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                • Income Tax Rules Changes
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                • Fd Calculator
                • FD Calculator
                • Importance
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                FD Calculator

                An FD calculator can be used online to determine the interest and the amount that it will accrue at the time of maturity. It is a simple tool available on the websites of most banks. The benefit of using
                a fixed deposit calculator is that it will help you to figure out how much your deposit will be worth at maturity based on the current interest rate for a specific term. It also helps you compare different tenures with different interest rates from various banks.
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                Calculate your earnings with FD

                1L

                Note:- Tenure rounded to nearest quarter.

                Get Tax-Free##

                Fixed Returns up to 7.5%*

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                Get Returns in just 5 years

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                Get Life Cover

                View Plans

                You Get

                Total Investment
                ₹ 1.00 Lakhs
                Total Interest
                ₹ 2.00 k
                Maturity Amount
                ₹ 1.02 Lakhs

                Note: Compounding is occurring on quarterly basis.

                Maximise Your Savings

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                *

                Disclaimer

                Applicable for Titanium variant of Axis Max Life Smart Fixed-return Digital plan (Premium payment of 5 years and Policy term of 10 years) and
                a healthy male of 18 years paying Rs. 30,000/ per month (exclusive of all applicable taxes) with 7.5% return. Life Insurance is available with this product.

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                Written by

                Kriti Arora
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                Kriti Arora

                Insurance Writer

                Kriti is a content marketing and branding expert with more than 13 years of rich experience across BFSI and Telecom industries. She is currently leading Digital Creative Strategy for Axis Max Life Insurance.

                :

                Reviewed by

                Vaibhav Kumar
                Profile picture of the Vaibhav Kumar

                Vaibhav Kumar

                Insurance Expert

                With over 15 years in life insurance, Vaibhav is a recognized products and digital leader for driving innovation at Axis Max Life. He's played a pivotal role in developing new business lines and implementing successful D2C strategies.

                What is FD calculator?

                A fixed deposit calculator is a tool that enables you to calculate the rate of interest you can earn on your deposit for a specific term. The FD calculator is simple to use and will help you to compare different tenures with different interest rates from various banks. It makes it easier for you to determine which bank and tenure would provide you with the largest fixed deposit maturity amount.

                To calculate the maturity amount, it takes into account the principal amount, the term, and the applicable rate of interest. So, before you invest in a fixed deposit, use an online FD calculator to estimate your earnings ahead of time, allowing you to make a more informed financial decision.

                important-fd-calculator.jpg

                Why Use FD Interest Calculator?

                Projecting your returns is an essential part of financial planning. It can help you make certain significant purchasing and investment decisions in life. This is where an FD interest calculator comes in. Calculating the amount, you will be getting at maturity using a formula can get quite complex. You might make some calculation errors, get confused and devote a lot of your time unnecessarily. However, you can avoid all of it using an FD interest calculator.

                An FD calculator is especially designed to help you calculate your maturity returns easily. It saves time, requires minimal effort, and supports your financial planning without any hassle.

                Importance of FD calculator

                Investing in an FD, like any other financial decision, requires you to carefully assess your financial profile in tandem with your existing investments and future goals. Here’s how an FD calculator helps you in that process:

                1.Simplifies Investment Calculation

                Calculating the return on maturity of a fixed deposit can be a complicated process involving multiple variables. An FD Calculator helps you get accurate estimations without breaking a sweat.

                2.Helps Evaluate the Associated Risk

                Using an FD calculator allows you to see the returns that you will receive after a certain period. This can give you a sense of security since FDs are designed to reduce risk and provide guaranteed earnings. If you are a risk-averse investor, the FD calculator can help you understand how much you should invest in order to get the desired returns.

                3.Time Saving Process

                Not to mention, using an FD interest calculator significantly reduces the time spent on planning your investments. You can do complex calculations just at the click of a button.

                4.Enables Comparison of FDs

                The fixed deposit calculator can also be used to compare the many types of fixed deposit programmes offered by banks and other financial institutions. It is possible to determine which scheme delivers the best returns throughout the specified time period.

                5.Helps You Create a Sound Financial Plan

                Most importantly, having an estimation of the returns from an investment allows you to look at the bigger picture in life. You can simultaneously figure out other investment opportunities and diversify your portfolio to optimize the returns.

                Formula to determine FD maturity amount

                Calculating the maturity amount of an FD can be a complicated and time-consuming process. To help you calculate an FD maturity amount, one should make use of the FD interest calculator.

                However, it is important to know the formula to determine the FD maturity amount.

                The interest rates on FD is calculated using two methods - Simple Interest and Compound Interest. Depending on the deposit's term and size, banks may employ both. Here’s what an FD calculator does:

                1. Simple Interest

                This is a pre-fixed rate of interest at a fixed period of time. It is calculated by multiplying the rate of interest per annum, the principal amount, and the tenure in years.

                Simple Interest on Fixed Deposit

                • The formula of simple interest is P X R X T/ 100
                • Where P = invested amount
                • R = Rate of Interest
                • T = Time/ investment tenure

                Example on Simple Interest

                • Let’s understand the formula through an example.
                • Suppose Tooba invests INR 15,000 for 5 years, accumulating a fixed interest of 10%,
                • Then, as per the formula,
                • SI = 15,000 X 10 X 5/ 100
                • = INR 7,500
                • Making the maturity amount to be, 15,000 + 7,500 = INR 22,500

                2. Compound Interest

                Compound Interest on Fixed Deposit

                • The formula for compound interest is,
                • A = P (1+ r/n) ^ (nt)
                • Where A = Maturity amount,
                • P = Amount invested
                • R = Rate of Interest
                • N = Number of compounding in a year
                • T = Investment tenure

                Example on Compound Interest

                • Let’s say Indrani invests INR 15,000 for 5 years and earns an interest of 10% which is compounded quarterly, now as per the formula,
                • A = P (1+ r/n) ^ (nt)
                • = 15,000 (1 + 0.10/4) ^ (4X5)
                • = INR 24,579 (approximately)
                • The maturity amount can be calculated manually, using these formulas. However, it is recommended that you use an FD calculator online to save yourself from the hassle and complexities of the calculation process. It is not only time-consuming but complex. An FD calculator, on the other hand, would give you error-free results in a matter of minutes.

                How Does an FD Calculator Work?

                An FD calculator works on an algorithm that gives returns on the basis Investment amount, investment tenure and interest rate applicable. You just need to enter this information (as shown in the preview below) to calculate the amount you will be accumulating on maturity.

                thumbnail_fd_calc_5a94030a14_8e4e86778f.jpg

                FD deposit interest rates

                FdDepositInterestRatesData.png

                These deposits typically offer a higher rate of interest, subject to certain terms and conditions. The amount you deposit in an FD is locked for a predetermined period which usually varies between 7 days and 10 years. Fixed deposit tenure options can vary from one bank to another.

                The interest rate for FDs is fixed at the time of opening the deposit and independent of any fluctuations in the market. Some financial institutions even allow one to break their FDs prematurely by paying a certain penalty fee. The bank interest rate on a bank fixed deposit is pre-determined when the investment is made. Furthermore, it remains consistent over the investment duration. A few elements that influence fixed deposit interest rates are as follows:

                • The duration of the investment is a component that influences the interest rate; the longer an investor stays engaged, the greater the interest rate will be.
                • Senior citizens gets a higher rate of interest than the standard fixed deposit interest rates for regular individuals. The additional rate of interest for senior citizens also varies from one bank to another and can change anytime without any prior information. A preferred interest rate is the term for this extra interest. The age at which a person is deemed a senior citizen varies from one bank to the next.
                • The current state of the economy is also a direct determinant. To determine interest rates, financial institutions and banks evaluate economic variables such as the repo rate and inflation rate.

