Axis Max Life Insurance
Term Insurance
Investment Plans
Healthcare Plans
NRI Plans
Calculators
Select a method to track policy

If you have recently calculated a quote of Axis Max Life insurance product(s), your e-Quote number can be found in email / SMS sent.

Join as Advisor
Individual IconIndividualNon-Individual Icon
Non-IndividualHUF / Partnership / Employer-Employee / Keyman

MAIN CATEGORY

Life Insurance PlansSide Arrow Icon

    ResourcesArrow Down Icon
    • Gold Rate
    • Check CIBIL Score
    • Branch Locator
    • Blogs

    Claim CentreSide Arrow Icon

      Renew PolicySide Arrow Icon

        Become a Life AdvisorSide Arrow Icon

          About UsSide Arrow Icon

            Contact UsSide Arrow Icon

              Continue Your JourneySide Arrow Icon

                Web StoriesArrow Down Icon
                • Income Tax Rules Changes
                • Home>
                • Health Insurance Plans
                • Types of Health Insurance Plans
                • Benefits of Health Insurance Plans
                • Why Do You Need Medical Insurance?
                • How to Buy an Online Health Insurance Plan?
                • Who Should Buy Health Insurance Plans?
                • Health Insurance Plan Eligibility Criteria
                • Customer Reviews
                • Related Articles
                • Customer Rating
                stickyImage

                Health Insurance Plans

                Ensure Financial Protection of Your Family
                @ ₹876/Month@8 for 2 Cr. Life cover

                Health insurance is meant to provide financial cover against hospitalization costs, prescription fees, medical bills, etc. With soaring
                medical bills and hospitalization costs, buying health insurance has become more than just an option; it has become a necessity if you seek the best medical care without worrying about the financial strain it might bring on your wallet. One can get health insurance against regular premium payments. These premiums depend on age, medical conditions, coverage, policy term, etc. Ensure that you find the best health insurance plans and additional riders that meet all your future medical requirements.
                ...Read More

                stickyImage
                Tax savings
                up-to Rs 46,800##
                stickyImage
                Additional
                Critical Cover@>
                stickyImage
                Guaranteed*#
                Returns
                stickyImage
                99.65%^
                Death Claims Paid Ratio
                Ensure Financial Protection of Your Family
                @ ₹876/Month@8 for 2 Cr. Life cover
                stickyImage

                Health insurance is meant to provide financial cover against hospitalization costs, prescription fees, medical bills, etc. With soaring
                medical bills and hospitalization costs, buying health insurance has become more than just an option; it has become a necessity if you seek the best medical care without worrying about the financial strain it might bring on your wallet. One can get health insurance against regular premium payments. These premiums depend on age, medical conditions, coverage, policy term, etc. Ensure that you find the best health insurance plans and additional riders that meet all your future medical requirements.
                ...Read More

                All fields are Mandatory

                Select Country

                image chevron_down_navigate_7dd1121f7c

                Select options

                Health Insurance Plans by Axis Max Life

                Image for the 64 Critical Illness<sup>@></sup>
                64 Critical Illness@>
                Check Premium
                Image for the Term Insurance Calculator
                Term Insurance Calculator
                Plan Changing Soon
                Image for the ₹1 Crore Term Plan
                ₹1 Crore Term Plan
                Plan Changing Soon
                Image for the ₹2 Crore Term Plan
                ₹2 Crore Term Plan
                Plan Changing Soon
                Image for the Term Plans for NRI
                Term Plans for NRI
                Image for the ₹ 3 L Premium Back^
                ₹ 3 L Premium Back^

                View in (हिन्दी)

                Profile picture of the Kriti Arora

                Written by

                Kriti Arora
                Profile picture of the Kriti Arora

                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

                Bhaskar Sinha
                Profile picture of the Bhaskar Sinha

                Bhaskar Sinha

                Insurance Expert

                8+ years of experience in Life Insurance with expertise in Developing Life and Health Products, Digital Sales, Conducting effective trainings and Key Account Management.

                What Is Health Insurance?

                Health insurance plans in India are basic indemnity-based insurance products, which are specifically designed to provide financial assistance against medical expenses incurred in case of hospitalization or critical illnesses.

                ●    

                Health insurance in India is a contract between an insurance provider and a customer which promises the insurer to pay for the medical bills if the policyholder is injured or sick in the future, resulting in hospitalization.

                ●    

                Health insurance covers medical expenses, which includes hospitalization & treatment charges along with surgeries or any other medical cost.

                ●    

                Generally, insurance companies who provide the best health insurance plan in India are associated with a vast network of hospitals, which ensures convenient cashless treatment for the policyholders.

                ●       

                Furthermore, a health insurance policy also helps you cope with the work-pay loss while undergoing treatment, which may otherwise cause imbalances in your family finances. In other words, having coverage with the best health insurance in India will enable you to opt quality medical treatment without burdening your savings.

                calculatorBannerImg
                Family's Financial Planning Starts Here
                calculatorBannerTickIcon

                High life coverat affordable premiums

                calculatorBannerTickIcon

                Death Claim Paid Ratio99.65%^

                calculatorBannerTickIcon

                Worldwide Claims

                calculatorBannerTickIcon

                Coverage against64 critical illnesses@

                Term Plan Calculator

                Secure your future in just 5 minutes

                35yrs
                18yrs
                25yrs
                35yrs
                45yrs
                55yrs
                60yrs
                65yrs

                Premium starting at
                Inclusive of GST
                ₹ /month*6

                Types of Health Insurance Plans

                The best health insurance in India is the one that can adequately satisfy your specific financial needs. To be able to make an informed decision before purchasing, you must know the many types of health insurance plans in India, such as:

                • Cancer insurance plans
                • Critical Illness benefit
                • Individual health insurance plan
                • Family Floater Health Plan
                • Group Health Cover

                Let us take a closer look at these plans in detail:

                Cancer Insurance Plans

                Cancer Insurance plans help tackle the medical treatment expenses in case you are diagnosed with cancer. These plans provide comprehensive protection against all stages of Cancer. You receive a portion of the cover paid upfront upon diagnosis of cancer at an early stage, while all the future premiums are waived. If cancer is detected at a major stage, you may receive the full cover amount with an additional income for a specific period.

