Benefits

    * Death Benefit: Equal to Sum Assured of the policy
    * Current Tax Benefits: This insurance plan may entitle you certain tax benefits on your premiums as well as on the benefits received under this policy U/s 80 C of the Income Tax act 1961 on the annual premium of your policy.
"key benefits"

    * Comprehensive cover at nominal costs
    * Lower rates for non smokers & healthier lives
    * Increase your cover to reduce your premium
    * Cover continues even if you stop paying premium
    * Riders to protect your family from Death, Disease and Disability

ILLUSTRATIVE EXAMPLE

Sample Premium* rates for Rs. 50 Lac Sum Assured (Annual mode)
Age Preferred Non Smoker Non Smoker Smoker
30 7,250 8,050 9,100
35 9,700 11,000 12,800
40 13,950 16,350 19,450
45 20,650 24,900 30,250

"RIDERS"
Dread Disease Rider Personal Accident Benefit Rider
 
Entry Age 20 - 50 years
Expiry Age 60 years
Minimum Sum Assured Rs. 100,000 (depending upon Term)
Maximum Sum Assured Rs. 10,00,000

Customer can opt for either both of the riders or any one of them.
 
Entry Age 20 - 55 years
Expiry Age 60 years
Minimum Sum Assured Rs. 100,000
Maximum Sum Assured Base policy sum assured (subject to a limit of Rs. 40 lacs)

Example – Male aged 30 takes Platinum Protect plan for Rs. 50 Lac sum assured and a 20year term. If he stops paying premium 16th policy year onwards, he will be eligible for 50% of sum assured as Reduced Insurance Cover for the remainder of the policy term.

Under Reduced Insurance Cover facility no rider benefit will be made available.

If the Policyholder chooses to resume payment of Premium within six months from the discontinuance of Premium, then the original sum assured may be restored at the discretion of the Company on production of evidence of insurability and payment of premiums

For complete details please refer to the Benefit Illustration and Policy Contract.

"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.

"features"
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

"INVESTMENT OPTION"

You have the choice of any of the 6 expertly managed funds to direct your investments in any one or more of the following funds of the company or choose Systematic Transfer Plan which enables you to make the most of the market volatility.
Funds Asset Types
Government Securities Corporate Bonds (Investment Grade) Money Market and Cash Instruments Equity
Secure 50-100% 0-50% 0-40% Nil
Conservative 50-80% 0-50% 0-40% 0-15%
Balanced 20-50% 20-40% 0-40% 10-40%
Growth 0-30% 0-30% 0-40% 20-70%
Growth Super 0-20% 0-20% 0-30% 70-100%
Money Market Nil Nil 100% Nil
Secure Plus Fund* 60-100% 0-40% 0-40% Nil

*Secure Plus Fund is only available with Systematic Transfer Plan

Flexibilities
Switching:

    * Existing investment can be moved in totality or in a certain proportion to one or more funds from the current one
    * 12 switches/policy year and all are free of charge

Premium Redirection:

    * Modify the flow of future investments, different from the existing pattern.
    * 12 redirections/policy year and all are free of charge

Partial Withdrawals:
Can be made anytime subject to a lock in period of 5 years.
Minimum: Rs. 5,000
Maximum: Lower of 20% of Fund Value /Fund Value cannot be less than 1.5 times of initial ATP

"KEY BENEFITS"

* Comprehensive protection through high sum assured multiples.
    * Systematic Transfer Plan to protect against market volatilities and to get the benefit of rupee cost averaging.
    * Progressively increasing sum assured for increasing liabilities without additional underwriting
    * Choice of premium payment options to suit cash flow patterns.
    * Choice of seven well managed funds for investors of different risk profiles.
    * Flexibility to make partial withdrawals to meet unplanned expenses.
    * Flexibility to opt for Personal Accidental Benefit and Dread Disease rider.
"RIDERS"
UIN 104C010V02
Entry Age 20 - 50 years
Expiry Age 60 years
Minimum Sum Assured Rs. 2,40,000
Maximum Sum Assured The lower of base face amount or Rs. 10 Lakhs

Maturity Benefit:

On maturity, you will be eligible for an amount equal to prevailing Fund Value where the Fund Value will be calculated as:

Fund Value = (Accumulated Units * prevailing NAV)

Death Benefit:

In case of Death of the Life Insured before maturity of Policy, your nominees will be eligible for an amount equal to Sum Assured + Fund Value

Progressive Auto Cover Enhancement:

The unique feature of PACE will automatically increase your sum assured every year by 10% of base initial sum assured starting year 2 till end of policy term. This benefit is inbuilt and will be provided to you without any further increase in premium or additional underwriting
     

"Max New York Life Flexi Fortune"

"PLAN OVERVIEW"
 When it comes to a plan that will help you plan for your financial goals be it a car, your dream home, a holiday abroad or the protection and comfort of your family, you want to trust the best. Invest in the Max New York Life Flexi Fortune, a unit linked Life Insurance plan, which offers a unique combination of protection with returns to fulfill your goals.
            "FEATURES"
Minimum/ Maximum Age of Life Insured at Entry (Last Birthday) 7 – 50 years
Premium payment term / Policy Term 5 pay - 10 years term
10 pay – 15 years term
15 pay – 20 years term
Maximum Age of Life Assured at Maturity 70 years
Premium payment Mode Annual, Semi Annual, Quarterly or Monthly
Quarterly or Monthly mode through ECS only
Minimum Annual Target Premium 5 pay – 10 years term
All modes minimum Premium is Rs. 50,000
Other Variants
Annual Mode: Rs. 24,000
Non-annual mode: Rs. 36,000
Maximum Annual Target Premium Rs. 100,000 for all variants

Sum Assured
Annual Premium X Cover Multiple
Upto age 30 : 10/20/30 times of ATP
Age 31 to 40: 10/ 20 times of ATP
Age 41 to 50: Fixed 10 times of ATP

Minimum Sum Assured: 2,40,000
Maximum sum assured : 30,00,000