Private insurer Max New York Life Insurance today launched a ‘Guaranteed Monthly Income Plan’ which promises a regular income flow.
“Guaranteed Monthly Income Plan has been designed with an objective of filling in this gap of extra income and securing one’s future in the years when household needs are at its peak,” Max New York Life Insurance CEO and Managing Director, Mr Rajesh Sud, said in a statement.
The plan offers flexibility to choose policy terms.
Consumers can choose either 6 years or 11 year policy term depending on their financial goals.
It also offers comprehensive death benefit to ensure that the policy objectives are fulfilled even in case of such an exigency.