|
|
 |
|
|
 |
Life Partner Plus Plan™
UIN 104N029V01
|
|
|
|
|
|
|
Text Size |
  |
|
|
|
In your journey through life, you will need to take care of changing needs like
asset creation, investing for retirement, children’s education and marriage
and so on. At Max New York Life, we understand your desire to take care of these
needs and yet simplify your financial planning and investment. That is why we have
introduced Max New York Life’s Life Partner Plus™ Plan (Limited
Pay Endowment to Age 75), a life insurance plan that offers you protection for life,
cash bonuses, and multiple options to utilize these cash bonuses to meet all your
individual requirements.
This plan offers you triple benefits. It gives you maturity benefits at the age
of 75, provides you a life coverage insurance and fulfill the financial needs of
your family members, incase of your untimely death and offers you money back feature
as well, where we will pay you a part of the sum assured at regular intervals to
take care of your periodic foreseen needs. 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 the various rider options available.
For more information on Life Partner PlusTM ,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
- Guaranteed money backs for 15 years
- Limited Premium payment term
- Tax benefits on premiums and maturity proceeds
- Additional protection through riders
- Bonus declared every year from 3rd policy year onwards
Eligibility Criteria
|
Criteria |
Eligibility |
|
Entry age |
91 days to 55 years
20 year to 55 years (for all riders except Term Renewable and Convertible rider
where the maximum entry age is 50) |
|
Maturity age |
75 years |
|
Sum Assured |
Rs. 50,000 onwards |
|
Premium payment term |
3,7,10,20 years |
|
|
|
Living Benefit |
- Money backs @ 7.5% of the Initial Sum Assured will be paid on each policy anniversary
from age 61 to 75.
- Sum Assured with Sum Assured of Paid Up Additions, if any on maturity
|
|
Death Benefit |
- On death of life insured , we will pay an amount equal to Sum Assured plus accrued
bonuses (if any)
- If death occurs before life insured reaches age 10 the company will refund all the
premiums paid along with interest
|
|
Bonus Options |
- Paid in Cash
- Premium Offsett
- Paid up Additions
|
|
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:
- 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
|
|
|
|
Dread Disease Rider |
Personal Accident Benefit Rider |
Term Rider |
|
Waiver of Premium (WOP) |
Term R&C Rider
|
Payor Rider |
|
|
 |
|
Age |
20 – 50 Years (depending upon Term) |
|
Benefits |
Incase Insured is diagnosed with any of the below mentioned diseases, an additional
benefit will be paid to the insured. |
|
Tenors Available: |
Pick-a-Term: Minimum 10 Years
Maximum 40 Years |
|
Expiry Age |
60 Years |
|
Minimum Face Amount |
Rs 1 lac |
|
Maximum Face Amount |
The lower of base face amount or Rs. 10 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 Premiums for Annual, Semi Annual, Quarterly , Monthly Modes |
For each frequency, multiply by theappropriate factor:
|
Annual |
1.000 |
|
Semi Annual |
0.520 |
|
Quarterly |
0.265 |
|
Monthly |
0.090 |
|
|
|
|
|
|
|
|
|
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
- 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.
|
|
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 for Annual, Semi Annual, Quarterly , Monthly Modes |
For traditional policies, multiply by the appropriate factor:
|
Annual |
1.000 |
|
Semi Annual |
0.520 |
|
Quarterly |
0.265 |
|
Monthly |
0.090 |
|
|
|
|
|
|
|
|
|
Age |
20 – 55 Years
|
|
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. |
|
Expiry Age |
60 Years |
|
Minimum Face Amount |
Rs 1lac |
|
Maximum Face Amount |
The lower of base face amount or Rs. 5 Lacs |
|
Premium per Rs ‘000 for a for a male of age for 5 years |
Rs. 2.70
|
|
Calculation of Modal Premiums for Annual, Semi Annual, Quarterly , Monthly Modes
|
For each frequency, multiply by the appropriate factor:
|
Annual |
1.000 |
|
Semi Annual |
0.520 |
|
Quarterly |
0.265 |
|
Monthly |
0.090 |
|
|
|
|
|
|
|
|
|
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 for Annual, Semi Annual, Quarterly , Monthly Modes
|
For each frequency, multiply by the appropriate factor:
|
Annual |
1.000 |
|
Semi Annual |
0.520 |
|
Quarterly |
0.265 |
|
Monthly |
0.090 |
|
|
|
|
|
|
|
|
|
Entry Age |
20 – 50 Years
|
|
Tenor of the rider |
5 Years |
|
Expiry Age |
60 Years |
|
Benefits |
The benefit is paid only on the death of the Insured during the period of the cover |
|
Minimum Face Amount |
Rs 250,000 |
|
Maximum Face Amount |
The lower of base Face Amount or Rs. 20 lakhs |
|
Renewability |
Once, automatically at the end of the first term |
|
Convertibility |
Anytime in the first 10 years of the rider, to an existing insurance policy
|
|
Calculating Modal Premiums for Annual, Semi Annual, Quarterly and Monthly Premiums
|
For the following frequencies multiply by the factor given below:
|
Annual |
1.000 |
|
Semi Annual |
0.520 |
|
Quarterly |
0.265 |
|
Monthly |
0.090 |
|
|
|
|
|
|
|
|
|
Age |
20 - 55 Years
|
|
Expiry Age |
60 Years
|
|
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.
|
|
Individual/Group |
Individual |
|
Face Amount Range |
Linked to base and relevant rider premiums
(Subject to Underwriting).
|
|
Premium Paying Term |
Level |
|
Calculation of Modal Premiums Semi Annual, Quarterly and Monthly Modes |
Multiply by the appropriate factor:
|
Annual |
1.000 |
|
Semi Annual |
0.520 |
|
Quarterly |
0.265 |
|
Monthly |
0.090 |
|
|
|
|
|
|
|
|
|
 |
 |
MEMBER LOGIN... |
 |
|
 |
 |
|
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…!
|
 |
 |
|
Login to your agent portal to generate statements, view policy details, product news, policy servicing and much more…!
|
|
|
|
|
|
 |
|
|
|
|
|
|
|
|
|
|
|
|
Please wait. Updating...
|
|
|
|
|
Net Asset Value on Date |
|
 Balance Fund - |
|
|
Conservative Fund - |
|
|
Growth Fund - |
|
|
Secure Fund - |
|
|
Growth Super Fund - |
|
|
High Growth Fund - |
|
|
Growth Super Fund Pension - |
|
|
Guaranteed Dynamic Fund - |
|
|
Guaranteed Income Fund - |
|
|
Dynamic Opportunities Fund - |
|
|
Money Market Fund - |
|
|
Secure Plus Fund - |
|
|
|
|
|
|
 |
|