In the exciting journey of life, there will be uncertainties, and there will be various occasions when you have to play or assume added responsibilities being the head of the family. The much-anticipated arrival of a new member in the family, the purchase of your dream house, the wonderful event of your marriage, your children’s higher education or their marriage may all be described as planned life events, but they bring their own share of uncertainties. It is important to be financially secured and prepared to meet these uncertainties and make your family feel fully protected, should something unfortunate happen to you.
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.
|Age at Entry||18 years to 55 years|
|Maximum Age at Maturity||60 Years|
|Term||5,10,15,20 or 25 years or to Age 60 Years|
|Sum Assured||Rs. 2,50,000 to Rs. 5 Crore|
|Premium Payment Options||Annual, Semi-annual, Quarterly, Monthly, Single|
|On death of life insured: In case of the unfortunate death of the life insured during the term of the plan, an amount equal to the Sum assured is paid to the beneficiary.|
|You are entitled to the following tax benefits under Income Tax Act 1961:|
In the exciting journey of your life, there will be uncertainties. Additionally there may be times and occasions when you have to assume additional responsibilities as the head of the family. Max New York Life’s Level Term (Non Participating) Policy insures your life at a very low cost and reduces any hardship your family may have to bear in the unfortunate event of your death.
Download its brochure here.