                Critical Illness Plans

                Along with the best health insurance in India, you can get a critical Illness plan/benefit that helps you avail comprehensive financial protection in the form of payouts upon diagnosis of any life-threatening ailments. Unlike health insurance companies, Axis Max Life Insurance offers Critical Illness Benefit as an add-on feature with its Axis Max Life smart secure plus plan, which is a term plan.

                Individual Health Insurance Plan

                An Individual Health Insurance Plan provides financial protection against health expenses incurred by an insured individual. These health insurance plans in India cover for surgical and hospitalization expenses (for up to the cover limit as per the plan). The premium payable for an individual health insurance plan in India is decided based on the age and medical history of the individual purchasing the plan.

                Family Floater Health Insurance Plan

                If you wish to purchase the best health insurance in India for your entire family (including spouse, children and parents) under a single plan, then you may choose a Family Floater Health Policy. The family members are covered against hospitalisation and surgical expenses under the family floater health insurance plan. The premium payable for a family floater health plan is calculated based on the age of the eldest family member. You can use the health insurance premium calculator to estimate the sufficient cover and premium for you and your loved ones. It will help you get excellent benefits at affordable prices with the best health insurance plan in India.

                Group Health Insurance Plan

                Group Health Insurance policy in India is usually purchased by employers for their employees. When you opt for the best health insurance company in India, the premium payable under a group health insurance plan is usually standardized and offer the same set of benefits to all the employees covered under the plan
                Types-Health-Insurance-Plans.webp

                Benefits of Health Insurance Plans in India

                Health insurance plans provide comprehensive coverage against the medical costs associated with the treatment of life-threatening ailments such as cancer and other medical emergencies. With comprehensive health insurance coverage, you can protect your finances while your medical insurance plan takes care of the high medical bills, hospitalization, and other treatment expenses. Here are a few benefits of investing in the best health insurance policy in India

                benefits-of-health-insurance-plans.webp

                1. Comprehensive Coverage Against Medical Treatment Expenses

                Having health insurance enables you to receive the best possible care in case of a medical emergency, without putting any strain on your savings. In other words, the best health insurance company in India will offer comprehensive protection against medical costs, which may increase rapidly depending upon the situation. A helpful online health insurance tip

                2. Additional Financial Protection Against Critical Illnesses

                Some of the health insurance company in India offer critical illness insurance protection, either as a rider add-on or as a standalone health insurance policy. Having health insurance coverage, together with critical illness cover, provides financial protection against several life-threatening ailments such as kidney failures, cardiovascular issues, bone marrow transplants, stroke, and accidental dismemberment. Common critical illnesses covered under Axis Max Critical Illness & Disability Rider include:

                • Cancer of Specified Severity (malignant tumor)
                • Angioplasty
                • First Heart Attack – of Specified Severity
                • Open Heart Replacement or Repair of Heart Valves
                • Surgery to Aorta
                • Cardiomyopathy
                • Primary Pulmonary Hypertension
                • Open Chest CABG
                • Blindness
                • Chronic Liver disease

                In case you are diagnosed with a critical illness included under the predetermined list of your health insurance policy, you are eligible to receive a significant amount as a lump sum.

                In case you are diagnosed with a critical illness included under the predetermined list of your health insurance policy, you are eligible to receive a significant amount as a lump sum. You can utilize this amount to meet your daily expenses, illness-related treatment costs, and any other requirements.

                3. Avail of Cashless Treatment Across Leading Network Hospitals

                The health insurance plans in India, also offer cashless claim facilities across any of the leading hospitals in the country. In cashless treatment, the treatment costs are borne by your health insurance provider as they directly settle the hospitalization expenses with on your behalf.

                To avail of cashless treatment benefits, however, you have to seek admittance at any of the network hospitals as prescribed under your health insurance policy. Furthermore, you may have to fill out a pre-authorization form and provide your health insurance card to avail of the cashless treatment facility

                4. Significant Tax Saving Benefits4

                To promote awareness and access to comprehensive health insurance plans to the masses, the government offers significant tax-deductions on the premium paid towards the health insurance policy.

                Axis Max Life Secure Earnings & Wellness Advantage (SEWA) Plan offers similar tax benefits on investment along with health insurance cover and investment benefits.

                Accordingly, the premium paid towards your health insurance policy is eligible for tax deduction under Section 80D as per income tax act 1961 . The quantum of tax deductions under your medical insurance plan is as below:

                1. a) If you purchase health insurance coverage for your spouse, children and yourself, you can save up to Rs 25,000 as tax deductions.
                2. b) By including your parents (below 60 years of age) under your health insurance coverage, you can avail of additional tax deductions up to Rs. 25,000, to take your total tax savings up to Rs. 50,000
                3. c) In case your parents are ageing 60 years or above, the total amount of tax savings may increase up to Rs. 75,000
                4. d) You can also avail of a deduction of Rs. 5000 towards payment of preventive health check-up of your spouse, dependent children, parents and yourself
                Covered IndividualsExemption LimitHealth Check up Exemption LimitTotal Deduction under Section 80D
                Self, spouse and dependent childrenRs 25,000Rs.5,000Rs. 25,000
                For self and family including parents (all under 60 years of age)Rs. 25,000 + Rs. 25,000Rs.5,000Rs. 50,000
                For self, family including senior citizen parentsRs. 25,000 + Rs. 50,000Rs. 50,00Rs. 75,000
                For self and family members including parents (all above 60 years of age)Rs 50,000 + Rs. 50,000Rs. 50,000Rs. 1 Lakh

                *Note: The maximum deduction for preventive health check-ups, of up to Rs 5,000 shall be allowed for payment made towards such health check-up of your spouse, dependent children, parents and self, under Section 80D

                4Tax benefits as per prevailing tax laws, subject to change

                Optional Add-Ons in Health Insurance

                With the rise in life-threatening diseases that can put a significant dent in your finances, opting for add-ons over and above your base health insurance plans can come handy in managing health related emergencies. Some life-threatening diseases such as critical illnesses that include cardiovascular diseases, stroke, cancer, and kidney failure require a separate cover so that you can avail the best form of treatment for such ailments without stressing about the cost of getting treated.

