Amsure

Max Amsure Bonus BuilderTM
At the end of the day, we all hope to enjoy a long and healthy life, and a financially secure retirement. We also hope to provide our families with financial security, should something untoward happen to us.

The reality is however, that the majority of us need to work through retirement as we have not saved enough for a comfortable, worry-free future.

These needs are addressed with the Max Amsure Bonus BuilderTM, which is specially designed by Max New York Life Insurance. It's a unique, flexible, tax efficient plan that combines life cover and retirement benefits. With the Max Amsure Bonus Builder PlanTM, you will only pay premiums for a limited period while your earnings are the largest. On retirement, a regular annual payment is made to you to help cover your living expenses. In the event of death, your nominee is paid the full guaranteed sum assured as well as all accumulated bonuses.

Regular Bonus Payments on retirement - GUARANTEED


After retirement, meeting your day-to-day living expenses is often a problem. The Max Amsure Bonus BuilderTM will pay you 5% of your total sum assured every year for a period of 20 years between the ages 61 to 80.These money back payments are living benefits contingent on survival. This means that apart from the Death benefit, you will receive 20 equal payment of addind up to your sum assured in cash every year for 20 yrs - totally tax free.

Unlike many other retirement policies, these annual payments are guaranteed. When you apply for the policy you already know what your annual payments will be, so you can tailor them to meet your requirements.

The Max Amsure Bonus BuilderTM has been specially designed by Max New York Life Insurance to provide flexibility to suit your unique life circumstances. On retirement, if you find that annuity payments do not suit your lifestyle, you have the option to cash in your policy and immediately receive the full value of your base plan, together with any bonuses that have been declared over the years.
Plus you are eligible for bonuses
In addition to your guaranteed benefit, from your third policy anniversary, you will be entitled to participate in any bonuses declared by Max New York Life, you can choose to receive these bonuses as cash payouts, use them to offset your future premium payments or reinvest them for greater benefits. This could grow into a substantial nest-egg, for use during your retirement years.
   

Additional Peace of mind for you and your family

  • Life Cover
    The Max Amsure Bonus BuilderTM provides you with life cover over the term of the policy up to age 100, ensuring that your nominee will be paid the sum assured plus any accumulated bonuses, in the unfortunate event of your passing away.
    If you are blessed with a long and healthy life and survive until the age of 100 years, then the sum assured, as well as all the bonuses declared will be paid to you as a lump sum.

  • Terminal Illness Benefit
    As an additional benefit, the Max Amsure Bonus BuilderTM also pays out up to 50% of the sum assured (subject to a maximum of Rs. 5 lakhs), in the event of the diagnosis of a terminal illness which would result in death within 6 months.
  • Limited Premium Payment
    You only pay premiums for a limited period, up to the age of 60 or for 20 years, which ever is greater. This should ensure that you do not have to pay premiums during your retirement years.
Flexible Options
  • You can purchase the MaxAmsure Bonus BuilderTM if you are between the ages of 18 and 50, but the fact is that the earlier you start saving, the better.
  • You also decide on the sum assured of your policy, premiums start from as little as Rs. 2,000 per annum.
Your choice of Additional Benefits

The Max Amsure Bonus BuilderTM includes a range of optional additional benefits, for you to tailor-make your policy according to your unique set of circumstances.

  • Term Rider - allows you to buy additional life cover for a limited period, while you are repaying a loan or while your children are still young and rely on you financially.
  • Waiver of Premium Rider - ensures that the policyholder does not need to pay any further premiums in the event of permanent disability.
  • Dread Disease Rider - provides additional benefits to assist with medical expenses and lost income in case of certain specified dread diseases such as cancer, heart attack and kidney failure.
  • Permanent Accident Benifit - provides additional protection against the risk of death and permanent total disability as a result of an accident.
No obligation - 15 day free look period
You have 15 days to go through the policy document in your own home with your family to make sure that it meets all your expectations. Should you feel that the policy does not fulfill your needs, you can cancel and return it to us within 15 days.
Tax Benefits
The premiums paid under this plan qualify for a deduction under Section 80C of the Income Tax Act, while the maturity benefits are exempt from tax under Section 10(10D) of the Income Tax Act.
Life Insurance by Max New York Life
Max New York Life Insurance has been chosen to provide life insurance products for Amsure. Max New York Life Insurance is a joint venture between Max India Limited and New York Life of united States. Max India is multi-business Indian Corporation, while New York Life is a Fortune 500 company with a heritage of over 160 years as a life insurance specialist. Max New York Life has established itself as one India's leading private life insurance companies and is the first life insurance company to obtain the ISO9001:2000 quality certification. With its efficient underwriting and claims processes, along with superior customer services standards, Max New York Life Insurance is an ideal partner for Amsure and it's customers. Amsure has actively participated in designing the unique products to meet your needs.
Frequently Asked Questions
This sounds like an excellent way for me to secure my retirement, as well as provide for my family. How much does it cost and what would my benefits be?

First, you need to decide on the level of life cover and retirement benefits you require and the annual premium you can afford.

For example, Mr. Rastogi is 30 years old and purchases an Max Amsure Bonus BuilderTM with a sum assured of Rs. 500,000 at an annual premium of Rs. 13,400. He also selects to purchase additional life cover and maturity benefits with his bonuses.

He would receive the following benefits:

  • From the age of 61, Mr. Rastogi will receive a cash payment of Rs. 25,000 per annum for 20 years, tax-free. This adds up to 100% of the total sum assured. He also has the option to take the cash value at retirement.
  • Annual bonus declarations.
  • In the event of his death, his nominee will receive the full sum assured of
    Rs. 5,00,000 plus accumulated bonuses.
  • In the event that he is diagnosed with a terminal illness, up to Rs. 2,50,000 will be payable to him as an acceleration in the life cover benefit.
  • In the event that he survives up to age 100, he will have received his annual 5% bonus payments up to age 80, plus he will be paid the full sum assured as well as any additional bonuses that may have been declared. This could add up to as much as Rs. 53,00,000. At a projected interest rate of 10%.

    The graph below illustrates the guaranteed sum assured, the death benefit as well as the projected bonus payouts at a projection rate of 6% and 10%.
Are there any exclusions to the policy?
Suicide is excluded for one year from policy issue. Full details of the Rider exclusions will be in your policy document.
This is an excellent policy. How do I apply?
If you are an ABO, all you need to do is speak to one of Amsure's trained and accredited Insurance Planners at an Amway office. If an ABO has referred you to Amsure, then your ABO needs to accompany you to an Amway office to meet with an Amsure Insurance Planner. They will provide you with all the necessary advice and help you complete the relevant proposal forms. For your convenience, your premiums can also be paid at any Amway office. Please make sure that you take proof of age and identification with you.
(Amsure Insurance Planners are permanently stationed at the Amway Office).
 
Amsure Insurance Agency Limited
AmSure Insurance Agency Limited
Reg. Off: - 1st Floor, Elegance Tower, Plot No. 8, Non Hierarchical Commercial Centre, Jasola, New Delhi - 110025
Corporate Agent License Number: - 2129452
AmSure Insurance Agency Limited is a corporate agent of Max New York Life Insurance Co. Limited.
11th Floor, Jacaranda Marg, DLF Square, DLF City, Gurgaon Phase - 2, Haryana - 122002
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