A transformation that will radically change the way we think about insurance and the way we buy insurance. Max New York Life is a dynamic partnership between New York Life, a globally respected insurance major and Max India, a business conglomerate driven by the spirit of enterprise. Max New York Life Insurance Company is one of the joint venture companies which has got in-principle approval from IRDA to sell Life Insurance products in India.
Max India Limited
Max India Limited is a multi-business corporate, driven by the spirit of Enterprise, focused on the Knowledge, people and Service oriented businesses of Healthcare, Life Insurance and Information Technology. Max India also maintains business interests in Telecom Services, electronic components, Bulk Pharmaceuticals and Specialty Products businesses.
New York Life
NYL is a fortune 100 company with over US $ 131 billion in assets under management and over US $ 10 billion in annual revenues. NYL is ranked #3 in the Fortune global list of the most admired life and health insurance companies. NYL is the leading provider of new life insurance in the US and is also a leader in insurance sales to the growing Indian community in the US.
Term policy - It is the purest form of life insurance at the lowest cost. The policy keeps the insured person in the protection net for a specific term as decided by you (normally 5, 10, 15, 20 25, 30 Years). If the insured person passes away, his nominee would receive the insured amount ( Sum Assured, decided for the premium paid when the policy was taken). You can decide the amount (sum assured) which you want your family to receive if some unfortunate incident happens to you. In case you survive the term; you may or may not receive any maturity amount depending on the option chosen by you in the beginning. It has two options- Cover with return of Premium- If the insured person survived the term then premiums paid throughout the term for the life insurance cover are paid back as a maturity benefit. The maturity may or may not include the bonus (depending upon the plan chosen by the Insured). For example- Rs 9000 for a 10 Lac cover for 10 year Term. Cover wi...
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