Max New York Life launches new product

Private insurance company Max New York Life today announced the launch of its new product 'Secure Dreams' here.

"Our new offering 'Secure Dreams', built on Universal Life platform, is an attempt to answer the concerns of the customer like guarantees on investment, reasonable return and transparency," said Company's Zonal Vice President - Agency (North 1),Sanjay Bakshi here today.

The product is a great protection cum wealth creation option that assures safety and guaranteed returns on investment. "For the first three months from the date of launch, we are providing the customers with a minimum guaranteed interest of 6.5 per cent, he said.

Secure Dreams also allows partial withdrawals from the account value after the third policy anniversary, he said. The policyholder also has a choice of regular top-ups with a maximum limit of 25 per cent of cumulative annual premium paid till date, he further added.

Secure Dreams has been specially designed as a hallmark of guarantee and safety to address the consumers' need of capital preservation and growth as well as provide transparency.

The product provides an alternative investment option for those who do not want to bear risk pertaining to the inherent volatile nature of the stock market, he said.

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