MAX NEW YORK LIFE INSURANCE

• Max New York Life Insurance Company Ltd. is a joint venture between
New York Life and Max India Limited.
• New York Life is a Fortune 100 company and Max India Limited is one
of India's leading multi-business corporations.
• The company has positioned itself on the quality platform.
• It has developed a strong corporate governance model based on the
core values of excellence, honesty, knowledge, caring, integrity and
teamwork.
• The strategy is to establish itself as a trusted life insurance specialist
through a quality approach to business.
• In line with its values of financial responsibility, Max New York Life has
adopted prudent financial practices to ensure safety of policyholder's
funds.
• The Company's paid up capital is Rs. 657 crore, which is more than the
norm laid down by IRDA.
• Max New York Life has identified individual agents as its primary
channel of distribution.
• The Company places a lot of emphasis on its selection process, which
comprises four stages –

Screening,

Psychometric test,

Career seminar

Final interview.

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• The agent advisors are trained in-house to ensure optimal control on
quality of training.
• Max New York Life invests significantly in its training programme.
• Each agent is trained for 152 hours as opposed to the mandatory 100
hours stipulated by the IRDA before beginning to sell in the
marketplace.
• Training is a continuous process for agents at Max New York Life and
ensures development of skills and knowledge through a structured
programme spread over 500 hours in two years.
• This focus on continuous quality training has resulted in the company
having amongst the highest agent pass rate in IRDA examinations and
the agents have the highest productivity among private life insurers.
• MDRT is an exclusive congregation of the world’s top selling insurance
agents and is internationally recognized as the standard of excellence
in the life insurance business.
• Having set a best in class agency distribution model in place, the
company is spearheading a major thrust into additional distribution
channels to further grow its business.
• The company is using a five-pronged strategy to pursue alternative
channels of distribution.
• These include the franchisee model, rural business, direct sales force
involving group insurance and telemarketing opportunities and
corporate alliances.
• Max New York Life offers a suite of flexible products.

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 THE DIFFERENT TYPES OF PLANS OFFERED UNDER LIFE

• FIVE YEAR RENEWABLE & CONVERTIBLE PLAN

• LEVEL TERM POLICY

• WHOLE LIFE PARTICIPATING PLAN

• 20 YEAR ENDOWMENT PARTICIPATING PLAN

• ENDOWMENT TO AGE 60 PARTICIPATING PLAN

• LIFE GAIN PLUS 20 PARTICIPATING PLAN

• LIFE GAIN PLUS 25 PARTICIPATING PLAN

• LIFE PAY MONEY BACK PLAN

• LIFE GAIN ENDOWMENT PLAN

• LIFE PARTNER PLUS PLAN

• MAX NEW YORK LIFE SECURE DREAMS PLAN

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 LIFE PLANS
1. FIVE YEAR RENEWABLE & CONVERTIBLE

PLAN OVERVIEW :

Life with its fascinating moments also has its share of uncertainties and
planning ahead is extremely important to face all these uncertainties that
may arise from time to time. That's the reason you need a protection plan,
which would serve your protection needs and safeguard your family from any
financial insecurity at times of crisis or at the unfortunate event of your
demise.

Max New York Life's Five Year Renewable and Convertible Term Insurance
(Non-Participating) plan not only provide you with a low cost insurance cover
during its tenure of five years, it also helps you plan in advance for various
future needs and your family's financial security, should anything
unfortunate happen to you. Offering a guaranteed Death Benefit, this plan is
particularly useful as a short-term protection plan. An important feature of
this policy is that it allows the insured to convert the policy to a regular
policy during the tenure of the policy.

FEATURES :

Eligibility Criteria

Eligibility Criteria
Age at Entry 20 to 60 years
Maximum Age at Maturity 65 years
Term 5, 10, 15, 20 or 25 years or to Age 60
years
Sum Assured Rs. 2,50,000 to Rs. 5 Crore
Premium Payment Options Annual, Semi-annual, Quarterly, Monthly

Benefits
On death of life insured: In case of the unfortunate death of the life
insured during the term of the plan, an amount equal to the Sum assured is
paid to the beneficiary.

