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Insurance policy is a contract of protection/compensation by the insurer to the insured. It is designed to reimburse or compensate the insured party for the financial loss caused in event of death or damage to merchandise as mentioned in the insurance contract.

Broadly insurance can be classified in two categories:
First - Life Insurance which matures in event of death of the insured/policyholder. On occurrence of such an event the insurance company pays a sum of money assured to the nominee/beneficiary (person nominated by the policyholder). Life Insurances are of two types:
Traditional Plans - which contain Endowment Plan , Cash Back Plan, Term Plan , (Term Life Insurance) and Whole life policy. And Unit-linked Insurance Plans - are of 4 types - Endowment cum Ulips, Children Plan , Retirement Plan or Pension plan and investment/saving plans.
Second - General insurance. All insurance policies other than life insurance policies come under general insurance segmentation. (Also known as non-life insurance policies). These policies include Home Insurance, Auto Insurance, Travel Insurance, Marine Insurance, Theft Insurance, Office insurance and Health insurance
Health insurance is most acquired policy in general insurance segment. Health insurances are of 3 types - Comprehensive Plan - which include Mediclaim and Fixed benefits plan, Accidental Insurance and Critical Care plan .
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Home > Life Insurance > Life Insurance Companies > Max New York Life

Max New York Life

Various Plans offered by Max New York Life Insurance are as follows
Life Plans - Currently available products to purchase
1. Max New York Life Platinum Protect It is a comprehensive solution that fulfills all your protection needs for your family and yourself.

2. Whole Life Participating Plan:Is a policy which you can avail till the age of 100years.Its a lifetime security plan.

3. 20year Endowment (Par) Plan : Is an endowment plan where on its maturity at the end of 20 years, this policy gives you a guaranteed sum also any bonus it accumulates.

4. Endowment to age 60 (Par) Plan : is a policy that helps you to save mainly for your retired life. The policy matures after your 60th birthday and you can use the funds in any way you wish.

5. Life Gain Plus 20 participating plan : Is a plan that provides with an insurance cover that is guaranteed for 20 years.

6. Life Gain™ Plus 25 : is a limited pay endowment plan to meet your financial goal and save for any need after 25years.

7. Life Pay Money Back Plan : Is a plan where it keeps paying part of the Sum Assured at regular intervals and the balance keeps growing to take care of your long term saving needs. Besides it also provides insurance coverage till maturity.

8. Life Gain Endowment Plan: Is a plan which provides an insurance cover that is guaranteed during the tenure of the policy.

9. Max New York Guaranteed Monthly Income Plan: The Guaranteed Monthly Income plan not just ensures safety of your investments but also ensures that your savings are cushioned from ill-effects of inflation.

10. Max New York Life Gain Endowment - It provides you with an insurance cover that is guaranteed during the tenure of the policy.

Health Plans - Currently available products to purchase

1. Max New York Life LifeLine Medicash Plus It is provide you support by giving you hospital cash benefit, whenever you are hospitalized.

2. Max New York Life LifeLine Safety Net Its offers you a term cum health insurance - LifeLine-Safety Net , the new age insurance covering death, disability, disease and accident under one single plan.

3. Max New York Life LifeLine Healthy Family - The Most Comprehensive Health Insurance Plan.

4. Max New York Life LifeLine Wellness Plus It’s provide a wonderful benefit system in terms of long tenure of coverage, coverage for 38 critical illnesses and tax benefit.

Children Plans - Currently available products to purchase

1. Max New York Life Shiksha Plus II It is a 360 degree child plan that provides for over all development of your child in all the circumstances.

2. Max New York Life College Plan - A Guaranteed Money Back Life Insurance plan designed to meet the rising cost of college education of your child.

Children Plans - Old products not available for fresh purchase

1. Smart Steps : Is a regular premium unit linked life insurance children plan.

2. Smart Steps Plus : A regular premium unit linked life insurance plan to fulfill for your children’s future requirements.

3. SMART Steps Single Premium : Is a policy which will help you plan for your child's future in an orderly manner.

4. Children's Endowment Participating Insurance to age 18 : Is a life insurance plan where it helps you to provide for your child higher education.

5. Children's Endowment Participating Insurance to age 24 : This plan helps to provide for various events in your child’s life such as a marriage and other needs.

6. Max New York Life Smart Bond - The smartest way to ensure maximum protection for your family with minimum investment.

Retirement Plan - Currently available products to purchase.

1. Life Partner plus Plan: Is a limited pay endowment plan to Age 75. The benefits of this plan are gives you maturity benefits at the age of 75, provides you a life coverage insurance and helps in financial needs to the family of the policyholder incase of his death.

Retirement Plans - Old products not available for fresh purchase

1. Easy Life retirement (par) Plan: Is a plan with regular premium or single premium policy to meet your future needs that is at the time of your retirement.

2. Smart Invest Pension Plan: Is a comprehensive unit linked pension plan to meet your post retirement financial needs.

Growth Plans - Currently available products to purchase

1. Max New York Life Flexi Fortune – Its allows you to customize your plan as per your requirements, investment choices, and type of cover.

2. Max New York Life Fast Track Plan - You want to maximize your savings, enabling you to lead a relaxed lifestyle where you can live life to the fullest and focus on fulfilling your wishes, and realizing your own dreams.

Not Available
1. Max New York Life Shubh Invest It is a simple yet powerful solution for you, and is an ideal plan to start your journey towards financial independence.

Max New York Life Insurance - Old available for products not fresh purchase

Protection Plans - Old products not available for fresh purchase

1. Five Year Renewable and Convertible Term Insurance : provide you with a low cost insurance cover during its tenure of five years and secures your family future needs.

2. Level Term Policy: Is a very low cost plan which offers insurance cover.

Investment Plans - Old available for products not fresh purchase

1. Smart Assure : Is a unit linked insurance plan that combines insurance and investment

2. Life Invest: Is based on the different needs of an individual and provides comprehensive protection.

3. Life Maker Premium : Is an investment-cum-insurance plan where you can invest your funds in various schemes like equities and debts.

4. Life Maker Gold: is a unit linked plan which provides insurance as well as investment options.

5. Life Maker Platinum: Is a unit linked plan to meet your financial goals.

Group Plans - Currently available products to purchase

1. Group Credit Life
2. Max Super Life
3. Group Gratuity cum Term Assurance
4. Unit Linked Group Gratuity Plan.
5. Unit Linked Superannuation Plan.
6. Group Term Life
7. Employee Deposit Linked Insurance

Disclaimer: Please note that the information provided is collected from sources publicly available & we believe to be reliable. The website doesn’t warrant the accuracy, reliability & absolute information available on the website. Participation by site visitors or registered customers is on a voluntary basis. The policies are offered by various life Insurance & non-life insurance offering companies and Bimadeals does not seek to, either directly or indirectly, advise, offer, solicit or recommend that any person who is or proposes to become its member should purchase the Policy.
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