offers six free switches during the year.

"In the case of level insurance cover, the nominee will receive higher of the sum assured", he said adding during the tenor of the plan, depending on his life events and lifestage needs, the customer has the flexibility to increase his insurance cover".

"Life Maker Premimum also offers a wide-age eligibility spectrum from 91 days to 65 years with maximum maturity age of 75 years and minimum maturity age of 18 years", he said adding that the policy offers limited pay option of five to 15 years and regular pay, which will be equal to the policy term with minimum premium of Rs 20,000." UNI