A unit linked insurance plan that enables you to manage your investments and fulfill your life’s needs.

Life gives you a lot of choices-especially when you’re looking for ways to protect your family, build the business you aim to own and the life style you hope to establish. But things may change along the way and you may have to adjust to the changes which life brings to you and this adaptability should also be available with your life insurance plan. Our Unit linked Life Insurance plan can be the financial cornerstone for your objectives. Life Maker^TM Premium Investment Plan provides you a solution to fulfill all your dreams, whether you’re buying a home, starting a family, launching a business venture. Max New York Life Insurance provides you a powerful investment-cum-insurance plan that empowers you to manage your investments through your insurance policy. In this unit linked plan, you can direct your investments in our customized unit linked funds, which offer investments of different types: Fixed Income (e.g. Govt. Securities, Company Debentures) and Equities (i.e. shares). Hence it is a one-stop option to fulfill all your plans without the hassle of managing multiple products.

  Death

Level Insurance Cover - In the unfortunate event of your death anytime during the tenor of the plan, we will pay to your nominee(s) the higher of the Sum Assured or the Fund Value in the policy.

  Disability

Personal Accident Benefit (PAB) Rider – This rider provides a lump-sum amount if you die by accident or are involved in an accident, which results in Total and Permanent Disability.

  Disease

Dread Disease (DD) Rider – This rider provides a lump-sum amount on you being diagnosed with any of the ten dread diseases covered or your undergoing the surgery covered.

Please note that the rider Sum Assured cannot exceed the Sum Assured of the base plan and the rider Sum Assured is subject to limits.

  Maturity Benefit

On maturity, we will pay you the Fund Value. However, if you do not want the proceeds on maturity (due to adverse market movements or to take advantage of a bull run etc.), you may choose to defer it up to 5 year by opting for the Settlement option.

  Loyalty Units

We will allocate free units (called Persistency Units) to your unit account on the 9th policy anniversary and on every 3rd anniversary thereafter. These will be equal to 0.75% of your fund values on the immediately preceding 36 monthiversaries.

  Partial Withdrawal-Withdraw up to 20% of your Fund value as on previous policy anniversary, to take care of any irregular expenses. Partial Withdrawals are allowed once Policy completes 3 Years.

  Surrenders- Incase of unforeseen needs ensures easy liquidity to you by accessing your fund through surrender benefit. However, full surrender is possible only after the completion of three policy years.