Life Gain™ Plus 20 Participating Plan|Plan Overview|Features|Key Benefits|Riders

Plan Overview:
Max New York Life ,Life Gain™ plus 20 participating plan provides you with an insurance cover that is guaranteed for 20 years downhill the line. It builds cash value, which you can use during your lifetime to fund any unexpected 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 time, while you get cover for the total tenure! Also, your money grows quickly, resulting in a substantial lump sum on maturity. In case of ill-timed death, this plan also provides sum assured plus extra insurance coverage purchased from bonuses for first 5 years and then doubles the same afterwards.

You can also modify your policy to meet your specific requirements. We offer you the flexibility to enhance the value of your policy by using different 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 incidence of the insured event.
Features:
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
• In the first five years – Sum Assured plus additional insurance coverage purchased from bonuses.
• After five years – dual the Sum Assured plus additional insurance coverage purchased from bonuses
Bonus Options
• Paid in Cash
• Premium Offset
• Paid up Additions
Key Benefits:
• Guaranteed Financial security
• 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

Rider:
Age: 20 – 50 Years (depending upon Term)
Benefits: Incase Insured is diagnosed with any of the below mentioned diseases, an additional benefit will be paid to the insured.
Tenors Available: Pick-a-Term: Minimum 10 Years
Maximum 40 Years
Expiry Age: 60 Years
Minimum Face Amount: Rs 1 lac
Maximum Face Amount: The lower of base face amount or Rs. 10 Lacs
Benefit Features: Gives an additional benefit upon diagnosis of any of the ten diseases viz – Heart Attack, Cancer, Stroke, CABG, Multiple Sclerosis, Kidney Failure, Major Organ Transplant, Paralysis, COMA, Heart Valve Replacement/Repair
Calculation of Modal Premiums for Annual, Semi Annual, Quarterly , Monthly Modes For each frequency, multiply by theappropriate factor:
Annual 1.000
Semi Annual 0.520
Quarterly 0.265
Monthly 0.090

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