Insurance plans
LIFE PLANS:
Life is full of surprises. Unexpected events that strike without warning can disrupt the smooth rhythm of life. As the primary earning member, you must ensure the financial security of your family. In your journey through life, you will need to take care of changing needs like asset creation, investing for retirement, children's education and marriage and so on. Insurance companies have various plans to help you such as Whole Life, 20 yr Endowment, Endowment to Age 60, Life Gain Plus 20, Life Partner Plus etc.
Example: Mr. 'X' has starts whole life policy at age 25 with premium Rs 50k, SA of Rs 26.41 Lac, will continuously pay premium for 14 yrs (50k*1.4yrs=7lac), by time SA increase to Rs 42.10 lac. By 'X' age 55 yrs, he starts withdrawals Rs 2 lac for another 20yrs (2lac*20yrs=40lac) with SA Rs 60.43 at age 55. From age 76 'X' will draw Rs 1 lac till age 99 (1lac*24yrs= 24 lac), maturity is Rs 46.58 lac. (Total payment is 7 lac and withdrawals is Rs 40lac+Rs 24lac +maturity Rs 46.58)
GROWTH PLANS:
Building a nest egg is about aggregating surplus amounts regularly to allow them to grow into a sizeable corpus. Investments should be aligned to specific, long-term goals and you can choose plans that offer market-linked returns along with protection. Max New York Life makes tedious efforts to have fruitful results in the form of protection, high-return investment, and financial liquidity for you and offers various plans to help you such as Life Maker Premium, Smart Assure & Smart Xpress.
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