                How is interest on FD calculated?

                Knowing how FD interest is calculated can help you gain more from your investment. Once you know the process that is used to calculate the returns, here’s what you need to do to use the FD calculator:

                • Choose the category of citizen you fall under. For instance, senior citizen, non-senior citizen.
                • Select the sort of fixed deposit you like, such as cumulative or non-cumulative.
                • Select the amount of your fixed deposit.
                • Select the duration for the fixed deposit.
                • Enter other necessary variables as mentioned in the FD calculator

                The amount of interest earned, and the total amount earned at maturity will be displayed on the screen automatically.

                Is FD 100% Safe?

                is_fd_safe.png

                One of the most appealing aspects of a fixed deposit is the safety associated with the investment. This is what draws several investors to the idea of investing their money over a long term in a fixed deposit. So, if you are a risk-averse investor, it may be a favorable option for you since they only require a one-time deposit and are not subject to market volatility the way mutual funds might be.

                However, the final decision for investment depends on your financial profile, investment goals, risk-appetite, time of investment and other such factors. Using an FD interest calculator may be helpful for you if you need help deciding whether fixed deposits are a good choice for you.

                Step By Step Guide: How to Invest In FD?

                Here are the steps to follow when you are investing in a fixed deposit:

                1. Check FD Interest Rates

                It's important to keep in mind that the rate of interest on FDs varies from one financial institution to the next. NBFCs and small finance banks, for example, may offer a greater rate of interest than commercial banks. Senior citizens are also eligible for higher interest on their investments.

                2. Select a Tenure for the Investment

                An FD scheme typically has a term ranging from seven days to ten years. You should choose an appropriate deposit tenure based on your needs. Financial experts typically recommend investing in FDs across different tenures to spread out interest rate-related risks while also facilitating liquidity.

                3. Choose Interest Pay-out Frequency

                After you've decided on the FD tenure, you can choose how often you'd like to receive interest payments. In general, you can choose the pay-out frequency to be monthly, quarterly, half-yearly or annually. You can also choose to reinvest the FD earnings once they are compounded quarterly.

                4. Choose Deposit Mode

                Finally, figure out which deposit method works best for you. In general, most financial institutions allow FD holders to deposit funds using internet banking or by visiting their local branch. Once you have decided the deposit mode, the next step is to fill out an FD application form and invest in a scheme.

                feature-benefits-fixed-deposit.jpg

                Feature And Benefits Of Fixed Deposit

                Before making an investment decision, it is always wise to familiarize yourself with key features of the financial instrument. To understand what a fixed deposit is, you must first understand its primary characteristics and the advantages it offers. The following are the most important:

                1. Guaranteed Profits

                A fixed deposit's returns are guaranteed. You will receive the same rate of return that was agreed upon when the FD was opened. This is not the case with market-led investments, which provide returns depending on market interest rate swings. Even if interest rates fall, you will receive the same rate of interest that was agreed upon. As a result, the fixed deposit is more secure than other types of investments.

                2. Interest Rates

                A fixed deposit's interest rate fluctuates depending on the term you choose. It will also depend on the bank or the NBFC you choose to go with to open a fixed deposit account.

                3. Flexible Tenure

                A fixed deposit's term is variable and determined by the depositor. Each bank has its own minimum tenure requirements; nonetheless, the depositor has the last say. It is also possible to choose whether to redeem or extend the fixed deposit for the same amount of time.

                4. Investment Return

                The amount of interest you earn on a fixed deposit is determined by the FD's maturity duration or tenure. You will earn a greater interest rate if you have a longer tenure. Furthermore, the returns on your investment are determined by whether you choose to receive interest on a regular basis or reinvest the money, which is known as a cumulative FD. With this FD, you get the benefit of compounding. You can easily use an FD return calculator to determine the value of your investment.

                5. Loan secured by a certificate of deposit

                If you need money right away, you can take out a loan against your fixed deposit. This prevents your FD from being closed prematurely.

                6. Safe Investment

                Fixed-income securities are risk-free investments. FDs, unlike other investment options, are not based on market conditions. At the end of the maturity period, you will get a guaranteed sum of money. For risk-averse investors, this is an appealing investment.

                7. Disciplined Savings Habit

                Since fixed deposit accounts compel the holder to invest a lump sum amount for a set length of time, the holder will automatically save money in the long run. Hence, fixed deposits can also be considered an excellent savings vehicle. When you are planning your investments, you can use an FD calculator to determine the savings and return amount.

                8. Liquidity

                When you can readily turn an asset into cash, it is considered liquid. Although there will be a penalty, FDs can be withdrawn whenever they are needed. As a result, you'll always have a certain amount of money to fall back on.

                9. Hassle-Free Investment

                If you already have a savings account, you can open an FD with a few clicks or by going to your local branch. You don't have to bother about it after you open it until it grows. You can have your maturity instructions automatically renew or credit your account with the maturity proceeds.

                10. Tax Savings

                If you want to save money on taxes, choose a five-year tax-saving FD and take use of the deductions under Section 80C of the Income Tax Act.

                Fixed Deposit Eligibility Criteria

                The following entities are eligible to open an FD account in India:

                • Indian resident
                • NRI
                • Minors
                • Senior citizens
                • Companies
                • Partnership firms
                • Individuals or joint investors
                • Societies or clubs
                • Sole proprietorship

                Here are the documents Needed to Open Fixed Deposit Accounts:

                • Identity proof – Passport, PAN card, Voter ID card, Driving license, Government ID card, Photo ration card, Senior citizen ID card
                • Address proof – Passport, Telephone bill, Electricity bill, Bank Statement with Cheque, Certificate/ ID card issued by Post office

                You can visit the nearest branch of a bank that you have selected to open the FD with and get an application form. Or you can also download the application form from the official website of the bank.

                Factors to be Considered Using FD Interest Calculator

                Here are the factors that need to be considered when you are using an FD calculator:

                1. Deposit Amount:

                The amount that you deposit will affect your returns significantly. As your maturity returns include the interest, and interest on interest (also known as compound interest), a high amount would ensure greater returns. This is an important factor to consider. If you settle for a lesser amount, the returns might not need your financial goals. Ergo, ensure your deposit amount aligns with your financial goals.

                2. Deposit Tenure:

                The longer you keep your money invested in fixed deposits, the greater returns you earn. This is why, deposit tenure is a significant factor worth your consideration. The deposit tenure in a fixed deposit scheme can range from 7 months to 10 years. Ensure that the tenure you choose aligns with the return you are expecting. A fixed deposit scheme is usually ideal if you have long-term financial goals.

                3. Rate of Interest

                The rate of return affects both the amount you will be getting at maturity and the amount you enter in the Fixed deposit interest calculator. To maximize your returns, ensure that the fixed deposit scheme you choose offers you a high rate of interest.

