5- Max New York Life insurance Co. Ltd - Critical Illness Insurance
LifeLine Wellness Plan
Plan Overview
The key to enjoying a health life consist of healthy or nutritious food, regular exercise, and personal care. Due to the change in lifestyles today, Individuals are prone to stress, and various forms of health problems or illnesses. Everyone aims to lead a long a healthy life and this has become possible with the emergence of innumerable modern medical facilities and technologies that effectively treat almost all the diseases contracted by individuals. Today, there are many health insurance providers too to ease the tensions of people undergoing various treatments for illnesses. Max New York Life offers an array of health insurance plans especially designed to meet your financial needs at times of health problems. Max New York Life's LifeLine-Wellness™ is a health plan, which would provide you 360-degree benefit in terms of long tenure of coverage, coverage for 10 critical illnesses, permissible tax benefit under an Income Tax Act.
Eligibility Criteria
Criteria Eligibility
Age At entry 18 years to 60 years
Option for policy term 10, 15 or 20 years
Maximum age at maturity 75 years
Premium Guarantee 5 Years i.e subject to the revision with IRDA approval. Premium is renewed every 5 years through the term of your plan
Premium Limits Minimum: Rs. 2,500 (Yearly Mode)
and Rs. 1,300 (Half Yearly Mode)
Waiting Period 180 days from policy commencement
Reinstatement after Lapse Allowed only till 6 months based on declaration of good health
Waiting Period after Reinstatement 90 days from policy revival date
Scale of Benefits
Coverage Choice Life Line - Wellness™ & Wellness Plus™ Plans
Number of Units 1 2 3 4 5 6 7 8 9 10
Sum Assured (in lacs) 2 4 6 8 10 12 14 16 18 20
Example: If you take 5 units of wellness you have bought yourself a sum assured of 10 lacs as per the table above.
List of Covered Critical Illness Conditions under LifeLine- Wellness™ Plan are given below:
  • Cancer
  • Coma
  • Kidney failure
  • Multiple sclerosis
  • Heart attack
  • Paralysis / paraplegia
  • Stroke
  • Major organ transplant
  • Coronary artery bypass surgery
  • Heart valve surgery
Benefits under LifeLine- Wellness™ Plan
You can avail benefits on the happening of any of the above events and fulfilling the following three conditions:
  • Confirmed by a registered medical practitioner, including a relevant specialist acceptable to the company (the cost of which shall be borne by the policyholder)
  • Provided the life insured has survived for at least 28 (Twenty eight) days after the happening of the insured event
  • The life insured filing with the company all the required claim documents within 60 days of the date of the happening of the insured event
The benefit will be payable
  • On the diagnosis of any of the critical illnesses as defined in serial number 1 to 7 in the list of conditions.
  • On the actual undergoing of the surgery of any of the critical illnesses as defined in serial number 8 to10 in the list of conditions.