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Max New York Life a joint venture between Max India and New York Life International, it is one of the leading insurer in India which offers insurance solutions for both individual and Group with help of its wide network of highly competent life insurance agent and flexible product solutions. 

The company recently has launched its new product ‘College Plan’. It is a guaranteed money back child plan that helps parents to create corpus and meet fast increasing cost of higher education of their children.

Max New York Life College Plan has been developed after a detailed understanding of consumer needs. Plan provides an edge to its customers by helping them start planning from age 0 to 8 years of their child and provide risk free guaranteed returns from the age of 18 to 21 , the college going years. 

Max New York Life’s ‘College Plan’.

College Plan which provides guaranteed returns at 120% of Sum Assured. It is products for those who don’t prefer to take risk while saving for their child’s education. 

Plan offers guaranteed money back towards child’s education. Plan which ensures premium payment term is completed during the school days and money back start at the age of 18, 19, 20 and 21 when it is needed most for higher education. 

Money back payment is provided manner which reflective of the real experience of the customer. As the expenses are high during first and last year of college hence the 40% of the sum assured is given in year 18 and 21.  

Product comes with Reversionary and Terminal Bonus. A guaranteed terminal bonus is paid if the policy has been in force for 10 years. The option of reversionary bonus ensures that corpus is not used for other purpose during the tenure of the policy. 

In case of unfortunate demise of payor company will make sure policy is operating until the maturity of the policy. Max New York will pay all due premiums on the behalf of life insured until policy maturity to boost education fund. 

Max New York who designs its products keeping in mind the future needs of customers. The rising cost of education is a clearly cause of concern. College Plan which has designed with an objective of securing of your child’s needs and ensures important concern of parents on child’s higher education.  

Know more about Max New York’s College Plan.