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Life Gain™ Plus 25 Participating Plan
UIN 104N015V01
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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.
For more information on Life Gain™ Plus 25 (Par) , 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".
- 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
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Criteria |
Eligibility |
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Entry age |
18 years to 50 years |
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Maturity age |
75 years |
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Premium Payment Term |
6 / 10 / 15 years
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Minimum Sum Assured |
Rs. 50,000
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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 Rider |
Personal Accident Benefit Rider |
Term Rider |
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Waiver of Premium (WOP) |
Term R&C Rider
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Age |
20 – 50 Years (depending upon Term) |
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Benefits |
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: |
Pick-a-Term: Minimum 10 Years
Maximum 40 Years |
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Expiry Age |
60 Years |
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Minimum Face Amount |
Rs 1 lac |
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Maximum Face Amount |
The lower of base face amount or Rs. 10 Lacs
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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
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Calculation of Modal Premiums for Annual, Semi Annual, Quarterly , Monthly Modes |
For each frequency, multiply by theappropriate factor:
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Annual |
1.000 |
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Semi Annual |
0.520 |
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Quarterly |
0.265 |
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Monthly |
0.090 |
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Age |
20 – 55 Years |
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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
- 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 |
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Minimum Face Amount |
Rs 1 lac
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Maximum Face Amount |
The lower of base face amount or Rs. 40 Lacs
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Benefit Features |
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 |
For traditional policies, multiply by the appropriate factor:
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Annual |
1.000 |
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Semi Annual |
0.520 |
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Quarterly |
0.265 |
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Monthly |
0.090 |
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Age |
20 – 55 Years
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Benefits |
The term rider is a pick-a-term plan starting from 5 years term to a plan to age
60. The rider allows the insured to purchase additional coverage at low cost> the
only benefit is paid on the untimely death of the insured. |
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Expiry Age |
60 Years |
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Minimum Face Amount |
Rs 1lac |
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Maximum Face Amount |
The lower of base face amount or Rs. 5 Lacs |
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Premium per Rs ‘000 for a for a male of age for 5 years |
Rs. 2.70
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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 |
1.000 |
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Semi Annual |
0.520 |
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Quarterly |
0.265 |
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Monthly |
0.090 |
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Age |
20 – 45 Years (Whole Life Par)
20 – 55 Years (All other plans) |
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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.
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Expiry Age |
55 Years (Whole Life Par)
60 Years (All other plans) |
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Minimum Face Amount |
Linked to Base and relevant rider Premiums |
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Maximum Face Amount |
Subject to underwriting
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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 |
1.000 |
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Semi Annual |
0.520 |
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Quarterly |
0.265 |
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Monthly |
0.090 |
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Entry Age |
20 – 50 Years
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Tenor of the rider |
5 Years |
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Expiry Age |
60 Years |
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Benefits |
The benefit is paid only on the death of the Insured during the period of the cover |
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Minimum Face Amount |
Rs 250,000 |
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Maximum Face Amount |
The lower of base Face Amount or Rs. 20 lakhs |
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Renewability |
Once, automatically at the end of the first term |
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Convertibility |
Anytime in the first 10 years of the rider, to an existing insurance policy
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Calculating Modal Premiums for Annual, Semi Annual, Quarterly and Monthly Premiums
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For the following frequencies multiply by the factor given below:
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Annual |
1.000 |
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Semi Annual |
0.520 |
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Quarterly |
0.265 |
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Monthly |
0.090 |
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Age |
20 - 55 Years
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Expiry Age |
60 Years
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Benefits |
A variant of the WOP rider, this rider covers the life of the proposer of the policy.
A wonderful add-on to children products, this will ensure the policy continues even
if the proposer were to be disabled or is no longer there to pay the premiums. The
rider covers all the disability benefits under the WOP along with the Death. “Total
Disability” or Totally Disabled” refers to the proposer becoming permanently
and totally disabled as a result of injury or sickness and 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. This is ideally
suited for Children’s Endowment product issued by Max New York Life Insurance
Co. Ltd.
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Individual/Group |
Individual |
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Face Amount Range |
Linked to base and relevant rider premiums
(Subject to Underwriting)
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Premium Paying Term |
Level |
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Calculation of Modal Premiums Semi Annual, Quarterly and Monthly Modes |
Multiply by the appropriate factor:
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Annual |
1.000 |
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Semi Annual |
0.520 |
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Quarterly |
0.265 |
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Monthly |
0.090 |
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MEMBER LOGIN... |
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Presenting on-line access to your insurance policy. Enjoy a host of benefits, generate statements, view policy details, pay on-line, log a request and much more…!
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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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