The Max New York life gives its customers more than the critical needs of the life. It gives a better life style, big home, protection of the family and business establishments. It provides the powerful investment cum insurance plan where the customers can direct the investments in modified unit linked funds such as equities, corporate bonds and government securities.
The Life Maker Premium is an investment plan of the Max New York life insurance. The main features of this plan are
- The entry age for the plan is any age between 91 days to 65 years. The maximum issue age is 50 years with DD rider and 55 years with PAB rider.
- The regular premium payment term is equivalent to the policy term and the limited payment term is 5, 10 or 15 years.
- The policy term in entire year is for regular pay option a tenor is 10 years to 30 years. For limited pay 5 pay – 10 years policy term, 10 pay – 20 years policy term, 15 pay – 30 year policy term.
- The maximum maturity age is 75 years.
- The minimum sum assured for the Life Maker Premium is Rs. 100,000.
- The minimum annul target premium is Rs. 20000.
- At the time of maturity of the plan the company will pay the fund value.
- As death benefit higher of the sum assured or fund value of the Life Maker Premium on death is offered.
If the policy holder dies before attaining 10 years the company will pay the fund value only.
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Tags: insurance plan, Max New York Life