Max New York Life Insurance Company Limited
Max New York Life Insurance Company Limited is a joint venture between Max India Limited, one of India’s leading multi-business corporations and New York Life International, a Fortune 100 company.
One of the health insurance plans that Max New York Life has come up for the entire family is the Lifeline Safety Net Plan.
The SALIENT FEATURES of this plan are:
· Covers to protect policyholder and her/his family in the unfortunate event of death, disease, accident and disability
· In case of death, the company will pay a sum equal to the sum insured subject to deduction of critical illness benefit, if paid any
· In the event of critical illness, the company will pay 50% of the sum insured
· If there is total permanent disability, the company pays an additional benefit of 50% of sum insured
· An additional benefit of 100% of sum insured is paid in the case of accidental death benefit
· Sum insured can be taken for amounts ranging from Rs.2 lacs to Rs.40 lacs
· There is a 5-year guarantee on the premium payable
· High coverage tenure of up to 30 years
· Coverage for 10 critical illnesses
· Cancer
· Coma
· Kidney Failure
· Multiple Sclerosis
· Heart Attack
· Paralysis/paraplegia
· Stroke
· Major organ transplant
· Coronary artery bypass surgery
· Heart valve surgery
ELIGIBILITY CRITERIA:
· Minimum entry age is 18 years
· Maximum entry age is 60 years
· Policy term is 10/15/20/25/30 years
· Maximum cover ceasing age is 75 years
EXCLUSIONS:
No benefits will be payable if the insured event occurs due to one of the following reasons:
· Opportunistic diseases associated with AIDS or HIV infections
· A pre-existing condition
· Suicide or attempted suicide or intentional self inflicted injury within 12 months after the issuance or reinstatement of the policy. No total and permanent disability benefit will be payable if it occurs as a result of attempted suicide or intentional self inflicted injury
· Influence of drugs or alcohol
· War invasion, civil war, riots or any warlike operations
· Participation in criminal or unlawful act
· Service in the military/para-military, naval, air forces or police organizations of any country in a state of war
· Participation in any flying activity other than as a bonafide passenger in a licensed aircraft
· Engaging in or taking part in professional sport or any hazardous pursuits
· Exposure to radioactive, explosive or hazardous nature of nuclear fuel materials
The policies of Max New York Life Insurance can be purchased online through www.maxnewyorklife.com or they can be called on their toll free number 1800-180-5577
Some otherBENEFITS of buying a health insurance plan from Max New York Life apart from the ones given above are:
· Cashless hospitalization
· Tie up with over 4000 hospitals across the country