About Max New York Life Insurance Company
Max New York Life is a joint venture between Max India – India’s multi business corporate house and US based New York Life International with 74% and 26% share holding respectively. Both the share holders are renowned in their respective fields. Max India Limited is a multi business company amongst which best known are Max Healthcare and the excellent array of hospitals. New York Insurance Company is the largest mutual life insurance company in the States of America and they are one of the largest life insurers in the world.
Max New York Life Insurance with its constant mission to be amongst the first one in the list of choices of insurance companies, it has conquered the spot of being the leading player among the private life insurance companies and has more than 11,000 employees across India. The company has a vast distribution network of 676 branches spanning 389 towns in India. The company has been providing both traditional and nontraditional life insurance plans.
Max New York Life Insurance Management Team
Rajesh Sud is MD & CEO of Max New York Life.
Sunil Kakar: CFO of Max New York Life.
John Poole: Appointed Actuary of Max New York Life
Max New York Life Product Portfolio
The list below gives an insight on the various insurance policies offered by Max New York Life Insurance to varied consumers of diverse age groups.
(a) Retirement Plan/Pension Plan: The concept of retirement plan is fast catching up with today’s working lot in the country due to the popularity of the nuclear families, big pay packages and sensibility regarding the security of the future. Pension plan provides steady income after retirement and takes care of daily needs. The pension plan offered by Max New York Life is Life Partner Plus.
(b) Child Plan: In today’s world of cut throat competition even to get pre-school admission is difficult. In such a world it is advisable to be a wise parent and start thinking about the child’s future today. By investing a small amount of your savings today can give your child a secure and strong financial future. The child plans offered by MNYL are Life Shiksha Plus II and Life Smart Bond.
(c) Term Plan: Death is the most unpredictable part of the human life. So it is better to take a smart decision today and opt for a term life insurance plan which gives a comprehensive cover to the family on the sudden demise. The term plans offered by MNYL are Max New York Platinum Protect and MNYL Lifeline Safety Net.
(d) Investment Plan/ULIP: This plan invests part of your savings in equity or debt market as per your preference. The objective of investment plan is to give you returns which can easily beat the rising costs since the usual returns in a bank are extremely low and that can be a loss making decision in today’s world. The ULIPs offered by MNYL are Max New York Life Shubh Invest 20 year Endowment (Participating) Plan, MNYL Endowment to Age 60 (Participating) Plan, Life Gain Plus 25 (Participating) Plan, MNYL Life Pay Money Back Plan, MNYL Life Gain Endowment Plan, Max New York Life Smart Bond Plan, Max Mangal Endowment Plan, Max Vriksha Money Back Plan and Max Amsure Bonus Builder Plan. Max New York Life has also launched a more flexible insurance plan known as Max Flexi Fortune Plan which offers more flexibility in choosing Sum Assured and premium payment term which is usually not observed in investment plans offered by other companies.
(e) Health Plan: Health Plans offered by Max New York Life are in a way different from typical health insurance. It provides cover for surgery costs, critical illness in which a lump sum is paid irrespective of actual hospital bill, etc. The health plans offered by MNYL are Lifeline Medi Cash Plus, Max Lifeline Safety Net, Max New York Lifeline Healthy Family Plan and Lifeline Wellness Plus Plan.
Quick List of Max New York Life Insurance plans
|Max New York Endowment Plans
||Max New York Health Plans
|Max New York Term Insurance Plan||Money Back Plan
|Max New York Retirement Plans
||Max New York Child Plan
|Max New York Unit Linked Plan (ULIPs)
||Max New York Whole Life Plan
Max New York Contact Information
|Head OfficeMax House, 1 Dr. Jha Marg, Okhla,
New Delhi – 110020
|Toll-free Phone : 1800 180 5577MTNL/BSNL - 1800 200 5577
SMS: “Life” to 54242