The first step marks a new beginning and with Max New York Life Shubh Invest, you can take the first step towards achieving your financial goals. Max New York Life Shubh Invest is an easy yet powerful solution for you, and is an ideal plan to start your journey towards financial independence. It not only gives you the chance to invest with its low entry premium amount, it also gives you risk-cover to protect your family’s future.
Eligibility –
| Particulars | Features |
| Minimum/ Maximum Age of Life Assured at Entry (Last Birthday) | 21 years to 50 years |
| Policy Term | 15 years |
| Maximum Age of Life Assured at Maturity | 65 years |
| Premium Payment Term | Regular pay |
| Premium payment Mode | Only Annual |
| Minimum Annual Target Premium | Rs 15,000 |
| Maximum Annual Target Premium | Rs 24,000 |
| Cover multiple | For ages 21 to 29 : Fixed 30 times of ATP
For ages 30 to 50 : Fixed 20 times of ATP |
| Sum Assured | Annual Premium X Cover Multiple |
| Partial Withdrawal | 12 free partial withdrawals allowed in a policy year |
Benefits –
| Maturity Benefit | The Fund value that will be applicable on the original maturity of the policy |
| Death Benefit | Sum Assured + Fund Value |
| Dread Disease Benefit | The Company will pay following Dread Disease Benefit : 1. 50% of Base Sum Assured. 2. The Dread Disease benefit shall not reduce the other benefits payable under the Policy. 3. The Policy will continue subject to receipt of premium and recovery of all the charges except morbidity charges. |
Key Benefits –
- Affordable investment, low entry premium:
- With annual premium starting from Rs. 15,000; it gives more people an opportunity to plan for their future
- Comprehensive Protection:
- Ensure a safe today and tomorrow for your loved ones with an inbuilt Dread Disease Benefit to take care of major diseases and a high cover to take care of your family. 20-30 times of sum assured guaranteed depending on age.
- Personal Investment Manager:
- Your investment should have the best of expertise as per your requirements, and through Dynamic Fund Allocation, your investment moves from high risk funds to low risk as you near your goal to protect your funds when you need them.
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