Max Life and Policybazaar come together to launch 'Smart Fixed-return Digital Plan - Press release
Max Life and Policybazaar have come together to launch the 'Smart Fixed-return Digital Plan’, a short-term online life insurance savings plan for millennials.
The novel offering will help customers meet short-term financial goals with a minimum policy tenure of five years. The plan offers guaranteed tax-free returns up to 6.14%2 along with life cover protection at monthly premiums as low as Rs. 3000/-* and is also available to purchase on Max Life’s website and Policybazaar.com.
Key features of ‘Max Life Smart Fixed-return Digital Plan’:
- Simplified on-boarding process along with instant confirmation of issuance after journey completion3
- Fully guaranteed returns payable as a lump sum at maturity
- Flexibility to pay premiums monthly or annually for just five years
- Flexibility to choose between different variants, tailored to meet different financial security needs
- Higher benefits offered for higher premiums paid, as per the chosen goals
- Special benefits for women customers: 0.25% additional maturity benefit for five years’ policy term; 0.5% for ten years’ policy term
- Option of taking a loan against policy to help in case of financial emergencies
- Tax benefits on premiums paid and tax-free maturity benefits, depending on the chosen variant, as per prevailing tax laws4
About Max Life Insurance (www.maxlifeinsurance.com)
Max Life Insurance Company Limited is a Joint Venture between Max Financial Services Limited and Axis Bank Limited. Max Financial Services Ltd. is a part of the Max Group, an Indian multi-business corporation. Max Life offers comprehensive protection and long-term savings life insurance solutions, through its multi-channel distribution including agency and third-party distribution partners.
Max Life has built its operations over two decades through a need-based sales process, a customer- centric approach to engagement and service delivery and trained human capital. As per public disclosures and annual audited financials for FY2021-22, Max Life has achieved a gross written premium of INR 22,414 crore. As of 31st March 2022, the Company had INR 1,07,510 crore of assets under management (AUM) and a Sum Assured in Force of INR 1,174,515 crore.
For more information, please visit the Company's website at www.maxlifeinsurance.com
Max Life Insurance Company Limited is a Joint Venture between Max Financial Services Limited and Axis Bank Limited. Corporate Office: 11th Floor, DLF Square Building, Jacaranda Marg, DLF City Phase II, Gurugram (Haryana) -122 002. You can call us on our Customer Helpline No. 1860 120 5577. Trade logo displayed belongs to Max Financial Services Ltd. and Axis Bank Ltd. respectively and with their consents, are used by Max Life Insurance Co. Ltd.
About Policybazaar (www.policybazaar.com)
Policybazaar.com is one of India's largest insurance marketplaces. It is the flagship platform of PB Fintech, that owns fintech brand, Paisabazaar.com, and lending & insurance marketplace in the UAE region, Policybazaar.ae. The Policybazaar.com Group has backing from a host of investors including the likes of PE funds and other family offices. Policybazaar.com started with a purpose to educate people on insurance products and with its offerings has addressed the large and highly underpenetrated online insurance markets.