                A Critical Illness and Disability Rider(A Non-linked Non-participating Individual Pure Risk Premium Health Insurance Ride| UIN:104B033V01)is an important add-on in health insurance that offers a critical illness insurance for increased financial security and well-being as well as creating a pool of wealth for your future. Some extended benefits on this rider include:

                • Covers 64 kinds of critical illnesses
                • Offers permanent and temporary disability cover
                • Provides comprehensive coverage for all kinds of health emergencies above your base health insurance plans
                • Premiums paid for this rider are flexible
                • Avail an extended coverage period up to 85 years for two variants of this rider

                A wellness benefit that ensures a discounted renewal premium basis the number of steps you walk or run

                Why Do You Need Medical Insurance?

                A comprehensive health insurance policy or medical insurance not only helps take care of the medical bills but can also provide coverage for other medical tests, treatments and procedures as per your need. With the best health insurance policy in India included in your financial plan, you can avail of sufficient financial coverage in any dangerous situation.

                Having health insurance is a crucial decision for several reasons. In the absence of health insurance coverage:

                • You are likely to utilize all of your savings while undergoing medical treatment and end up with a fiscal burden
                • You may have to opt for a sub-optimal treatment in case you do not have sufficient savings to take of the expenses

                On the other hand, some of the best health insurance plans in India provide:

                • Comprehensive coverage benefits that outweigh the costs of buying health insurance
                • Tax savings under Section 80D on the premium payable for health insurance coverage
                • Financial assistance to cover treatment, pre-and post-hospitalization expenses within the coverage tenure

                How to Choose the Best Health Insurance Plan in India?

                When choosing a health insurance plan in India, it's important to consider the following factors:

                •  Coverage: Make sure the plan covers the medical treatments and procedures that you may need in the future.
                •  Network of hospitals: Check if the hospitals you prefer to visit are covered under the plan's network.
                •  Premium: Compare the premium of different plans and choose one that fits your budget.
                •  Co-payments and deductibles: Check if the plan has co-payments and deductibles and if you are comfortable with them.
                •  Renewability: Check if the plan is renewable for life or if there's a maximum age limit for renewals.
                •  Pre-existing conditions: Check if pre-existing conditions are covered under the plan and if there's any waiting period for coverage.
                •  Claim settlement ratio: Check the claim settlement ratio of the insurance company before choosing a plan.
                •  Add-on covers: Check if the plan offers add-on covers such as personal accident cover, critical illness cover, etc.
                •  Family coverage: If you are looking for a family health insurance plan, check the plan's coverage for children and the number of members it covers.

                How to Purchase Health Insurance in India?

                In India, there are several ways to enroll in health insurance:

                •  Online: You can purchase health insurance policies online through the official website of insurance companies, insurance aggregator websites, or through the official government websites like the National Health Insurance Scheme (NHIS).
                •  Agents: You can also purchase health insurance policies through insurance agents, who can guide you through the process and help you choose the right plan.
                •  Offline: You can also purchase health insurance policies offline by visiting the office of the insurance company or through the agent.

                To enroll in health insurance, you will need to provide certain documents such as ID proof, age proof, and address proof. You may also need to undergo a medical test depending on the plan you choose.

                Once you have provided all the necessary documents and completed the medical examination (if required), you need to pay the premium, and the insurance company will issue you a policy document.

                How to Buy an Online Health Insurance Plan?

                Buy-Online-Health-Insurance-Plan.webp

                The primary purpose of health insurance plans in India is to provide comprehensive financial coverage to you and your family members. Thus, you need to make sure that you are choosing a health insurance policy with sufficient coverage and cost-effective premiums payable.

                Here is how you can purchase online health insurance coverage

                • Fill in your details for a life/ health insurance plan/ cancer plan
                • Add the amount of critical insurance/ cancer insurance coverage (or sum insured) that you need with your online health insurance
                • Use an online health insurance premium calculator to arrive at the premium amount payable based on your age, gender, lifestyle preferences, chosen health insurance coverage (or Sum Insured) and Maximum Coverage Age.

                Choose the maximum medical insurance coverage tenure as the chances of contracting a critical illness increases with age.

                Who Should Buy Health Insurance Plans?

                Buying a health insurance policy for yourself and your loved ones is a crucial financial decision. Resorting to medical insurance has become a necessity because of how expensive medical care is, especially in today’s fast-paced lifestyle-driven world.

                Therefore, if you are a salaried or self-employed individual who has dependents to take care of, you must invest in a health insurance policy. Using a health insurance premium calculator will give you a better understanding how your profession may impact the health insurance coverage required. Furthermore, buying the health insurance plan becomes essential if:

                • Your age lies between 25 to 65 years
                • You want to make sure that your family remains protected during a medical crisis
                • You also want to maximize your tax savings beyond the limit offered under Section 80C of the Income Tax Act (health insurance premiums are tax-deductible under Section 80D of the Act),tax benefits as per prevailing tax laws, subject to change
                • You are a Resident Indian National [NRIs (Non-Resident Indians), PIOs (Persons of Indian Origin), OCIs (Overseas Citizenship of India) or foreign nationals of Indian Origin cannot purchase health insurance plans in India]

                Factors Affecting Your Health Insurance Premium

                The fast-paced lifestyle that we live today, with so many stressors around us, some unhealthy habits that we adopt might become a roadblock in availing a good health insurance policy. The cost of health insurance plans and the premium amount paid varies significantly for insurers and the insured based on a number of factors:

                factors-affecting-health-Insurance-premium.webp

                1. Smoking Status

                Your smoking status makes for a huge contributing factor that affects your premium amount as regular smokers are more prone to health diseases and conditions like lung cancer, heart diseases, respiratory disease and more. This vulnerability to a range of ailments affects your health insurance premium amount and you are required to pay a higher price.

