Max Life Insurance Co. Ltd has recently introduced ‘Max Life Guaranteed Lifetime Income Plan’, an enhanced variant of traditional annuity plan, which aims to make financially impactful retirement planning.
The insurer has introduced the ‘deferred annuity’ variant, which will allow the customers to opt for the plan early for their retirement, thereby locking high annuity rates presently prevalent for a longterm future, therefore assuring a consistent and risk-free lifelong annuity payment.
Aalok Bhan, Director and Chief Marketing Officer, Max Life, said, “Customers nearing retirement age are at times worried for a regular income postretirement. They have a constant fear of an uncertain family future, along with an onset of ageing and health issues which makes them concerned about a secure future. Here is where the new ‘Deferred Annuity’ variant offers them a peace of mind of investing today, during their productive years, and building a corpus to reap upon post retirement. “
