Max Life lines up re-launch of 20 new products next year

'Private player Max Life Insurance today said it plans to launch 20 re-structured products next year as part of regulatory compliance to make the policies more customer-friendly.

These solutions have been specially designed to address the consumers' need of protection, savings and growth, Max Life Insurance said in a statement.

All these products are compliant with the new IRDA regulations which are now in effect, it said.

The features of these products are aimed at reaching out to consumers who are looking at a safe, systematic and self completing financial planning solution, Max Life said.

Of the total, it said, 18 have already been approved by the regulator and are available to the customers, 2 are in advance approval stages.