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Max New York Life Fortune Builder
UIN 104L058V01
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You have always fulfilled all the wishes of your family be it a new car a vacation
or even a new home. To fulfill your dreams you need to plan accordingly. You need
an investment plan that accurately asses your requirements, creates wealth and also
preserves it and also rewards you for your loyalty.
Therefore choose the plan that will give you
- Wealth creation through an extensive variety of expertly managed funds
- Annual Income for family after death of policyholder
- Reward of Guaranteed Loyalty Additions up to 290%
- Safety of Returns through Money Market Fund
- Protection of life through Rider options
- Dynamic Fund Allocation to enable protection of corpus from market volatility
For more information on Max New York Life's Fortune Builder, please click here and provide your contact
details. Our Financial Advisor will contact you soon to provide more information
on this product.
Unlock your Fortune with our Plan.
"For more details on risk factors, terms and conditions please read sales brochure carefully before concluding a sale".
- Well Managed investment options to suit each risk appetite
- Capital safety in uncertain times with Money Market Fund
- Guaranteed additions in the form of Guaranteed Loyalty Additions up to 290% of annual
premium
- Extensive protection through high sum assured multiples
- Enhanced protection through Riders
Eligibility Criteria
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Criteria
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Eligibility
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Entry Age
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Minimum: 7 years
Maximum: 60 years
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Maturity Age
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Maximum: 80 years
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Policy Term
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Fixed term of 10/15/20 years
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Premium Payment Options
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Regular Pay
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Minimum Annual Target Premium
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Rs. 24,000
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Maturity Benefit:
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Fund Value, which would also include Guaranteed Loyalty Additions.
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Coverage Choice
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Year 10
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Year 15
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Year 20
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Total addition
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10
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120% of ATP
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-
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-
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120% of ATP
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15
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60% of ATP
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150% of ATP
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-
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210% of ATP
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20
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30% of ATP
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60% of ATP
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200% of ATP
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290% of ATP
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Settlement Option:
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On maturity you can take your entire money in a lump-sum or opt for a settlement
option wherein:
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- You will receive periodical payments
- Policy will continue without Death benefit for a maximum of 5 years, where it will
continue to remain invested
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Death Benefit:
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- Higher of Fund Value or Sum Assured
- Family Income Benefit an amount equal to 10% of sum assured every year for 10 years
or till original policy maturity date (whichever happens earlier) is paid to the
nominees, subject to a maximum of 100% of Sum Assured
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Dread Disease Rider
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Personal Accident Benefit Rider
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Age
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20 – 50 Years (depending upon Term)
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Benefits
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Incase Insured is diagnosed with any of the below mentioned diseases, an additional
benefit will be paid to the insured.
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Tenors Available:
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Pick-a-Term: Minimum 10 Years
Maximum 40 Years
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Expiry Age
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60 Years
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Minimum Face Amount
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Rs 1 lac
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Maximum Face Amount
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The lower of base face amount or Rs. 10 Lacs
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Benefit Features
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Gives an additional benefit upon diagnosis of any of the 10 diseases – Heart
Attack, Cancer, Stroke, CABG, Multiple Sclerosis, Kidney Failure, Major Organ Transplant,
Paralysis, Coma, Heart Valve Replacement/Repair
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Calculation of Modal Premiums for Annual, Semi Annual, Quarterly, Monthly Modes
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For each frequency, multiply by the appropriate factor:
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Annual
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1.000
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Semi Annual
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0.500
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Quarterly
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0.250
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Monthly
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0.083
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Age
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20 – 55 Years
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Benefits
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The Personal Accident Benefit is a low cost additional benefit that is paid incase
the insured’s death or total and permanent disability is caused by an accident.
Total and Permanent Disability means accidental injuries which, within 180 days
from the happening of such accident and independently of all other causes, results
in:
- irrecoverable loss of entire sight in both eyes; or
- amputation or loss of use, of both hands at or above the wrist; or
- amputation or loss of use, of both feet at or above the ankles; or
- amputation or loss of use, of one hand at or above the wrist and one foot at or
above the ankle, such that the life insured becomes incapable of engaging in any
gainful activity or carrying out any work, occupation, or profession to earn or
obtain any wages, compensation, remuneration or profit.
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Expiry Age
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60 Years
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Minimum Face Amount
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Rs 1 lac
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Maximum Face Amount
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The lower of base face amount or Rs. 40 Lacs
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Benefit Features
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Includes benefit incase of accidental death or permanent and total disability
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Calculation of Modal Premiums for Annual, Semi Annual, Quarterly, Monthly Modes
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For traditional policies, multiply by the appropriate factor:
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Annual
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1.000
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Semi Annual
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0.500
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Quarterly
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0.250
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Monthly
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0.083
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Age
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20 – 45 Years (Whole Life Par)
20 – 55 Years (All other plans)
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Benefits
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The waiver of premium protects the life insured from the burden of paying the premiums
on his insurance in case he/she gets totally disabled. “Total Disability”
or “Totally Disabled” refers to the life insured becoming permanently
and totally disabled as a result of injury or sickness and is thereby totally incapable
of engaging in any gainful activity or carry out any work, occupation, or profession
to earn or obtain any wages, compensation, remuneration or profit
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Expiry Age
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55 Years (Whole Life Par)
60 Years (All other plans)
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Minimum Face Amount
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Linked to Base and relevant rider Premiums
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Maximum Face Amount
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Subject to underwriting
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Calculation of Modal Premiums, Semi Annual, Quarterly, Monthly Modes
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For the following frequencies multiply by the factor given below:
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Annual
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1.000
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Semi Annual
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0.500
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Quarterly
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0.250
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Monthly
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0.083
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You have the choice of any of the 7 expertly managed funds to direct your investments
in any one or more of the following funds of the company.
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Fund
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Asset Types
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Government Securities
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Corporate Bonds (Investment Grade)
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Money Market and Cash Instruments
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Equity
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Secure
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50-100%
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0-50%
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0-40%
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Nil
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Conservative
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50-80%
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0-50%
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0-40%
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0-15%
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Balanced
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20-50%
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20-40%
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0-40%
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10-40%
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Growth
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0-30%
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0-30%
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0-40%
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20-70%
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Growth Super
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0-20%
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0-20%
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0-30%
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70-100%
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Dynamic Opportunities
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0-100%
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0-100%
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0-40%
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0-100%
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Money Market
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Nil
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Nil
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100%
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Nil
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Dynamic Fund Allocation
- Standardized and Systematic approach of maintaining debt-equity ratio throughout
the policy term
- Strikes right balance between risk and return with respect to age of policy holder
- Hassle Free Investment (Allocation, Switches, Redirection are taken care of)
- Hedge against capital erosion in the later years Ideal feature for less savvy investors
Flexibilities
Switching:
- Existing investment can be moved in totality or in a certain proportion to one or
more funds from the current one
- 12 free switches/policy year
Premium Redirection:
- Modify the flow of future investments, different from the existing pattern.
- 12 free redirections/policy year
Partial Withdrawals:
- 12 free partial withdrawals/policy year
- Can be made anytime post completion of 3 years
- Maximum: 20% of Fund Value -Fund Value cannot be less than 1.5 times Initial ATP
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Please wait. Updating...
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Net Asset Value on Date |
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 Balance Fund - |
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Conservative Fund - |
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Growth Fund - |
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Secure Fund - |
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Growth Super Fund - |
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High Growth Fund - |
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Growth Super Fund Pension - |
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Guaranteed Dynamic Fund - |
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Guaranteed Income Fund - |
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Dynamic Opportunities Fund - |
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Money Market Fund - |
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Secure Plus Fund - |
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