Life Gain™ Plus 25 Participating Plan|Plan Overview|Features|Key Benefits|Riders

Plan Overview:
Max New York Life – Life Gain™ Plus 25 is a limited pay endowment plan to get together 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 an extremely limited time, while you get cover for the entire 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 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 exact 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 happening of the insured event.

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

Features:
Criteria Eligibility

Maturity age 75 years
Entry age 18 years to 50 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% 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
• Premium Offsets
• Paid in Cash
• Paid up Additions

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

Riders:
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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Tags: Endowment Plan, insurance policy, Life Insurance, Max New York Life