Max New York Life Insurance Easy Term Policy

Makes your life easy. All of us want to be secured in every way. No one wants to live a life, which is unsafe or insecure. Insurance plays a vital role in providing financial or physical security. Insurance offers various advantages and all the policies of Max New York Life have been designed while keeping in mind the benefits of its customers.

Max New York Life offers an excellent rural plan in the form of Easy Term Policy. Easy Term Policy is designed to provide the insured with an insurance cover during the tenor of the policy till age 60. This policy also offers a special claim concession where if the life insured dies within 6 months of the last unpaid premium, the claim will still be honoured. The benefit will be paid to his family after deducting the outstanding premium. The premiums are eligible for deduction u/s 80C every year.

Eligibility Criteria



CriteriaEligibility
Entry Age20 to 50 years
TermUp to Age 60
Maximum maturity age50 years
Minimum Sum assuredRs. 5,000
Maximum Sum assuredRs. 50,000
  • It provides the insured with an insurance cover during the tenor of the policy till age 60
  • On death of life insured: Sum Assured
  • A special claim concession where if the life insured dies within 6 months of the last unpaid premium, the claim will still be honored. The benefit will be paid to his family after deducting the outstanding premium.
  • Tax benefit –
    1. Your premiums are eligible for deduction u/s 80C every year.
    2. Your claim amount (from death) is eligible for tax exemption u/s 10(10D).

Download its brochure here.

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