Platinum protect is the new term plan from Max New York life. This plan is available in terms of 20, 25, and 30 year plans. The chief attractive feature for this plan is that we can avail the insurance coverage even though the policy premium payment is stopped after 16 years.  This facility can be claimed if the insurance need of the policy owner become reduced or he turns financially instable. Another interesting feature of this policy is that people with healthy life style can pay reduced premium amounts. They can avail a discount up to 36%.

Birla Sun life has introduced new endowment plans for people following traditional investment practices. The minimum monthly premium in Birla Bachat plan is Rs 400. Bachat plan for a term of 20 years provide an insurance coverage of 180 times the premium amount.  The maturity sum with the loyalty addition will be returned after completion of the term. Double protection which provides the rider for accidental death claim can be made by paying a nominal premium along with regular premium. This policy also provides tax benefits as per Section 80 C and Section 10(10 D). Apart from insurance scheme, this plan can also be considered as long term investment option.

Apollo Munich maxima policy can be taken by anyone in the age group of 91 days to 65 years. The policy can be renewed at anytime in the lifespan. All this makes Apollo Munich special and attractive. The policy is good news to those near to 65 years of age and hasn’t taken a policy yet. Apollo Munich gives coverage to both inpatient and outpatient treatments. A bonus of 10% is also there for unclaimed years.

The policy gives a maximum coverage of 3 lakhs rupees for hospitalized cases. The annual premium for getting this coverage up to 17 years of age is 17,682 Rs. For the age group of 18-45, the annual premium is 13,795 Rs. For a single person in the age group 46-60 years, the annual premium is 16,910 Rs and for the age group 60-65 it is 24,831 Rs.

The policy offers coverage to the diseases at the time of taking the policy after 3 years only. The policy also has options of providing full family coverage.

Crisis cover is a term policy from ICICI prudential that provides the life coverage along with the coverage from 35 serious illnesses.  The term policy can thus provide the coverage similar to a mediclaim policy. In crisis cover the diseases are classified into two. For the first set of diseases the policy owner will get the sum assured totally. For the second category of diseases, the policy owner will get 50% of the sum assured for Angioplasty or maximum 5 lakh Rs, whichever is lesser. The maximum coverage for diseases under this section is 10 lakh Rs. Apart from this coverage, if death or permanent disability happens, this policy returns back the sum assured completely.

Persons from 18 years to 60 years can join in this Policy. The minimum sum assured is 3 lakhs Rs and Maximum sum assured is 20 lakhs. The annual premium for a person with 25 years of age for a term of 15 years is Rs 2435. For a person with 45 years of age it is Rs 9804.