                2. Alcoholism

                Individuals with regular and extreme drinking habits may have to pay higher premiums to get financial security. This is because excessive drinking has been linked to cases of renal and liver disease, high blood pressure, and other serious health issues.

                3. Gender Impact

                Gender is another factor that can impact premium rates for insurance policies. Typically, women have a longer lifespan than men which makes the premium rates comparatively lower for them.

                4. Age

                As an individual reaches a certain age, they become susceptible to age-related diseases and medical supervision that adds up to the cost of your health insurance plan.

                5. Family Medical History

                Some people have a medical history of certain diseases that are passed on to new generations. Such predispositions put some people at a greater risk for diseases. This is also a factor that affects your health insurance premiums.

                6. Occupation

                Individuals exposed to a stressful or dangerous working environment have higher chances of developing a disease or illness. In case your occupation makes you susceptible to accidents, it can affect your premium rates.

                7. Pre-Existing Diseases

                Before purchasing a health insurance policy, if you are diagnosed with an ailment, your premium amounts will be higher and requires a set waiting period to avail claims against treatment of such diseases.

                Cost and Coverage of Health Insurance in India

                The cost and coverage of health insurance in India vary depending on the plan and the insurance company.

                •  Cost: The premium for health insurance in India can range from a few thousand rupees to tens of thousands of rupees per year, depending on factors such as the age of the policyholder, the type of plan, and the coverage offered.
                •  Coverage: The coverage offered by health insurance in India can include hospitalization expenses, pre- and post-hospitalization expenses, day care procedures, and more. Some plans also include coverage for critical illnesses and personal accident.

                It's important to note that most health insurance plans in India have sub-limits, which means that they have a limit on the amount they will cover for specific treatments or procedures. Additionally, some plans may have exclusions, which are treatments or procedures that are not covered under the plan.

                Health Insurance Plan Exclusions

                Health Insurance policy in India offer coverage which varies from one insurer to another. But, there are few common things which are not covered by some of the best health policy in India. Following are some of the most common health or medical insurance plan exclusions we should be aware of:

                • Critical illnesses coverage for pre-existing diseases is subject to a waiting period which can vary from one insurance company to another
                • Treatment in abroad or by an under-qualified medical professional
                • Pre-existing condition: Defined as a cancer condition (primary or metastatic); pre-cancerous condition or related condition(s) for which the insured had symptoms or was diagnosed earlier or got medical treatment prior to the date on which the policy was issued
                • Caused or contributed by (in whole or in part) Sexually Transmitted Diseases AIDS or HIV
                • Caused or contributed by (in whole or in part) any of the following:
                • Intoxication by alcohol or narcotics or drugs not prescribed by a Registered Medical Practitioner.
                • Nuclear, biological or chemical contamination (NBC)

                Note: The Health Insurance exclusions mentioned above can vary from one insurer to another. It is recommended to check for all the health insurance inclusion and exclusion before choosing the best health insurance plan in India.

                Health Insurance Plan Eligibility Criteria

                The need for buying a well-suited health insurance for you and your family is highlighted to ensure that you assess your requirements carefully and opt for a policy that offers maximum benefits at a reasonable cost. While it is essential for everyone to have the best health insurance policy in place to deal with expenditures linked to medical treatment, the criterion for eligibility is as follows:

                Entry Age

                Under a child health insurance plan, the minimum entry age is 16 days and goes up till 18 years. Whereas for an adult, the age of entry is 18 years and the individual enjoy all the benefits as per the policy terms and conditions.

                Pre-Existing Conditions

                If you are diagnosed with a disease before buying the health insurance plan, it is considered to be a pre-existing condition for which there is a specified waiting period. Only after the waiting period lapses, you are eligible to make claims against your health insurance plan for that particular illness.

                Why Buy a Health Insurance Plan at an Early Age

                It is always a good idea to buy the best health insurance policy from the best health insurance company in India at a young age as you do not have to stress about paying medical bills and exhausting hard-earned income on such hefty treatments. At an age where you would like to save up for your future, draining finances can affect your economic well-being and also affect you emotionally.

                The skyrocketing rate of inflation in the medical sector does not make it any easier, reason why buying a health insurance early in life comes handy in a number of ways.

                Check out some of the major benefits why youngsters should be investing in a health insurance plan:

                • Offers a comprehensive coverage for any health-related emergencies that may arise and put a strain on your financial security.
                • If there are any pre-existing conditions, you can wait out the specified waiting period early on without compromising too much on your health and become eligible for claims against it when you need it the most.
                • Since young people are healthy and less prone to diseases, the premium amounts are affordable and makes your health insurance cost worth the investment.
                • The tax benefits4 under section 80D are applicable which helps you save on your income and direct your fund towards a sound future planning.
                • You have wider coverage options with riders and add ons offering a comprehensive health insurance plan.

                When you are young, you are at your peak health. But today’s on-the-run lifestyle, increase in environmental pollution and rise in stressors have made young population the centre of a variety of health conditions which can hamper quality of living. Thus, on order to reduce such negative impacts, it is advisable to buy a health plan early.

                Documents Required to Buy Health Insurance Plan in India

                Following are some of the documents that you might be asked to furnish while buying health insurance plan in India:

                • Age Proof
                • Identity Proof
                • Address Proof
                • Medical Reports
                • Passport size photo

                Note: The list of documents required might vary from one health insurer to another.

                How to Choose Best Health Insurance Plan in 2024?

                Previous 2 years have been a year of learning when it comes to health and the uncertainties of life. It has also made us value health insurance plans and it’s significance. With so many insurance providers and types of health insurance out there, it may become a herculean task to decide which one is your best pick.

                Here are a few reasons why buying term insurance is worth it:

                Assessing Your Health Requirements

                Each individual has some specific health needs that they need to adhere to for availing the ideal plan for themselves

                Coverage Options

                Plans that offer comprehensive coverage with add on benefits with a coverage type suited for your needs are your best bet. As per your requirements, you might want to go for a family floater health insurance that offers higher sum assured at lower premiums that can be availed by all the members of the family a mentioned in the policy.