                FD Interest Rate for Customers above 60 years

                To ease the financial living of individuals above 60 years of age, the fixed rate interest differs for senior citizens, i.e., individuals above the age of 60. Usually, senior citizens can get 0.25-0.5% more returns as compared to investors below the age of 60. This is because of the variation of interest rate for senior citizens. This variation differs from bank to bank and is not fixed.

                Frequently Asked Questions (FAQs)

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                What is the lock-in period of an FD?

                Investors can choose the length of their lock-in period for their FD accounts. The only way to get out of the investment before it matures is to pay a penalty on the guaranteed interest rate, which is nothing but a loss.

                Can I withdraw money prematurely from an FD?

                In most cases, closing an FD account or withdrawing partially before the end of the term incurs a penalty. The premature withdrawal penalty will vary from one bank to another.

                Is the FD calculator free of cost?

                Yes, anyone can access the fixed deposit calculator online without paying any charges.

                How will I receive the maturity amount from the FD?

                The bank will deposit the maturity amount, which includes both the principal and interest, into the linked savings account with the bank. If you do not have a savings account with the bank, you can give the bank instructions on how you would like to receive the maturity money.

                How often does the FD interest change?

                The FD interest rates are subject to change from time to time. The policy rate, often known as the repo rate, serves as a fundamental baseline for determining FD and lending rates. Simply put, the RBI raises repo rates during periods of high inflation in order to absorb money from the market and regulate credit availability.

                What is FD interest rate for Senior citizen?

                Fixed deposit interest rates for senior citizen vary from one bank to another. Usually, banks offer higher FD interest rates than regular individuals. FD interest rates for senior citizens depend on the deposit amount, deposit tenure and the bank that you opt for.

                What are the different types FD available?

                • Normal fixed deposits,
                • Tax saving fixed deposits
                • Senior citizen fixed deposits
                • Cumulative fixed deposits
                • Non- cumulative fixed deposits
                • Flexi fixed deposits

                How does FD Calculator help in future financial planning?

                A sizeable savings fund is the basis of a secure financial future. A lot of your financial planning, and financial decisions rests on savings. A fixed deposit calculator can help you reach your savings goals by telling you how much you need to invest to meet your ideal savings goals, thereby supporting your financial planning.

                How is the interest on Fixed Deposit (FD) calculated?

                The interest received on fixed deposit can be calculated both manually by using a formula and by using a fixed deposit interest calculator. The latter is a better option as it offers you accurate returns within a few clicks.

                Is there a penalty if the bank FD is prematurely withdrawn?

                Bank FDs come with a lock-in period that depends on the tenure of the fixed deposit. Some banks do charge a penalty if you withdraw the funds prematurely. This penalty varies from bank to bank, but usually ranges between 0.5 to 1%.

                What are the available options to auto-rollover/reinvest the bank FD proceeds?

                The auto-rollover or reinvestment allows the investor to extend their FD tenure. If the investor opts for this alternative, the maturity proceeds are reinvested for the same interest rate offered. Most banks now offer this facility. Kindly get in touch with your bank for accurate details.

                What is the minimum amount required to start a bank FD?

                The minimum amount required to start a bank FD varies from bank to bank. Usually, the minimum amount ranges between 100 to 1000 INR.

                How can I book a Fixed Deposit through NetBanking?

                Yes, you can book a fixed deposit through NetBanking. To do that, log in to your account and click “Open Fixed Deposits” option available on the portal. Enter the relevant details and select “Confirm”.

                Is the interest earned on a bank FDs taxed and how?

                No, the interest earned on bank FDs are free of taxes.

                ARN: PCP/FDC/050723

                *#Guaranteed benefits are applicable if all due premiums are paid.


                Source:

                www.rbi.org.in/commonman/English/Scripts/Notification.aspx?Id=82

                www.rbi.org.in/scripts/BS_CircularIndexDisplay.aspx?Id=3654

                www.incometaxindia.gov.in/Pages/tools/deduction-under-section-80c.aspx

                www.livemint.com/money/personal-finance/should-you-opt-for-auto-renewal-option-in-fixed-deposits-11603177548778.html

                www.livemint.com/money/personal-finance/should-you-opt-for-auto-renewal-option-in-fixed-deposits-11603177548778.html

                www.etmoney.com/help/fixed-deposit/withdrawal/how-will-i-get-the-maturity-amount-once-fd-gets-matured

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                BEWARE OF SPURIOUS PHONE CALLS AND FICTITIOUS/FRAUDULENT OFFERS

                IRDAI clarifies to public that:
                • • IRDAI is not involved in activities like selling insurance policies, announcing
                  bonus or investment of premiums.
                • • Public receiving such phone calls are requested to lodge a police complaint.

                IRDAI - Registration No. 104. ARN/Web/13122024 Category: Life. Validity: Valid.
                Corporate Identity Number (CIN): U74899PB2000PLC045626.
                Corporate Office: Axis Max Life Insurance Ltd. 11th Floor, DLF Square, Building, Jacaranda Marg, DLF Phase 2, Sector 25, Gurugram, Shahpur, Haryana 122002

                DISCLAIMERS

                Axis Max Life Insurance Limited (earlier known as Max Life Insurance Company Limited) is a Joint Venture between Max Financial Services Limited and Axis Bank Limited.

                Corporate Office: Axis Max Life Insurance Ltd. 11th Floor, DLF Square Building, Jacaranda Marg, DLF City Phase II, Gurugram (Haryana) - 122002.

                Operation Center: Axis Max Life Insurance Ltd, Plot No. 90C, Udyog Vihar, Sector 18, Gurugram (Haryana) - 122015.

                Customer Helpline: 1860 120 5577 (9:00 A.M to 6:00 P.M Monday to Saturday) * Call charges apply.

                Online Helpline - 0124 648 8900 (09:00 AM to 09:00 PM Monday to Saturday).

                Fax Number: 0124-4159397.

                Email ids: service.helpdesk@axismaxlife.com

                Website: www.axismaxlife.com

                Axis Max Life Insurance is integrated with licensed NBFC FinVu (Cookiejar Technologies Pvt. Ltd. for sharing policy details with regulated Financial Information Users within the Account Aggregator ecosystem after obtaining the Policy holder's consent. Read more about Account Aggregator framework here

                *Life insurance coverage is available in this product. For more details on risk factors, Terms and Conditions please read the prospectus carefully before concluding a sale. You may be entitled to certain applicable tax benefits on your premiums and policy benefits. Please note all the tax benefits are subject to tax laws prevailing at the time of payment of premium or receipt of benefits by you. Tax benefits are subject to changes in tax laws.

                Insurance is the subject matter of solicitation. For more details on the risk factors, Terms and Conditions, please read the sales and rider prospectus carefully before concluding a sale. Tax benefits are eligible for tax exemption on fulfilling conditions mentioned under Section 10(10D) of income tax act 1961. Tax exemptions are as per our understanding of law and as per prevailing provisions of income tax at 1961. Policy holders are advised to consult tax expert for better clarification /interpretation. Please note that all the tax benefits are subject to tax laws at the time of payment of premium or receipt of policy benefits by you. Tax benefits are subject to changes in tax laws. The monthly Income Benefit and Terminal Benefit may be taxable subject to extra premium being loaded at underwriting stage.

