npavan78
16-09-2008, 10:10 AM
Retirement can be the best phase in your life with all the time in the world to live all your dreams and do the things, which you always wanted to do but couldn't due to lack of time and your busy schedule prior to your retirement. Today, individuals have realized the need to provide for themselves during their retirement years. It's very important to invest early so that you can have the required financial backup and get the advantage of investments that grow and multiply every year, which would give you the added advantage in the future. You need a retirement plan through which you would continue to earn a satisfying income and enjoy a comfortable lifestyle post retirement.
Offering competitive returns to secure the golden years of your life, Max New York Life's SMART Invest™ Pension Plan is a comprehensive unit linked pension plan to meet your post retirement financial needs, ensuring you complete peace of mind. One-third of the corpus can be commuted at vesting age the amount commuted are eligible for tax exemption u/s 10A.
RETURNS-SMART Invest pension plan provides you competitive returns to secure the golden years of your life
PROTECTION- SMART Invest pension plan ensures that your hard earned funds are invested prudently, effectively combating Inflation, preserving your objective of a secure retirement
LIQUIDITY- SMART Invest pension plan provides you easy liquidity for unforeseen expenses
FLEXIBILITY- SMART Invest pension plan provides you flexible options for your changing needs
1. Invest more through Top-ups to match your cash flow
2. Flexibility to choose Premium Payment Option
3. Flexibility to choose Deferment Period
4. Flexible Investment funds
5. Dynamic Fund Allocation
Tax Benefit –
1. Your premiums are eligible for deduction u/s 80CCC up to Rs.150,000/- every year.
2. One-third of the corpus can be commuted at vesting age the amount commuted are eligible for tax exemption u/s 10A
Eligibility Criteria
Criteria Eligibility
Entry Age 18 - 60 years
Premium Payment Period Regular / Single
Deferment Period 10 - 52 years
Vesting Age 50 - 70 years
Minimum ATP Regular Pay - Rs. 10,000
Single Pay - Rs. 150,000
The plan provides you an additional protection against disability and disease through riders. The following riders are available
Personal Accident Benefit (PAB) Rider - this rider provides a lump-sum amount if you die in an accident or are involved in an accident, which results in Total and Permanent Disability.
Dread Disease (DD) Rider - this rider provides a huge amount on you being diagnosed with any of the ten dread diseases covered or your undergoing the surgery covered.
Select any one or all of the mentioned funds
Investment Type Secure Fund Conservative Fund Balanced fund Growth Fund Growth super Fund
Government Securities 50-100% 50 - 80% 20 - 50% 0 - 30% 0-20%
Corporate Bonds (investment grade) 0-50% 0 - 50% 20 - 40% 0 - 30% 0-20%
Money Market Instruments / Cash 0-20% 0 - 20% 0 - 20% 0 - 20% 0-20%
Equities NIL 0 - 15% 10 - 40% 10 - 70% 70-100%
Dynamic Fund Allocation
Standardized and Systematic approach of maintaining debt-equity ratio throughout the policy term
Strikes right balance between risk and return with respect to age of policy holder
Hassle Free Investment (Allocation, Switches, Redirection are taken care of)
Hedge against capital erosion in the later years Ideal feature for less savvy investors
Offering competitive returns to secure the golden years of your life, Max New York Life's SMART Invest™ Pension Plan is a comprehensive unit linked pension plan to meet your post retirement financial needs, ensuring you complete peace of mind. One-third of the corpus can be commuted at vesting age the amount commuted are eligible for tax exemption u/s 10A.
RETURNS-SMART Invest pension plan provides you competitive returns to secure the golden years of your life
PROTECTION- SMART Invest pension plan ensures that your hard earned funds are invested prudently, effectively combating Inflation, preserving your objective of a secure retirement
LIQUIDITY- SMART Invest pension plan provides you easy liquidity for unforeseen expenses
FLEXIBILITY- SMART Invest pension plan provides you flexible options for your changing needs
1. Invest more through Top-ups to match your cash flow
2. Flexibility to choose Premium Payment Option
3. Flexibility to choose Deferment Period
4. Flexible Investment funds
5. Dynamic Fund Allocation
Tax Benefit –
1. Your premiums are eligible for deduction u/s 80CCC up to Rs.150,000/- every year.
2. One-third of the corpus can be commuted at vesting age the amount commuted are eligible for tax exemption u/s 10A
Eligibility Criteria
Criteria Eligibility
Entry Age 18 - 60 years
Premium Payment Period Regular / Single
Deferment Period 10 - 52 years
Vesting Age 50 - 70 years
Minimum ATP Regular Pay - Rs. 10,000
Single Pay - Rs. 150,000
The plan provides you an additional protection against disability and disease through riders. The following riders are available
Personal Accident Benefit (PAB) Rider - this rider provides a lump-sum amount if you die in an accident or are involved in an accident, which results in Total and Permanent Disability.
Dread Disease (DD) Rider - this rider provides a huge amount on you being diagnosed with any of the ten dread diseases covered or your undergoing the surgery covered.
Select any one or all of the mentioned funds
Investment Type Secure Fund Conservative Fund Balanced fund Growth Fund Growth super Fund
Government Securities 50-100% 50 - 80% 20 - 50% 0 - 30% 0-20%
Corporate Bonds (investment grade) 0-50% 0 - 50% 20 - 40% 0 - 30% 0-20%
Money Market Instruments / Cash 0-20% 0 - 20% 0 - 20% 0 - 20% 0-20%
Equities NIL 0 - 15% 10 - 40% 10 - 70% 70-100%
Dynamic Fund Allocation
Standardized and Systematic approach of maintaining debt-equity ratio throughout the policy term
Strikes right balance between risk and return with respect to age of policy holder
Hassle Free Investment (Allocation, Switches, Redirection are taken care of)
Hedge against capital erosion in the later years Ideal feature for less savvy investors