MAX NEWYORK LIFE INSURANCE
About Max NewYork Life
Max New York Life Insurance Company Ltd. is a joint venture between New York Life; a Fortune 100 company and Max India Limited; one of India's leading multi-business corporations. New York Life Insurance Company, a Fortune 100 company founded in 1845, is the largest mutual life insurance company in the United States and one of the largest life insurers in the world.
Max New York Life offers a suite of flexible products. It now has 38 products covering both life and health insurance and 8 riders that can be customized to over 800 combinations enabling customers to choose the policy that best fits their need.
Good Plans of Max NewYork Life
Given below is synopsis of some good plans of Max NewYork Life Insurance. One of the special plans of Max New York Life Insurance is its Whole Life Plan which is operative till the age of 100 Years of the life assures. The details of the same along with other plans of the company are given below.
Whole Life Participating Plan
With an insurance cover till age 100, Whole Life Participating Plan is designed to provide you a lifetime of security. The good times that you and your family lead should last a lifetime. However one cannot avoid unpleasant surprises and misfortunes in life. The Whole Life Plan provides you with the comfort that your near and dear ones will continue to live their lives in comfort without financial worries even when you are not around.
The Whole Life Plan provides an insurance cover that is guaranteed for life. The policy also builds cash value, which you can use to fund any unforeseen needs. In addition, the policy is also eligible for bonuses. Max New York Life’s savings plans are designed to provide the customer the dual benefits of protection along with the potentially higher returns. This plan also allows you to purchase additional benefits in the form of bonuses that will be paid on maturity of the Base policy or in the unfortunate event of the death of the Life Insured. Additionally, you can also continue to invest more funds without having to provide any further evidence of insurability.
Level Term Policy
Max New York Life's Level Term (Non Participating) Policy is a plan that covers your life at a very low cost and reduces the consequent hardship your family may have to bear in the unfortunate event of your death. Incase of the unfortunate death of the policy holder during the term of the plan, an amount equal to the sum assured is paid to the nominee
Five Yr Renewable & Convertible Plan
Max New York Life's Five Year Renewable and Convertible Term Insurance (Non-Participating) plan not only provide you with a low cost insurance cover during its tenure of five years, it also helps you plan in advance for various future needs and your family's financial security, should anything unfortunate happen to you. Offering a guaranteed Death Benefit, this plan is particularly useful as a short-term protection plan. An important feature of this policy is that it allows the insured to convert the policy to a regular policy during the tenure of the policy.
A regular premium unit linked life insurance plan, Max New York Life’s SMART Steps™ Plus will help you plan for your child's higher education, marriage, and financial security. This plan offers no-compromise 360 degree protection to your children even if you are not alive and provides an unmatched investment opportunity by way of well managed investment funds. This policy also entitles you to make partial withdrawals for various unplanned expenses in the future
The latest Life Maker™ Premium Investment Plan gives you a lot of choices - especially when you are looking for Great life style, Big Home, your own well established Business and top of all - Protection for your family. Our Unit linked Life Insurance plan can be the financial cornerstone for your objectives. Max New York Life Insurance provides you a powerful investment-cum-insurance plan where 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 choose to invest your premiums in one or more of these funds, basis your risk taking ability.
Life Maker™ Gold - 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.This plan enables you to choose an attractive investment fund, enjoy free loyalty units and tax benefits on premiums and maturity value. Life Maker™ Gold 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.
Life Maker™ Platinum
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.n 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.
SMART Invest Pension (unit linked pension plan) is an unparalleled pension plan that gives you an option to let your premiums automatically increase at a fixed rate and helps you combat inflation and effectively preserve your objective of a secure retirement. Also, as we understand that the portfolio risk should reduce as you near your retirement to conserve the corpus from any unnecessary erosion and that's the reason why SMART Invest Pension offers the “Dynamic Fund Allocation” feature at no extra cost. This feature enables your money to automatically get invested basis the years left for your retirement date as chosen by you and frees you from the worry of switching your funds manually from one fund to another.
