In the backdrop of the prevailing volatility in the capital markets, private life insurance company Max New York Life Insurance Co launched the Max New York Life Smart Xpress, a flexible unit-linked insurance plan (ULIP) on Thursday. The product claims to offer secure returns even in times of market volatility. While launching the product here, Prashant Tripathy, executive vice-president, strategic planning and business development, Max New York Life, said, Max New York Life has designed this product keeping in mind the financial goals and current risk perceptions of the majority of Indian consumers as a great protection-cum-wealth creation option that ...

More...