npavan78
27-11-2008, 07:14 AM
This journey of life is full of wonderful dreams and all the dreams are worth fulfilling. Max New York Life makes tedious efforts to have fruitful results in the form of protection, high-return investment, and financial liquidity for you. With the Life Maker™ Platinum - a Unit Linked Investment Plan, you can meet all your financial needs, without the tedium of managing multiple products. In this plan, you can direct your investments in the customized unit linked funds such as equities, money market instruments, investment grade corporate bonds, and government securities. These funds offer a wide range of returns basis market returns. You can also choose to invest your premiums in one or more of these funds, basis your risk taking ability.
In addition to free loyalty units and tax benefits on premiums and maturity value, you can also avail Persistency Units benefit on paying regular premiums, which will allocate Persistency Units to your unit account on payment of last premium of your policy. Life Maker™ Platinum Plan also provides you insurance cover, in which, your nominee will get the Sum Assured plus the Fund Value to your nominee(s), in case of unfortunate event of your death. Our Plan also offers you the flexible investment feature, where you can choose one out of four attractive funds options and also change your risk return profile of your existing investments by switching across funds with our high customization feature.
Choice of attractive investment funds
Flexibility to manage investments through switching and redirection
Additional protection against disease and disability through riders
Flexibility to invest a lump sum amount through top ups
Free Loyalty Units
Tax benefit on premiums and maturity value
Eligibility Criteria
Criteria Eligibility
Entry Age (age as at last birthday) Any age between 12 years to 60 years
Policy term (in whole years) 10 years to 58 years
Maximum Maturity Age 70 years on last birthday
Minimum Sum Assured Rs. 50,000
Minimum Annual Target Premium Rs. 10,000 per annum
Maturity Benefit
At maturity value , we will pay you the fund value.
In addition to this :
This plan also offers you the Settlement Option on maturity where your policy will continue for a time period not exceeding five years but the insurance cover will terminate on maturity
Persistency Units - on paying regular premiums, we will allocate Persistency Units to your unit account on payment of last premium of your policy.
Death Benefit
Sum of fund value and sum assured of the policy on death
Dread Disease Rider Personal Accident Benefit Rider
Age 20 – 50 Years (depending upon Term)
Benefits Incase Insured is diagnosed with any of the below mentioned diseases, an additional benefit will be paid to the insured.
Tenors Available: Pick-a-Term: Minimum 10 Years
Maximum 40 Years
Expiry Age 60 Years
Minimum Face Amount Rs 1 lac
Maximum Face Amount The lower of base face amount or Rs. 10 Lacs
Benefit Features Gives an additional benefit upon diagnosis of any of the 10 diseases – Heart Attack, Cancer, Stroke, CABG, Multiple Sclerosis, Kidney Failure, Major Organ Transplant, Paralysis, Coma, Heart Valve Replacement/Repair
Calculation of Modal Premiums for Annual, Semi Annual, Quarterly, Monthly Modes For each frequency, multiply by the appropriate factor:
Annual 1.000
Semi Annual 0.500
Quarterly 0.250
Monthly 0.083
Age 20 – 55 Years
Benefits The Personal Accident Benefit is a low cost additional benefit that is paid incase the insured’s death or total and permanent disability is caused by an accident.
Total and Permanent Disability means accidental injuries which, within 180 days from the happening of such accident and independently of all other causes, results in:
irrecoverable loss of entire sight in both eyes; or
amputation or loss of use, of both hands at or above the wrist; or
amputation or loss of use, of both feet at or above the ankles; or
amputation or loss of use, of one hand at or above the wrist and one foot at or above the ankle, such that the life insured becomes incapable of engaging in any gainful activity or carrying out any work, occupation, or profession to earn or obtain any wages, compensation, remuneration or profit.
