Max New York Life Smart Express Plan (ULIP Plan)

Smart express is an ulip plan. It is limited term period policy where you can do investments through an extensive variety of funds. The reward of persistent units is there, even in case of a short term policy. The rider options are also available. In this policy you may also get the systematic transfer plan option which ensures that your investments are safe even in case of worst market conditions.

Parameters	Minimum	Maximum
Entry Age	91 Days	55 years (Single Premium), 60 years (3 pay/5 pay)
Maturity Age	18 years	75 yrs
Policy Term	Fixed Term for 10 years.
Annual Target Premium	Single Premium:1,50,000/- 3 pay-1,00,000/- 5 pay- 50,000/-	N. A.

Key Benefits
Maturity Benefits :
Fund value, with which you get the persistency units value for last 5 years of the policy(single premium 0.5%, 3 pay /5 pay 4%)
You can also get some settlement options like :
You will receive periodical payments.
You can continue policy with out death benefit for 5 years, where investments will continue.
Death Benefit :
You will get higher of your fund value.
Rider options :
Dread disease and permanent disability rider options are available with this plan.
Fund Options :
You have the choice of 8 managed funds for your investment.
1. Secure
2. Conservative
3. Balanced
4. Growth
5. Growth Super
6. High Growth
7. Money market
8. Secure plus.
Flexibilities :
• Fund switching options are available.
• You can redirect the premium payment pattern. 3free redirections/Policy year.
• You can also do partial withdrawals buy after 3 year locking period.
3 pay/5 pay: Minimum: Rs. 10,000/- Maximum: Lower of 75% of fund value or (fund value- 1.5 initial ATP) Single Premium: Minimum: 10,000/- Maximum: Fund value-20% ATP.