Retirement is a time when you would like to do the things, which you could not do
due to lack of time and your busy life prior to your retirement. This is actually
the time when you can truly live your dream such as enjoying a completely relaxed
life with your near and dear ones, traveling to exotic vacation destinations, buying
a lavish home or a luxurious car, etc. However, to fulfill all these dreams you
need sufficient savings or finance.
Catering to the diverse set of needs of various customers looking for retirement
planning, Max New York Life offers some splendid retirement plans, which would suit
their budget and lifestyle. Max New York Life's Easy Life™ Retirement Plan
Regular Premium/Single Premium (Participating) Policy is designed to help you save
money for your retirement. It also provides you with an opportunity to take home
a regular retirement income (i.e. pension).
For more information on Easy Life TMRetirement(Par), please
click here and provide your contact details. Our Financial Advisor will
contact you soon to provide more information on this product.
"For more details on risk factors, terms and conditions please read sales brochure carefully before concluding a sale".
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You have the flexibility to direct your investments in any one or more of the following
five unit linked investment funds of the Company: SECURE, CONSERVATIVE, BALANCED,
GROWTH and GROWTH SUPER. These funds invest in Fixed Income and equity assets as
follows
|
Fund
|
Secure fund |
Conservative fund |
Balanced fund |
Growth fund |
Growth super Fund
|
|
Investment type |
|
Government Securities |
50-100% |
50 - 80% |
20 - 50% |
0 - 30% |
0-20% |
|
Corporate Bonds (investment grade) |
0-50% |
0 - 50% |
20 - 40% |
0 - 30% |
0-20% |
|
Money Market Instruments / Cash |
0-20% |
0 - 20% |
0 - 20% |
0 - 20% |
0 - 20% |
|
Equities
|
NIL |
0 – 10% |
10 - 40% |
10 - 70% |
70-100% |
|
|
|
Flexibilities
|
|
Switching: This plan allows you to switch between funds and allows you to change
your risk return profile of your existing investments, safeguarding/increasing your
investments for your child. 6 Free switches are available to you in a Policy Year.
Premium Re-direction: This plan allows you to re-direct your future premiums. You
can invest your future premiums in a fund different from your earlier fund, or to
multiple funds in a ratio different from your earlier ratio. 3 free re-directions
are available to you in a policy year.
Partial Withdrawal: You can make lump-sum partial withdrawals from your funds at
any time after the completion of five policy years and within the policy term chosen,
provided the minimum amount of partial withdrawal is Rs.10,000.
Surrenders: You may by giving us a prior written request, surrender this policy,
at any time after the completion of first policy anniversary, provided an amount
equal to one ATP has been paid by you. However, the surrender value if any shall
be paid only after the completion of third policy anniversary.
|