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Policybazaar and Max Life come together to make short-term investments easier for consumers

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Kickstarting the week with enthusiasm and leaving the Monday blues behind, Policybazaar, in collaboration with Max Life insurance hosted an event to launch their product “Smart Fixed-return Digital plan” to cater to Millennial customers’ needs. 

The novel offering is developed on the basis of a joint consumer insight study with Policybazaar which helps the customers meet short-term financial goals. It’s a first-of-its-kind plan with a minimum policy tenure of five years.  The plan offers a great rate of  guaranteed tax-free returns up to 6.14% along with life cover protection at monthly premiums as low as Rs. 3000/-* and is available to purchase on Policybazaar and Max Life’s websites, These kinds of returns in short-term plans have been unheard of; these have been designed to make financial planning easier for younger investors. To add to this, these come with special benefits for women investors. 

One can invest in these plans online without any hassle and reap 100% tax-free returns. Moreover, they help you save tax on premiums. Not to forget, the silver lining remains that you are entitled to an inbuilt Life cover of 11 times the amount you invest!

So, let us take you through this exciting journey with us - the day commenced with Sarbrvir Singh, CEO, Policybazaar.com, welcoming everyone with his inaugural speech, mentioning how Policybazaar and Max Life follow the same holy grail “One thing that we share with Max Life is that both companies focus on consumer’s needs and satisfaction. Keeping customers’ needs in mind, these guaranteed return plans offer great returns and that too with  the option of a short tenure,” said Sarbvir. Adding to this, he mentioned how in today’s time the customer has in-depth knowledge of products and knows their requirements and needs in detail, “Finally the consumer chooses and we provide them with the best services and products,” he said. Concluding his speech, Sarbvir thanked the Max Life team for their constant support to Policybazaar and consumers across India.

Taking this informative yet exciting launch ahead, we had Prashant Tripathy, Managing Director & CEO, Max Life Insurance, sharing his thoughts on the partnership with Policybazaar, “It is my honour to be amongst all of you, great to see such zeal and liveliness in this room. To start with, Policybazaar and Max Life share quite a few qualities, the first being that we care extremely about our customers and their requirements. Secondly, we follow the same work ethic of always working hard and thirdly, we are always looking for innovative solutions to cater to our consumers even better, which is our main USP. “  Giving some insights on the product, he mentioned, “It is a very simple product with no complexity and solves real customer problems.” Filling the audience with cheer and encouraging words, Prashant concluded his speech by saying, “ Our successes are tied together, let's win collectively!”  

Inspired by the event theme - the three Aces, a short video was played during the event to explain the key product features in a witty way. Finally, the event concluded with a cake-cutting ceremony and an inspirational poem that reads: 

"laharon se darakar nauka paar nahin hotee,
koshish karane vaalon kee kabhee haar nahin hotee.
nanheen cheentee jab daana lekar chalatee hai,
chadhatee deevaaron par sau sau baar phisalatee hai.
man ka vishvaas ragon mein saahas bharata hai,
chadhakar girana, girakar chadhana nahin akharata hai.
aakhir usakee mehanat bekaar nahin hotee,
koshish karane vaalon kee kabhee haar nahin hotee."

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