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Term Insurance : Max New York Life - Level Term Policy


Coverage (Features): Max New York Lifeâ??s Level Term (Non Participating) Policy covers your life at a very low cost and reduces the consequent hardship your family may have to bear in the event of your death.


General Exclusions: If the life insured dies by suicide, whether sane or insane, within one year from the date of commencement or effective date of revival, the policy will terminate and the surrender value, if any, will be paid.
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Details of Max New York Life - Level Term Policy
Grace Period: 30
Premium Cost: 13550
Premium Frequency: Yearly, Half-Yearly, Quarterly, Monthly
Max Age at maturity: 60
Pre-mandatory Medicals: DNA
Cost of Health Checkup: DNA
Conversion Option: No
Number of Riders Covered: 3
Critical Illness/ Dread Disease Gives an additional benefit upon diagnosis of any of the ten diseases viz â?? Heart Attack, Cancer, Stroke, CABG, Multiple Sclerosis, Kidney Failure, Major Organ Transplant, Paralysis, COMA, Heart Valve Replacement/Repair-
Accidental death benefit and total and permanent disability benefit rider Additional life cover in case of death / permanent disability by accident.-
Waiver of premium Waiver of future premiums in case of disability.-
Surrender Value: No
Revival of Lapse Policy: DNA
Income Tax benefit: Premium paid towards this policy will be eligible for tax benefit under Section 80 C under Income Tax Act.
Clauses for Cancellation: Data not available.


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