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Smart Steps

Unit linked Child policy

From Max New York Life Insurance Company Limited

 

Features (claimed by the company)

Systematically invest in capital market to secure child's long time future

Protect family by insuring against the financial impact of a critical illness in addition to the basic death benefit

In the event of death during the plan period:

Max New York Life undertakes to pay the premiums for the remaining term of  the plan

Regular payouts are provided through "Family Income Benefit" for  child's needs like school  fees

 

Risk factors / warning statements : Max New York Life Insurance Company Limited is only the name of  the Insurance company  and  "SMART Steps Unit Linked Investment Plan " is only the name of  the unit linked life insurance contract  respectively and does not in any way indicate the quality of the products, its future prospects or returns.  Premium paid on ULIPs are subject to risks associated with capital markets and the NAVs  of the units may go up or down based on the performance of the fund and factors influencing the capital market. The policy holder is solely responsible for his/her decisions while investing in ULIPs .

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(October 2007)

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