Platinum Protect

Benefits:

• Comprehensive Insurance cover at affordable rates
• Low PremiumA regular payment made to the insurance company to keep the policy in force. rates for leading a healthy life style
• PremiumA regular payment made to the insurance company to keep the policy in force. discounts for high sum assuredThe sum assured is the minimum amount payable to the assured or his/her dependants on the death of the life assured.
• Life Cover continues even if you stop paying premiumA regular payment made to the insurance company to keep the policy in force.
• Riders to protect your family from death, disease, and disability
• Comprehensive medical report at the time of policy issuance

Key Features:

Death Benefit:

An amount equal to 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 to the nomineeA person or firm into whose name the policy is transferred in order to facilitate transactions, while leaving the customer as the actual owner. in case of death of the Life AssuredThe person covered by a life insurance policy. The insurance company pays out on the death of the policyholder..

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.

Comprehensive Cover:

Ensure you are ready for any eventuality by opting for the dread disease and/or Personal Accident Benefit riderAn attachment to a policy that modifies its conditions by expanding or restricting benefits or excluding certain conditions from coverage..

Special Reward:

Lower premiumA regular payment made to the insurance company to keep the policy in force. rates for non-smokers / preferred non-smokers

High Sum AssuredThe sum assured is the minimum amount payable to the assured or his/her dependants on the death of the life assured. Discounts:

On 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 more than Rs. 50 Lacs, there is a discount of Rs. 15 per lac sum assuredThe sum assured is the minimum amount payable to the assured or his/her dependants on the death of the life assured.

Flexibility of Term:

Choice of five policy terms of 10, 15, 20, 25, or 30 years as per your need and protection horizon.

Multiple RiderAn attachment to a policy that modifies its conditions by expanding or restricting benefits or excluding certain conditions from coverage. Options

Additional protection can be availed with two riderAn attachment to a policy that modifies its conditions by expanding or restricting benefits or excluding certain conditions from coverage. options to help customise policy as per your needs. These riders can be attached to your policy to get extra benefits.

Surrender Options

If premiumA regular payment made to the insurance company to keep the policy in force. is not paid from 16th year onwards, you will be eligible for 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. as Reduced Insurance Cover for the rest of the policy termIt is the number of years the policy will be active.. However, you will be unable to avail of any riderAn attachment to a policy that modifies its conditions by expanding or restricting benefits or excluding certain conditions from coverage. benefits.

Free Look Period

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

Example:

Mr. Singh is 30 years old and lives with Mrs. Singh, who is 27 years old. Mr. Singh is very health conscious and hence he does not smoke and goes to gym regularly. He wishes to secure his family's financial needs and fulfill all their dreams even in his absence. Therefore, Mr. Singh buys Max New York Life's Platinum Protect 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. 1 Crore for a term of 20 years. He needs to pay a monthly premiumA regular payment made to the insurance company to keep the policy in force. of Rs. 1,305 and yearly premiumA regular payment made to the insurance company to keep the policy in force. of Rs. 16,100 (exclusive of service tax) regularly for 20 years.

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

Annual premiumA regular payment made to the insurance company to keep the policy in force. paying mode - Rs. 5000

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

Max New York Life's Platinum Protect offers you various modes of premiumA regular payment made to the insurance company to keep the policy in force. payment to choose from as per your convenience. Here’s an overview of the different premiumA regular payment made to the insurance company to keep the policy in force. payment modes and the modal factorsThe modal factor is usually a percentage of the annual premium. It is applicable if you decide to pay premium on a non-annual basis..

How to Pay PremiumA regular payment made to the insurance company to keep the policy in force.

Choose the most convenient premiumA regular payment made to the insurance company to keep the policy in force. payment option - from paying online to paying at a dropbox. Check ways to pay your premiumA regular payment made to the insurance company to keep the policy in force..

Sample premiumA regular payment made to the insurance company to keep the policy in force.* rates for Rs. 50 Lakh Sum AssuredThe sum assured is the minimum amount payable to the assured or his/her dependants on the death of the life assured. (Annual mode)

Sample premiums for a male policyholder for Rs. 50 lacs Sum AssuredThe sum assured is the minimum amount payable to the assured or his/her dependants on the death of the life assured., 20-year policy termIt is the number of years the policy will be active.. Taxes extra.

Max New York Life's Platinum Protect offers the riders below to customize your plan as per your needs:

Dread Disease RiderAn attachment to a policy that modifies its conditions by expanding or restricting benefits or excluding certain conditions from coverage.: (UIN: 104C010V02)

Dread Disease Rider Rates

Personal Accidental Benefit RiderAn attachment to a policy that modifies its conditions by expanding or restricting benefits or excluding certain conditions from coverage.: (UIN: 104C007V02)

Personal Accidental Benefit Rider Rates