Thursday, 9 June 2011

"Max New York Life Platinum Protect"

"overview plan"
After all, life is priceless and the well being of loved ones is of paramount importance. Max New York Life presents Max New York Life Platinum Protect; a comprehensive solution that fulfills all your protection needs for your family and yourself.

Eligibility Criteria
Eligibility Criteria
Minimum/ Maximum Age at Entry 18 years / 60 years
Expiry Age 75 years
Policy Term 10 years, 15 years, 20 years, 25 years or 30 years
Sum Assured Minimum: Rs. 25 lacs, subject to minimum annual premium of Rs. 5,000
Maximum: No Limit
The sum assured is available in multiples of Rs. 5 lacs only.
Minimum Premium Rs. 5,000 per annum for annual premium paying mode. For non-annual modes, the modal factors will be applicable as given below
Premium Option Regular Level Premium
Special Rates for special customers

    * Lower premium rate for Females and non-smokers.
    * For Sum assureds Rs. 50 lacs and above, there are two additional benefits: Special high sum assured discount.
    * Additional discount to healthier policyholders who do not consume tobacco in any form

Reduced Insurance Cover

If Premiums have been paid for at least 15 consecutive Policy Years beginning with the Effective Date and the Policyholder discontinues payment of further Premium(s), the Policy will continue with a “Reduced Insurance Cover” as per the formula shown below.

Reduced Insurance Cover = [((Policy Year* – 1) / Policy Term) – 25%] * Sum Assured.

* Policy Year refers to the year of discontinuance of premiums

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