                Celeb disclaimer (if Rohit Sharma / Ritika Sajdeh image being used):

                The Brand Ambassadors as depicted herein, have endorsed only the Axis Max Life Insurance Products and are not in any manner endorsing Axis Bank Limited and / or any other Bank Partner of Axis Max Life Insurance and do not have any kind of association or relationship with Axis Bank Limited and / or any other Bank Partner of Axis Max Life Insurance

                Disclaimers for Market Linked Plans & Saving plans:

                THE UNIT LINKED INSURANCE PRODUCTS DO NOT OFFER ANY LIQUIDITY DURING THE FIRST FIVE YEARS OF THE CONTRACT. THE POLICYHOLDER WILL NOT BE ABLE TO SURRENDER/WITHDRAW THE MONIES INVESTED IN LINKED INSURANCE PRODUCTS COMPLETELY OR PARTIALLY TILL THE END OF FIFTH YEAR.

                Unit Linked Insurance Products (ULIPs) are different from the traditional insurance products and are subject to the risk factors. The premium paid in the Unit Linked Life Insurance Policies is subject to investment risks associated with capital markets and the NAVs of the units may go up or down based on the performance of fund and factors influencing the capital market and the insured is responsible for his/her decisions. Axis Max Life Insurance is only the name of the insurance company and Axis Max Life Online Savings Plan (UIN: 104L098V06) is only the name of the unit linked life insurance contract and does not in any way indicate the quality of the contract, its future prospects or returns. Please know the associated risks and the applicable charges from your Insurance agent or the Intermediary or policy document of the insurer. The various funds offered under this contract are the names of the funds and do not in any way indicate the quality of these funds, their future prospects or returns.

                Axis Max Life Online Savings Plan is a Unit Linked Non Participating Individual Life Insurance Plan (UIN: 104L098V06)

                *1The aggregate annualized premium should not be more than 5 lakhs (one or more policies put together) for non-linked non-par savings insurance plan in any given year of policy term to be eligible for Section 10 (10D) exemption.

                *3All claims that qualify for InstaClaim will be paid within 3 hrs from the date of submission of all mandatory documents else Axis Max Life will pay interest at prevailing Bank Rate as on beginning of Financial Year in which claim has been received for every day of delay beyond one working day. Interest shall be at the bank rate that is prevalent at the beginning of the financial year in which death claim has been received. Mandatory Documents: Original policy document; Original/attested copy of death certificate issued by local municipal authority; Death claim application form (Form A); NEFT mandate form attested by bank authorities along with a cancelled cheque of bank account passbook along with nominee's photo identity proof; Discharge/Death summary attested by hospital authorities or FIR & Post Mortem Report/Viscera Report (in case of accident death).

                *#Some benefits are guaranteed and some benefits are variable with returns based on the future performance of your Insurer carrying on life insurance business. The assumed rates of return (4% p.a. and 8% p.a.) shown in the illustrative example are not guaranteed and they are not the upper or lower limits of what you might get back as the value of your Policy depends on a number of factors including future investment performance. The guaranteed and non-guaranteed benefits are applicable only if all due premiums are paid. The Maturity Benefit shown in the illustrative example are inclusive/exclusive of taxes.

                Privacy Policy

                ^^On completion of policy term

                The savings indicated is the maximum premium difference as compared with offline plan & depends on the variant purchased.

                Claims for policies completed 3 continuous years. All mandatory documents should be submitted before 3:00pm on a working day. Claim amount on all eligible policies4 is less than Rs. 1 Crore. Claim does not warrant any field verification. Mandatory Documents:

                > Original policy document

                > Original/attested copy of death certificate issued by local municipal authority

                > Death claim application form (Form A)

                > NEFT mandate form attested by bank authorities along with a cancelled cheque or bank account passbook along with nominee’s photo identity proof

                > Discharge/Death summary attested by hospital authorities or FIR & Post Mortem Report/viscera report (in case of accidental death)

                1The 5% employee discount will be refunded to you once your policy is issued. Submit your documents for getting your policy issued and get 5% employee discount

                2Total premium will be charged at the time of the policy issuance (subject to underwriting’s decision).

                315% discount is applicable only on the first year premium for salaried employees with a corporate, purchasing Smart Term Plan Plus (UIN: 104N127V02). During policy issuance, Axis Max Life may call for proof of employment if required. In case proposer when asked is not able to prove the employment part, discount offer will be discontinued and additional premium as applicable will have to be paid for processing of the case. 15% discount (applied on standard male premium rates) is applicable for lifetime for females.

                4InstaClaim TM is available for all versions of (UIN: 104N125V07). Mandatory Documents:

                • Original policy document
                • Original/attested copy of death certificate issued by local municipal authority
                • Death claim application form (Form A)
                • NEFT mandate form attested by bank authorities along with a cancelled cheque or bank account passbook along with nominee’s photo identity proof
                • Discharge/Death summary attested by hospital authorities or FIR & Post Mortem Report/viscera report (in case of accidental death)

                5Criteria applicable only for “Term plans” for Graduate, Indian resident with declared income >= 10 lacs with CIBIL score >= 650 (salaried) and >= 700 (self-employed) with no disclosed medical condition

                6Applicable for Titanium variant of Axis Max Life Smart Fixed-return Digital plan (Premium payment of 5 years and Policy term of 10 years) and a healthy male of 18 years paying Rs. 30,000/- per month (exclusive of all applicable taxes) with 7.45% return. Life Insurance is available with this product

                7Available with Axis Max Life Smart Wealth Plan (UIN: 104N116V14)

                8Available with Axis Max Life Smart Fixed-return Digital Plan (UIN: 104N123V05). The guaranteed benefits are available with selected life insurance plans & are applicable if all due premiums are paid.

                9The percentage savings is for a regular pay Axis Max Life Smart Secure Plus Plan (A Non Linked Non Participating Individual Pure Risk Life Insurance Plan, UIN: 104N118V11)– Life Option for 1 Cr. life cover for a 35 year old, non-smoker male for a policy term of 40 years vs a 10 year policy term with the same details’

                ##Tax conditions :

                ##Save 46,800 on taxes if the insurance premium amount is Rs.1.5 lakh per annum and you are a Regular Individual, fall under 30% income tax slab having taxable income less than Rs. 50 lakhs and Opt for Old tax regime ~# Save 54,600 on taxes if the insurance premium amount is Rs.1.5 lakh per annum for life cover and 25,000 for critical illness cover and you are a Regular Individual, fall under 30% income tax slab having taxable income less than Rs. 50 lakhs and Opt for Old tax regime.

                CI Rider disclaimers:

                AXIS MAX LIFE CRITICAL ILLNESS AND DISABILITY RIDER (UIN: 104B033V02) available as a rider on payment of additional premium.

                >Extended cover of up to 85 years is available with gold and platinum variant only

                @64 critical illnesses covered in platinum and platinum plus variant on payment

                22 critical illnesses covered in gold and gold plus variant

                *^Total premiums paid inclusive of any extra premium but exclusive of all applicable taxes, cesses or levies and modal extra. Return of premium option is available on payment of additional premium.

                ~Conditions for premium break: Available at an additional premium for policies with policy term greater than 30 years and premium payment term greater than 21 years. Option to skip paying premium for 12 months. 2 premium breaks will be available during the premium payment term separated by an interval of at least 10 years

                ~1 Conditions for Special exit value:

                Option to receive all premiums paid back, at a specified point in the term of the policy (free of cost). Available when Return of Premium variant is not chosen. No additional premium to be paid.

