Max New York Life has introduced 4 new Unit-linked Insurance Plans to fulfill all your needs. These plans are focused to reduce your risk component and promise you higher returns and secure your investments too.
One : Fortune Builder – This insurance plan is offering guaranteed loyalty bonus of up to 290% of Annual target premium or ATP. It even offers step-up premium facility, which helps counter inflation with increasing sum- assured benefit. This plan will follow the life stage-based allocation strategy.
Two : Unit Builder Plus – This is an annual income plan which will offer higher returns. The guaranteed loyalty additions give 100% of the ATP to fund value in the tenth year and annual income, which from the eleventh year of the policy, 25% of the ATP returned back to you.
Three : Smart Invest Pension Super – This plan provides 100 % allocation premium from the first year as well as guaranteed loyalty additions when 11 years of the policy is completed.
Four : Smart Xpress – This ULIP plan offers secured returns during the ups and downs in the market. It has seven fund options including money market fund as well as an exclusive fund for STP to make sure that investment made by you will reach the market in 12 equal installments.
Five : Shiksha Plus – This ulip facilitates a child’s aspirations and goals over various phases of student life. This plan is an all-rounder like your child as it will provide resources for over all development of your child under all circumstances. This product will provide for increasing education expenses as well as option of securing the future of second child. In case of unfortunate demise of the parent, the nominee/beneficiary is entitled to get 10% of initial sum assured every year (subject to a maximum of 100% of sum assured). This is to provide for child’s yearly education expenses. This product thus provides control over life’s uncertainties and inflation. It is available with seven investment fund options and choice of upgrading premium for sibling on birth or even adoption of second child. Even the option of increasing premium to counter inflation makes this plan a very lucrative deal for new parents. More over with a minimum premium of Rs.5000 gives you the option of partial withdrawal (after 3 years of completion).
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