                Higher Sum Assured

                With the cost of treatment becoming unaffordable, you would want to compare plans online and opt for the one that offers a higher sum assured to ensure that all the expenses incurred are covered for.

                Renewal Benefits

                No-claim bonuses offered under a health insurance plan that are rewarded in the form of increased sum assured amount or a lower premium payment is the kind of flexibility that you should consider during policy renewals for choosing the best plan.

                Claim Settlement Ratio (CSR)

                CSR is the unit of measuring the total claims filed to the total successfully claims approved by an insurer to determine their success rate when it comes to settling health claims. It is essential to look for insurance providers who have a higher CSR rating as the higher the number the more chances you have at a smooth claim settlement process.

                Why Should You Compare Health insurance Plans Online?

                Purchasing a health insurance plan online has made our lives easier and what makes it even more convenient is the option to compare various plans online to help you get the best one. Here are some important benefits of comparing health insurance plans online:

                • Ease of access to a wide range of health insurance plans
                • As per your health requirements, income, and age, you can get free quotes online at the click of a button.
                • The flexibility of checking and comparing plans as per your convenience and time is unmatched. This means you can decide on which plan to buy from the comforts of your home and also buy including other family members in this decision.

                Tools such as health insurance premium calculator available readily online helps you figure out your ability to pay and factor in some other aspects to know if a particular premium plan works for you or not.

                How to Calculate Health Insurance Premium?

                To calculate your health insurance premium, you would need to assess your health requirements, income, age, gender and ability to pay based on your occupation. Once you are aware of all such factors, you need to take into account what payment type suits you. Whether it is monthly, quarterly, half yearly or annually. Having adequate knowledge of your needs and capabilities will ensure that you take up a plan with a premium payment that doesn’t seem like a burden.

                If you find yourself in a place where you need an expert to guide you better, you can always get in touch with us at Axis Max Life Insurance with any queries or doubts you might have towards your health insurance plan.

                What is the Difference between Health Insurance Plan, Cancer Insurance and Critical Illness Insurance?

                cancer-critical-illness-insurance.webp

                In India, it is prudent to invest in Critical Illness (CI) and health insurance plans to avail of financial assistance against medical treatment costs for various health ailments and related hospitalization.

                With the growing number of cancer patients in the country, however, it is advisable to consider buying a dedicated cancer insurance plan to help mitigate the financial burden related to cancer treatment expenses.

                To help you understand, we are listing the key differences between health insurance, critical illness insurance and cancer insurance in the below table

                Type of InsuranceCancer InsuranceCritical Illness InsuranceHealth Insurance Plans
                Reason to Purchase

                • Covers cancer treatment expenses by payment of l ump sum amount after diagnosis

                • Benefit-based policy

                • Payment of lump sum amount after diagnosis

                • Benefit-based policy

                • A basic indemnity-based plan for commonly occurring ailments

                • Provides either reimbursement for the expenses or cashless treatment

                What Does It Cover?Provides financial coverage against all stages of CancerCommon critical illnesses, as per the policy documentCovers the incurred medical and surgical expenses
                Who Should Purchase?

                • Ideal for those who wish to prepare against cancer

                • Can purchase a cancer insurance with a health insurance policy.

                • Ideal for those who wish to prepare against critical illnesses

                • Can purchase health insurance with a critical illness policy

                • Ideal for tackling the rising healthcare costs.

                • Has precedence over the other two.

                • Can always add cancer and critical illness cover later

                Ensure Protection Against Medical Emergencies with Health Insurance

                Nowadays, having health insurance coverage has become a resourceful weapon against the rising costs of medical treatment. The Health insurance plans provide comprehensive financial assistance against the various in-patient hospitalisation and treatment expenses.

                At the same time, you can enhance the health insurance coverage by augmenting your basic medical insurance policy with a Critical Illness (CI) and Cancer insurance plan. This way, you can avail of all-around financial protection against common and life-threatening ailments, including cancer. Be sure to check the health insurance claim settlement ratio before making the purchase.

                Myths about Health Insurance

                Awareness about health insurance is a good thing, but it also provides impetus for misconceptions and notions to spread around like wildfire. Some common false notions include:

                1. ‘I am healthy, so I don’t need health insurance’

                Well, that’s certainly not true. Even when you’re health and young, investing in a health insurance benefits in the long run. You’re covered for any unpredictable health mishaps that might arise and you can also stay worry-free

                2. ‘I am a smoker so I can’t buy a health insurance plan’

                Insurance providers may charge a higher premium and extended waiting period as your smoking habit can give rise to complicated health conditions like lung cancer or respiratory problems and put you at a potential risk of developing a pre-existing disease before you buy the policy. But rest assured, smoking is not the basis for denying health insurance altogether.

                3. ‘If I couldn’t renew my health policy, all my benefits lapse’

                All insurance renewals offer a grace period up to 30 days post-due date wherein you can renew your policy without losing on any of your benefits and bonuses. So, this is a complete myth and not a reality.

                Health Insurance FAQs

                search

                How Do I Choose A Health Insurance Plan?

                When choosing the best health insurance policy in India, purchase the one that meets your needs and suits your budget. However, to get the optimized value of the best health insurance policy in India, you should think about the plans benefits before you think about the price. You can use the health insurance premium calculator for more accurate estimations. Also, remember to check the health insurance claim settlement ratio of the insurance provider.

                What Are the Diseases Covered Under Health Insurance Policy?

                When looking for the health insurance company in India, you should look at the diseases covered under their policy. It may vary across different health insurance plans, however, typically it includes:

                1. Cataract surgery
                2. Cancer
                3. Dengue
                4. Diabetes
                5. Injuries due to accidents

                Which Health Insurance Plan Covers Cancer?

                Some of the health insurance plan in India today cover almost all major critical illnesses, including cancer. These policies typically only cover inpatient hospitalisation and care in Indian hospitals. However, adding a critical illness policy along with the best health insurance plan you can find, is the best way to go about it for wider coverage.