                ~2 Voluntary Top-up Sum assured:

                Option to double your insurance cover, basis underwriting, at the time of your need by increasing your sum assured up to an additional 100% of base sum assured, chosen at inception

                ^^*^^Free look period conditions:

                The policyholder has a period of 30 days from the date of receipt of the policy document, to review the terms and conditions of the Policy, where if the policyholder disagrees to any of those terms or conditions, he / she has the option to return the Policy stating the reasons for his objections. The policyholder shall be entitled to a refund of the premiums paid, subject only to deduction of a proportionate risk premium for the period of cover and the expenses incurred by the company on medical examination of the lives insured and stamp duty charges.

                ^Individual Death Claim Paid Ratio as per audited financials for FY 2023-2024

                #1A flat 15% discount on the premium will be applicable throughout the Premium Payment Term for Female Life Insured with Axis Max Life Smart Term Plan Plus (UIN: 104N127V02).

                #3Tax benefits as per prevailing tax laws, subject to change

                Terms and conditions for availing 5% employee discount:

                <Due to system constraints, employee is requested to select 5 Lakh and above income which can be changed to actual amount on the information page.

                Past performance of the investment funds do not indicate the future performance of the same. Investors in the Scheme are not being offered any guaranteed / assured returns. The premiums & funds are subject to certain charges related to the fund or to the premium paid.

                The premium shall be adjusted on the due date even if it has been received in advance.

                For Total Installment Premium - Total Installment Premium is the Premium payable as per premium paying frequency chosen, it excludes GST and applicable taxes, cesses or levies, if any; and includes loadings for modal premiums, Underwriting Extra Premium and Rider Premiums if any.

                For Return of Premium - The Return of Premium Option is available on payment of Additional Premium. Premium does not include amount paid for riders and is excluding taxes, cesses and levies. Upon Policyholder's selection of Return of Premium variant this product shall be a Non-Linked Non-Participating Individual Life Insurance Savings Plan.

                For Riders - #Applicable Rider available on the payment of Additional Premium is Axis Max Life Critical Illness and Disability Rider | Non-Linked Non-Participating Individual Pure Risk Health Insurance Rider | UIN: 104B033V02. Critical Illness and Disability Rider variant opted is Platinum Plus which covers 64 critical Illnesses. The rider cover will only be paid in scenarios where customer is diagnosed with listed 64 critical illnesses or total and permanent disability. Rider will terminate after major critical illness claim is paid to the policyholder. In case customer requests for cancellation of rider only, the solution as a whole will be cancelled and not just the individual rider.

                For Additional Benefits– ##On Payment of Additional Premium. The accident cover will only be paid in scenarios where death occurs due to accident.

                *~Disclaimers

                Axis Max Life Smart Secure Plus Plan. A non-linked non-participating individual pure risk life insurance plan |Benefit available with special exit value -Total premium paid inclusive of any extra premium but exclusive of all applicable taxes, cesses or levies & modal extra. The premium calculated as per Standard premium for 30-year-old healthy male, non-smoker, 40 years’ policy term, 40 years’ premium payment term (exclusive of GST) for Axis Max Life Smart Secure Plus Plan.

                ##Policy continuance benefit is not available with lifelong wealth variant. **The accrued income will be accumulated on an annual basis at the prevailing reverse repo rate (publish on RBI’s website).

                #With “Save the date”, you can choose to take your annual income to any special date in a year.

                ***Available with early wealth variant. Income benefit will be paid as per selected plan terms.

                ~Accidental death benefit is available in call variants except for Single premium variant. Life insurance coverage is available in this product.

                #~Term Insurance plan bought online directly from Axis Max Life Insurance has no commissions involved.

                ~1Axis Max Life Smart Secure Plus Plan, A non-linked non-participating Individual Pure Risk Life Insurance Plan | Standard Premium for 30 year old healthy male, non-smoker, 40 years policy term, 40 year premium payment term (exclusive of GST) for Axis Max Life Smart Secure Plus Plan | ~1 Conditions for special exit value: Option to receive all premiums paid back, at a specified point in the term of the policy (free of cost). Available when Return of premium variant is not chosen. No additional premium to be paid. Option to receive all premiums back (exclusive of GST). Flexibility of exiting the plan early. Special Exit Value cover applicable till age 68 & above (of your age). T&C Apply.

                @>Axis Max Life Critical Illness and Disability Rider (UIN 104B033V02) is available on payment of additional premium. It covers 64 critical illnesses under Platinum & Platinum Plus variant

                #Available on Payment of Additional Premium. The accident cover will only be paid in scenarios where death occurs due to accident.

                ^1Disclaimer: Standard premium for 24-year old healthy male, non-smoker, 25 years policy term,25 year premium payment term (exclusive of GST) for Axis Max Life Smart Total Elite Protection Term Plan (UIN: 104N125V07) with a life cover of Rs. 50 lakh.

                ^2Disclaimer: Standard premium for 24-year old healthy male, non-smoker, 25 years policy term,25 year premium payment term (exclusive of GST) for Axis Max Life Smart Total Elite Protection Term Plan (UIN: 104N125V07) with a life cover of Rs. 75 lakh.

                ^3Disclaimer: Standard premium for 24-year old healthy male, non-smoker, 25 years policy term,25 year premium payment term (exclusive of GST) for Axis Max Life Smart Total Elite Protection Term Plan (UIN: 104N125V07) with a life cover of Rs. 1 Cr.

                ^4Disclaimer: Standard premium for 24-year old healthy male, non-smoker, 25 years policy term,25 year premium payment term (exclusive of GST) for Axis Max Life Smart Total Elite Protection Term Plan (UIN: 104N125V07) with a life cover of Rs. 1.5 Cr.

                ^5Disclaimer: Standard premium for 24-year old healthy male, non-smoker, 25 years policy term, 25 year premium payment term (exclusive of GST) for Axis Max Life Smart Total Elite Protection Term Plan (UIN: 104N125V07) with a life cover of Rs. 2 Cr.

                ^6Disclaimer: Standard premium for 24-year old healthy male, non-smoker, 25 years policy term, 25 year premium payment term (exclusive of GST) for Axis Max Life Smart Total Elite Protection Term Plan (UIN: 104N125V07) with a life cover of Rs. 5 Cr.

                ^7Disclaimer: Standard premium for 24-year old healthy male, non-smoker, 25 years policy term, 25 year premium payment term (exclusive of GST) for Axis Max Life Smart Term Plan Plus (UIN: 104N127V02) - Regular Cover with a life cover of Rs. 1 Cr.

                ~*Disclaimer: Standard premium for 24-year old healthy female,non-smoker, 25 years policy term, 25 year premium payment term (exclusive of GST) for Axis Max Life Smart Total Elite Protection Term Plan (UIN: 104N125V07)

                ^~Disclaimer: 5 year return (CAGR – Compound Annualised Growth Rate) from Max Life High Growth Fund (ULIF01311/02/08LIFEHIGHGR104) as on 31/07/2024

                ^~The assumed rates of return (4% p.a. and 8% p.a.) shown in the illustrative example are not guaranteed and they are not the upper or lower limits of what you might get back. The value of your policy depends on a number of factors including future investment performance. The amount shown is for a 30-year-old healthy male, with 10 years premium payment term, and 35 years policy term with Axis Max Life Online Saving Plan (Unit Linked Non Participating Individual Life Insurance Plan | Life Insurance is available in this product).

