A life insurance cover helps you secure the financial future of everyone dependent on your income in the event of your death. Nobody can help overcome the loss of a dear one, but imagine that along with this loss the surviving members of the family are hard-pressed to maintain their lifestyles because they were partially or fully dependent on the income of the deceased. Getting an adequate life cover is absolutely essential if the sum of the total value of your assets (other than the home you stay in) less your total liabilities (including any home loan, car loan or personal loan you might have outstanding) is less than 150 times your current monthly expenses. The shortfall would be the recommended amount of life cover you should seek. At ApnaPaisa, we help you reach out to a maximum of 5 service providers who will propose alternative plans that you can compare based on:
- Life Cover (also known as Sum Assured)
- Annual Premium
- Additional Riders Offered
Often customers get lured into combining their life cover requirements with an investment objective. We do not recommend this approach because it is always a lot more affordable to opt for a term insurance policy and invest the savings on the annual premium into any savings instrument of your choice - be it PPF, Fixed Deposits, Mutual Funds or even shares.
Max New York Life Insurance Co. Ltd
Max New York Life Insurance Company Ltd. is a joint venture of New York Life, a Fortune 100 company, and Max India Limited, an Indian multi-business corporation.The company started its operations in India in 2001. Presently, the company has 33 bancassurance relationships, 14 corporate agency tie-ups, and direct sales force at 14 locations.
The company also came up with a hub and spoke model of distribution to reach out in rural areas.
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8 Insurance product available
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