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Because we understand your needs better.
Max New York Life’s – Life Gain™ Plus 25 is a limited pay endowment plan to meet your financial goals to ensure your complete peace of mind. You can enjoy the full benefits of an endowment plan with life insurance that requires you to pay premiums only over a very limited period, while you get cover for the entire tenure! Also, your money grows quickly, resulting in a substantial lump sum on maturity.
In case of unfortunate death, this plan also provides sum assured plus additional insurance coverage purchased from bonuses for first 5 years and then doubles the same afterwards.
You can also customize your policy to meet your specific needs. We offer you the flexibility to enhance the value of your policy by using various rider options available. In addition, you are also eligible for bonuses and terminal illness benefits, where you can use 50% of your sum assured at the time of your treatment and the balance of the sum assured will be payable to your family on the occurrence of the insured event.
This policy helps you save for any specific need that you foresee 25 years down the line.
- Guaranteed Financial Protection
- Choice of premium payment term
- Tax benefits on premiums and maturity proceeds
- Additional protection through riders
- Bonus is declared every year from 3rd policy year onwards
Eligibility Criteria
| Criteria |
Eligibility |
| Entry age |
18 years to 50 years |
| Maturity age |
75 years |
| Premium Payment Term |
6 / 10 / 15 years |
| Minimum Sum Assured |
Rs. 50,000 |
| Maximum Sum Assured |
No limits, subject to underwriting |
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| Living Benefit |
- Sum Assured plus accrued bonus plus Guaranteed Additions @ 10% of Sum Assured.
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| Death Benefit |
- In the first five years - Sum Assured plus additional insurance coverage purchased from bonuses.
- After five years - Double the Sum Assured plus additional insurance coverage purchased from bonuses.
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| Bonus Option |
- Paid in Cash
- Premium Offsett
- Paid up Additions
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- Dread Disease (DD) Rider: It pays a lump-sum in case you contract any of the ten diseases that are covered e.g. Heart Attack, Cancer, etc.
- Personal Accident Benefit (PAB) Rider: It pays an additional insurance coverage in case of death or disability caused by an accident.
- Term / Term R&C Riders: It offers an additional Sum Assured to match your changing needs. The R&C also allows you the freedom to buy a fresh insurance plan later in your life.
- Waiver of Premium (WOP) / Payor Riders: Waives your future premiums in case , you suffer total disability. The payor rider waives future premiums on your child's policy in case , you suffer total disability.
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| Non-Forfeiture Options |
In case you are unable to pay your premiums, your policy will lapse and we will utilize your cash value to buy you insurance coverage in one of the following ways:
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Reduced Paid Up: A lower Sum Assured for the remaining term of your policy
- Extended Term Insurance: The same Sum Assured is for part of the remaining term of your policy
In case , you do not want either of the above then you can opt to take the cash value by cheque. |
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