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Max Life Insurance launched non-linked life Insurance Savings Plan

Published on June 16, 2023
Current Context: Max Life Insurance Smart Wealth Advantage Growth Par Plan is a new product launched by Max Life Insurance Company on June 8, 2023. It is a non-linked participating individual life insurance savings plan that offers financial protection and savings accumulation for individuals.
Max Life Insurance launched non-linked life Insurance Savings Plan
  • Some of the features of this plan are:
    • It offers early liquidity from the first policy year.
    • It provides increased protection benefits, extra benefits on maturity to women, and discounts on premiums to transgender customers.
    • It allows customers to choose from four fund options - Equity Advantage Fund, Balanced Advantage Fund, Debt Advantage Fund and Secure Advantage Fund.
    • It gives customers the flexibility to switch between funds, redirect future premiums and withdraw partially.
    • It also provides bonuses based on the performance of the participating fund.

Question:

Q.1 When was Max Life Insurance Smart Wealth Advantage Growth Par Plan launched?
a. June 9, 2023
b. June 8, 2023
c. June 10, 2023
d. June 11, 2023

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