Max New York Life Partner Plus Policy

Max New York Life Partner Plus Plan is a life insurance (endowment) plan that protects you for life.

Life Partner Plus Plan gives you triple benefits. It offers you maturity benefits at the age of 75, provides you a life insurance cover and fulfill the financial needs of your family. Max New York Life gives you the flexibility to raise the value of your policy by using the various rider options.

Eligibility Criteria for Max New York Life Partner Plus:

1. Entry Age – Minimum age limit is 91 days and maximum age limit is 55 years.
2. Maturity age – Maximum maturity limit is 75 years.
3. Sum Assured – Rs. 50,000 onwards.
4. Premium payment term – Option to choose policy term for 3,7,10,20 years.
5. Premium Paying Frequency – Monthly, Half Yearly, Quarterly, Yearly.

Key Benefit of Life Partner Plus Plan:

• Living Benefit – 7.5% of the Sum Assured will be payable on each policy term from age 61 to 75.
• Death Benefit – In the event of unfortunate death of insured person, amount payable will be equal to Sum Assured along with accrued bonuses.
• Tax Benefit: The premiums paid by the life insured under this plan is eligible for tax benefit under Section 80C of the Income Tax Act.