One of my colleague’s client met an unfortunate event and died due to heart attack at the age of 35 leaving behind his wife and two daughters aged 1 and 6 years. He had the normal insurance cover from many companies and two Smart Steps plan from Max New York Life. The affected family was released the claim amount within a week and the family does not have to pay any further for the policy. They will receive 5% of sum assured for the next 20 years, to save them from financial crisis. Further the fund value will be released on the completion of the term of the Smart Steps policy.
On the other hand the other insurance policies are still awaiting their claim settlement and will terminate as soon as the Sum Assured is paid.
I am glad that this friend was so caring and thoughtful towards his children that he bought one plan for each of his daughters.
I swear by the utility of the Max New York Life’s Smart Step Children plan. It is the best product in its category available in the market.