Tax benefits:

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You are entitled to the following tax benefits under Income Tax Act 1961:
• Your premiums are eligible for deduction u/s 80C up to Rs.1,50,000/-
every year.
• Your DD rider premiums are eligible for an additional deduction u/s
80D up to Rs.15,000/- every year.

• Your claim amounts (from death) are eligible for tax exemption u/s
10(10D).
Unique Features in This Policy:
This plan can be renewed every five years and is convertible to any
permanent plan at any time during the tenure of the plan.

KEY BENEFITS :

Five Year Renewable and Convertible Term Insurance (Non-

Participating) provides you with a low cost insurance cover during
its tenure of five years. It is also convertible any time into any permanent life
insurance policy from MNYL, so that you are able to take advantage of
increasing your savings when your responsibilities increase viz. on marriage,
or on child birth

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 2. LEVEL TERM POLICY

PLAN OVERVIEW :

In the exciting journey of life, there will be uncertainties, and there will be
various occasions when you have to play or assume added responsibilities
being the head of the family. The much-anticipated arrival of a new member
in the family, the purchase of your dream house, the wonderful event of your
marriage, your children's higher education or their marriage may all be
described as planned life events, but they bring their own share of
uncertainties. It is important to be financially secured and prepared to meet
these uncertainties and make your family feel fully protected, should
something unfortunate happen to you.

Max New York Life's Level Term (Non Participating) Policy is a plan that
covers your life at a very low cost and reduces the consequent hardship your
family may have to bear in the unfortunate event of your death. Incase of
the unfortunate death of the policy holder during the term of the plan, an
amount equal to the sum assured is paid to the nominee.

FEATURES :

Eligibility Criteria

Eligibility Criteria
Age at Entry 18 years to 55 years
Maximum Age at Maturity 60 Years
Term 5,10,15,20 or 25 years or to Age 60 Years
Sum Assured Rs. 2,50,000 to Rs. 5 Crore
Premium Payment Options Annual, Semi-annual, Quarterly, Monthly,
Single

Benefits
On death of life insured: In case of the unfortunate death of the life
insured during the term of the plan, an amount equal to the Sum assured is
paid to the beneficiary.

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Tax benefits:
You are entitled to the following tax benefits under Income Tax Act 1961:
• Your premiums are eligible for deduction u/s 80C up to Rs.1,50,000/-
every year.
• Your DD rider premiums are eligible for an additional deduction u/s
80D up to Rs.15,000/- every year.

Your claim amounts (from death) are eligible for tax exemption u/s
•
10(10D).
KEY BENEFITS :

• In the exciting journey of your life, there will be uncertainties.

Additionally there may be times and occasions when you have to
assume additional responsibilities as the head of the family. Max New
York Life's Level Term (Non Participating) Policy insures your life at a
very low cost and reduces any hardship your family may have to bear
in the unfortunate event of your death.

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 3. WHOLE LIFE PARTICIPATING PLANS

PLAN OVERVIEW :

With an insurance cover till age 100, Whole Life Participating Plan is
designed to provide you a lifetime of security. The good times that you
and your family lead should last a lifetime. However one cannot avoid
unpleasant surprises and misfortunes in life. The Whole Life Plan
provides you with the comfort that your near and dear ones will
continue to live their lives in comfort without financial worries even
when you are not around.

The Whole Life Plan provides an insurance cover that is guaranteed for
life. The policy also builds cash value, which you can use to fund any
unforeseen needs. In addition, the policy is also eligible for bonuses.
Max New York Life’s savings plans are designed to provide the
customer the dual benefits of protection along with the potentially
higher returns. This plan also allows you to purchase additional
benefits in the form of bonuses that will be paid on maturity of the
Base policy or in the unfortunate event of the death of the Life Insured.
Additionally, you can also continue to invest more funds without having
to provide any further evidence of insurability.

