Secure Dreams plan from Max NewYork Life is designed to
- Protect the money invested through safe investments, but also looking at some growth in the portfolio
- No medical tests involved- this has been pitched as convinience
- Let the policy continue even if the insured passes away- done through premium funding.
- flexibility to choose the period of coverage
Secure Dream Eligibility

Death Benefit
- Incase the life insured dies MNYL will immediately pay the sum assured equal to 10 times of the annual premium.
- The policy shall continue to be in existence as it is and all the future premiums will be funded by the company.
- The loyalty additions will also be credited while the policy is on a premium funding mode.
- On actual maturity date of the policy, the maturity value will be paid to the nominee.

Living Benefit
- Offers Loyalty additions @ 10% of the annual premium and shall be credited to your account on each of the last 5 policy anniversaries provided the policy is in force and all due premiums have been paid.
- The loyalty additions increase the account value and the interest is calculated on the increased amount,thus making it a double benefit.

Maturity Benefit
The plan matures as per the chosen policy term and the account value is paid to the policyholder

Tax Benefits
This plan may entitle you to certain tax benefits on your premiums as well as on your maturity value.
U/s 80C of the Income Tax Act 1961 on your premiums.
U/s 10(10D) of the Income Tax Act 1961 on your maturity proceeds of the policy.
Please note that if the premium paid in a financial year exceeds 20% of the Sum Assured, 10 (10D) benefit will not be available and 80C benefit will not be available for the premium exceeding 20% of the Sum Assured under the current tax laws.