                *++Axis Max Life's Nifty Alpha 50 Fund tracks the NSE's Nifty Alpha 50 Index, subject to tracking error. The above values have been calculated by projecting historical returns of the Nifty Alpha 50 index, after adjusting for all expenses, except the tracking error, in Axis Max Life online savings plan (variant 1) for a 35-year-old male investing 10k per month for 10 years and maturity after 20 years. The calculations have been done using historical returns of the Nifty Alpha 50 index and may not be indicative of the future performance of Axis Max Life's Nifty Alpha 50 Fund. The above values have been calculated basis 10 year returns of 26.4% (30th Apr'24) of the Nifty Alpha 50 Index.

                *+Nifty Mid-cap 150 Momentum 50 Index was launched in Aug’22. These are returns of benchmark indices and are not indicative of return on Axis Max Life Insurance’s Midcap Momentum Index fund. 10 year return of NIFTY Midcap 150 Momentum 50 Index as on 27/05/2024. Max Life Midcap Momentum Index Fund (SFIN: ULIF02802/01/24MIDMOMENTM104) is passively managed Index Fund that mirrors NIFTY Midcap 150 Momentum 50 Index.

                *&10 year return of Nifty Smallcap 250 Quality 50 Index as on 30/04/2024. The past returns are extrapolation of index fund returns up to past 10 years using same formula (provided by NSE). The returns are not indicative of the future performance of the fund. Max Life Nifty Smallcap Quality Index Fund is passively managed Index Fund that mirrors Nifty Smallcap 250 Quality 50 Index. The objective of the fund is to invest in companies with similar weights as in the index and generate returns as closely as possible, subject to tracking error.

                ^*All claims that qualify for InstaClaim will be paid within 3 hrs from the date of submission of all mandatory documents else Axis Max Life will pay interest at prevailing Bank Rate as on beginning of Financial Year in which claim has been received for every day of delay beyond one working day. Interest shall be at the bank rate that is prevalent at the beginning of the financial year in which death claim has been received. Mandatory Documents: Original policy document; Original/attested copy of death certificate issued by local municipal authority; Death claim application form (Form A); NEFT mandate form attested by bank authorities along with a cancelled cheque of bank account passbook along with nominee's photo identity proof; Discharge/Death summary attested by hospital authorities or FIR & Post Mortem Report/Viscera Report (in case of accident death).

                @1Standard premium for 20-year old healthy male, non-smoker, 40 years policy term, 40 year premium payment term (exclusive of GST) for Axis Max Life Smart Total Elite Protection Term Plan (UIN: 104N125V07). The above mentioned premium is the discounted monthly premium to be paid in 1st year. Discount is applicable only for salaried employees with a corporate, purchasing via web link. During policy issuance, Axis Max life may call for proof of employment if required. In case proposer when asked is not able to prove the employment part, discount offer will be discontinued and additional premium as applicable will have to be paid for processing of the case. | ~1 Get back all the premiums paid with Special Exit value. This can be exercised in any policy year starting 30th policy year, but not during the last 4 policy years. Available for minimum policy term of 40 years. Benefit available with special exit value - the total premiums paid plus underwriting extra premiums paid plus loadings for modal premiums exclusive of any applicable taxes, cesses or levies. This feature shall be applicable on the base cover premium only and not for additional optional benefits like Accident cover, Joint life cover, any attached riders and Voluntary Sum Assured Top-Up.

                @2Standard premium for 20-year old healthy male, non-smoker, 40 years policy term, 40 year premium payment term (exclusive of GST) for Axis Max Life Smart Total Elite Protection Term Plan (UIN: 104N125V07). The above mentioned premium is the discounted monthly premium to be paid in 1st year. Discount is applicable only for salaried employees with a corporate, purchasing via web link. During policy issuance, Axis Max life may call for proof of employment if required. In case proposer when asked is not able to prove the employment part, discount offer will be discontinued and additional premium as applicable will have to be paid for processing of the case. | ~1 Get back all the premiums paid with Special Exit value. This can be exercised in any policy year starting 30th policy year, but not during the last 4 policy years. Available for minimum policy term of 40 years. Benefit available with special exit value - the total premiums paid plus underwriting extra premiums paid plus loadings for modal premiums exclusive of any applicable taxes, cesses or levies. This feature shall be applicable on the base cover premium only and not for additional optional benefits like Accident cover, Joint life cover, any attached riders and Voluntary Sum Assured Top-Up.

                #*Axis Max Life Insurance’s Sustainable Wealth 50 Index Fund (SFIN: ULIF03223/12/24SUSTWEALTH104), which is a passively managed Index Fund that mirrors Axis Max Life Sustainable Yield Index, subject to tracking error. The fund value calculation is done by projecting historical returns of Axis Max Life Sustainable Yield Index, after adjusting for all expenses (except tracking error) in Axis Max Life Flexi Wealth Advantage Plan (UIN: 104L121V03) for a 30-year-old male investing 5k/10k per month for 20/10 years. The above values have been calculated assuming 25.2% p.a. gross investment returns as in Nov'24, which is the 10-year return of Axis Max Life Sustainable Yield Index. (back tested).

                @3Standard premium for 20-year old healthy male, non-smoker, 25 years policy term, 25 year premium payment term (exclusive of GST) for Axis Max Life Smart Total Elite Protection Term Plan (UIN: 104N125V07)| The above mentioned premium is the discounted monthly premium to be paid in 1st year. Discount is applicable only for salaried employees with a corporate, purchasing via web link. During policy issuance, Axis Max life may call for proof of employment if required. In case proposer when asked is not able to prove the employment part, discount offer will be discontinued and additional premium as applicable will have to be paid for processing of the case.

                7Disclaimer: Rs. 1,00,29,587 after 14 years at policy maturity on monthly investment of Rs. 16,600 for 12 years for 30-year-old male with Axis Max Life Smart Wealth Plan – Long Term Variant. A non-linked non-participating individual life insurance savings plan. The guaranteed benefits are applicable only if all due premiums are paid. Total premiums paid is exclusive of GST. Life Insurance is available in this product.

                @4Standard premium for 20-year old healthy male, non-smoker, 25 years policy term, 25 year premium payment term (exclusive of GST) for Axis Max Life Smart Term Plan Plus (UIN:104N127V02)| The above mentioned premium is the discounted monthly premium to be paid in 1st year. Discount is applicable only for salaried employees with a corporate.

                @5Disclaimer: Standard premium for 20-year old healthy female, non-smoker, 25 years policy term, 25 years premium payment term (exclusive of GST) for Rebalancing Cover Variant of Axis Max Life Smart Term Plan Plus (UIN:104N127V02) Sum Assured of 1 Cr | The above mentioned premium is the discounted monthly premium to be paid in 1st year. Discount is applicable only for salaried employees with a corporate. During policy issuance, Axis Max Life may call for proof of employment if required. In case proposer when asked is not able to prove the employment part, discount offer will be discontinued and additional premium as applicable will have to be paid for processing of the case.

                @6Disclaimer: The policyholder will get back 200% of total premiums paid plus underwriting extra premiums paid plus loadings for modal premiums (if any) (excl. of GST), if the policyholder exercises this option at policy year (Policy Term-10) only. This option will not applicable for Regular Pay and Pay Till 60. The minimum policy term will be 40 years for special exit value.