FEATURES :

Eligibility Criteria

Criteria Eligibility
Entry age 91 days to 70 years
Maximum Maturity Age 100 years
Premium Payment Term Regular

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Minimum Sum Assured Rs. 100,000
Maximum Sum Assured Rs. 5 Crore

Benefits
Maturity Benefit
We will pay an amount equal to Sum Assured along with accrued bonus (if
any)

Death Benefit
• We will pay an amount equal to Sum Assured along with accrued
bonus (if any)

•If death occurs before life insured reaches age 10 , the company will
refund all the premiums paid along with interest
Option to Participate in Progressive Bonuses
It allows you to top up your premiums to purchase additional Sum Assured
towards your existing policy. It also generates further bonuses.
Bonus Options
• Paid in Cash
• Premium Offsett

• Paid up Additions
Non-Forfeiture Options
In case you are unable to pay your premiums, your policy will lapse and we
will utilize your cash value to buy you insurance coverage in one of the
following ways:

Reduced Paid Up: A lower Sum Assured for the remaining term of your
policy

Extended Term Insurance: The same Sum Assured is for part of the
remaining term of your policy

In case , you do not want either of the above, you can choose to take the
cash value by cheque

KEY BENEFITS :

• Insurance cover up to age 100

• Option to Participate in Progressive Bonuses
• Tax benefits on premiums and maturity proceeds
• Additional protection through riders

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 • Bonus declared every year from 3rd policy year onwards .

4. 20 YEAR ENDOWMENT ( PAR) PLAN

PLAN OVERVIEW :

Whether it's your child's marriage, their higher education, buy a home
for your family, pay off a housing loan or create a fund for your
retirement, Max New York Life's 20 year endowment plan is always
there to provide you financial support. It is a perfect money-saver
solution. On its maturity at the end of 20 years, this Policy not only
gives you a guaranteed sum but also any bonus it accumulates. In case
of unfortunate death, this plan also provides sum assured plus
additional insurance coverage purchased from bonuses for first 5 years
and then doubles the same afterwards.

You can also customize your policy to meet your specific needs. We
offer you the flexibility to enhance the value of your policy by using
various rider options available. In addition, you are also eligible for
bonuses and terminal illness benefits, where you can use 50% of your
sum assured at the time of your treatment and the balance of the sum
assured will be payable to your family on the occurrence of the insured
event. Under this policy, you can access any cash surrender value that
accumulates in the policy, in case you have any unforeseen expenses
during the policy term.

FEATURES :

Eligibility Criteria

Criteria Eligibility
Entry age 20 years to 50 years

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Maturity age 70 years
Minimum Sum Assured Rs. 100,000
Maximum Sum Assured Rs. 5 crore

Living Benefit
• Sum Assured plus accrued bonuses
Death Benefit
• Sum Assured plus accrued bonuses
Bonus Option
• Paid in Cash
• Premium Offset

•Paid up Additions
Non-Forfeiture Options
In case you are unable to pay your premiums, your policy will lapse and we
will utilize your cash value to buy you insurance coverage in one of the
following ways:

Reduced Paid Up :A lower Sum Assured for the remaining term of your
policy

Extended Term Insurance: The same Sum Assured for part of the
remaining term of your policy

In case you do not want either of the above, you can choose to take the
cash value by cheque.

KEY BENEFITS :

• Guaranteed Financial Protection

• Tax benefits on premiums and maturity proceeds
• Additional protection through riders
• Bonus declared every year from 3rd policy year onwards .

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 5. ENDOWMENT TO AGE 60 ( PAR ) PLAN

PLAN OVERVIEW :

There comes an age in life, when all one needs is peace of mind and
security after retirement, then your sources of income reduce but your
expenses don't. From medical costs to children's marriage expenses,
all seems to touch the sky. So it makes great sense to plan well in
advance for a secured life after retirement.

Max New York Life's Endowment to age 60 Participating Insurance is a

policy that helps you to save primarily for your retired life. It will
mature on thepolicy anniversary after your 60th birthday, and enables
you to use the maturity proceeds in many ways such as, purchase a
pension from any life insurance company, purchase that house in your
hometown where you want to lead your retired life or pay for your
child's higher education or marriage. This plan also provides you with
an insurance cover to protect your family from financial uncertainties
in case of your untimely death before reaching age 60. Till age 60, this
policy also builds cash value, and is eligible for bonuses. You may use
the cash value and/or the bonuses to fund any unforeseen needs either
by surrendering accumulated PUAs or taking a loan.

