LifeLine-Safety Net^TM Plan

Critical Illness Benefit:

• On the diagnosis of any of the critical illnesses (Cancer, Coma, Kidney failure, Multiple sclerosis, Heart attack, Paralysis/paraplegia and Stroke) Or
• On the actual undergoing of the surgery of Major organ transplant, Coronary artery, bypass surgery, Heart valve surgery, the company shall advance 50% of the sum assuredThe sum assured is the minimum amount payable to the assured or his/her dependants on the death of the life assured. subject to the survival of the life insured for at least 28 (Twenty Eight) days after the happening of the such insured eventThe event that has been covered in the insurance policy. .

Death Benefit:

On the death of the life insured, the Company shall pay 100% of the Sum AssuredThe sum assured is the minimum amount payable to the assured or his/her dependants on the death of the life assured., subject to deduction of Critical Illness Benefit if paid any.

Total and Permanent Disability Benefit:

50% of Sum AssuredThe sum assured is the minimum amount payable to the assured or his/her dependants on the death of the life assured. will be paid as an additional benefit in case the Life AssuredThe person covered by a life insurance policy. The insurance company pays out on the death of the policyholder. meets with an accident, which results in total and permanent disability within 180 days of accident.

Accidental Death Benefit:

Additional 100% of the Sum AssuredThe sum assured is the minimum amount payable to the assured or his/her dependants on the death of the life assured. will be paid if the Life AssuredThe person covered by a life insurance policy. The insurance company pays out on the death of the policyholder. dies due to an accident without adjusting for the critical illnessIncludes a range of illnesses that affect your health majorly, during a defined period of time. benefit paid earlier.

Surrender Options:

30 days of grace periodPeriod of time after the due date of a premium, during which the policy remains in force. is given in case the premiumA regular payment made to the insurance company to keep the policy in force. is not paid, after which the policy will lapse. Policy can be revived within 6 months of premiumA regular payment made to the insurance company to keep the policy in force. due date, after which the policy will terminate.

Tax Benefits:

You may be entitled to certain tax benefits on your premiums and benefits. Please note all the tax benefits are subject to tax laws prevailing at the time of payment of PremiumA regular payment made to the insurance company to keep the policy in force. or receipt of benefits by you and are subject to change in tax laws.

Free Look:

An option to cancel the policy within 15 days of receipt is given to you, in case of dissatisfaction.

Term Period:

Premiums can be paid for a chosen period of term of 10, 15, 20, 25, or 30 years as per the need of customer

Benefits:

ExclusionsSpecific conditions or circumstances listed in an insurance policy for which the policy will not provide benefit payments.

There a few general and plan-specific conditions for which you will not receive any benefit. Read more about the exclusionsSpecific conditions or circumstances listed in an insurance policy for which the policy will not provide benefit payments. here.

Mr. Sharma is 32 years old and lives with Mrs. Sharma, who is 29 years old. He wishes to secure his family's financial needs and provide a good future for them even in his absence. Therefore, Mr. Sharma buys Max New York Life's LifeLine Safety Net plan for a Sum AssuredThe sum assured is the minimum amount payable to the assured or his/her dependants on the death of the life assured. of Rs. 20 Lacs for a term of 20 years. He needs to pay a yearly premiumA regular payment made to the insurance company to keep the policy in force. of Rs. 11540 (exclusive of service tax) regularly for 20 years.

PremiumA regular payment made to the insurance company to keep the policy in force. Table: