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Journalism of Courage
Tough times call for tough action. “And trust us,coming up with Smart Xpress did take many grilling sessions,” tells Prashant Tripathy,Executive Vice-President,Strategic Planning & Business development,Max New York Life,as he launches ‘Smart Xpress’. A flexible ULIP with NAV Guarantee fund and systematic transfer plan. “It offers a smooth ride through volatile markets,” he adds that the product was designed to give secure returns even during market volatility and fulfil consumers’ need of capital preservation and growth.
Designed after conducting a market research that pointed towards financial goals and current risk perceptions of majority of Indian consumers and their need for increased protection-cum-wealth creation option,”the Money Market Fund is amongst the first of its kind offering by a life insurer and works on the fundamentals of low-risk along with moderate returns primarily through a portfolio of treasury bills of short duration.” Tripathy tells us there are about eight varied fund options and that systematic fund transfer feature of Smart Xpress ensures that the consumers’ investment hits the market in 12 equal installments. “It works on the concept of ‘Rupee Cost Averaging’ and thus makes the volatile market work to one’s advantage,” he reels.
The product also offers flexibility in premium payment options through three years,five years or single payment options. “What’s more,the sum assured can stretch up to 30 times of the annual premium!” Invest on!
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