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.