Max Life Insurance launches two products

Mumbai: Private sector life insurance company Max Life Insurance has launched two new products, a company release said.

As per the company release, both these products are compliant with new IRDA guidelines which would be effective from January 2014.

"Our new offerings are compliant with new product regulations and have been specially designed as an attempt to re-emphasise the basic purpose of life insurance -- protection and long term savings," Max Life Insurance Director and Head (product solution management) V Viswanand said.

'Max Life Life Perfect Partner Super' is an attempt to reach out to customers looking at a safe, systematic and self-completing retirement planning for themselves, with an option to secure the same for their spouse in their absence, the release said.

'Max Life Whole Life Super' retains features of the company's erstwhile flagship product 'Max Life Whole Life Plan' including features essential to ensure flexibility and liquidity throughout the policy term.