Terms And Conditions

At Max New York Life Insurance, we shall issue an insurance policy subject to the following:

• The policies shall be underwritten and issued in India.
• The policies shall be denominated in Indian Rupees.
• Policies can be issued only in Indian Rupees to NRIs / foreign nationals residing in select countries.
• In addition to the proposal form, Max New York Life reserves the right to ask for further information and documents as may be required as per the prevailing internal rules and norms.
• Submission of the proposal form along with supporting documents and subsequent receipt by us does not constitute an acceptance of risk by Max New York Life and it is our discretion to accept / reject a proposal.
• The acceptance of risk will be subject to our underwriting decision. Under exceptional cases and based on underwriting requirements, we may make some alterations in the premiumA regular payment made to the insurance company to keep the policy in force. amount communicated to you.
• The premiumA regular payment made to the insurance company to keep the policy in force. payment should be received in India and shall be remitted through authorised banking channels.
• In case of rejection of the proposal, the initial premiumA regular payment made to the insurance company to keep the policy in force. paid shall be refunded to the NRI / foreign national, as per existing guidelines and we shall not bear any foreign exchange risk in this regard.
• The tax provisions mentioned here are based on a broad understanding of the prevailing Indian tax laws and are subject to change from time to time. Please seek specific advise from a tax expert with respect to the above tax benefits applicable to you and we, at Max New York Life, do not take any responsibility in this regard.