Because our dreams are worth platinum..
This journey of life is full of wonderful dreams and all the dreams are worth fulfilling. Max New York Life makes tedious efforts to have fruitful results in the form of protection, high-return investment, and financial liquidity for you. With the
Life Maker™ Platinum - a Unit Linked Investment Plan, you can meet all your financial needs, without the tedium of managing multiple products. In this plan, you can direct your investments in the customized unit linked funds such as equities, money market instruments, investment grade corporate bonds, and government securities. These funds offer a wide range of returns basis market returns. You can also choose to invest your premiums in one or more of these funds, basis your risk taking ability.
In addition to free loyalty units and tax benefits on premiums and maturity value, you can also avail Persistency Units benefit on paying regular premiums, which will allocate Persistency Units to your unit account on payment of last premium of your policy. Life Maker™ Platinum Plan also provides you insurance cover, in which, your nominee will get the Sum Assured plus the Fund Value to your nominee(s), in case of unfortunate event of your death. Our Plan also offers you the flexible investment feature, where you can choose one out of four attractive funds options and also change your risk return profile of your existing investments by switching across funds with our high customization feature.
The plan provides you an additional protection against disability and disease through riders. The following riders are available:
- Personal Accident Benefit (PAB) Rider: This rider provides a lump-sum amount if you die in an accident or are involved in an accident, which results in Total and Permanent Disability.
- Dread Disease (DD) Rider: This rider provides a lump-sum amount on you being diagnosed with any of the ten dreaded diseases covered or your undergoing the surgery covered.
You have the flexibility to direct your investments in any one or more of the following five unit linked investment funds of the Company: SECURE, CONSERVATIVE, BALANCED, GROWTH and GROWTH SUPER. These funds invest in Fixed Income and equity assets as follows :
| Select any one or all of the mentioned funds |
| Fund |
Secure Fund |
Conservative Fund |
Balanced Fund |
Growth Fund |
| Investment Type |
| Government Securities |
50-100% |
50 - 80% |
20 - 50% |
0 - 30% |
| Corporate Bonds |
0-50% |
0 - 50% |
20 - 40% |
0 - 30% |
| Money Market Instruments / Cash |
0-20% |
0 - 20% |
0 - 20% |
0 - 20% |
| Equities |
NIL |
0 - 15% |
10 - 40% |
20 - 70% |
| |
Flexibilities |
Switching: We provide you with the facility to change the investment pattern by moving from one fund to any other fund(s) amongst the funds offered under this contract. Every policy year, we offer you six free switches.
Premium Re-Direction: This is the facility that allows you to modify the allocation of premiums into an investment pattern that is different from the existing pattern. Every policy year, we offer you three free redirections.
Partial Withdrawal: If you wish to withdraw a part of your fund, you can make partial withdrawals up to 50% of surrender value in any policy year by cancellation of units from your unit account. Partial withdrawals are allowed only after three policy years.
Surrenders: In case of unforeseen needs ensures easy liquidity to you by accessing your fund through surrender benefit. However, surrender value is payable only after three policy years.
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