                Can We Claim Health Insurance Policy Immediately?

                Policyholders cannot claim payment from the insurer for any type of hospitalisation, scheduled or emergency, within 30 to 90 days of purchasing health insurance in India. They must wait 30 to 90 days after purchase of the policy before filing any claims for health insurance. Refer to the health insurance claim settlement ratio of the insurer to get a better idea of their record.

                Can Cancer Patients Get Health Insurance Plan After Diagnosis?

                It is quite possible that you may not find a health insurance policy in India that would cover someone who has already been diagnosed with cancer, however, a serious illness cover may be added to the current term plan.

                How Soon Can I Use Health Insurance Policy?

                There is a waiting period when you buy the best health insurance policy in India, which has to be completed before you can claim the health insurance policy.

                Is It Worth Buying Critical Illness Insurance Policy?

                It is worthwhile to purchase a critical illness insurance package based on the main benefits. The plan helps you to maintain physical, mental, and emotional peace of mind while also facilitating a quick recovery if you contract a serious disease.

                Does Normal Health Insurance Plans Cover Critical Illness?

                A standard health insurance plan in India mainly covers hospitalisation expenses. Critical illness insurance, on the other hand, pays out a lump sum if you are diagnosed with a critical illness that is protected by the policy.. When you use the health insurance premium calculator, you can see how adding the critical illness cover affects your premium amount.

                Is It Better to Take Critical Illness Policy or Health Insurance Plan?

                During hospitalisation, your health insurance policy can take care of your emergency and outpatient expenditures. However, this coverage may not be extended to all diseases eve with the best health insurance in India, or may have a longer waiting time. With critical illness insurance, on the other hand, you get coverage for life-threatening illnesses such as cancer, bypass surgery, multiple sclerosis, renal failure, and so on

                In A Health Insurance Policy, What Does Cashless Hospitalisation Means?

                Cashless facility is offered by some of the best health insurance company in India wherein the insurance provider will settle your bills directly with the hospital. You do not have to pay a single penny as the insurance company will cover the expenses on your behalf. Make sure to check the health insurance claim settlement ratio before purchasing.

                How Can I Add My Family Members to My Existing Health Insurance Plan?

                You may be able to add your family members to the existing health insurance plan in India, depending on the policy type, terms and conditions and the insurance provider.

                Can A Person Have More Than One Health Insurance Plans?

                For a single claim of health insurance in India, you can use different plans, such as your employers group policy, your employee health policy, and your top-up health policy. Use the health insurance premium calculator when buying a health plan to plan your finances better.

                How Much Does Health Insurance Cost for An Individual?

                With the health insurance company in India, you can get a suitable combination of benefits at an affordable price. However, the amount strictly depends on the benefits you have opted for and the insurer’s terms and conditions. You can get satisfactory estimates by using the health insurance premium calculator on the insurer’s website.

                Do Health Insurance Plans Cover Diagnostic Charges?

                Yes, when you look for the health insurance policy in india, you may find some that cover a variety of medical exams. Blood checks, stool tests, CT scans, X-rays, sonography, MRI, and other tests are among them.

                What Are the Documents Required for Buying A Health Insurance Plan?

                You can include your Aadhaar card, voter ID, passport, PAN card, and driving licence as proof of identity. Passport-Size Photo: Health insurance providers often need passport-size photographs of all policyholders.

                Is Medical Test Mandatory to Purchase A Health Insurance Policy?

                If you are under 45 years old, most health insurance companies will grant you a policy without a medical exam. A medical examination is required for those over the age of 45. The customer is responsible for the costs of the pre-medical procedure.

                Is There Any Difference Between Health Insurance and A Mediclaim Policy?

                A mediclaim plan covers only hospitalisation, accident-related care, and pre-determined diseases up to a certain amount. A health insurance policy provides adequate coverage for hospitalisation, pre-hospitalization, post-hospitalization, a certain sum assured and ambulance costs.

                How Do I Estimate the Cost of Health Insurance?

                Health insurance premiums are calculated based on returns of these capitalizations. Medical Underwriting: Insurance products are underwritten to strike a balance between individual and group policies. For this, risk is analyzed from various angles and a broad spectrum of factors in taken into account. As a policy buyer, you can use the health insurance premium calculator to see the specifics.

                Is there any tax benefit with health insurance premiums?

                You can claim a deduction under Section 80D of the Income Tax Act, 1961 against the health insurance premium paid in the financial year. Under Section 80D, you can avail a deduction up to Rs. 1,00,000 for the health insurance premium paid. To know more about the health insurance premium for family and parents, click here.

                What is waiting period in health insurance plans?

                Waiting period or cooling period in health insurance is time period you need to wait at the start of your policy. In the waiting period, you will not be able to avail any health insurance benefits. No health insurance claim during this period is accepted by the insurer. Some of the Health insurers might accept claim during waiting period. You should connect with your health insurance provider to know more about waiting period of your health insurance policy. Also, check the health insurance claim settlement ratio beforehand to avoid any future disappointments.

                What is the right time to buy Health Insurance Plan?

                While you might think that you are healthy and fit, falling ill and diseases are something that we cannot control, which makes it important for us to take the right things in place to feel more secure and buying a health insurance policy will help us feel more financially secure in case of any severe diseases. So, it is always advisable to buy the best health insurance plan in India as early as you can. Following are some of the benefits of health insurance if you buy health insurance policy at an early life stage:

                1. Lower premiums
                2. Healthy Lifestyle with Regular Health Check ups
                3. No Financial Stress as it pays for medical treatment, doctor’s bills, medicines

                How to Select the Best Health Insurance Plan in India?

                You should consider the following factors to choose the best health insurance in India:

                1. Sum Insured
                2. Coverage Limit
                3. Premium Amount
                4. Entry Age
                5. Inclusions and Exclusions
                6. No Claim Bonus
                7. Waiting Period
                A health insurance premium calculator will take these into factors and estimate a suitable coverage and premium rates for your financial profile. Apart from this, the health insurance claim settlement ratio is another crucial factor you should consider.