                @7Disclaimer: Standard premium for 20-year old healthy male, non-smoker, 25 years policy term, 25 years premium payment term (exclusive of GST) for Rebalancing Cover Variant of Axis Max Life Smart Term Plan Plus (UIN:104N127V02)| The above mentioned premium is the discounted monthly premium to be paid in 1st year. Discount is applicable only for salaried employees with a corporate. During policy issuance, Axis Max Life may call for proof of employment if required. In case proposer when asked is not able to prove the employment part, discount offer will be discontinued and additional premium as applicable will have to be paid for processing of the case.

                @8Disclaimer: Standard premium for 20-year old healthy male, non-smoker, 25 years policy term, 25 year premium payment term (exclusive of GST) for Regular Cover Variant of Axis Max Life Smart Term Plan Plus (UIN: 104N127V02)| The above mentioned premium is the discounted monthly premium to be paid in 1st year. Discount is applicable only for salaried employees with a corporate, purchasing via web link. During policy issuance, Axis Max Life may call for proof of employment if required. In case proposer when asked is not able to prove the employment part, discount offer will be discontinued and additional premium as applicable will have to be paid for processing of the case.

                Disclaimer: ~10 year CAGR of Nifty SmallCap 250 Quality50 index as on 24/07/2023. Max Life Nifty Smallcap Quality Index Fund is passively managed Index fund that tracks the Nifty SmallCap 250 Quality50 index (subject to tracking error).

                Disclaimer: @2Standard premium for 20-year old healthy male, non-smoker, 40 years policy term, 40 year premium payment term (exclusive of GST) for Axis Max Life Smart Total Elite Protection Term Plan (UIN: 104N125V07). **The above mentioned is the discounted monthly premium to be paid in 1st year. Discount is applicable only for salaried employee with a corporate, purchased via web link | ~1Get back 4.67 Lakhs premiums paid under Special Exit value at 36th Policy Year. This can be exercised in any policy year starting 30th policy year, but not during the last 4 policy years. Available for minimum policy term of 40 years. Benefit available with special exit value - the total premiums paid plus underwriting extra premiums paid plus loadings for modal premiums exclusive of any applicable taxes, cesses or levies. This feature shall be applicable on the base cover premium only and not for additional optional benefits like Accelerated Critical Illness, Accident cover, Joint life cover, any attached riders and Voluntary Sum Assured Top-Up| ~Singapore, Hong Kong, New Zealand, Australia, Canada, UAE, Oman, Qatar, Saudi Arabia, Kuwait, Sri Lanka, Maldives, Fil, Brunei, Taiwan, Mauritius, South Korea, Bahrain, China, France, Germany, Switzerland, Austria, Hungary, USA, UK, Japan, Belgium, Denmark, Spain, Greece, Ireland, Luxemburg, Italy, Netherlands, Finland, Sweden, Norway.

                Disclaimer: @++ Axis Max Life’s NIFTY Momentum Quality 50 Fund (SFIN: ULIF03127/10/24MOMQUALITY104) is a passively managed Index Fund that mirrors NIFTY 500 Multicap Momentum Quality 50 Index, subject to tracking error. The fund value calculation is done by projecting historical returns of NIFTY 500 Multicap Momentum Quality 50 Index, after adjusting for all expenses (except tracking error) in Axis Max Life Online Savings Plan (UIN: 104L098V06) for a 30-year-old male investing 10k per month for 10 years. The above values have been calculated assuming 24.9% p.a. gross investment returns as on 16/10/2024, which is the 10-year return of NSE's NIFTY 500 Multicap Momentum Quality 50 Index (backtested)

                ~4Subject to submission of all documents required for GST waiver. GST waiver/refund is not applicable for ULIP plans.

                Disclaimer: **+NIFTY 500 Momentum 50 Index was launched in June'24. The past returns are back tested based on historical returns and formula (provided by NSE). These are returns of benchmark indices as on 11 June’24 and are not indicative of returns on Axis Max Life Insurance’s newly launched NIFTY 500 Momentum 50 Fund. Axis Max Life’s NIFTY 500 Momentum 50 Fund (SFIN: ULIF03014/08/24MOMENFIFTY104) is a passively managed Index Fund that mirrors NSE’s NIFTY 500 Momentum 50 Index, subject to tracking error. The fund value calculation is done by projecting historical returns of NSE’s NIFTY 500 Momentum 50 Index, after adjusting for all expenses (except tracking error) in Axis Max Life Online Savings Plan (UIN: 104L098V06) for a 30-year-old male investing 10k per month for 10 years. The above values have been calculated assuming 25% p.a. gross investment returns as on 11 June'24, which is the 10-year return of NSE's NIFTY 500 Momentum 50 Index (backtested).

                Disclaimer: #^Axis Max Life Smart Innovation Fund (SFIN: ULIF03301/03/25INNOVATION104), which is an actively managed fund does not have any past performance benchmarks. The above values have been calculated for a 35-year-old male investing 10k per month for 10 years assuming 20.8% p.a. gross investment returns basis 5 years’ performance of existing active fund with Axis Max Life Insurance, as on date 31st Jan'25 after adjusting for all expenses in Axis Max Life’s Capital Guarantee Plan which is combination of Axis Max Life Online Savings Plan (UIN: 104L098V06) and Axis Max Life Smart Wealth Advantage Guarantee Plan (UIN: 104N116V13). | Investors in this plan are not offered guaranteed/ assured returns. | The Unit Linked Insurance Products do not offer any liquidity during the first five years of the contract. The policyholder will not be able to surrender/withdraw the monies invested in Unit Linked Insurance Products completely or partially till the end of the fifth year. The premium shall be adjusted on the due date even if it has been received in advance. Applicable taxes, cesses and levies as imposed by the government from time to time will be deducted from the premiums received or from the funds, as applicable.

                Disclaimer: @$The Nifty500 Multifactor MQVLv 50 Index was launched in Feb’25. The past returns are back tested based on historical returns and formula (provided by NSE). These are returns of benchmark indices and are not indicative of return on Axis Max Life Insurance’s NIFTY 500 Multifactor 50 Index fund. Axis Max Life’s NIFTY 500 Multifactor 50 Index fund (SFIN: ULIF03414/05/25MULTIFACTO104) is a passively managed Index Fund that mirrors NSE’s Nifty500 Multifactor MQVLv 50 Index, subject to tracking error. The fund value calculation is done by projecting historical returns of NSE’s Nifty500 Multifactor MQVLv 50 Index, after adjusting for all expenses (except tracking error) Axis Max Life’s Online Savings Plan (UIN: 104L098V06)) for a 30-year old male investing 5K/10K per month for 10 years. The above return values have been calculated assuming 21% p.a. gross investment returns, which is the returns since inception of NSE's Nifty500 Multifactor MQVLv 50 Index (backtested) as on 24th April 2025. For FWAP, replace Axis Max Life’s Online Savings Plan (UIN: 104L098V06) with Axis max Life’s Flexi Wealth Advantage Plan (UIN: 104L121V04).

                Please note, while our website has been updated with the changed corporate name and brand identity, our product collaterals will be updated in due course. We regret any inconvenience caused.

                Disclaimer: *6Check the Total Premium amount against the respective monthly premium values in the below table.

