Max New York Life Pay Money Back

Recommendations :No

Name of the policy :
Max New York Life Pay Money Back

A brief desciption :

Max Life Pay Money Back (Par) Plan is a simple Money Back Plan. This is a Traditional Plan with Bonus Facility. In this plan, Premium needs to be paid for the entire Policy Tenure as selected at the policy inception. This policy provides for a Money Back facility at the end of every 4 years by paying Survival Benefit. The last instalment would be paid when the policy matures along with Bonus as Maturity Benefit and the policy would terminate. However, if the Life Insured dies within the policy tenure, the Sum Assured + Bonus would be paid as Death Benefit irrespective of the Survival Benefit already paid.

Started date :13/8/2004
Type of policy :Insurance cum investment
Category :Traditional-Endowment Plan
Insurance :Min- 50,000 Max- No Limit
Returns expected :Less than Fixed Deposit
Entry age :91 days-55 Years

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