Mumbai, Aug 5 (UNI) Keeping in view the interests of unorganised sector workers, Max New York Life Insurance Company has announced a new scheme ''Max Vijay'' that combines life insurance and savings scheme.
Speaking to mediapersons here today, Company Deputy Managing Director Rajesh Sud said the policy provides life insurance cover at an affordable price and also ensures savings for the policy holder.
A policy holder can pay minimum premium of Rs one thousand and maximum of Rs one lakh. The policy is for period of 10 years, however, a needy person can withdraw one-third deposit amount after three years of purchase of policy.
Company Deputy Chief Operating Officer Rajit Mehta said, ''Our vision is to become the most admired life insurance company. This has inspired us to innovate inclusive and accessible insurance products that mark a paradigm shift in how life insurance is brought, sold and serviced.'' UNI ST RN NP1732