20 Year Endowment (Par)

Benefits:

• Guaranteed financial protection
• Additional protection through riders
• BonusDividends paid to shareholders from funds created out of additional profits realised by the company. declared every year from 3^rd policy year onwards

Key Features:

Cash ValueThe equity amount or \'saving\' accumulation in a whole life policy.

If your policy continues for at least 3 years and all premiumA regular payment made to the insurance company to keep the policy in force.s have been received by us, then you are eligible for non-guaranteed cash valueThe equity amount or \'saving\' accumulation in a whole life policy. equal to 30% of the premiumA regular payment made to the insurance company to keep the policy in force. (excluding the first year's premiumA regular payment made to the insurance company to keep the policy in force.)

Surrender Options:

In case you are unable to pay your premiums, your policy will lapse and we will utilize your 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: A lower Sum AssuredThe sum assured is the minimum amount payable to the assured or his/her dependants on the death of the life assured. for the remaining term of your policy
• Extended Term Insurance: Where 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 the policy, for a term, which the surrender value can purchase.
  In case, you do not want either of the above, you can choose to take the cash valueThe equity amount or \'saving\' accumulation in a whole life policy. by cheque

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.

Note that bonuses are not guaranteed and will be subject to declaration of the bonuses by the Company from time to time.

Maturity benefit:

We will pay 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. along with accrued bonuses, (if any).

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. along with accrued bonusDividends paid to shareholders from funds created out of additional profits realised by the company. (if any), is payable

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.

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 six 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.

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 four 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.

Example:

A healthy 30-year-old male buys Max New York Life 20 year Endowment (Par) Plan for 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. 5 Lakh with an annual premiumA regular payment made to the insurance company to keep the policy in force. of Rs. 24,150.

Kindly note: The above stated 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 20 year Endowment Participating Plan offers following riders 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

Five-Year Renewable and Convertible Term RiderAn attachment to a policy that modifies its conditions by expanding or restricting benefits or excluding certain conditions from coverage. (UIN: 104B012V01):

Five-Year Renewable and Convertible Term Rider Rates