A ULIP with a range of flexible solutions and options to personalize your investments basis different risk appetites
NEW DELHI: Max Life Insurance Company Ltd., has announced the launch of Max Life Flexi Wealth Plus, a unit-linked non-participating individual life insurance plan, that combines protection and savings into a simple and flexible solution. Packaged to have the “best of all” into one single product for the customer – ‘Flexi’ corresponds to the range of flexible options the product offers, ‘Wealth’ signifies the financial growth prospects, and ‘Plus’ captures the essence of added extra benefits as sought by the customer.
With Max Life Flexi Wealth Plus Plan, the customer has the power to personalize their unit-linked insurance plan (ULIP) basis individual risk appetites and convenience. They can also design their premium payment and portfolio in line with individual demands, context, and moments in life. The innovative product is an ideal combination of protection and savings rolled into a simple and flexible solution that allows one to fulfill their goals, be it short-term wealth accumulation or long-term wealth creation, in a manner most suited to them.”
Under Max Life Flexi Wealth Plus Plan, a range of 10 funds and 5 investment strategies are available to choose from. Customers can choose one amongst the five available investment strategies, at no extra cost. While one of these is a self-managed strategy that lets the customer choose any of the fund(s) in any proportion, the other four [lifecycle based portfolio strategy, trigger-based portfolio strategy, systematic transfer plan, and dynamic fund allocation strategy] are automated strategies which let the customers avail a hassle-free portfolio rebalancing based on a set and defined manner.
Appealing to a larger set of customers through funds with a wider risk-return framework, the Flexi Wealth Plus Plan offers more choices in self-managed/automated investment portfolio strategies. Being the ‘New’ in new ULIP, the product is aimed at offering enriched returns along with innovative engagement initiatives to tap the unexplored needs in the market. Flexi Wealth Plus Plan is a rich value-add to the bouquet of products available with Max Life, which makes it an important instrument to address the specific desires of today’s investment-savvy ULIP customers.
Product Features include:
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2014 The Global Indian New Network (TGINN)