FEATURES :

Eligibility Criteria

Criteria Eligibility
Entry age 91 days to 50 years
Maturity age 60 years
Minimum Sum Assured Rs. 100,000
Maximum Sum Assured Rs. 5 crore

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Living Benefit
• Sum Assured plus accrued bonuses
Death Benefit
• Sum Assured plus Sum Assured of Paid Up Additions, if any (without
deducting any money back installments, if already paid).

However on death before age 10 we will refund the premiums with

•
interest
Bonus Options
• Paid in Cash
• Premium Offset

•Paid up Additions
Non-Forfeiture Options
In case you are unable to pay your premiums, your policy will lapse and we
will utilize your cash value to buy you insurance coverage in one of the
following ways:

Reduced Paid Up:A lower Sum Assured for the remaining term of your
policy

Extended Term Insurance:The same Sum Assured for part of the

remaining term of your Policy.
In case you do not want either of the above, you can choose to take the
cash value by cheque.

KEY BENEFITS :

• Guaranteed Financial Protection

• Tax benefits on premiums and maturity proceeds
• Additional protection through riders
• Bonus declared every year from 3rd policy year onwards .

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 6. LIFE GAIN PLUS 20 PARTICIAPTING PLAN
PLAN OVERVIEW :

Because we understand your needs better..

Life Gain™ plus 20 participating plan provides you with an insurance

cover that is guaranteed for 20 years down the line. It builds cash value,
which you can use during your lifetime to fund any unforeseen needs either
by surrendering accumulated PUAs or taking a loan. You can enjoy the full
benefits of an endowment plan with life insurance that requires you to pay
premiums only over a very limited period, while you get cover for the entire
tenure! Also, your money grows quickly, resulting in a substantial lump sum
on maturity. In case of unfortunate death, this plan also provides sum
assured plus additional insurance coverage purchased from bonuses for first
5 years and then doubles the same afterwards.

You can also customize your policy to meet your specific needs. We offer you
the flexibility to enhance the value of your policy by using various rider
options available. In addition, you are also eligible for bonuses and terminal
illness benefits, where you can use 50% of your sum assured at the time of
your treatment and the balance of the sum assured will be payable to your
family on the occurrence of the insured event.

FEATURES :

Eligibility Criteria

Criteria Eligibility
Entry age 18 years to 55 years
Maturity age 75 years
Premium Payment Term 6 / 10 years
Minimum Sum Assured Rs. 50,000
Maximum Sum Assured No limits, subject to underwriting
Living Benefit
• Sum Assured plus accrued bonus plus Guaranteed Additions @ 10% of
Sum Assured.
Death Benefit

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 • In the first five years - Sum Assured plus additional insurance coverage
purchased from bonuses.

• After five years - Double the Sum Assured plus additional insurance
coverage purchased from bonuses
Bonus Options
• Paid in Cash
• Premium Offset

• Paid up Additions
KEY BENEFITS :

• Guaranteed Financial Protection

• Choice of premium payment term
• Tax benefits on premiums and maturity proceeds
• Additional protection through riders
• Bonus is declared every year after the 3rd policy year .

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 7. LIFE GAIN PLUS 25 PARTICIPATING PLAN
PLAN OVERVIEW :

Because we understand your needs better.

Max New York Life’s – Life Gain™ Plus 25 is a limited pay endowment
plan to meet your financial goals to ensure your complete peace of mind.
You can enjoy the full benefits of an endowment plan with life insurance that
requires you to pay premiums only over a very limited period, while you get
cover for the entire tenure! Also, your money grows quickly, resulting in a
substantial lump sum on maturity.

In case of unfortunate death, this plan also provides sum assured plus
additional insurance coverage purchased from bonuses for first 5 years and
then doubles the same afterwards.
You can also customize your policy to meet your specific needs. We offer you
the flexibility to enhance the value of your policy by using various rider
options available. In addition, you are also eligible for bonuses and terminal
illness benefits, where you can use 50% of your sum assured at the time of
your treatment and the balance of the sum assured will be payable to your
family on the occurrence of the insured event.

