Axis Bank

MAX NEW YORK LIFE INSURANCE

Max New York Life Platinum Protect

A Term Plan
Success and wealth always are essential seconds to the well-being of our loved ones. When you have never opted for anything but the best for all your decisions, then how can the security of their happiness and well-being be completely different. Max New York Life Platinum Protect TM, is designed especially keeping in mind requirements. A comprehensive solution that fulfills all your protection needs for you & your family.

Features & Benefits

Cost-Effective Term Plan - One of the most competitive rates for life cover in the industry. In case of death, your family will get the sum assured to take care of their needs. Low Premium Rates for leading a healthy lifestyle - Low premium rates for non-smokers/preferred non-smokers. Comprehensive Cover - Ensure you are ready for any eventuality by opting for the Dread Disease and/or Personal Accident Benefit Riders. Medical Report - Comprehensive medical report at the time of policy issuance.

Plan at a glance
Parameters Max new York life platinum protect Minimum/Maximum Age at Entry (Age at last 18 to 60 years Birthday) Minimum: 50,00,000 in multiples of 5 lac only Sum Assured (For Preferred Life) Maximum: No Limit Regular Premium Premium Payment Option 10, 15, 20, 25 or 30 years Policy Term Maximum Cover Ceasing Age 75 years Premium Rate is Guaranteed for the Policy Yes Term

Axis Bank
Max New York Life Shiksha Plus II (UIN: 104L062V01)
A Child Plan for Education Plus Talent
In this day and age of ever evolving needs, the fastest growing and ever-changing needs are that of children itself. While in the yesteryears, it was all about focusing on education and ensuring the children get into the best of schools and opportunities for their education, now it doesn't stop just there. The needs of the parents and children alike from the child's lives go much beyond just education.

Features & Benefits

University Education Pool: On the policy maturity date, the Fund Value is paid out to take care of higher education expenses for your child. Dynamic Fund Allocation: This investment strategy endeavors to safeguard your fund from capital erosion, as the policy progresses and nears maturity and enable you to plan your investment basis your life stage. Systematic Transfer Plan: A feature intending to provide you the benefit through market volatility as the average entry price in the Growth Super Fund will be the average of all investment done on the Growth Super Fund over the Policy Year. Every month 1/12 of the initial units purchased shall automatically switch from Secure Plus Fund to Growth Super Fund to make the most of the market volatility. Riders: Option to include Dread Disease Rider (UIN:104C010V02) and Personal Accident Benefit Rider (UIN:104C007V02) Talent Enhancement Withdrawal: If you feel your child has some special talent which need further nurturing, you can withdraw specified amount as partial withdrawal from your Fund Value for aiding University Education Support: In case of death, all future premiums are funded by the Company. School Fee Support: In case of death, 10% of the Sum Assured is paid out immediately on death and thereafter 10% of the sum assured will be paid at each policy year anniversary to provide for school expenses subject to maximum of 100% of the sum assured but not beyond the original term of the policy

Plan at a glance

Parameters
Eligibility

Max New York Life Shiksha Plus II

Life insured should have a child (which may include legally adopted child) between age 0 to 18 years, to propose for this plan

Minimum/ Maximum Age of Life Assured at Regular pay: 21 years to 50 years Limited Pay: 21 years to 55 years Entry (Last Birthday) Also, you must have a child.

Axis Bank
Policy Term Maximum Age of Life Assured at Maturity Premium Payment Term Minimum Annual Premium 5 pay - 10 years term or 15 to 20 years, pick a term, Regular Pay 65 years (For both Regular and Limited Pay option) Regular pick a term from 15 to 20 years or 5 pay for 10 year term Regular Pay Annual Mode: Rs. 24,000 Non-annual mode: Rs. 30,000 Limited Pay All modes minimum Premium is Rs. 50,000 Annual Premium X Cover Multiple Cover multiple: 20 (fixed)

Sum Assured

Max New York Life College Plan (UIN: 104N065V01)

Child Plan A Traditional Participating, Money-Back Life Insurance Plan
College education is the most critical juncture of child's life. It's the first time that child moves out from the sheltered school life into the real world. It is very important that this college education experience is the very best for child as it will be the defining phase that will shape his/her future. Therefore it is essential that start planning for your childs college education at the earliest, as the earlier start, the better it will be towards meeting the needs of your child's higher education. The best time to start planning is during the age group of 0-8 years as it gives you the maximum time period to be able to build a sizeable corpus till your child reaches college-going age i.e. 18 years.

Key Benefits & Features

Fund your child's college education:To help fund your child's college education, there will be guaranteed payouts from age 18-age 21 of your child. A total of 120% of sum assured. Protect your child's college fund against any eventuality: In Max New York Life College Plan, a Money Back Life Insurance Plan, the policy continuance is assured in case of Payor* meeting with death or Total and Permanent disability through the Payor rider. This guarantees your child?s college fund and helps protect it against all emergencies. *Payor means a person/ policyholder who has purchased a policy on the life of juvenile below the age of 18 years Save extra during your child's schooling days to fund higher education: The plan comes with a limited premium payment term up to childs age 18, so you pay premiums only till he/she turns 18 and get guaranteed payouts for their college education from age 18-21.

Axis Bank

Boost your child's college education fund through compounding effect of bonuses: From the 2nd year of policy, your child's college education fund will get a further boost with bonus amounts added each year into the policy corpus which in turn gets compounded every year.

Plan at a Glance
Max New York Life College Plan Parameters Minimum/Maximum Entry Age of Life Assured 91 Days to 8 Years (Last Birthday) Life Insured Child On child attaining the age of 18 the policy shall be vested to the child only Rs. 2,00,000 Minimum Sum Assured No limit subject to underwriting Compound Reversionary Bonus: will be declared every year from end of year 2 onwards and once declared, is guaranteed for the life of the contract. The reversionary bonus in any year is a percentage of the base sum assured of the policy and previously declared cumulative reversionary bonus in previous years. Terminal Bonus: may be declared by the company after the 10th policy anniversary as a percentage of reversionary bonus, payable once during the lifetime, Guaranteed Policy continuance in case of Max New York Life College Plan comes with a Payor rider which ensures that the policy continues even in case Payor's death or disability of Payor meeting with Death or, Total and Permanent disability Before attained age 7: Total premiums paid (with interest Death Benefit @3.5% p.a. compounded annually) + accrued (if any) reversionary bonus Attained Age 7 & onwards: Sum Assured + Accrued reversionary bonus + Terminal bonus (if any) Guaranteed cash backs every year from child's age 18 to Maturity Benefit 21. Child's Age Money Back (% of S.A.) 18 40% 19 20% 20 20% 21 40% + Accrued reversionary bonus + Terminal bonus (if any) Total Guaranteed Money Back / Payout = 120% of Sum Assured Maximum Sum Assured Bonus