The 5

th
product

category of
 Terms Made Simpler
• Term of Policy = Duration of the Policy
• Term Insurance = RISK COVER (ONLY ON DEATH)
• Premium = Amount you pay every year
• SA (Sum Assured) = Insurance Cover in the policy-
MONEY YOUR FAMILY GETS IF YOU DIE
• PPT (Premium Paying Term) = Duration You pay
Premium
• ULIP= Unit Linked Insurance (TERM INSURANCE +
MARKET INVESTMENT
• Rider – Additional benefits at extra cost attached to
life insurance policy
Presenting

Lifeline
Safety Net
 Disease
Disability protection
Protection

Accident
Protection
Death
Protection
 Features, Advantages & Benefits
Features Advantages Benefits
4 Dimensional Term Insurance, Peace of Mind in
Cover Disability any situation of Life
Critical Illness &
Death Covered

200 % cover on In case of accidental Maximum coverage

Accidental Death death of the offered to secure
insured, twice the the future of
Sum assured is paid immediate family
& Policy Terminates hence live a secure
life
Features, Advantages & Benefits

Features Advantages Benefits

Maximum Coverage The Insured gets half Payment of Half the
in case of total the Sum assured in SA ensures that your
permanent case of TPD & Policy family does not go
disability** continues through tough times
because of your TPD
Critical Illness* In Case of Critical Payment of Half the
Accelerated Benefit Illness Being SA ensures your
Diagnosed for the Life medication and family
insured, half the SA is expenses do suffer
paid upon the survival because of the illness
period of 28 days
An Illustration
Safety Net Key Highlights
 Some Key Points to Note

• In Case of Critical Illness, the life insured has

to survive for at least 28 days after the
happening of insured event

• Total & Permanent Disability should result

with in 180 days of an accident
Max Amsure Bonus Builder
Age At Entry : 18 yrs to 50 Yrs
Maturity – Age 100 of customer
 Limited Premium Payment
Up to the age of 60
 Plus you are eligible for bonus any one option
Cash – take back bonus as cash
Premium Offset – Adjust to next premium
Paid Up Addition – Accumulate bonus for future
 Your Choice of additional benefit
•Term Rider – Term insurance cover
•PAB Rider – Accident benefit Cover
•WOP Rider – Premium waiver
•Dread Disease Rider- Critical illness cover
 Max Amsure Bonus Builder

 Cash Back :5% of the original SA every year from

Age 61-80 yrs.

 Death Benefit : SA + Bonus if any

 Maturity Benefit :SA + Bonus if any at age100

 Tax Benefit Sec 80 C & 10(10 D)

Life Gain Plus
A Traditional, participating
plan…offering…

Safety of investments

Guaranteed Returns

Higher Protection

Great Flexibility

…So that you can enjoy a long

holiday called…Life!
 Safety of Investment - Investment strategy
for traditional products

In line with IRDA

Investment guidelines for
traditional products!
 Guaranteed Returns – Maturity Benefit

Maturity values:
• Guaranteed MB -
Rs. 4,41,943
Sum
SumAssured
Assured • Non Guaranteed @ 6% -
Rs.
Rs.4,01,766
4,01,766 Rs. 6,27,656
• Non Guaranteed @ 10% -
Rs.10,76,410
Issue of policy
– Year 0

Premium payment tenor – 15 years

Premiums Paid:
Rs 300,000

Maturity
First premium
 Higher Protection – On Death….

Guaranteed
Double SA Rs. 8,03,532
with accrued
bonuses on Death Non Guaranteed
after 5 years of
policy in force •@ 6% - Rs. 8,33,818
Death at •@ 10% - Rs.8,88,152
10 years
Death within 5 Sum Assured
Sum Assured
Rs. 8,03,532
years Rs. 8,03,532
Issue of
policy – Maturity of
Year 0 SA + accrued bonuses policy – Year 25
SA + accrued bonuses

Death after 5 years –

Sum Assured Death after 5 years –
Sum Assured Double SA + accrued bonuses
Rs. 4,01,766 Double SA + accrued bonuses
Rs. 4,01,766

Male age 30, Premium 20,000, PPT 15 yrs and Term 25 yrs
 Higher Protection – On Death & Sickness

Rider Options:
• PAB
• Term Rider
• DD Rider

• WOP Rider
• Term R&C Rider

Inbuilt Protection:

