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Max Life: Max Life Insurance to enter pension fund management business, business will start soon

Max Life: Max Life Insurance to enter pension fund management business, business will start soon

Max Life Insurance Career In India : Max Life Pension Fund Management Limited, a wholly owned subsidiary of Max Life Insurance Company, is now going to enter into the Pension Fund Management Business.

PFRDA approved
Max Life Insurance Company has got permission from Pension Fund and Regulatory and Development Authority (PFRDA) to start business. In this regard, Max Life says that it will manage the pension fund with investment options under the National Pension Scheme. The company will manage the pension fund for private and government sector customers except pension fund ‘Default Scheme’.

These services will be available
Max Life will offer a range of pension products to the customers along with managing the pension fund. Customers can plan their retirement planning in a better way. The company has already applied for Point of Presence (POP) registration with pension fund regulator PFRDA, so that customers can open NPS accounts as well.

will start in october
Prashant Tripathi, MD & CEO of Max Life, says, “Max Life Pension Fund Management Limited strengthens our presence in the retirement segment. He said that we are committed to protect Indians financially in their golden years. The fund manager company, established with an initial capital of Rs 50 crore, can start its business in October. The CEO has already been appointed for the Pension Fund branch and other posts will soon be recruited.

Customers will get great returns
As per the guidelines of PFRDA, Max Life Pension Fund will work to provide excellent returns to its customers. It is known that Max Life Insurance Company is a joint venture of Max Financial Services and Axis Bank.

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