Max Amsure Bonus Builder Plan

Benefits:

• On maturity, you get the Sum AssuredThe sum assured is the minimum amount payable to the assured or his/her dependants on the death of the life assured. amount along with the Sum AssuredThe sum assured is the minimum amount payable to the assured or his/her dependants on the death of the life assured. of paid up additions plus accrued bonuses, if any
• Every year from age 61 to 80, get money back benefit of 5% of original Sum AssuredThe sum assured is the minimum amount payable to the assured or his/her dependants on the death of the life assured.
• On death of Life AssuredThe person covered by a life insurance policy. The insurance company pays out on the death of the policyholder., you get Sum AssuredThe sum assured is the minimum amount payable to the assured or his/her dependants on the death of the life assured. plus accrued bonusDividends paid to shareholders from funds created out of additional profits realised by the company., if any
• Terminal illnessA disease that cannot be cured or adequately treated and that is reasonably expected to result in the death of the patient within a relatively short period of time. benefit ensures that you get 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. subject to a maximum cumulative of Rs. 5 Lacs under all policies which provide for terminal illnessA disease that cannot be cured or adequately treated and that is reasonably expected to result in the death of the patient within a relatively short period of time. in case a terminal illnessA disease that cannot be cured or adequately treated and that is reasonably expected to result in the death of the patient within a relatively short period of time. that is likely to lead to death of the Life Insured within 6 months from the date of diagnosis.

Key Features:

Living benefit:

Starting from your (Life AssuredThe person covered by a life insurance policy. The insurance company pays out on the death of the policyholder.) 61^st birthday to your 80^th birthday, every year you will receive 5% of original Sum AssuredThe sum assured is the minimum amount payable to the assured or his/her dependants on the death of the life assured. as a living benefit during the policy termIt is the number of years the policy will be active..

Maturity benefit:

On maturity, i.e., at age 100, you will receive benefits that include the Sum AssuredThe sum assured is the minimum amount payable to the assured or his/her dependants on the death of the life assured. amount along with the Sum AssuredThe sum assured is the minimum amount payable to the assured or his/her dependants on the death of the life assured. of paid-up additions and bonuses, if any. Living benefit already paid to Life Insured during ages 61 to 80 shall not be deducted from the maturity benefits.

Death benefit:

On death of Life Insured before maturity, we shall pay the Sum Insured together with Sum AssuredThe sum assured is the minimum amount payable to the assured or his/her dependants on the death of the life assured. of paid up additions, along with accrued bonuses, if any.

Terminal illnessA disease that cannot be cured or adequately treated and that is reasonably expected to result in the death of the patient within a relatively short period of time. benefit:

On diagnosis of a terminal illnessA disease that cannot be cured or adequately treated and that is reasonably expected to result in the death of the patient within a relatively short period of time. with a life expectancy of 6 months or less, the Life AssuredThe person covered by a life insurance policy. The insurance company pays out on the death of the policyholder. will get:

• Up to 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. (subject to a maximum of Rs. 5,00,000)
• Remainder of Sum AssuredThe sum assured is the minimum amount payable to the assured or his/her dependants on the death of the life assured. on the occurrence of the insured eventThe event that has been covered in the insurance policy.

BonusDividends paid to shareholders from funds created out of additional profits realised by the company. options:

From third policy year onwards, you may be eligible for bonusDividends paid to shareholders from funds created out of additional profits realised by the company. and these will be paid out, based on your choice of bonusDividends paid to shareholders from funds created out of additional profits realised by the company. options:

• Cash BonusDividends paid to shareholders from funds created out of additional profits realised by the company., where you can take the bonusDividends paid to shareholders from funds created out of additional profits realised by the company. in cash
• PremiumA regular payment made to the insurance company to keep the policy in force. Offset, where you can use the bonusDividends paid to shareholders from funds created out of additional profits realised by the company. to pay a part of your premiumA regular payment made to the insurance company to keep the policy in force.
• Paid Up Additions, where you can use the bonusDividends paid to shareholders from funds created out of additional profits realised by the company. to permanently increase the Sum AssuredThe sum assured is the minimum amount payable to the assured or his/her dependants on the death of the life assured..