This policy helps you save for any specific need that you foresee 25 years
down the line.

FEATURES :

Eligibility Criteria

Criteria Eligibility
Entry age 18 years to 50 years
Maturity age 75 years
Premium Payment Term 6 / 10 / 15 years
Minimum Sum Assured Rs. 50,000
Maximum Sum Assured No limits, subject to underwriting

Living Benefit
• Sum Assured plus accrued bonus plus Guaranteed Additions @ 10%

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 of Sum Assured.
Death Benefit
• In the first five years - Sum Assured plus additional insurance
coverage purchased from bonuses.

After five years - Double the Sum Assured plus additional insurance
•
coverage purchased from bonuses.
Bonus Option
• Paid in Cash
• Premium Offsett

• Paid up Additions
KEY BENEFITS :

• Guaranteed Financial Protection

• Choice of premium payment term
• Tax benefits on premiums and maturity proceeds
• Additional protection through riders
• Bonus is declared every year from 3rd policy year onwards .

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 8. LIFE PAY MONEY BACK PLAN
PLAN OVERVIEW :

Life Moves .. Needs Arrive.

Life Pay™ Money Back (Participating Plan) will keep paying you a part
of the Sum Assured at regular intervals, to take care of your periodic
foreseen needs, and the balance keeps growing to take care of your long
term saving needs, as well as provides insurance coverage till maturity. And
in case of any unforeseen event also, this plan helps you provide for your
family's protection needs by paying an amount equal to the sum assured
plus bonuses, if any.

In addition this policy is also eligible for bonuses. The Company may declare
bonuses, from time to time, and these will be paid out to you, based on your
choice of bonus options. This plan also provides various benefits on death of
the life insured, where sum assured plus sum assured of paid up additions,
bought out of your bonuses, will paid out immediately to the beneficiary.
Further, with the customized options, you can enhance the value of your plan
or customize it to suit your individual needs by adding various rider options
available under this plan.

FEATURES :

Eligibility Criteria

Criteria Eligibility
Entry age 91 days - 55 years (16/20 year plan)
91 days - 51 years (24 year plan)
Minimum Sum Assured Rs. 50,000
Maximum Sum Assured No limit (subject to underwriting)

Living Benefit
• Sum Assured less money backs already paid plus 10% of SA as
guaranteed addition plus accrued bonuses

• Money Backs at regular intervals

Death Benefit
• Sum Assured plus Sum Assured of Paid Up Additions, if any (without
deducting any money back installments, if already paid).

•However , in the case of death before the age of 10 we will refund

the premiums with interest .
Bonus Options

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 • Paid in Cash
• Premium Offsett

• Paid up Additions
Non-Forfeiture Options
In case , you are unable to pay your premiums, your policy will lapse and
we will utilize your cash value to buy you an insurance coverage in one of
the following ways:

• Reduced Paid Up: A smaller Sum Assured for the remaining term of
your policy
• Extended Term Insurance: The same Sum Assured is for part of
the remaining term of your policy

In case , you do not want either of the above then you can opt to take the
cash value by cheque.

KEY BENEFITS :

• Guaranteed Financial Protection

• Money Backs at Regular Intervals
• Tax benefits on premiums and maturity proceeds
• Additional protection through riders
• Bonus declared every year after the 3rd policy year.

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 9. LIFE GAIN ENDOWMENT PLAN
PLAN OVERVIEW :

Because emergencies can arrive at any time.

You have many thoughts and dreams for your family and yourself. You want
to buy a house once you retire, you wish to send your children to the best
schools that money can offer, you want to get them married and settled, you
want to go out on a long leisurely vacation with your spouse, and many
more. Endowment plans allow you to accumulate your savings for these
needs and ensure that the money is available to take care of them.

Life Gain™ Endowment (Participating Plan) provides you with an insurance

cover that is guaranteed during the tenure of the policy. This policy also
builds cash value, which you can use during your lifetime to fund any
unforeseen needs either by surrendering accumulated PUAs or taking a loan.
This plan not only takes care of your savings and investment needs but also
guarantees you a life cover protection. In addition, this policy is also eligible
for bonuses. The Company may declare bonuses, from time to time, from the
third policy year and these will be paid out, based on your choice of bonus
options.

