WELCOME

TO
MAX LIFE INSURANCE

Prithvi Mehta
Avinash Borse
Vedang Bhandekar
Amit Dali
Some Facts

The awareness about insurance products is

around 78 per cent in India.
However, ownership of insurance products is
low - only 24 per cent households in the country
own a life insurance cover.
At the all-India level, for all households, while
the average sum assured of a life insurance
policy in the country is Rs 27,951, the average
premium paid is Rs 1,227.
 Awareness of Life
Insurance

Source-India Financial
Protection Survey
 OWNERSHIP PATTERN OF
LIFE INSURANCE

Source-India Financial Protection

Survey
ABOUT MAX NEW YORK
LIFE INSURANCE COMPANY
ONE OF THE LARGEST LIFE INSURANCE
COMPANIES IN THE WORLD
ESTABLISHED IN 1845 IN NEW YORK
215 BILLION $ UNDER MANAGEMENT
FIRST COMPANY TO INSURE WOMEN AT THE
SAME RATE AS MEN IN 1894
FIRST COMPANY TO COVER DISABILITY
BENEFIT
FIRST COMPANY TO ISSUE COVER FOR
UNEMPLOYMENT/CUSTOMER CARE ON WEB
FIRST TO OFFER CASH DIVIDENDS TO
POLICY HOLDERS
ABOUT THE COMPANY

Max New York Life Insurance Company

Ltd. is a joint venture between Max India
Limited and New York Life International
IN INDIA MAX Life CAME IN 1985
IS OWNED BY TOP MOST PHARMA
COMPANY RANBAXY GROUP
WITH MORE THAN 100 OFFICES IN INDIA
IN 73 CITIES
AND ONE OF THE MOST REPUTATED LIFE
INSURANCE COMPANY IN INDIA
VISION AND MISSION
'To bethe most admired life insurance company
by securing the financial future of our
customers.
We are an honest life insurance company,
committed to doing what is right.
We serve our customers through
Long Term Savings,ProtectionandRetirement
Solutions, delivered by our high quality Agency
and Multi Channel Distribution Partners.
We are business with strong social relevance and
contribute to society by supporting causes in
health and well-being.
 TYPES OF INSURANCE
PLANS
CHILD PLANS
PROTECTION PLANS
RETIREMENT PLANS
SAVINGS PLANS
MAX SHIKSHA PLUS II
(CHILD PLANS)

Comprehensive Protection For Your Childs

Future:The plan offers comprehensive Life Insurance
coverage including Family Income Benefit and Funding
of Future Premiums in case of Death of the Life Insured
to ensure that your dreams for your child remain intact
Choose Your Policy Term Basis Your Need:You have the
option to choose Policy Term basis your need i.e. 10
years or any term between 15 to 25 years. The Premium
Payment Term is same as the Policy Term except for a
10 year Policy Term where the Premium Payment Term is
5 years
Max Life Guaranteed Income
Plan (savings plans)
Guaranteed Tax Free* Monthly Income -Get
guaranteed tax free* monthly income for 10 years
(Payout Period) along with one - time guaranteed tax
free* Terminal Benefit at the end of the Payout Period
Guaranteed Income That Doubles After 5 Years
-Guaranteed tax free* monthly income offered in first
five years of the Payout Period is doubled in the
remaining five years
Immediate Payout After Policy Term -Start enjoying
monthly Income Benefit immediately after the Policy
Term (starting next year after all Premiums have been
paid)
 Max Life Cancer Insurance
Plan (protection plans)
Comprehensive Plan: A Comprehensive cancer
insurance plan covering all stages of cancer
Lump Sum Payout/s: Lump sum Payouts to cover
medical expenses across all stages
Waiver of all Future Premiums: Waiver of
premium for entirepolicy termin case diagnosed
with Carcinoma in Situ (CiS) or Early Stage Cancer
Income Benefit: Income benefit for 5 years in
case diagnosed with Major Stage Cancer along
with lump sum
Max Life Guaranteed Lifetime
Income Plan(Retirement plan)
Guaranteed Income:- Guaranteed Income to cater to
your needs as long as you live
Option to choose from Single Life or Joint
LifeAnnuity:-Option to receive life-long payments for
as long as you or your partner are alive You have the
option to choose from : Single Life or a Joint
LifeAnnuity
Return of Purchase Price:-Option to receive return of
purchase price on death After the death of the
annuitant(s), the purchase price of the policy is
returned to thenominee
MAX LIFE AND HDFC MERGER
Together they will form Indias largest
listed life insurance company.
Estimated market share of Rs 67000 crore
once the merger gets completed in next
10-15 months.
The merged HDFC Life will become the
second-biggest insurr in the country with
a 10.8% market share,behind state-owned
Life Insurance Corp of India (LIC),which
commands around 70% market share.
Role of Insurance in Wealth
Management
Essential product in the area of wealth management
Helps to protect future earnings in any case of
unfortunate accidents
Tax advantaged wealth transfer:-Unanticipated taxes
can quickly diminish savings or investments.However,life
insurance death benefits are generally excluded from
income tax to the beneficiary and may be excluded from
the taxable estate if the insurance is owned by an
Irrevocable Life Insurance Trust (ILIT) from inception.
Liquidity:-Having cash on hand to take care of
unexpected expenses or taxes is also an important
consideration when constructing a wealth plan. Here,
too, life insurance may be indispensible in helping to
provide liquidity when you or your heirs need it most.