LifeLine Wellness^TM Plus Plan

Critical Illness Coverage:

Covers 38 critical illnesses / conditions and offers up to 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. with a maximum limit of Rs. 20 Lacs.

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 tax benefits are subject to change in tax laws.

Term Period:

Premiums can be paid for a chosen period of term of 10, 15 or 20 years as per your needs.

Revival Options:

30 days of grace periodPeriod of time after the due date of a premium, during which the policy remains in force. is given if the premiumA regular payment made to the insurance company to keep the policy in force. is not paid, after which the policy will lapse and benefits will not be paid. However, within 6 months from the revival periodThe life cover ceases once the policy lapses. However, the policy can be reactivated on fulfilling a few conditions., you can pay the due premiums with interest to revive the policy, after which the policy will cease.

Free Look:

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

Benefits:

You can choose any unit from 1 to 10 as your insurance coverage at the time of buying the insurance. With Max New York Life’s LifeLine Wellness Plus plan, the scale of benefits is drawn as below:

List of Covered Critical Illness Conditions under Wellness Plus Plan

The List of Conditions Covered under Wellness Plus Plan is divided into 3 groups, depending on the severity of the disease and the benefit payable under such group. Once a ClaimNotification to an insurance company that payment of an amount is due under the terms of the policy. is put forth for a particular Critical Illness, the cover will continue for the Balance Sum AssuredThe sum assured is the minimum amount payable to the assured or his/her dependants on the death of the life assured.. The detailed listing of diseases and conditions under the three groups are captured in the table below.

This condition is subject to a maximum benefit amount of INR 500,000 across all policies on the life assuredThe person covered by a life insurance policy. The insurance company pays out on the death of the policyholder..

*This condition is subject to a maximum benefit amount of INR 1,000,000 across all policies on the given life assuredThe person covered by a life insurance policy. The insurance company pays out on the death of the policyholder..

A registered medical practitioner and a company-sponsored specialist will confirm the critical condition of the Life AssuredThe person covered by a life insurance policy. The insurance company pays out on the death of the policyholder.’s health. After which you will receive the benefits 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., provided the Life AssuredThe person covered by a life insurance policy. The insurance company pays out on the death of the policyholder. survives for at least 28 days and all the required documents have been submitted within 60 days of the date of the insured eventThe event that has been covered in the insurance policy. . Also, the payment of benefits will not exceed 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. and if claimNotification to an insurance company that payment of an amount is due under the terms of the policy. for any particular illness has been paid, it will not be paid again.

Example: Sample ClaimNotification to an insurance company that payment of an amount is due under the terms of the policy. Scenario

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. in detail in our brochure and policy contract.

* PremiumA regular payment made to the insurance company to keep the policy in force. rates are guaranteed for the first five years. At the end of five years, the premiumA regular payment made to the insurance company to keep the policy in force.s may be reviewed to take in to account the Company's experience. However premiumA regular payment made to the insurance company to keep the policy in force. will not be changed without the prior approval of the IRDA.

Sample 10 year PremiumA regular payment made to the insurance company to keep the policy in force. Table

Sample 15 year PremiumA regular payment made to the insurance company to keep the policy in force. Table

Sample 20 year PremiumA regular payment made to the insurance company to keep the policy in force. Table

The above premiumA regular payment made to the insurance company to keep the policy in force. rates are exclusive of any taxes

* Subject to prior approval of IRDA