FEATURES :

Eligibility Criteria

Criteria Eligibility
Entry age 91 days – 65 years (10 year plan)
91 days – 60 years (15 year plan)
91 days – 55 years (20year plan)
91 days – 50 years (25 year plan)
91 days – 50 years (to Age 60 plan)
Maturity Age 75 Years

Minimum Sum Assured Rs. 50,000

Maximum Sum Assured No Limit (subject to underwriting)

Living Benefit
• Sum Assured plus Guaranteed Addition @ 10% of Sum Assured plus
accrued bonus plus terminal bonus (if any)
Death Benefit
• Sum Assured plus accrued bonus

• However , in the case of death before the age of 10 we will refund

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 the premiums with interest
Bonus Options
• Paid in Cash
• Premium Offsett

• Paid up Additions
Non-Forfeiture Options
In case you are unable to pay your premiums, your policy will lapse and the
cash value will be used to buy you insurance coverage in one of the
following ways:

• Reduced Paid Up: A smaller Sum Assured for the remaining term of
your policy
• Extended Term Insurance: The same Sum Assured is for part of
the remaining term of your policy

In case , you do not want either of the above then you can opt to take the
cash value by cheque.

KEY BENEFITS :

• Guaranteed Financial Protection

• Tax benefits on premiums and maturity proceeds
• Additional protection through riders
• Bonus declared every year from 3rd policy year onwards.

10. LIFE PARTNER PLUS PLAN

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PLAN OVERVIEW :

In your journey through life, you will need to take care of changing needs like
asset creation, investing for retirement, children’s education and marriage
and so on. At Max New York Life, we understand your desire to take care of
these needs and yet simplify your financial planning and investment. That is
why we have introduced Max New York Life’s Life Partner Plus™ Plan
(Limited Pay Endowment to Age 75), a life insurance plan that offers you
protection for life, cash bonuses, and multiple options to utilize these cash
bonuses to meet all your individual requirements.

This plan offers you triple benefits. It gives you maturity benefits at the age
of 75, provides you a life coverage insurance and fulfill the financial needs of
your family members, incase of your untimely death and offers you money
back feature as well, where we will pay you a part of the sum assured at
regular intervals to take care of your periodic foreseen needs. You can also
customize your policy to meet your specific needs. We offer you the
flexibility to enhance the value of your policy by using the various rider
options available.

FEATURES :

Eligibility Criteria

Criteria Eligibility
Entry age 91 days to 55 years
20 year to 55 years (for all riders
except Term Renewable and
Convertible rider where the maximum
entry age is 50)
Maturity age 75 years
Sum Assured Rs. 50,000 onwards
Premium payment term 3,7,10,20 years

Living Benefit
• Money backs @ 7.5% of the Initial Sum Assured will be paid on each
policy anniversary from age 61 to 75.

Sum Assured with Sum Assured of Paid Up Additions, if any on

•
maturity
Death Benefit
• On death of life insured , we will pay an amount equal to Sum
Assured plus accrued bonuses (if any)

• If death occurs before life insured reaches age 10 the company will

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 refund all the premiums paid along with interest
Bonus Options
• Paid in Cash
• Premium Offsett

• Paid up Additions
Non-Forfeiture Options
In case you are unable to pay your premiums, your policy will lapse and we
will utilize your cash value to buy you insurance coverage in one of the
following ways:

• Reduced Paid Up: A lower Sum Assured for the remaining term of
your policy
• Extended Term Insurance: The same Sum Assured is for part of
the remaining term of your policy.

In case , you do not want either of the above then you can opt to take the
cash value by cheque

KEY BENEFITS :

• Guaranteed Financial Protection

• Guaranteed money backs for 15 years
• Limited Premium payment term
• Tax benefits on premiums and maturity proceeds
• Additional protection through riders
• Bonus declared every year from 3rd policy year onwards

11. MAX NEW YORK LIFE SECURE DREAMS

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PLAN OVERVIEW :

Life is full of uncertainties. Nothing is guaranteed. How can you overcome

these uncertainties and be more in control of your life and your
surroundings? Max New York Life presents a unique plan to take care of all
your uncertainities that has not just one guarantee but is loaded with a
bouquet of powerful guaranteed benefits! Presenting Max New York Life
Secure Dreams, a unique plan that guarantees your family's future, your
future income and a whole lot more! What more could you want from a plan?

We have designed Secure Dreams to protect you and your family financially.
The plan aims at safeguarding your hard earned money through safe
investments, but ensuring that your money grows over time. As we
understand that convenience matters to you, we offer this plan without you
undergoing any medical tests. The unique policy continuance feature with
premium funding ensures that the dreams you have weaved for your loved
ones become a reality even if you are not there tomorrow. The flexibility to
choose the period of coverage takes care of the goal or life stage for which
you want to plan. The plan gives you an opportunity to save big for your long
term objectives, even with a little but disciplined savings.

FEATURES :

Eligibility Criteria

Criteria Eligibility
Entry age of Life insured 21 years to 55 years, age as at last
birthday
Maximum Maturity age of Life 66 years
Insured
Policy term Pick a term between 11 years- 20 years
Premium paying term Equal to policy term
Minimum Annual Premium Rs.15,000
Maximum Annual Upto 40 years: Rs. 2,00,000
Premium(depending upon the age of 41 years to 55 years: Rs. 1,00,000
Life insured)
Premium Payment Modes Annual, Semi-Annual, Quarterly, or
Monthly
Sum Assured 10 times Annual Premium

Guaranteed Returns
• Monthly Interest Credits with a minimum guaranteed rate.
Guaranteed Policy Continuance with Funding
• Policy continues after death of life insured with regular Premium

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 Funding.
Guaranteed Policy Issuance
• No Medicals, policy issuance basis declaration of good health in the
proposal form.
Guaranteed Living Benefits
• Loyalty Bonus added to the policy in each of last 5 policy years.
Guaranteed Protection
• 10 times of Annual Premium paid on death of life insured, option to
add on Personal Accidental Benefit rider.
KEY BENEFITS :

Death Benefit
• As you have planned for this contingent event, incase the life insured
dies we will immediately pay the sum assured equal to 10 times of the
annual premium.
• The policy shall continue to be in existence as it is and all the future
premiums will be funded by the company.
• The loyalty additions will also be credited while the policy is on a
premium funding mode.

• On actual maturity date of the policy, the maturity value will be paid to
the nominee.
Living Benefit
• The plan offers Loyalty additions @ 10% of the annual premium and
shall be credited to your account on each of the last 5 policy
anniversaries provided the policy is in force and all due premiums have
been paid.

• The loyalty additions as and when credited enhance the account value
and the interest is credited on the enhanced account value, thereby
making is a double benefit.
Maturity Benefit
• The plan matures as per the policy term chosen. The account value at
the time of maturity is payable to the policyholder and the contract
ends. Please note that the account value at maturity will at least be a
value considering that the interest credits have happened at the rate of
3.5% throughout the policy term. This value will also reflect in the
benefit illustration under the guaranteed benefits column.
Tax Benefits
This plan may entitle you to certain tax benefits on your premiums as well as
on your maturity value.
• U/s 80C of the Income Tax Act 1961 on your premiums.
• U/s 10(10D) of the Income Tax Act 1961 on your maturity proceeds of
the policy.

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Please note that if the premium paid in a financial year exceeds 20% of the
Sum Assured, 10 (10D) benefit will not be available and 80C benefit will not
be available for the premium exceeding 20% of the Sum Assured under the
current tax laws.

INVESTMENT OPTION :

The premiums collected in this plan will only be invested in government

securities and highly rated corporate bonds in a proportion as decided by the
company from time to time. These investments will ensure that your money
is safe and secure and at least earns a minimum guaranteed interest credit
at 3.5% per annum, while we work towards maximizing your investment
returns. The returns earned on the overall investments will decide on the
rate of interest to be credited to the policyholders. It means that even if in
future the interest rates drop, Max New York Life will honor the commitment
of crediting at least as per the minimum guaranteed rate to all the eligible
policyholders.

---BY HARDIK PAWAR

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