• Terminal Illness coverage- up to 50% of SA paid upfront on diagnosis of a

terminal illness.
 Higher Flexibility

• Option to Choose Policy Term basis your life stage milestone:

– 20 Years or
– 25 Years
• Pay while your earning are higher - Limited Premium Payment option
– 6/10 Years PPT for 20 Year Term
– 6/10/15 Years PPT for 25 Year Term
• To switch between different bonus options
– Cash
– Premium Offset
– Paid up addition(PUA)
Flexibility - Bonuses Provide a Wide Array
of Choice…
• Cash: take the amount of bonus declared as cash
• Premium Offset : the bonus amount can be used to
adjust against future premiums payable
• Paid Up Additions:
– The bonus amount can be used to purchase PUA
– Whereby the Sum Assured will increase the
IA L
PEC
insurance cover every year and add to base coverage

S – PUA’s are participating in nature and generate

further bonuses
– Can Be separately surrendered if customer wants to
access the cash value of these PUA’s

Customers have the flexibility to switch between

bonus options
Life Gain Plus – Bonus declared in 2010

Age Bonus Bonus Cash Bonus Per

Projection @ 6% Projection @ Rs. 1000 SA
10%

25 4.57 11.87 7.669

30 4.69 12.21 7.884

35 4.93 12.82 8.277

40 5.27 13.70 8.850

Cash Bonus Advantage
Premium offset Advantage
Paid Up Addition Advantage
Past Trends proves
 Life Gain Plus - Plan Details
Entry age (years) 18
Max Entry age
Term 20 - 55 Yrs : Term 25 - 50 Yrs
(years)
Maximum maturity
75
age (years)
Policy term 20,25 years
Premium payment 20 - 10 pay
term 25 - 10/15 pay
Min Sum Assured
50000
(Rs)
Max Sum assured
No Limit
(Rs)
Riders allow ed PAB,Term, Term R&C, DD,WOP
Sum assured w ith guaranteed additions &
Living benef its
accrued bonus
Policy in f orce < 5yrs
Sum assured
Death benef its
Policy in f orce > 5yrs
Double of Sum assured
Guaranteed 10% addition
Others benef its
Bonus once declared, is guaranteed
For
Fordetails
detailsrefer
refertotoproduct
productbrochure..
brochure..
 Tax Benefit

• Sec- 80 C up to Rs. 1lac

• Sec – 10 (10D)
 How to Buy
• Age proof
• Address proof
• One Passport size colour Photo (Latest)
• Proposal Form
• Income proof – Required if you pay premium
greater than 1 lakh per year or if the Insurance
taken is above 20 lakhs
• CHEQUE/DD/OWN CREDIT CARD/CASH UPTO
20K
 Renewal Process

• Locations of payment : Amway ADC or Max

New York Life Offices (MNYL)
• Mode of Payment
– Cash up to 20000/ at ADC up to 50000/ at MNYL
– Own Cheque/own Credit card/DD
– Online payment in MNYL website –
www.maxnewyorklife.com
 &
Health
Insurance Program
 Why Health Insurance
• To take care of emergency need for money
• Medical expenses are raising company cover
may not be sufficient????
• Company decides whom to cover and whom
not in the family?
 Why Health Insurance

• Elderly parents are normally not covered.

• Company cover does not gives cumulative no
claim benefits.
• Company cover lapses one you leave the
company next company covers or not?????
 Some Information
• Who all covered?
– Self, Spouse, 2Children
– Dependent Parents
• Age at Entry
– 91days to 65years
– Renew up to age of 70 years
• Combination
– Self & Spouse(2Adult)
– Self, Spouse and Children(2max)
– Both Parents(2Adult)
– Self & One parent(2Adult)
 Benefits
Any Hospitalization Benefits for 24 Hrs and Above