Expiry Age 60 Years
Minimum Face Amount Rs 1 lac
Maximum Face Amount The lower of base face amount or Rs. 40 Lacs
Benefit Features Includes benefit incase of accidental death or permanent and total disability
Calculation of Modal Premiums for Annual, Semi Annual, Quarterly, Monthly Modes For traditional policies, multiply by the appropriate factor:
Annual 1.000
Semi Annual 0.500
Quarterly 0.250
Monthly 0.083
Age 20 – 45 Years (Whole Life Par)
20 – 55 Years (All other plans)
Benefits The waiver of premium protects the life insured from the burden of paying the premiums on his insurance in case he/she gets totally disabled. “Total Disability” or “Totally Disabled” refers to the life insured becoming permanently and totally disabled as a result of injury or sickness and is thereby totally incapable of engaging in any gainful activity or carry out any work, occupation, or profession to earn or obtain any wages, compensation, remuneration or profit
Expiry Age 55 Years (Whole Life Par)
60 Years (All other plans)
Minimum Face Amount Linked to Base and relevant rider Premiums
Maximum Face Amount Subject to underwriting
Calculation of Modal Premiums, Semi Annual, Quarterly, Monthly Modes For the following frequencies multiply by the factor given below:
Annual 1.000
Semi Annual 0.500
Quarterly 0.250
Monthly 0.083
You have the flexibility to direct your investments in any one or more of the following five unit linked investment funds of the Company: SECURE, CONSERVATIVE, BALANCED, GROWTH and GROWTH SUPER. These funds invest in Fixed Income and equity assets as follows : Select any one or all of the mentioned funds
Fund Secure Fund Conservative Fund Balanced Fund Growth Fund
Investment Type
Government Securities 50-100% 50 - 80% 20 - 50% 0 - 30%
Corporate Bonds 0-50% 0 - 50% 20 - 40% 0 - 30%
Money Market Instruments / Cash 0-20% 0 - 20% 0 - 20% 0 - 20%
Equities NIL 0 - 15% 10 - 40% 20 - 70%
Flexibilities
Switching: We provide you with the facility to change the investment pattern by moving from one fund to any other fund(s) amongst the funds offered under this contract. Every policy year, we offer you six free switches.
Premium Re-Direction: This is the facility that allows you to modify the allocation of premiums into an investment pattern that is different from the existing pattern. Every policy year, we offer you three free redirections.
Partial Withdrawal: If you wish to withdraw a part of your fund, you can make partial withdrawals up to 50% of surrender value in any policy year by cancellation of units from your unit account. Partial withdrawals are allowed only after three policy years.
Surrenders: In case of unforeseen needs ensures easy liquidity to you by accessing your fund through surrender benefit. However, surrender value is payable only after three policy years.
LOGIN AS...
Agent Advisor Group Insurance Customer
Tax Center
Knowledge Center
Premium Payment Options
Fund Performance
Call Customer Service
1800-180-5577 or 0124-2542001
SMS “Life” to 54242
Office Network
Send Me an Agent
Please wait. Updating...
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In addition to free loyalty units and tax benefits on premiums and maturity value, you can also avail Persistency Units benefit on paying regular premiums, which will allocate Persistency Units to your unit account on payment of last premium of your policy. Life Maker™ Platinum Plan also provides you insurance cover, in which, your nominee will get the Sum Assured plus the Fund Value to your nominee(s), in case of unfortunate event of your death. Our Plan also offers you the flexible investment feature, where you can choose one out of four attractive funds options and also change your risk return profile of your existing investments by switching across funds with our high customization feature.
Choice of attractive investment funds
Flexibility to manage investments through switching and redirection
Additional protection against disease and disability through riders
Flexibility to invest a lump sum amount through top ups
Free Loyalty Units
Tax benefit on premiums and maturity value
Eligibility Criteria
Criteria Eligibility
Entry Age (age as at last birthday) Any age between 12 years to 60 years
Policy term (in whole years) 10 years to 58 years
Maximum Maturity Age 70 years on last birthday
Minimum Sum Assured Rs. 50,000
Minimum Annual Target Premium Rs. 10,000 per annum
Maturity Benefit
At maturity value , we will pay you the fund value.
In addition to this :
This plan also offers you the Settlement Option on maturity where your policy will continue for a time period not exceeding five years but the insurance cover will terminate on maturity
Persistency Units - on paying regular premiums, we will allocate Persistency Units to your unit account on payment of last premium of your policy.
Death Benefit
Sum of fund value and sum assured of the policy on death
Dread Disease Rider Personal Accident Benefit Rider
Age 20 – 50 Years (depending upon Term)
Benefits Incase Insured is diagnosed with any of the below mentioned diseases, an additional benefit will be paid to the insured.
