Parenthood is wonderful. However, this is a phase in life when you are expected to fulfill various responsibilities, which grows as your child gets older. It’s important that you plan in advance to meet your child’s future needs and be financially prepared. It’s important that you plan in advance to meet your child’s future needs and be financially prepared.

Max New York Life’s Children's Endowment Participating Insurance to age 24 provides an option to buy a permanent life insurance policy without medical underwriting (irrespective of his/her health at that time). This policy enables you to provide for various events in your child’s life such as a grand wedding of your child. This excellent plan is a participating plan, which is also eligible for bonuses and Max New York Life may declare these bonuses from time to time and from the third policy year. An important feature of this plan is that the entire sum assured is paid out on maturity and the plan automatically vests when the child turns 18.

• On death of life insured:  Refund of premiums plus interest.
• On Maturity:  Sum Assured.
• On Surrender of Policy:  Surrender value.
• Bonus: From 3rd policy year, we will declare bonuses every year
• Tax Benefit

• Payer Benefit: Waives your future premiums in case you suffer total disability or meet with an untimely death. This ensures that your child will still get the lump sum money on attaining age 24.