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Axis Max Life Insurance Group Critical Illness (Additional Benefit) Premier Rider
Axis Max Life Group Critical Illness (Additional Benefit) Premier Rider (UIN: 104B031V03) is a non-linked, non-participating, group health rider that helps insured employees to avail a Critical Illness Sum Assured on diagnosis of a covered Critical Illness. It financially protects corporate employees and their families by providing them with a lump sum benefit.
Therefore, it is imperative for organisations to go the extra mile to protect your employees and provide financial security to their families.
Trust of 20+ Years in Industry
Written byLakshey Bahl
Insurance Writer
Published 31st March 2026
Reviewed byVaibhav Kumar
Last Modified 6th April 2026
Insurance Domain Expert
Axis Max Life Group Critical Illness (additional benefit) Premier Rider at a Glance
The following are the criteria and key details of Axis Max Life Group Critical Illness (Additional Benefit) Premier Rider:
| Parameters | Details | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Type of Rider | A Non Linked Non Participating Group Pure Risk Health Insurance rider | ||||||||||||
| Coverage Type | All Members of Employer-Employee and non-Employer Employee group schemes in accordance with the Board-Approved Underwriting Policy | ||||||||||||
| Minimum Entry Age (age as on last birthday) | 18 years | ||||||||||||
| Maximum entry age (age as on last birthday) | 65 years | ||||||||||||
| Premium modes | The premium payment mode for the rider is the same as the base policy's premium payment mode. This rider allows annual, half-yearly, quarterly, and monthly premium paying modes. The modal factors are as follows:
| ||||||||||||
| Rider Term | 1 year | ||||||||||||
| Minimum Annualized Premium | Minimum premium per member is subject to the minimum Rider Sum Assured per member and applicable premium rates. The minimum premium available under the rider for a Sum Insured of Rs. 10,000 for member aged 18 years before allowing for any discount is Rs.3 for male and Rs. 3.2 for female. | ||||||||||||
| Maximum Annualized Premium | No Limit, subject to Board-approved underwriting policy of the Company. The premium pertaining to health-related or critical illness riders shall not exceed 100% of the premium under the base product, and the premiums under all other life insurance riders put together shall not exceed 30% of premiums under the base product | ||||||||||||
| Rider Sum Assured | Minimum: Rs 10,000 per member Maximum: Rs 50 lakhs per member, subject to: (a) Rider sum assured not exceeding the sum assured on death under the base plan of the scheme member and (b) Rider premium not exceeding the premium under base plan of the scheme member. | ||||||||||||
| Death Benefit | This rider does not offer any death benefit. | ||||||||||||
| Grace Period | A grace period of 30 days from the due date for payment of each premium will be allowed for half-yearly and quarterly modes. A grace period of 15 days will be allowed for the monthly mode. During the grace period, the Company will accept the premium without interest. |
Critical Illnesses Covered by Axis Max Life Group Critical Illness (Additional Benefit) Premier Rider
Axis Max Life Group Critical Illness (additional benefit) is payable to the member insured on request, being received from the policyholder only in respect of the first incidence in the lifetime. This additional benefit is payable if the life insured is diagnosed during the period of the cover under one of the 12 specified critical illnesses as defined below.
The insured member must also survive at least 30 days from the date of first diagnosis. The following critical illnesses are covered under this rider:
- Cancer of specified severity
- First heart attack - of specified severity in the lifetime of life insured
- Open chest CABG
- Open heart replacement of repair of heart valves
- Come of specified severity
- Kidney failure requiring regular dialysis
- Stroke resulting in permanent symptoms
- Major organ/bone marrow transplant
- Permanent paralysis of limbs
- Multiple sclerosis with persisting symptoms
- Alzheimer’s disease requiring constant supervision
- Blindness
Axis Max Life Group Critical Illness (Additional Benefit) Premier Rider Exclusions
Critical illness premier rider benefit shall not be paid on any claim occurring as a result of or under any of the following conditions:
- Any congenital conditions
- Intentional self-inflicted injury, attempted suicide, while sane or insane
- Alcohol or Solvent abuse or taking of Drugs, narcotics or psychotropic substances unless taken in accordance with the lawful directions and prescription of a registered medical practitioner
- War, invasion, act of a foreign enemy, hostilities (whether war be declared or not), armed or unarmed truce, civil war, mutiny, rebellion, revolution, insurrection, military or usurped power, riot or civil commotion, strikes
- Participation by the insured person in a criminal or unlawful act with criminal intent
- Engaging in or taking part in professional sport(s) or any hazardous pursuits, including but not limited to diving, riding, or any kind of race; underwater activities involving the use of breathing apparatus or not; martial arts; hunting; mountaineering; parachuting; bungee-jumping
- The radioactive, explosive, or hazardous nature of nuclear fuel materials or property contaminated by nuclear fuel materials or an accident arising from such nature
Axis Max Life Group Critical Illness (Additional Benefit) Premier Rider: Important Details
The following are the key details of Axis Max Life Group Critical Illness (Additional Benefit) Premier Rider:
- For groups with 50 or fewer members, coverage in respect of all members will be subject to individual underwriting as per the Board-approved Underwriting Policy of the Company.
- For groups with more than 50 members, 50% of the Free Cover Limit applicable under base life cover is applicable up to a maximum of Rs. 25 Lakhs. For the Rider sum assured in excess of this free cover limit, all members will be subject to individual underwriting as per the Board-approved Underwriting Policy of the Company.
- Waiting Period for the rider is 90 days from the Date of Commencement of Risk under the Rider or the date of revival of the Rider, whichever is later. The waiting period shall apply to all members of a new group or to new members of an existing group. The waiting period shall not apply to those existing members of a renewing group who have already completed their waiting period fully.
- The Critical Illness benefit is payable only in respect of the first incidence in the lifetime of the Life Insured of one of the 12 specified Critical Illnesses and only once during the lifetime of the member.
- Lives above the Free Cover Limit will be underwritten as per the Board-approved Underwriting Policy of the Company.
Download Rider-related Documents
Rider Prospectus 
Format: PDF|Size: 1 MB|Language: English
Rider Leaflet
Format: PDF|Size: 3 MB|Language: English
FAQs about Axis Max Life Group Critical Illness (Additional Benefit) Premier Rider
What is the minimum and maximum age for the Axis Max Life Group Critical Illness (additional benefit) premier rider?
The minimum entry age for Axis Max Life Group Critical Illness (additional benefit) premier rider is 18 years, and the maximum age is 65 years (as on last birthday).
Is there any death benefit with the Axis Max Life Group Critical Illness (additional benefit) premier rider?
No. Axis Max Life Group Critical Illness (additional benefit) premier rider offers no death benefit.
What is the maximum sum assured with Axis Max Life Group Critical Illness (additional benefit) premier rider?
The maximum rider sum assured is Rs. 50 lakh per member. Also, it is subject to a rider premium not exceeding the premium under the base plan of the scheme member.
How many critical illnesses are covered under the Axis Max Life Group Critical Illness (additional benefit) premier rider?
There are a total of 12 specified critical illnesses covered under this rider, such as cancer, heart attack, open chest CABG, and more.
ARN: PDP/GCIABPR/110326
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