Tenors Available: Pick-a-Term: Minimum 10 Years
Maximum 40 Years
Expiry Age 60 Years
Minimum Face Amount Rs 1 lac
Maximum Face Amount The lower of base face amount or Rs. 10 Lacs
Benefit Features Gives an additional benefit upon diagnosis of any of the 10 diseases – Heart Attack, Cancer, Stroke, CABG, Multiple Sclerosis, Kidney Failure, Major Organ Transplant, Paralysis, Coma, Heart Valve Replacement/Repair
Calculation of Modal Premiums for Annual, Semi Annual, Quarterly, Monthly Modes For each frequency, multiply by the appropriate factor:
Annual 1.000
Semi Annual 0.500
Quarterly 0.250
Monthly 0.083
Age 20 – 55 Years
Benefits The Personal Accident Benefit is a low cost additional benefit that is paid incase the insured’s death or total and permanent disability is caused by an accident.
Total and Permanent Disability means accidental injuries which, within 180 days from the happening of such accident and independently of all other causes, results in:
irrecoverable loss of entire sight in both eyes; or
amputation or loss of use, of both hands at or above the wrist; or
amputation or loss of use, of both feet at or above the ankles; or
amputation or loss of use, of one hand at or above the wrist and one foot at or above the ankle, such that the life insured becomes incapable of engaging in any gainful activity or carrying out any work, occupation, or profession to earn or obtain any wages, compensation, remuneration or profit.
Expiry Age 60 Years
Minimum Face Amount Rs 1 lac
Maximum Face Amount The lower of base face amount or Rs. 40 Lacs
Benefit Features Includes benefit incase of accidental death or permanent and total disability
Calculation of Modal Premiums for Annual, Semi Annual, Quarterly, Monthly Modes For traditional policies, multiply by the appropriate factor:
Annual 1.000
Semi Annual 0.500
Quarterly 0.250
Monthly 0.083
Age 20 – 45 Years (Whole Life Par)
20 – 55 Years (All other plans)
Benefits The waiver of premium protects the life insured from the burden of paying the premiums on his insurance in case he/she gets totally disabled. “Total Disability” or “Totally Disabled” refers to the life insured becoming permanently and totally disabled as a result of injury or sickness and is thereby totally incapable of engaging in any gainful activity or carry out any work, occupation, or profession to earn or obtain any wages, compensation, remuneration or profit
Expiry Age 55 Years (Whole Life Par)
60 Years (All other plans)
Minimum Face Amount Linked to Base and relevant rider Premiums
Maximum Face Amount Subject to underwriting
Calculation of Modal Premiums, Semi Annual, Quarterly, Monthly Modes For the following frequencies multiply by the factor given below:
Annual 1.000
Semi Annual 0.500
Quarterly 0.250
Monthly 0.083
You have the flexibility to direct your investments in any one or more of the following five unit linked investment funds of the Company: SECURE, CONSERVATIVE, BALANCED, GROWTH and GROWTH SUPER. These funds invest in Fixed Income and equity assets as follows : Select any one or all of the mentioned funds
Fund Secure Fund Conservative Fund Balanced Fund Growth Fund
Investment Type
Government Securities 50-100% 50 - 80% 20 - 50% 0 - 30%
Corporate Bonds 0-50% 0 - 50% 20 - 40% 0 - 30%
Money Market Instruments / Cash 0-20% 0 - 20% 0 - 20% 0 - 20%
Equities NIL 0 - 15% 10 - 40% 20 - 70%
Flexibilities
Switching: We provide you with the facility to change the investment pattern by moving from one fund to any other fund(s) amongst the funds offered under this contract. Every policy year, we offer you six free switches.
Premium Re-Direction: This is the facility that allows you to modify the allocation of premiums into an investment pattern that is different from the existing pattern. Every policy year, we offer you three free redirections.
Partial Withdrawal: If you wish to withdraw a part of your fund, you can make partial withdrawals up to 50% of surrender value in any policy year by cancellation of units from your unit account. Partial withdrawals are allowed only after three policy years.
Surrenders: In case of unforeseen needs ensures easy liquidity to you by accessing your fund through surrender benefit. However, surrender value is payable only after three policy years.
LOGIN AS...
Agent Advisor Group Insurance Customer
Tax Center
Knowledge Center
Premium Payment Options
Fund Performance
Call Customer Service
1800-180-5577 or 0124-2542001
SMS “Life” to 54242
Office Network
Send Me an Agent
Please wait. Updating...
--- Select Product --- SMART Invest Pension Capital Builder Smart Assure Life Maker Investment Plan Life Maker Pension Life Maker Premium Group Gratuity Group Superannuation Max Amsure Secure Returns Builder Life Invest Life Maker Gold Life Maker Platinum SMART Steps
Retirement Calculator
Insurance Calculator
Future Expense Calculator
Height Predictor
BMI Calculator
Calorie Calculator