• Protection against Hospitalisation for Disease, Ailments

or Accidents

• Offers Cash less Hospitalisation

• Room & boarding, Nursing, Surgeon expenses

• Anesthesia, Blood, Oxygen & similar expense

34
 Benefits

• Hospital Cash benefit

– Rs.500/- per day per Insured Person for each completed
24 hours of hospitalization. Total Benefits up to maximum
of 20 days daily benefit for any one Insured Person and 60
days daily benefit for all Insured Persons for the entire
policy period.
• Reimbursement of Master Health check up
– Charges subject to a limit of Rs.750/- after every 4
consecutive claim free years.
 Benefits
• Pre hospitalization and Post hospitalization
– Cover up to 30 days and 60 days respectively.
• Ambulance charges
– In an emergency subject to a limit of Rs.1000/- per
person per claim during the period of insurance.
• Convalescence Benefit
– Lump sum of Rs.10000/- for hospitalization
exceeding 21 consecutive days per Insured Person
subject to maximum of Rs.20000/-
 Benefits
• Day care expenses
– Covers Day care treatments where no In-patient
hospitalization is required
• Cumulative Bonus
– Sum Insured under the policy for hospitalization benefit shall be
progressively increased by 5% for every claim free period of insurance,
subject to a maximum of 50%.
– Incase of a claim by any member under this policy in a policy period the
earned bonus will be reduced by 10%.
– Cumulative Bonus will not be considered while settling claims for pre
existing diseases.
 Family Health Protector

KEY FEATURES
1. No Medical examination for people up to 55 years.

2. Income tax exemption under Section 80 D for health insurance

premium.

3. Cashless facility (in 2200 hospitals in more than 200

cities).

4. 24-hour help line number.

5. Ambulance referral facilities

6. Online access to medical and claims information

7. Online storage of medical records (with uploading facility)

38
 Exclusions and Limits

• Pregnancy / childbirth

• The cost of spectacles, contact lenses and hearing aids.

• Dental treatment or any kind unless requiring Hospitalization.

 Exclusions and Limits
PRE EXISTING DISEASES shall be covered after consecutive renewal for 4 years.

First Year Exclusions Two Year Exclusions

Treatment of Congenital Treatment of Spondylosis / Spondilitis any type,

Internal Diseases, any type of Inter vertebral Disc Prolapse and such other
Migraine / Vascular head ache, Degenerative Disorders. Cataract, Benign
Prostatic Hypertrophy, Hysterectomy, Fistula,
Stones in the Urinary and Biliary
Fissure in Anus, Piles, Hernia, Hydrocele,
systems, Surgery on Tonsils / Sinusitis, Knee / Hip Joint replacement, Chronic
Adenoids, Gastric and Duodenal Renal Failure or end stage Renal Failure, Heart
Ulcer, any type of Cyst / diseases, any type of Carcinoma / Sarcoma /
Nodules / Polyps, any type of Blood Cancer, Osteoarthritis of any joint for all
Breast Lumps Insured Persons.
 Premium
Rs.200000 2 Adult 2 Adult + 1 child 2 Adult + 2 children
Upto 35 yrs 3,822 4,368 4,859
Upto 45 Yrs 4,564 5,123 5,650
Upto 55 Yrs 6,644 7,653 8,643
Upto 60 Yrs 8,592 9,833 11,076
Upto 65 Yrs 11,229 12,472 13,715
Rs.300000 2 Adult 2 Adult + 1 child 2 Adult + 2 children
Upto 35 yrs 5,222 5,884 6,481
Upto 45 Yrs 5,885 7,455 8,928
Upto 55 Yrs 8,951 10,517 12,052
Upto 60 Yrs 11,620 13,188 14,757
Upto 65 Yrs 17,273 19,050 20,826
Rs400000 2 Adult 2 Adult + 1 child 2 Adult + 2 children
Upto 35 yrs 6,094 6,809 7,455
Upto 45 Yrs 7,372 8,107 9,284
Upto 55 Yrs 11,255 12,354 13,433
Upto 60 Yrs 14,639 16,621 18,604
Upto 65 Yrs 21,787 24,034 26,280
Back
Up
 Age Proof
• Passport
• State / Central Govt. Employee ID card
• Pan Card
• Driving license
• Municipal Birth Certificate
• Birth Certificate issued by the Hospital / Maternity Home
• Birth Certificate issued by Gram Panchayat with Govt. Approval
Stamp
• Baptism certificate
• School leaving certificate / Admit card / 10th Class Certificate
• Retirement proof of any Govt. organization
• Election Commission ID Card
• Ration Card
 Address Proof
1. Passport
2. Voter’s Identity Card
3. Driving License
4. Telephone Bill pertaining to any kind of telephone connection
like mobile, landline, wireless, etc. not older than six months.
5. Bank account statement, not older than six months.
6. Electricity bill
7. Ration card
8. Current Employer’s Certificate/ID card issued by current
employer.
9. National Social Security Number (NSSN) Card.
10. Gas bill(issued within 3 months)