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Max Amsure Future Builder Plan
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We nurture your children
As a responsible parent, it is your duty to ensure that your child gets the best possible financial support as and when situations arise. You need a policy, which would provide the necessary funding and the financial support for your child's specific needs and future.
Max Amsure Future Builder Policy enables you to provide for specific needs of your child such as wedding of your child and also builds cash value, which you can use for any unforeseen events by taking a loan. Upon maturity of the Policy MNYL will pay you the Sum Assured together with accrued bonuses, if any. If the Life Insured dies before the maturity of this Policy, MNYL shall pay the premiums received together with interest at the rate of four (4) percent per annum, compounded annually, together with accrued bonuses, if any.
- On death of life insured: Refund of premiums + interest (4% compounded annually) plus accrued bonus
- On Maturity: Sum Assured plus accrued bonus
Eligibility Criteria
| Criteria |
Eligibility |
| Entry Age |
91 days to 14 years |
| Max Maturity Age |
24 years |
| Premium Payment Term |
11 years to 26 years |
| Minimum Sum Assured |
Rs. 50, 000 |
| Maximum Sum Assured |
No Limit (subject to underwriting) |
| Payor Benefit |
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| Age |
20 – 45 Years (Whole Life Par)
20 – 55 Years (All other plans) |
| 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.
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| Individual/Group |
Individual |
| Expiry Age |
55 Years (Whole Life Par)
60 Years (All other plans) |
| Face Amount Range |
Linked to base and relevant rider premiums
subject to underwriting
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| Premium Payment Term |
Level |
| Calculation of Modal Premiums for Annual, Semi Annual, Quarterly and Monthly Modes |
Multiply by the appropriate factor:
| Annual |
1.000 |
| Semi Annual |
0.520 |
| Quarterly |
0.265 |
| Monthly |
0.090 |
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| 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
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| Tenors Available: |
Pick-a-Term: Minimum 10 Years
Maximum 40 Years
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| Expiry Age |
60 Years |
| Minimum Face Amount |
Rs 1,00,000/- |
| Maximum Face Amount |
The lower of base face amount or Rs. 40 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 PremiumsSemi Annual, Quarterly , Monthly Modes |
For Selling DD on traditional policies, please for multiply by the factor below:
| Annual |
1.000 |
| Semi Annual |
0.520 |
| Quarterly |
0.265 |
| Monthly |
0.090 |
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| 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, Semi Annual, Quarterly , Monthly Modes |
For the following frequencies multiply by the factor given below:
| Annual |
1.000 |
| Semi Annual |
0.520 |
| Quarterly |
0.265 |
| Monthly |
0.090 |
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1. Select any or all of the mentioned funds
| Asset Types |
Growth Super (%) |
High Growth (%) |
Balanced (%) |
Secure (%) |
| Govt. Securities |
0 - 20 |
0 - 30 |
20 - 50 |
50 - 100 |
| Corporate Bonds (Investment Grade) |
0 – 20 |
0 – 30 |
20 - 40 |
0 - 50 |
| Money Market Instruments / Cash |
0-20% |
0 – 30 |
0 - 20 |
0 - 20 |
| Equities |
70 – 100 |
70 – 100 |
10 – 40 |
NIL |
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| 2. Dynamic Fund Allocation |
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Standardized and Systematic approach of maintaining debt-equity ratio throughout the policy term
Strikes right balance between risk and return with respect to age of policy holder
Hassle Free Investment (Allocation, Switches, Redirection are taken care of)
Hedge against capital erosion in the later years
Ideal feature for less savvy investors |
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Please wait. Updating...
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