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Capital Builder Plan |
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Everyone in life desires continuous and genuine happiness. Insurance plays a special role in providing complete peace of mind and Max New York Life offers various tailor made insurance solutions to suit your lifestyle, budget, and insurance needs. Max New York Life also offers an array of Strategic Products keeping in mind its core values, vision, and social responsibility.
Max New York Life's Capital Builder is one of the simplest and the easiest product to understand. Capital Builder is an Ideal policy for less saving investors. It provides fixed life coverage, simple fund options and plan terms. This plan also gives an edge to you to choose any one of the investment plans amongst Govt. Securities, Corporate Bonds (Investment Grade), Money Market Instruments/Cash or Equities.
This is a simple and easy to understand product that provides fixed life coverage, simple fund options and plan terms.
- Hassle Free issuance - Without Medicals
- Investment fund options with up to 100% equity exposure
- Option of Personal Accident Benefit Rider
- Wide Customer Spectrum coverage up to age 75
- Simplified Application Form
- Free Portfolio Management by Opting Dynamic Fund Allocation
Eligibility Criteria
| Criteria |
Eligibility |
| Entry Age |
91 days to 55 years |
| Maximum Maturity age (Life Insured) |
75 years |
| Policy Term |
15 years or 20 years |
| Premium Paying Term |
Regular |
| Minimum ATP allowed: |
Rs. 15,000 |
| Maximum ATP allowed: |
a) Upto 35 years Rs. 300,000
b) 36 – 40 years Rs. 200,000
c) 41 – 55 years Rs. 100,000 |
Premium Term |
Equal to the policy term
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| Sum Assured |
Fixed - 10 times the Annual Target Premium
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| Personal Accident Benefit Rider |
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| Age |
20 – 55 Years |
| Benefits |
The Personal Accident Benefit is a low cost additional benefit that is paid in case 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:
- rrecoverable 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 |
60 Years |
| Minimum Face Amount |
Rs. 1 lac |
| Maximum Face Amount |
The lower of base face amount or Rs. 40 lacs |
| Benefit Features |
Includes benefit incase of accidental death or permanent and total disability |
| Calculation of Modal Premiums Semi Annual, Quarterly and Monthly Modes |
For traditional policies, multiply by the appropriate factor
| Annual |
1.000 |
| Semi Annual |
0.520 |
| Quarterly |
0.265 |
| Monthly |
0.090 |
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| Age |
20 – 55 Years |
| Benefits |
The Personal Accident Benefit is a low cost additional benefit that is paid in case 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
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| Tenors Available: |
Pick-a-Term: Minimum 10 Years
Maximum 40 Years
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| Expiry Age |
60 Years |
| Minimum Face Amount |
Rs 1,00,000/- |
| Maximum Face Amount |
The lower of base face amount or Rs. 40 Lacs |
| Benefit Features |
Gives an additional benefit upon diagnosis of any of the ten diseases viz – Heart Attack, Cancer, Stroke, CABG, Multiple Sclerosis, Kidney Failure, Major Organ Transplant, Paralysis, COMA, Heart Valve Replacement/Repair |
| Calculation of Modal PremiumsSemi Annual, Quarterly andMonthly Modes |
For Selling DD on traditional policies, please for multiply by the factor below:
| Annual |
1.000 |
| Semi Annual |
0.520 |
| Quarterly |
0.265 |
| Monthly |
0.090 |
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| Age |
20 – 45 Years (Whole Life Par)
20 – 55 Years (All other plans) |
| Benefits |
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 |
| Expiry Age |
55 Years (Whole Life Par)
60 Years (All other plans) |
| Minimum Face Amount |
Linked to Base and relevant rider Premiums |
| Maximum Face Amount |
Subject to underwriting |
| Calculation of Modal Premiums, Semi Annual, Quarterly andMonthly Modes |
For the following frequencies multiply by the factor given below:
| Annual |
1.000 |
| Semi Annual |
0.520 |
| Quarterly |
0.265 |
| Monthly |
0.090 |
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Select any or all of the mentioned funds
| Asset Types |
Growth Super (%) |
High Growth (%) |
Balanced (%) |
Secure (%) |
| Govt. Securities |
0 - 20 |
0 - 30 |
20 - 50 |
50 - 100 |
| Corporate Bonds (Investment Grade) |
0 – 20 |
0 – 30 |
20 - 40 |
0 - 50 |
| Money Market Instruments / Cash |
0-20 |
0 – 30 |
0 - 20 |
0 - 20 |
| Equities |
70 – 100 |
70 – 100 |
10 – 40 |
NIL |
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| Dynamic Fund Allocation |
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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 |
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