Life Gain^TM Endowment

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.) received.

Surrender Value:

After the policy has acquired cash valueThe equity amount or \'saving\' accumulation in a whole life policy., you may opt to surrender the policy for cash. The surrender value payable will be equal to cash valueThe equity amount or \'saving\' accumulation in a whole life policy. minus any loan including interest accrued to date of surrender and any other outstanding under the policy.

Facility of a loan:

Once the policy has acquired a cash valueThe equity amount or \'saving\' accumulation in a whole life policy., you will be eligible for a loan so that you can fulfill any unforeseen need conveniently. The maximum amount of loan/s at any point in time shall not exceed ninety percent of the cash valueThe equity amount or \'saving\' accumulation in a whole life policy. or such percentage as the Company may determine 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:

If the policy has acquired a surrender value, you may surrender your policy for cash or exercise the following options:

• 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. This reduced paid up insurance may acquire cash valueThe equity amount or \'saving\' accumulation in a whole life policy., which entitles the policyholder to take loans.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 the 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 Policyholder.

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.

Maturity benefit:

On maturity, you get the 110% of Sum AssuredThe sum assured is the minimum amount payable to the assured or his/her dependants on the death of the life assured. plus 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, if any.

Death benefit:

The beneficiaryA person(s) designated by the policy owner to receive the proceeds of an insurance policy upon the death of the insured. gets:

• 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 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, if any

• If death occurs before Life Insured reaches age 10, refund for all the premiums paid along with interest of 3% per annum, compoundedThe value of an investment increases exponentially over time due to compound interest on being compounded. annually, subject to payment not exceeding the sum assuredThe sum assured is the minimum amount payable to the assured or his/her dependants on the death of the life assured., less outstanding loans, if any and interest accrued thereon.

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 and shall be subject to change in tax laws.

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. .

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 extra benefits.

Example:

A healthy 30-year-old male buys Max New York Life Life Gain Endowment 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. 4 Lakh with an annual premiumA regular payment made to the insurance company to keep the policy in force. of Rs. 23,100 for 20 years.

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 Life Gain Endowment Plan offers the following 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

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

Payor RiderAn attachment to a policy that modifies its conditions by expanding or restricting benefits or excluding certain conditions from coverage. (UIN: 104B013V02):

Payor Rider Rates