Max New York Life launches 'Secure Dreams' Plan

By SiliconIndia   |   Thursday, October 29, 2009   |    1 Comments
Print Print Email Email
Hyderabad: Insurance firm Max New York Life Insurance has unveiled the Secure Dreams Plan, which provides an alternative investment option for those who do not want to bear risk pertaining to the inherent volatile nature of the stock market. "Secure Dreams has been specially designed as a hallmark of guarantee and safety to address the consumers' need for capital preservation and growth as well as provide transparency," said Manik Nangia, Vice President and Head Product Management at Max New York Life. Secure Dreams is built on the Universal Life platform of Max New York Life, reports PTI. Universal Life is a life insurance plan where premiums are deposited into a fund and charges for insurance and other expenses are deducted from these funds. "Secure Dreams keeps in mind the current risk perceptions of the majority of Indian consumers. It is a great protection-cum-wealth creation option that assures safety and guaranteed returns on investment. With this offering, we are now the only life insurers to introduce Universal Life policies in India," Manik said. Secure Dreams offers the customers a guaranteed return of at least 3.5 percent per annum ensuring an increase in their account value irrespective of market volatilities. The return is credited to the account value on monthly basis. "For the first three months from the date of launch, we are providing the customers with a minimum guaranteed interest of 6.5 percent," she added.
Looking For Loan? Let us Help you !!!
Product
Name
City
Phone
Email
Loan Amount
Annual Income
Preferred banks
Captcha
Type the characters you see in the picture
  Submit
SPOTLIGHT
Bharti Airtel board approves
Telecom major Bharti Airtel on Thursday said its board of directors has approved fund raising ..
Banks need to raise own capital
Public Sector Banks (PSBs) may raise capital themselves to meet regulatory and growth ..
90% of developing economies
Ninety per cent of developing economies, including India are falling behind or are at risk of fall..
Brookfield to buy RIL E-W Pipeline
Canadian investor Brookfield has acquired the loss-making East-West Pipeline Ltd from Mukesh Amba..
Previous
Next