                For Sum assured of 75 lakh, 1 crore, 1.5 crore and 2 crore, the below calculations are based on Axis Max Life Smart Total Elite Protection Term Plan (A Non Linked Non Participating Individual Pure Risk Life Insurance Plan, UIN:104N125V07). Monthly premium amounts are excluding GST and before any applicable discounts assuming Regular Pay and monthly payment mode..

                Age of Male ApplicantPremium Amount for Rs. 75 lakh Term PlanPremium Amount for Rs. 1 crore Term PlanPremium Amount for Rs. 1.5 crore Term PlanPremium Amount for Rs. 2 crore Term Plan
                SmokerNon-SmokerSmokerNon-SmokerSmokerNon-SmokerSmokerNon-Smoker
                18 Years (PPT: 67 years)1,488/Month
                Total Premium: 11.33 lakh
                930/Month
                Total Premium: 7.08 lakh
                1,500/Month
                Total Premium: 11.42 lakh
                938/Month
                Total Premium: 7.14 lakh
                2,251/Month
                Total Premium: 17.13 lakh
                1,407/Month
                Total Premium: 10.71 lakh
                2,675/Month
                Total Premium: 20.37 lakh
                1,672/Month
                Total Premium: 12.73 lakh
                25 Years (PPT: 60 years)1,966/Month
                Total Premium: 13.40 lakh
                1,228/Month
                Total Premium: 8.38 lakh
                2,054/Month
                Total Premium: 14.06 lakh
                1,284/Month
                Total Premium: 8.75 lakh
                3,081/Month
                Total Premium: 21.01 lakh
                1,926/Month
                Total Premium: 13.13 lakh
                3,607/Month
                Total Premium: 24.59 lakh
                2,255/Month
                Total Premium: 15.37 lakh
                35 Years (PPT: 50 years)3,182/Month
                Total Premium: 18.08 lakh
                1,989/Month
                Total Premium: 11.30 lakh
                3,592/Month
                Total Premium: 20.41 lakh
                2,245/Month
                Total Premium: 12.76 lakh
                5,388/Month
                Total Premium: 30.61 lakh
                3,367/Month
                Total Premium: 19.13 lakh
                5,947/Month
                Total Premium: 33.79 lakh
                3,717/Month
                Total Premium: 21.12 lakh
                45 Years (PPT: 40 years)5,971/Month
                Total Premium: 27.14 lakh
                3,732/Month
                Total Premium: 16.96 lakh
                6,629/Month
                Total Premium: 30.13 lakh
                4,143/Month
                Total Premium: 18.83 lakh
                9,944/Month
                Total Premium: 45.20 lakh
                6,215/Month
                Total Premium: 28.25 lakh
                12,546/Month
                Total Premium: 57.02 lakh
                7,841/Month
                Total Premium: 35.64 lakh
                55 Years (PPT: 30 years)11,656/Month
                Total Premium: 39.73 lakh
                7,285/Month
                Total Premium: 24.83 lakh
                13,719/Month
                Total Premium: 46.77 lakh
                8,574/Month
                Total Premium: 29.23 lakh
                20,578/Month
                Total Premium: 70.15 lakh
                12,861/Month
                Total Premium: 43.84 lakh
                26,160/Month
                Total Premium: 89.18 lakh
                16,350/Month
                Total Premium: 55.74 lakh
                60 Years (PPT: 25 years)16,846/Month
                Total Premium: 47.86 lakh
                10,529/Month
                Total Premium: 29.91 lakh
                19,966/Month
                Total Premium: 56.72 lakh
                12,479/Month
                Total Premium: 35.45 lakh
                29,949/Month
                Total Premium: 85.08 lakh
                18,718/Month
                Total Premium: 53.18 lakh
                37,689/Month
                Total Premium: 107.07 lakh
                23,555/Month
                Total Premium: 66.92 lakh

                 

                 

                Age of Female ApplicantPremium Amount for Rs. 75 lakh Term PlanPremium Amount for Rs. 1 crore Term PlanPremium Amount for Rs. 1.5 crore Term PlanPremium Amount for Rs. 2 crore Term Plan
                SmokerNon-SmokerSmokerNon-SmokerSmokerNon-SmokerSmokerNon-Smoker
                18 Years (PPT: 67 years)1,488/Month
                Total Premium payable: 11.33 lakh
                930/Month
                Total Premium payable: 7.08 lakh
                1,500/Month
                Total Premium payable: 11.42 lakh
                938/Month
                Total Premium payable: 7.14 lakh
                2,251/Month
                Total Premium payable: 17.13 lakh
                1,407/Month
                Total Premium payable: 10.71 lakh
                2,675/Month
                Total Premium payable: 20.37 lakh
                1,672/Month
                Total Premium payable: 12.73 lakh
                25 Years (PPT: 60 years)1,707/Month
                Total Premium payable: 11.64 lakh
                1,067/Month
                Total Premium payable: 7.28 lakh
                1,744/Month
                Total Premium payable: 11.89 lakh
                1,090/Month
                Total Premium payable: 7.43 lakh
                2,616/Month
                Total Premium payable: 17.84 lakh
                1,635/Month
                Total Premium payable: 11.15 lakh
                2,972/Month
                Total Premium payable: 20.26 lakh
                1,858/Month
                Total Premium payable: 12.67 lakh
                35 Years (PPT: 50 years)2,617/Month
                Total Premium payable: 14.87 lakh
                1,636/Month
                Total Premium payable: 9.29 lakh
                2,905/Month
                Total Premium payable: 16.50 lakh
                1,815/Month
                Total Premium payable: 10.32 lakh
                4,357/Month
                Total Premium payable: 24.76 lakh
                2,723/Month
                Total Premium payable: 15.47 lakh
                4,801/Month
                Total Premium payable: 27.28 lakh
                3,000/Month
                Total Premium payable: 17.05 lakh
                45 Years (PPT: 40 years)4,794/Month
                Total Premium payable: 21.79 lakh
                2,996/Month
                Total Premium payable: 13.62 lakh
                5,061/Month
                Total Premium payable: 23.00 lakh
                3,163/Month
                Total Premium payable: 14.38 lakh
                7,591/Month
                Total Premium payable: 34.50 lakh
                4,744/Month
                Total Premium payable: 21.56 lakh
                9,496/Month
                Total Premium payable: 43.16 lakh
                5,935/Month
                Total Premium payable: 26.98 lakh
                55 Years (PPT: 30 years)8,883/Month
                Total Premium payable: 30.28 lakh
                5,552/Month
                Total Premium payable: 18.93 lakh
                10,102/Month
                Total Premium payable: 34.44 lakh
                6,314/Month
                Total Premium payable: 21.52 lakh
                15,153/Month
                Total Premium payable: 51.66 lakh
                9,471/Month
                Total Premium payable: 32.29 lakh
                19,378/Month
                Total Premium payable: 66.06 lakh
                12,111/Month
                Total Premium payable: 41.29 lakh
                60 Years (PPT: 25 years)12,611/Month
                Total Premium payable: 35.83 lakh
                7,882/Month
                Total Premium payable: 22.39 lakh
                14,826/Month
                Total Premium payable: 42.12 lakh
                9,266/Month
                Total Premium payable: 26.32 lakh
                22,239/Month
                Total Premium payable: 63.18 lakh
                13,899/Month
                Total Premium payable: 39.49 lakh
                27,941/Month
                Total Premium payable: 79.38 lakh
                17,463/Month
                Total Premium payable: 49.61 lakh