Page 50 - The Insurance Times August 2025
P. 50

New Product Launches







         Axis  Max  Life  –  Integrated  App  with               Immediate Payout: Income benefits begin within 7 days
                                                                 of policy issuance.
         Wellness Ecosystem (Max Fit)
                                                                 Survivor Benefit: Benefits continue to nominees post
             Policy & Wellness Hub: Manage all policies, claim track-  death, without further premium from insured.
             ing, premium payments, and beneficiary updates within
                                                                 This plan supports long-term income, legacy, and retire-
             the app.
                                                                 ment planning.
             Health Monitoring: Track steps, vitals, health scores,
             access teleconsultations, and lifestyle insights.   canarahsbclife.com+15ptinews.com+15Insurance
                                                                 Asia+15
             Rewards & Boosters:
                 5% premium discount in year 1 on enrolment.  Aditya Birla Sun Life – Super Term Plan
                 Wellness Booster accrual based on consistent par-  Three Options:
                 ticipation.                                         Level Cover: Lump sum/lump + monthly income.
             Plan Add-Ons: Critical Illness & Disability Rider, Acci-  Increasing Cover: SA increases 5% annually (simple
             dental Death & Dismemberment Rider.                     interest).
             Loan Facility: Policy loans available.                  Level with Return of Premium: All premiums re-
             Nomination & KYC: Update details via voice or biomet-   funded on survival.
             ric login.                                          Add-On Options: Terminal illness benefit, critical illness
             Aligns with broader Secure Earnings & Wellness Advan-  benefit, waiver of premium on disability, accidental
             tage Plan combining guaranteed returns, life cover, and  death rider.
             wellness incentives.                                Life-stage Flexibility: Option to increase SA at key mile-
             Angel One+15Axis Bank+15TaxTMI+15Google Play        stones.
                                                                 Eligibility: Entry age 18–65, term up to 40 years, spe-
         Canara HSBC Life – SecureInvest ULIP                    cial discounts for females and salaried customers.
             High Cover: Life cover up to 100× annual premium.   Aditya Birla Sun Life Insurance+4Policybazaar+4Aditya
                                                                 Birla Sun Life Insurance+4Aditya Birla Capital+1Aditya
             Variants:                                           Birla Sun Life Insurance+1
                 Choice: Constant sum assured + fund value at ma-
                 turity.                                      Bajaj Allianz – State-Specific Health Insur-
                 Forever: Protection until age 85 for legacy plan-  ance Plans
                 ning.
                                                                 Regional Tailoring: Premiums and cover designed
             Fund Strategy: 12 fund options, six pre-defined portfo-  around state-level healthcare costs and disease pat-
             lio strategies, flexibility in switches and partial with-  terns across 25 geographies.
             drawals.
                                                                 Sum Insured Options: Rs. 5 lakh to Rs. 20 lakh, in in-
             Loyalty Features: Loyalty Additions from year 10; ma-  dividual and floater variants.
             turity booster at term-end.
                                                                 Festival Benefit: Rs. 1,000/day for 10 days during local
             Ideal for young  investors seeking protection  with  festival hospitalizations.
             growth potential.
                                                                 Bonus/Incentive: No-claim bonus, wellness rewards,
             canarahsbclife.com+6Insurance Business+6Insurance   claim-free year boosts.
             Asia+6Policybazaar+2Insurance Asia+2Yahoo Finance+2  Local Branding: Products marketed regionally (e.g.,
                                                                 AapKe Liye, Mee Kosam, Apnar Jonyo).
         Bandhan Life – Centenarian Plan                         Angel  One+4Bajaj  Allianz  General  Insurance
             Lifelong Protection: Coverage extends up to age 100.  Company+4digitalhealthnews.com+4.

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