Amsure

Max Amsure Future BuilderTM
We all want the best for our children. We want to give them the best foundation to ensure their prosperity and make their dreams come true.

However, these dreams are expensive. Whether it is a university education, a wedding or a business, large amounts of capital are required. Without planning, most families will not have the funds available to give their children that valuable start in life. The solution is to start saving early, while your child is still young.

Amsure is proud to announce the Max Amsure Future BuilderTM, an effective savings policy, especially designed by Max New York Life Insurance with your child's future in mind. You start saving every year while your child is still young. When your child reaches adulthood, a lump sum will be available to use as he/she chooses.

Your Sum Assured on maturity is guaranteed

You decide how much money your child will need in the future, and choose the sum assured of your policy accordingly. Your child will then receive the guaranteed sum assured on maturity of the policy. You get peace of mind and a risk-free investment, since you know exactly how much your child is going to receive at the end of the policy term.

Plus you are eligible for bonuses

After the third policy anniversary, you will be entitled to participate in bonuses declared annually by Max New York Life Insurance. This is in addition to the guaranteed amount received on maturity of the policy. You can choose to receive these bonuses as cash payouts or use them to offset your future premium payments, or just let them accumulate until maturity to ensure an even larger payout for your child. Bonuses declared are non-guaranteed.

Protect your child's future
The Max Amsure Future BuilderTM also gives you the option to secure your child's future, against all eventualities. By choosing the specially designed Payer Benefit Rider, you will ensure that your child's Max Amsure Future BuilderTM Plan continues until maturity, if you should pass away or become permanently disabled as a result of an accident or illness. No further premium payments are required.

Options to buy a permanent insurance policy

Upon maturity, you will have the option to purchase a permanent life insurance policy on the life of your child without fresh medical underwriting, for an amount up to the sum insured.

Death Benefit

In the event of death of the life insured before maturity of the policy, the premiums paid will be returned along with interest at 4% rate per annum, compounded annually together with any accrued bonuses.

Flexible Options

  • You can begin with the Max Amsure Future BuilderTM at any time from when your child is 3 months old to 14 years, but the earlier you start the better.
  • You decide on the policy term, which can be anything from 10 to 24 years, depending on the age of your child.
  • You also decide on the sum assured of your policy, with premiums starting from as little as Rs. 2,000 annually.

 

No obligation - 15 day free look period

You have 15 days to go through the 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
Sounds good. How much does it cost and what will my child be paid out?

Firstly, you need to decide on the lump sum payment you would like your child to receive on maturity and the age when you would like your child to receive the payment. Remember the longer you invest, the higher the benefit.

For example, Mr. Govender wishes to fund the future education of his son. An annual premium of Rs. 5,810 per annum buys him a sum assured of Rs. 1,00,000 for a 20 year term. As he wishes to get the maximum payout on maturity, he wishes to leave his cash bonuses on deposit until maturity.
The graph below illustrates the guaranteed lump sum payment of Rs100 000 as well as the accumulated bonuses that Mr. Govender could receive at a projected rate of 6% and 10%.


 

What happens if I cannot afford to pay premiums anymore after say 5 years?
Although this is not advisable, your policy acquires a surrender value at the end of three years. Thus, if you are not able to pay the premium, the company can extend a loan to you to keep the policy active.
Are there any exclusions to the policy?
As this is a savings plan, there are no exclusions under the policy. If you select the Payer Benefit Rider, suicide is excluded for one year from the inception of the benefit. The complete details will be in your policy document.
This is an excellent way to secure my child's future, how do I apply?
If you are an ABO, all you need to do is speak to one of Amsure's trained 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 Offices).
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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