                How much Health Insurance cover do I need?

                While there are multiple factors to determine the health insurance cover, you can choose your health insurance cover on the basis of your medical conditions, medical background of the family members, income, age, health risks and most importance the health insurance premium amount you can afford to pay.
                You can opt for a health insurance plan in India at an early age by using the health insurance premium calculator to see the impact on your finances.

                What happens to the policy after claim is filed?

                When you claim your health insurance, it means all the medical expenses incurred are paid by your insurance provider up to the sum insured. So if you exhaust your health insurance, you can opt for top up plans or renew your policy every year to enjoy all the benefits.

                Can someone buy health insurance policy if he/she is not an Indian National but living in India?

                Being a citizen of India is not mandatory to be eligible to buy health insurance in India. You can buy a health policy in India even if you are a foreign national. All you need to do is to assess your needs and understand the policy terms and conditions carefully.

                What are the maximum and minimum policy duration?

                Health insurance policies are to be renewed annually. They generally last for a year after which you need to keep updating it as per your changing requirements. The best health insurance company offer Lifetime Renewability to help you expand the duration of your chosen health policy.

                How does smoking affect health insurance premium?

                Since smoking increases your risk of chronic ailments like lung cancer and respiratory issues and can also lead up to these diseases before you buy a health plan, making it a pre-existing condition for which you need to complete the waiting period that ranges from 2-5 years. This puts you at a greater health risk thereby also affecting your health insurance cost and premiums.

                What is the procedure for reimbursement settlement?

                When a health emergency arises and you get admission in a non-network hospital, the option of reimbursement settlement of expenses under your health plan applies. Under this, you will be required to pay the medical bills at that time out of your pocket. Later, you can file for a reimbursement with you insurance provider. Keep all the bills of hospitalization and other expenses covered as per your health plan as you will be required to present it.

                Why we should avail health insurance at an early age?

                You can avail an affordable health insurance plan at an early age and get treated for any health-related emergencies that may arise as well as receive comprehensive coverage with riders to enhance your policy. Dealing with high treatment costs due to inflation becomes easy and help save on your hard-earned income.

                What is the best age to get health insurance?

                As per your health needs, purchasing an individual health plan as soon as you turn 18 years is the best age to get health insurance as you are covered for any uncertainties that may come your way and hamper your well-being.

                ARN: PCP/HP/110823

                Sources:

                www.nsiindia.gov.in/InternalPage.aspx?Id_Pk=89

                www.nsiindia.gov.in/InternalPage.aspx?Id_Pk=55

                www.indiapost.gov.in/Financial/pages/content/post-office-saving-schemes.aspx

                www.nsiindia.gov.in/InternalPage.aspx?Id_Pk=134

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

                www.rbi.org.in/Scripts/NotificationUser.aspx?Id=11865&Mode=0

                www.rbi.org.in/Scripts/FAQView.aspx?Id=79

                www.forbes.com/advisor/in/health-insurance/how-to-choose-a-health-insurance-plan-for-your-family/

                www.indiatoday.in/impact-feature/story/how-to-pick-the-best-health-insurance-policy-2325613-2023-01-24

                www.hindustantimes.com/brand-post/a-step-by-step-guide-to-choosing-the-right-health-insurance-plan-101637838456000.html

                More plans for you

                • Image for IPQ carousel
                  2 Crore
                  Term Plan

                  Affordable financial security of your loved ones

                  Terminal illness cover at zero additional cost

                  Tax deduction u/s 80C of Income Tax Act, 1961

                  Multiple payout options - Monthly income and lump sum

                  Read More
                  Check Plan
                • Image for IPQ carousel
                  Guaranteed
                  Income Plan

                  Guaranteed maturity benefit to help achieve future goals

                  Multiple plan variants to choose from

                  Tax deduction u/s 80C of Income Tax Act, 1961

                  Death benefit on policyholder's demise's during policy term

                  Read More
                  Check Plan
                • Image for IPQ carousel
                  Axis Max Life Smart Fixed-return Digital Plan

                  Built-in life cover

                  Tax deduction u/s 80C of Income Tax Act, 1961

                  Tax-free## fixed returns up to 7.5%** u/s 10(10D)

                  Facility to avail a loan in case of a financial emergency

                  Read More
                  Check Plan
                • Image for IPQ carousel
                  NRI
                  Life Insurance

                  Hassle-free worldwide$+ claim processing

                  Flexible premium payment options

                  GST waiver4 of up to 18% for eligible customers

                  Video medical test at your own ease

                  Read More
                  Check Plan

                Share your Valuable Feedback

                Rating Icon

                4.1

                Rated by 14017 customers

                Was the Information Helpful?

                Rate this product

                Very Good

                We would like to hear from you

                Let us know about your experience or any feedback that might help us serve you better in future.

                Image for the icon

                Do you have any thoughts you’d like to share?

                Related Articles

                What-Is-Health-Insurance.webp

                What Is Health Insurance?

                Health insurance is a type of insurance that covers medical expenses incurred on an illnessor injury. These medical expenses include…

                Read More
                Benefits-of-Health-Insurance.webp

                Benefits of Health Insurance

                Health issues have become an increasingly pressing concern in the past few years. The average persons lifestyle today involves greater…

                Read More
                what-is-mediclaim.webp

                What is Mediclaim?

                if this is one of the questions that is keeping you from getting comprehensive financial security for your health, then we are here to help…

