All occupation and non-resident residents are worried about their old age. For this reason, various insurance companies have initiated sufficient policies regarding pensions. Considering the large number of customers, Max Life Insurance Company Limited has launched the ‘Max Life Saral Pension’ scheme. It can be purchased once throughout your life and take advantage of it.
It is said by Max Life Insurance, ‘This is an annuity product that a person can benefit from until the last moment of life. A fixed payment is made under this plan so that their life does not change even after retirement.
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Option to take single and joint projects
In this project, individuals can subscribe alone or with anyone. This plan can be subscribed to by anyone between the ages of 40 and 80. Single and joint projects will be paid for as long as members are alive.
How will you be able to pay?
Under this plan, people will be able to pay in monthly, quarterly, semi-annual and annual installments. According to the Insurance Regulatory and Development Authority (IRDA), ‘The plan will only be paid on a pending basis. This means that the first annual payment will be after the modal period. ‘
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The money is used during an emergency
It can also be used for emergency use. Suppose the policyholder gets a serious illness, he is able to use up to 95% of his investment.
