A few decades back, it was all about focusing on education and ensuring that the children get the best opportunities for their education. Now it goes beyond that. Its more about having a multi-faceted personality, being an all-rounder and excelling in various fields.
We understand this desire that every parent has for their child. Therefore, our child plan are designed specifically to ensure that your child not only gets the best of education but also can explore and develop his/her hidden talent.
Max New York Life Shiksha Plus is a 360 degree child plan that provides for over all development of your child in all the circumstances. Along with addressing the increasing cost of education, the plan also provides an option to secure the future of your second child also once he/she is born.
For more information on Max New York Life's Shiksha Plus, 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".
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 or choose Dynamic Fund Allocation option which enables you to plan your investments basis your life stage.
| Funds |
Asset Types |
| Government Securities |
Corporate Bonds (Investment Grade) |
Money Market and Cash Instruments |
Equity |
| Secure |
50-100% |
0-50% |
0-40% |
Nil |
| Conservative |
50-80% |
0-50% |
0-40% |
0-15% |
| Balanced |
20-50% |
20-40% |
0-40% |
10-40% |
| Growth |
0-30% |
0-30% |
0-40% |
20-70% |
| Growth Super |
0-20% |
0-20% |
0-30% |
70-100% |
| Dynamic Opportunities |
0-100% |
0-100% |
0-40% |
0-100% |
| Money Market |
Nil |
Nil |
100% |
Nil |
Flexibilities
Switching:
- Existing investment can be moved in totality or in a certain proportion to one or more funds from the current one
- 12 switches/policy year and all are free of charge
Premium Redirection:
- Modify the flow of future investments, different from the existing pattern.
- 12 redirections/policy year and all are free of charge
Partial Withdrawals:
Can be made anytime post completion of 3 years
Minimum: Rs 5,000
Maximum: Lower of 20% of Fund Value /Fund Value cannot be less than 1.5 times of initial ATP