Max Life launches ‘Smart Flexi Protect Solution’, a market-linked solution that offers protection & wealth creation benefits

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New Delhi, September 7th, 2022: Max Life Insurance Company Ltd. (“Max Life”/ “Company”), announced the launch of ‘Smart Flexi Protect Solution’#, a three-in-one offering that provides health and enhanced life cover, along with market-linked investment returns.

A combination of Max Life Flexi Wealth Plus (UIN:104L115V02), and Max Life Critical Illness and Disability Secure Rider (UIN:104A034V01), this unique proposition of wealth creation along with comprehensive protection against death, disability and critical illness.

Prashant Tripathy, MD & CEO, Max Life said, “Max Life’s Smart Flexi Protect Solution is designed as a go-to choice for earning individuals, especially for self-employed profiles. The solution is also a hallmark of Max Life’s product innovation strength, driven fundamentally by consumer behavior and constantly endeavors to deliver tailored, flexible product offerings keeping speed and simplicity principles in mind.”

Key highlights of Max Life’s Smart Flexi Protect Solution:

  1. Enhanced Death Benefit: Max Life’s Smart Flexi Protect Solution has enhanced death benefit, offering the nominees an extra layer of financial protection in the event of the unfortunate demise of the insured.
  2. Health Cover: With Max Life’s Critical Illness and Disability Secure Rider, one gets financial protection against 64 critical illnesses and total permanent disability.
  3. Investment Benefit: The solution can help policyholders meet investment objectives through market-linked returns.
  4. Frictionless Onboarding~: The solution is differentiated by its simplified onboarding experience and easy issuance with video medical examination and relaxed financial documentation.
  5. Tax Benefits ##: Tax benefits may be available as per the prevailing tax laws.

The ‘Smart Flexi Protect Solution’ is a combination of:

1.     Max Life Flexi Wealth Plus: Flexi Wealth Plus will help create financial protection with enhanced life cover plus savings with market-linked returns. This plan offers five different investment strategies and 11 funds along with return of mortality charges at maturity.

2.     Max Life Critical Illness and Disability Secure Rider: The Critical Illness and Disability Secure Rider acts as a financial net, offering a specific coverage amount to financially secure one against 64 critical illnesses and total permanent disability.