                Read More
                More Resourceful Articles

                Popular Searches

                Online Term Insurance PlanCritical IllnessTerm Plan with Return of PremiumClaim Settlement RatioULIP Saving PlanDifference Between Health Insurance and Life InsuranceHealth Insurance Policy in IndiaTypes of Life Insurance Plan in IndiaHow to Become Insurance AgentTerm Plan Insurance CalculatorInsurance CalculatorOnline Insurance PolicyBest Child Insurance PlanBest Retirement PlanBest Saving PlansGroup InsuranceLife Insurance PolicyInvestment PlanUlip Plans in IndiaTax Saving InvestmentTax CalculatorULIP CalculatorCancer Insurance PlanDocuments Required For Health InsuranceWhat is Waiting PeriodBenefits of Health InsuranceWhat is Health InsuranceHealth Insurance ComparisionFD Return CalculatorFixed deposit AccountCIBIL Score Check OnlineRecurring Deposit AccountRD Calculator OnlineWhat is Systematic Investment PlanLump Sum SIP CalculatorEndowment PlanPersonal Accident InsuranceCompound Interest Formula CalculatorGold Investment BenefitsGold Rate TodayROI Calculator50 lakh term insurance75 lakh term insuranceTerm Insurance for HousewifeMutual Funds investment Term Insurance Plan for Self EmployedTerm Insurance Plan for Senior CitizenNRI InsuranceTerm Plan for womenMax Life High Growth Fund
                Online Sales Helpline
                • Whatsapp: 7428396005Send ‘Quick Help’ from your registered mobile number
                • Phone: 0124 648 890009:30 AM to 06:30 PM
                  (Monday to Sunday except National Holidays)
                • service.helpdesk@axismaxlife.comPlease write to us incase of any escalation/feedback/queries.
                Customer Service
                • Whatsapp: 7428396005Send ‘Hi’ from your registered mobile number
                • 1860 120 55779:00 AM to 6:00 PM
                  (Monday to Saturday)
                • service.helpdesk@axismaxlife.comPlease write to us incase of any escalation/feedback/queries.
                NRI Helpdesk
                • +91 11 71025900, +91 11 61329950 (Available 24X7 Monday to Sunday)
                • nri.helpdesk@axismaxlife.comPlease write to us incase of any escalation/feedback/queries.
                Image for the vector icon
                stickyImage
                Get Yourself Covered for 64 Critical Illnesses@>
                tickMark
                99.65% Death Claim Paid Ratio^
                tickMark
                Terminal Illness Coverage at zero additional cost
                • Critical Illness
                • Term Plan with Return of Premium
                • Claim Settlement Ratio
                • Smart Secure Plus Plan
                • Continue with existing eQuote
                • Term Insurance for Housewife
                • Zero Cost Term Insurance
                • Smart Term Plan Plus
                • Life Insurance Plans
                • Online Insurance Plans
                • Retirement Plans
                • Group Insurance Plans
                • Child Insurance Plans
                • Health Insurance Plans
                • NRI Plans
                • ABHA Card
                • Pay Premium Online
                • Customer Login
                • Existing Customers Plans
                • Claims Centers
                • Download Policy Pack
                • View Policy Details
                • Electronics Insurance Account
                • Frequently Asked Questions(FAQs)
                • Premium Payment Options
                • Track Application
                • Contact Us
                • Update Personal Details
                • Change Nominee
                • Download Forms
                • Update PAN Card
                • Service TATs
                • Certificate of Insurance
                • Term Insurance Calculator
                • Income Tax Calculator
                • Saving Plan Calculator
                • Compound Interest Calculator
                • Insurance Calculators
                • FD Calculator
                • CIBIL Credit Score
                • RD Calculator
                • PPF Calculator
                • ROI Calculator
                • SIP Calculator
                • NPS Calculator
                • Lumpsum Calculator
                • NSC Calculator
                • Step Up SIP Calculator
                • BMI Calculator
                • SSY Calculator
                • Retirement Planning Calculator
                • SWP Calculator
                • APY Calculator
                • EMI Calculator
                • ELSS Calculator
                • Home Loan Insurance Calculator
                • ULIP Plans
                • Tax Saving Investment
                • Smart Wealth Plan
                • Assured Wealth Plan
                • Smart Wealth Income Plan
                • Flexi Wealth Advantage Plan
                • Savings & Income Plans
                • Smart Fixed-return Digital Plan
                • Money Back Policy
                • Max Life UL Life Growth Super Fund
                • Max Life High Growth Fund
                • Max Life UL Life Secured Fund
                • Max Life UL Sustainable Equity Fund
                • Max Life Nifty Smallcap Quality Index Fund
                • Max Life UL Life Balanced Fund
                • Max Life UL Pure Growth Fund
                • Max Life UL Secure Plus Fund
                • Max Life UL Life Growth Fund
                • Max Life UL Life Conservative Fund
                • Max Life UL Life Diversified Equity Fund
                • Max Life UL Money Market ii Fund
                • Max Life UL Life Dynamic Bond Fund
                • Max Life Midcap Momentum Index Fund
                • Income Tax Slab 2024-25
                • Nifty 500 momentum 50 fund
                • Axis Max Life Sustainable Yield Index Factsheet
                • Max Life Sustainable Wealth 50 Index Fund
                • Axis Max Life Sustainable Yield Index
                • Axis Max Life Smart Innovation Fund
                • bima-bharosa
                • Why Axis Max Life
                • Know Our Story
                • Awards & Achievement
                • CSR
                • ESG
                • Diversity, Equity & Inclusion
                • Media Center
                • Our Leadership
                • Public Disclosures
                • ISNP Details
                • All About Claims
                • Become An Agent
                • NAV Performance
                • Monthly Factsheets
                • Fund Portfolio
                • NAV Performance & Benchmark
                • Monthly Fund Snapshot
                • Annual Investment Report
                • Axis Max Life Branches
                • Investors
                • Key Company Policies
                • Careers
                AppstoreImgGooglePlayStoreImg
                AppstoreImgGooglePlayStoreImg
                • IRDAI Consumer Education Website
                • Agent Suspended & T.
                • Do Not Disturb
                • Insurance Ombudsman
                • Privacy Policy
                • Disclaimers
                • Service TATs
                • Grievance Redressal
                • Bima Bharosa
                • Unclaimed Amount
                • Withdrawn Plans
                • Sitemap
                • UW Approach & Philosophy

                Group Sites

                • MAX INDIA
                • MAX FINANCIAL SERVICES
                • ANTARA SENIOR LIVING
                • MAX LIFE PENSION FUND MANAGEMENT

                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.

                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