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Max Life launches new pension plan with guaranteed financial protection


Max Life launches new pension plan with guaranteed financial protection
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IANS
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Insurance.. Image Source: IANS News
New Delhi, May 17 : Max Life Insurance Company on Monday announced the launch of Max Life Saral Pension , a Non-Linked, Non-Participating Single Premium, Individual Immediate Annuity Plan.
The plan guarantees a regular stream of income in one s golden years, offering customers a chance to maintain their lifestyle pre and post retirement with the assurance of guaranteed income as long as the policyholder lives.
The product has been launched at a time when a large section of the society is showing an inclination towards securing their future financial stability. According to the findings of Max Life s recent survey India Protection Quotient 3.0 in association with KANTAR, it was revealed that in the backdrop of Covid-19, around 52 per cent of urban India is saving for retirement/old age security. ....

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Max Life Insurance has announced its partnership with RCB for the 3rd consecutive year

India Protection Quotient Moves Up During Pre-Covid Times: IPQ 3.0 Survey


India Protection Quotient Moves Up During Pre-Covid Times: IPQ 3.0 Survey
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India Protection Quotient Moves Up During Pre-Covid Times: IPQ 3.0 Survey
On the back of increased awareness and ownership of life insurance, urban India s protection quotient improved from 35 (during pre-Covid times in IPQ 2.0) to 39 now.
Updated: March 09, 2021 4:24 pm IST
The COVID-19 pandemic created unique circumstances for individuals and households, but also steered most of us towards proactive financial planning and improved health protection. To assess the pulse of urban Indians and their attitude towards financial protection in the backdrop of the pandemic, Max Life Insurance in partnership with KANTAR unveiled findings of the third edition of its flagship survey in the form of India Protection Quotient (IPQ) 3.0 . Traced from the beginning of the lockdown in March 2020, to the phased reopening of the sectors, up until the announcement of viable vaccines i ....

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A year after Covid hit economies, India still financially insecure: Survey


Since the nationwide lockdown in March 2020, urban Indians have grown more anxious about financial security, the Max Life India Protection Quotient 3.0 (IPQ 3.0) survey showed. Anxiety levels climbed up from 55% to 61% this year, the survey said.
Indians were most anxious about the possibility of a family member catching the Coronavirus or death of a breadwinner. The potential cost of treatment also added to the pressure.
There is a significant shift towards increasing savings and investments, the survey said. Financial anxieties related to Covid-19, and ability of current earnings to cover expenses have emerged as top concerns for Urban Indians, it added. ....

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