However, bonuses are not guaranteed and will be declared by the Company from time to time.

Non-forfeitureIt allows for the insured to receive all or a portion of the benefits or a partial refund on the premiums paid if the insured misses premium payments, causing the policy to lapse.  Options:

In case you are unable to pay your premiums, your policy will lapse and we will utilize the cash valueThe equity amount or \'saving\' accumulation in a whole life policy. to buy you insurance coverage in one of the following ways:

• Reduced Paid-Up Insurance: A reduced paid up insurance is the amount of paid-up insurance, which can be purchased by utilizing the Surrender Value which is lower than the Sum AssuredThe sum assured is the minimum amount payable to the assured or his/her dependants on the death of the life assured.. This reduced paid-up insurance will acquire cash valueThe equity amount or \'saving\' accumulation in a whole life policy.. Such paid up policy is not entitled to any bonusDividends paid to shareholders from funds created out of additional profits realised by the company..
• Extended Term Insurance: The Surrender Value will be used as a single premiumA regular payment made to the insurance company to keep the policy in force. to buy Term Insurance equal to the current Sum AssuredThe sum assured is the minimum amount payable to the assured or his/her dependants on the death of the life assured. of this Policy for a term the Surrender Value can purchase. Such ETI is not eligible for bonusDividends paid to shareholders from funds created out of additional profits realised by the company. or cash valueThe equity amount or \'saving\' accumulation in a whole life policy.. The maximum term for this ETI cannot exceed the remaining term of this Policy. Should the Surrender Value be sufficient to buy a single premiumA regular payment made to the insurance company to keep the policy in force. Term Insurance for a term longer than the remaining term of this Policy then such excess amount will be paid in cash to the Policy Holder. The minimum term for ETI is five years. If the surrender value is not sufficient to purchase ETI for five years or more, the surrender value will be paid in cash.

Tax benefit:

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.

Additional benefits:

• Option to Participate in Progressive Bonuses (OPPB)
• Guaranteed InsurabilityAll conditions that affect an individual’s health, susceptibility to injury and life expectancy; an individual\'s risk profile. Option (GIO)

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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 six 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 additional benefits.

Example:

Mr. Singh is 35 years old and takes a Max New York Life BonusDividends paid to shareholders from funds created out of additional profits realised by the company. Builder Par 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. 8,67,053 which would be with him through out his life’s various milestones. He pays an annual premiumA regular payment made to the insurance company to keep the policy in force. of Rs. 30,000 for his whole life plan.

Kindly note that the above is only an example and does not in any way create any rights and / or obligations. The actual experience on the contract may be different from illustrated. The non-guaranteed low and high rates mentioned above relate to assumed investment returns at different rates and may vary depending upon market conditions.
The premiumA regular payment made to the insurance company to keep the policy in force. mentioned is exclusive of service tax charges.

PremiumA regular payment made to the insurance company to keep the policy in force. payment frequency factor -

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..

Max New York Life Max Amsure BonusDividends paid to shareholders from funds created out of additional profits realised by the company. Builder Plan offers the riders below to customise 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

Term RiderAn attachment to a policy that modifies its conditions by expanding or restricting benefits or excluding certain conditions from coverage. (UIN: 104B019V01):

Term Rider Rates

Waiver of PremiumA regular payment made to the insurance company to keep the policy in force. (WOP) RiderAn attachment to a policy that modifies its conditions by expanding or restricting benefits or excluding certain conditions from coverage. (UIN: 104B018V01) :

Waiver of Premium (WOP) Rider Rates

Guaranteed InsurabilityAll conditions that affect an individual’s health, susceptibility to injury and life expectancy; an individual\'s risk profile. Option (GIO) RiderAn attachment to a policy that modifies its conditions by expanding or restricting benefits or excluding certain conditions from coverage. (UIN: 104B009V01):

Option to Participate in Progressive BonusDividends paid to shareholders from funds created out of additional profits realised by the company. (OPPB)