Life Partner^TM Plus Plan

Benefits:

• Guaranteed financial protection
• Guaranteed money backs for 15 years
• Additional protection through various 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:

Living Benefit:

Guaranteed returns of 7.5% of 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 on each policy anniversaryThe anniversary of the date of issue of policy as shown in the policy. from age 61 to 75. 100% of 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 on policy maturity together with paid-up additions, if any.

Death Benefit:

An amount equal to initial Sum AssuredThe sum assured is the minimum amount payable to the assured or his/her dependants on the death of the life assured. 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 added through bonuses, (if any), will be paid 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.. If death occurs before life insured reaches age 10 the company will refund all the premiums paid along with interest rate of 3% per annum, subject to a maximum 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. chosen.

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

Flexibility to choose from 3 bonusDividends paid to shareholders from funds created out of additional profits realised by the company. payouts as per your needs - 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. and 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..
Note that bonuses are not guaranteed and shall be subject to declaration by the Company from time to time.

Surrender Options:

Policy will lapse in case the premiumA regular payment made to the insurance company to keep the policy in force. is not paid and Cash ValueThe equity amount or \'saving\' accumulation in a whole life policy., i.e., the savings of the policy will be utilized to buy insurance coverage through

• 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 policy termIt is the number of years the policy will be active. or
• 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 could also opt to take the Cash ValueThe equity amount or \'saving\' accumulation in a whole life policy. by cheque.

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.

Tax Benefit:

You may be entitled to certain tax benefits on your premiums and benefits. Tax benefits are subject to change in tax laws.

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

Premiums can be paid for a term of 3 / 7 / 10 / 20 years as per your convenience, irrespective of when the policy matures.

Terminal Illness Benefit:

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 maximum of cumulative of Rs. 5,00,000 under all Policies which provide for this Terminal Illness Benefit) then in force with the Company will be paid on the approval of Terminal Illness ClaimNotification to an insurance company that payment of an amount is due under the terms of the policy..

Free Look Period:

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

Example:

Mr. Shah and Mrs. Shah, aged 30 and 28 respectively, have just had a baby boy. Mr. Shah is hard-working and is a loving husband and father, who wishes to secure his family’s future financial needs in these uncertain times. He plans to save not only for his son's educational needs but also for his retirement life. Therefore, he buys Max New York Life's Life Partner^TM Plus 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. 8,45,729 with a monthly premiumA regular payment made to the insurance company to keep the policy in force. of Rs. 5,000 for a term of 20 years.

Living Benefit:

Death Benefit during the Term of the Plan:

Rs. 8,45,729 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, without deducting any living benefitsBenefits available before death, in events such as long-term, catastrophic or terminal illness. will be paid.

*Kindly note that 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 Returns @ 6% p.a. and Returns @ 10% p.a. mentioned above relate to assumed investment returns at different rates and may vary depending upon market conditions.

Max New York Life's Life Partner^TM Plus 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.

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

• Annual
• Semi Annual
• Quarterly
• Monthly

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’s Life Partner^TM Plus 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 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