Max New York Life Insurance SMART Xpress

Life isn’t only about golfing greens and gourmet dinners. Neither is it defined only by long hours and loads of hard work. It is a balancing act about having it all and not having to give one up for the other.

So, when you believe that life is not about compromises and have always got what you want, then why choose between what you desire from an Investment?

  • Wealth creation through an extensive variety of expertly managed funds
  • Safety of investment through Money Market Fund
  • The comfort of a Limited premium paying term
  • Reward of persistency units, even with a short policy term
  • Additional protection against disease/disability through Rider options
  • Systematic Transfer Plan option: ensures investments have a safety belt while riding the current market volatility.

Here is a plan that ushers in a shift in the way that you choose. From “OR” to “AND”, after all you expect MORE from Max New York Life.

Eligibility Criteria
CriteriaEligibility
Entry AgeMinimum: 91 days
Maximum: 55 years (Single Premium)
60 years (3 pay/5 pay)
Maturity AgeMaximum: 65 years (Single Premium)
70 years (3 pay/5 pay)
Policy TermFixed term of 10 years
Premium Payment OptionsSingle Premium
3 Pay
5 Pay
Minimum Annual Target Premium(ATP)Single Premium: 1,50,000
3 Pay: 1,00,000
5 Pay: 50,000

  • Wealth creation through an extensive variety of expertly managed funds
  • Safety of investment through Money Market Fund
  • The comfort of a Limited premium paying term
  • Reward of persistency units, even with a short policy term
  • Additional protection against disease/disability through Rider options
  • Systematic Transfer Plan option: ensures investments have a safety belt while riding the current market volatility.

You have the choice of any of the 8 expertly managed funds to direct your investments in any one or more of the following funds of the company.

FundAsset Types
Government SecuritiesCorporate Bonds (Investment Grade)Money Market and Cash InstrumentsEquity
Secure50-100%0-50%0-40%Nil
Conservative50-80%0-50%0-40%0-15%
Balanced20-50%20-40%0-40%10-40%
Growth0-30%0-30%0-40%20-70%
Growth Super0-20%0-20%0-30%70-100%
Dynamic Opportunities0-100%0-100%0-40%0-100%
*Money MarketNilNil100%Nil
**Secure Plus 60-100% 0-40% 0-40% Nil

*The declared Net Asset Value (NAV) of the Money Market Fund at any given business day is Guaranteed to be not less than the declared Net Asset Value of the previous business day. This will ensure that the investments done in this fund are secure and are protected from any capital erosion. This fund is ideal for customers having low risk appetite.

**Secure Plus Fund is applicable only with Systematic Transfer Plan

You also have Systematic Transfer Plan as an option, wherein your Annual Premium is moved to Secure Plus fund and in 12 equal monthly installments it moves to Growth Super fund.



Flexibilities

Switching:

  • Existing investment can be moved in totality or in a certain proportion to one or more funds from the current one
  • 12 free switches/policy year

Premium Redirection:

  • Modify the flow of future investments, different from the existing pattern.
  • 12 free redirections/policy year

Partial Withdrawals
Can be made anytime post completion of 3 years
3 Pay/5 Pay: –
Minimum: Rs 5,000
Maximum: Lower of 20% of Fund Value OR (Fund Value- 1.5 Initial ATP)
Single Premium: –
Minimum: Rs 5,000
Maximum: Fund Value – 20% of ATP

Download its brochure here.

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