Max New York Life launches post-retirement financial plan
By Our Banking Bureau | 08 Mar 2003
New
Delhi: Max New York Life has launched Easy Life, a
plan to help people meet their post-retirement financial
needs.
The plan allows customer to choose his retirement any time between 50 and 70 years of age through three annuity options that help him plan his monthly retirement income. The fixed monthly income is guaranteed for life in the year of vesting.
The retirement plan also offers a tax benefit to the customer under section 80CCC (i) on a premium of up to Rs 10,000.
The entry age for the plan will be 20-60 years, with the vesting age being between 50-70 years. The sum assured can range from Rs 1 lakh to Rs 10 crore. The premium can be paid either half-yearly or annually.
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